|Topics in this issue include:
|Critical System Updates|
FIX/FAST AutoCert+ in the Certification Environment
To support the AutoCert+ move to Certification environment, CME Group is launching the attached new Market Data Platform multicast channels and ports. Please note: customers may need to complete changes to their network settings to connect to the new channels.
Order Status Enhancements
A Client Impact Assesment is now available with detailed information. CME Group strongly recommends all front-end trading systems completely test the enhanced order status messaging in New Release, available Monday, July 14.
New Weather Futures on CME Globex
In addition, with this launch the following Weather seasonal strips will be available:
These new Weather futures, weeklies and strips will be available for customer testing in New Release and Certification on Monday, July 14.
Options on E-mini S&P® SmallCap 600® Futures
These options and strategies will be available for customer testing in Certification and New Release on Monday, July 14.
Options on Eurodollar Futures Calendar Spreads
Eurodollar calendar spread options are designed to help market participants better manage risk exposures specifically tied to the slope of the Eurodollar rate curve. Call options will be exercisable into one long nearby Eurodollar futures contract and one short deferred Eurodollar futures contract, for example June 2008 (long) and June 2009 (short). Put options will be exercisable into a short nearby Eurodollar future and a long deferred one.
These options will be listed with the futures calendar spread as the indicated underlying. There will not be a synthetic future listed, as is the current practice for the NYMEX complex options on CME Globex. These options will support zero and negative strike prices.
These options and strategies will be available for customer testing in New Release on Monday, July 21.
NYMEX LCH ECM & MTF Products on CME Globex
This historic alliance will deliver improved capital and operational efficiencies through wider execution capabilities, broader credit intermediation and margining benefits for customers and market participants.
More information on the arrangement and benefits for market participants is available at www.nymexonlchclearnet.com.
Please note: the NYMEX ECM contracts require development to support trading of these unique products. Detailed development information is available in the NYMEX ECM and NYMEX MTF Products on CME Globex Client Impact Assessment. The complete lists of new products are available in the NYMEX ECM Snapshot and NYMEX MTF Snapshot.
These products are currently available for customer testing in the New Release environment. The mock trading session previously scheduled for June 28 has been cancelled. End-to-end testing to the LCH Clearing House is available in the New Release environment for configured customers. Please contact CSET at 312.930.2322 or your CME Globex Account Manager at 312.634.8700 to be configured.
NYMEX Aluminum Listing Changes
30-Day Fed Funds Futures and Options Enhancements
All these changes are currently available in New Release for customer testing. The new 12-month futures strips will be available on Monday, July 21.
The Instrument Group Code can be found in the Security Definition (tag 35-MsgType=d) FIX/FAST message, tag 55-Symbol; and in the Instrument Creation (MO) RLC-format message at position 70.
These changes are now available for customer testing in New Release.
|Events & Announcements|
Earlier Sunday Security Definition and MO Messages
CME Globex Disaster Recovery Program
CME Group offers two programs for business continuity testing: CME Globex DR Connectivity testing and Simulated CME Globex DR testing.
The CME Globex DR Connectivity testing, conducted monthly, is designed to ensure that customers can establish a connection to the DR environment in case of an emergency. Customers are required to register in advance to participate online. Disaster Recovery IPs and ports have been distributed by your CME Globex Account Manager.
Complete information on the CME Group business continuity program and the CME Globex DR Connectivity testing, including testing session dates, is available online. CME Group encourages all directly connected customers review the DR Client Impact Assessment.
Saturday FIX/FAST Testing
There will be no replay window on the Labor Day holiday weekend, on Saturday, August 30.
The data disseminated during each Saturday's replay window will be captured during the prior mid-week trading.
CME Group recommends all system providers purge and reload their instrument databases every week. To support testing during these replay windows, the FIX/FAST Security Definition (tag 35=d) and RLC Instrument Creation (MO) messages from the prior week will be available on the instrument definition channels each Saturday morning starting at 10:00 a.m.
Support will be available; customers may call 312.715.6003 with any questions during the replay windows.
The following market data channels for FIX/FAST and RLC formats will be available:
Channel definitions, including IPs and ports, are available online:
Please contact your CME Globex Account Manager with any questions at 312.634.8700; in Europe at +44.20.7796.7100; or in Asia at +852.3101.7696.
Messaging Policy Q3 2008 Benchmarks
The benchmarks are published quarterly and are based on the per-product Volume Ratios, including the prior quarter's roll trading.
The CME Globex Messaging Policy creates fair business guidelines by which customers are billed a surcharge for overly high message rates. Under the CME Globex Messaging Policy, each clearing member firm (active or inactive clearing member firms which maintain relationships with CME Clearing) must not exceed product-specific benchmarks, tailored to the valid trading strategies of each market. CME Group calculates benchmarks based on a per-product Volume Ratio.