|Topics in this issue include:
|Critical System Updates|
iLink and FIX/FAST Message Enhancements
The Client Impact Assessment has been updated to include additional details on cancel confirmations for unsolicited cancels. Complete information on these messaging enhancements is detailed in the FIX/FAST and iLink Message Enhancements Client Impact Assessment.
Certification is not required for these iLink or Market Data Platform FIX/FAST enhancements. Complete testing in the iLink test suite of AutoCert is strongly recommended.
These messaging enhancements are currently available for customer testing in New Release.
10-Deep Futures Market Data
This launch will impact all client systems because all systems must process all 10 levels, even if you choose to display 5-deep order books.
Also with this launch, the FIX/FAST Security State (tag 35-MsgType=f) message will be enhanced to provide more detailed information on the market state of an instrument.
The Security Definition (tag 35=d), Market Data Incremental Refresh (tag 35=X) and Security State (tag 35=f) messages will be impacted by this launch. The enhancements and the new templates for the Security Definition (35=d) and Security State (35=f messages will be launched April 19, 2009.
More details on this launch and the required customer development is available online in the Client Impact Assessment.
The 10-deep futures order book will be phased into the New Release environment for customer testing over three weekends:
The enhancements and template changes for the Security Definition (35=d) and Security State (35=f messages will be launched March 8, 2009.
FX Futures Enhancements
A mock trading session will held this Saturday to help customers prepare for this launch. Details are available below.
This launch will also result in significantly reduced message response times. Already among the fastest in the industry, this upgrade is expected to reduce response times by an average of 40-50%.
As a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 20%.
Please note: all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders will be deleted from CME Globex prior to the open on February 8. To allow customers a chance to re-enter GTC and GTD orders, the FX futures markets will pre-open early on Sunday, February 8, at 3:00 p.m. Central time.
We recommend all system providers supporting FX futures test these changes thoroughly in New Release.
Higher-Order User-Defined Spreads Harmonization
Please note: the following exclusions apply:
CME Group-recognized option spread types are documented online.
The harmonization will be available for testing in New Release on Monday, March 23.
DME Products on CME Globex
A mock trading session in the CME Globex production environment will be held this Saturday, January 24. Detailed information is below.
CME Globex product specifications are available online now. Please note: these products will have DUMX in the Security Definition (tag 35=d) tag 207-SecurityExchange. Complete product specs are available on the DME web site. These products will be listed with implied functionality turned on.
Trading hours for DME products on CME Globex will match the NYMEX Crude Oil products: Sunday - Friday, 5:00 p.m. - 4:15 p.m. CT. This Sunday only, February 1, CME Group will provide an extended pre-open starting at 3:15 p.m. CT, to facilitate customers' order entry. Please note: resting orders on DME DIRECT will not be moved to CME Globex. Customers are responsible for re-entering any DME DIRECT orders onto CME Globex upon product migration.
Customers will be notified as early as possible if the migration to CME Globex is postponed. If the migration is postponed:
DME products are now available for customer testing in the CME Globex New Release environment.