|Topics in this issue include:
|Critical System Updates|
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
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.
Australian Weather Futures
More information on these new weather products and the entire suite of temperature-based instruments is available online.
These Australian Weather futures will be available for customer testing in New Release Monday, February 9.