|Topics in this issue include:
|Critical System Updates|
FIX/FAST 2.0 Launch
The FIX/FAST 2.0 format is not backward-compatible to the current FIX/FAST format. Even if a customer does not want to take advantage of these enhancements, to ensure uninterrupted access to CME Globex market data, all current customer systems are required to develop to FIX/FAST 2.0 and complete mandatory certification via AutoCert+.
The new FIX/FAST 2.0 AutoCert+ test suite is now available, and contains four tests focused on:
FIX/FAST 2.0 is currently available for customer testing in the New Release environment.
Information on this release, including launch and mock trading dates, can be found online in the FIX/FAST 2.0 Client Impact Assessment.
Effective Sunday, March 28, 2010, a number of enhancements will be introduced for CBOT Commodity, Kansas City Board of Trade (KCBT) and Minneapolis Grain Exchange (MGEX) futures and future spreads on CME Globex.
Please note: for this weekend’s launch, customers are asked to please cancel all Good ‘Till Cancel (GTC) and Good 'Till Date (GTD) orders for these futures and futures spreads after their respective closes on Friday, March 26. After 15:15 CT on Friday, March 26, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC).
There will not be a post-close pre-open session on Friday, March 26.
GTC and GTD orders may be re-entered during an extended pre-open period, 15:00-17:00 CT, on Sunday, March 28. If you have any questions, please contact the CME Globex Control Center at 312.456.2391 or in Europe at 44.20.7623.4708.
The messaging and functionality impacts are documented online in the Client Impact Assessment.
In addition to the messaging and functionality changes, these enhancements will also result in significantly reduced message response times. Already among the fastest in the industry, this upgrade is expected to reduce iLink and FIX/FAST response times by an average of 20%.
CME Group recommends all system providers supporting Commodity futures test these changes thoroughly in New Release.
CME Globex Performance Enhancements for Interest Rate, NYMEX Energy and NYMEX and COMEX Metal Futures
Please note: 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%.
There will be no changes to functionality or messaging format with these performance improvements. Good 'Till Cancelled and Good 'Till Date (GTC/GTD) orders will not be impacted.
This upgrade is designed to enhance our liquid, efficient and competitive marketplace for participants worldwide. It is scheduled for a phased launch as follows:
Scheduled for Sunday, May 2
Scheduled for Sunday, May 9
Regional Greenhouse Gas Initiative (RGGI) Allowance Futures
These futures are currently available for testing in New Release and Certification.
These new Hurricane futures are currently available for customer testing in New Release.
Climate Action Reserve Futures
These futures are currently available for customer testing in Certification and New Release.
TAS Futures for Energy and Metal Products
These new TAS products will be available for customer testing in New Release Monday, March 29.
This afternoon pre-open period for options, from 2:30 p.m. to 4 p.m. Mondays through Fridays, matches the underlying futures' current afternoon pre-open session. The impacted Commodity markets pre-open periods are detailed below in Central time:
Current Pre-Open for CBOT, KCBT and MGEX Grain Options
New, Harmonized Pre-Open for CBOT, KCBT and MGEX Grain Options
Current Pre-Open for CBOT, KCBT and MGEX Grain Futures
The pre-open market state is a predetermined time before the trading session opens when customers can begin entering, modifying and canceling orders for the following trading day.
These calendar spreads will use the value EC in tag 762-SecuritySubType.
These new futures spreads will be available in New Release for customer testing Monday, March 29.
Snowfall Futures Display Factor Changes
These changes to the recommended display prices will be available in New Release for customer testing on Monday, March 29.
Implied Functionality for Live Cattle-Lean Hog Intercommodity Futures Spreads
Implied functionality integrate bids and offers in both spreads and their outright contracts to provide the most liquid possible markets with the best possible prices.
Implied functionality is indicated in the FIX/FAST Security Definition message (tag 35-MsgType=d), in tag 1144-ImpliedMarketIndicator, where 3 indicates Implied In and Out.
Implied functionality for the Live Cattle and Lean Hog futures and future spreads will be turned on for customer testing in New Release Monday, March 29.
|Events & Announcements|
CME Globex Disaster Recovery Test
Twice a year CME Group offers Simulated CME Globex DR testing and the next test is scheduled for this Saturday, March 20.
The Simulated CME Globex DR testing is designed to ensure that customers can successfully failover to the DR environment, send orders and fallback to the production environment in case of an emergency. Customers are required to contact their Global Account Manager to register in advance to participate. Disaster Recovery IPs and ports have been distributed by your CME Global Account Manager.
Complete information on the CME Group business continuity program, including upcoming test dates and the DR Client Impact Assessment, is available online.
For more detailed information on the Simulated CME Globex DR testing, please contact your Global Account Manager.
New CME Co-Location Services
This customer-focused service offering is expected to launch early in 2012. Further details concerning CME Co-Location Services will be available in Q2 2010.
For more information, please visit www.cmegroup.com/colo.
Please contact your Global Account Manager at 312.634.8700 in the United States; +44.20.7796.7100 in Europe; and +65 6593 5574 in Asia with any questions.