Topics in this issue include:
|Critical System Updates|
The impacted channels are listed below.
Channel 7 - CME Equity Futures
Channel 8 - CME Equity Options
Channel 32 - NYMEX Metals, Softs and Alternative Markets and COMEX Futures
Channel 37 - NYMEX Metals, Softs and Alternative Markets and COMEX Options
Current channel configuration information is available on the ftp.cmegroup.com site as outlined in the Core Functionality module of the FIX/FAST Software Development Kit.
These new channels are currently available in New Release for customer testing.
Effective this Sunday, May 9, 2010, CME Globex will launch FIX/FAST 2.0 for production parallel testing, on a subset of new Market Data Platform channels. As of Sunday, June 6, CME Globex market data will be disseminated exclusively in FIX/FAST 2.0 format. This launch introduces a number of customer-requested enhancements to support trading and market data strategies.
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+.
FIX/FAST 2.0 is currently available for customer testing in the New Release environment. Information on this release can be found online in the FIX/FAST 2.0 Client Impact Assessment. The client impact assessment has been updated with new information about settlement price enhancements.
Production Parallel Testing
CME Group will make available a new configuration file for the Production environment, named config20.xml. This file will contain 5 channels utilizing the FIX/FAST 2.0 format. These channels will have new IP addresses and ports. The balance of channels in this file will be in the FIX/FAST 1.6 format with the current multicast IPs and ports.
Mock Trading Sessions
A third mock trading session has been added to the schedule. On Saturday, June 5, all current production channels will broadcast FIX/FAST 2.0-format. More information will be available in upcoming CME Globex and Quote Vendor Notices.
Please contact Global Account Management with any questions about these mock sessions.
Postponed CME Globex Performance Enhancements
International Skimmed Milk Powder Futures and
With this launch CME Group customers will be able to trade the world's most-consumed edible oil in a cash-settled, dollar-denominated contract, with the safety and liquidity of CME Group. This expansion of the edible oil product suite also creates opportunities for cross-trading with soybean oil based on the historically strong correlation between these products. Together, crude palm oil and soybean oil account for about 61 percent of all the edible oil in the world.
Crude Palm Oil futures will have tag 1151-SecurityGroup=CPO and tag 55-Symbol=UC. It is listed on CME (tag 207=XCME) and market data will be distributed on the CME Commodity Futures Market Data Platform channel (13).
The new dollar-denominated Crude Palm Oil futures are currently available for customer testing in the New Release environment.
The Ultra T-Bond futures contract is the fastest growing interest rate futures product ever introduced by the CME Group exchanges. Adding options to this robust futures market will provide even more opportunities for market participants seeking longer-dated, off-balance sheet exposure in Treasury markets.
Ultra T-Bond options will have tag 1151-SecurityGroup=OUB and tag 55-Symbol=UB. It is listed on CBOT (tag 207=XCBT) and market data will be distributed on the CBOT Interest Rate Options Market Data Platform channel (116).
The new Ultra T-Bond options will be available for customer testing in the New Release environment Monday, May 24.
FX Options Trading Hours Change
Minimum Tick Increment Change for Euroyen TIBOR
Futures and future spreads will be implied only within the front four quarterly expirations. Futures spreads between the front four quarterly contracts and deferred expiration months; e.g., June 2010 (Q1) vs June 2011 (Q5), will be eligible to trade in .25 basis point increments, but will not be implied.
These changes are currently available for customer testing in New Release.
3-Year U.S. Treasury Note Calendar Spreads Implied Functionality
Implied functionality is indicated for every instrument on CME Globex in the FIX/FAST Security Definition message (tag 35-MsgType=d), in tag 1144-ImpliedMarketIndicator.
|Events & Announcements|
Idle iLink session IDs needlessly consume resources and make load balancing and resource allocation planning more difficult. CME Group is committed to managing session IDs to ensure the best performance on CME Globex for our customers. The iLink session ID auto-delete process helps ensure these resources are managed proactively and consistently across the marketplace.
Details on the process are available online. An e-mail notification was distributed to Class A clearing firms on Monday, April 5. Idle session IDs that have not been granted an exemption will be deleted at end of day Friday, May 7, 2010.