• CME Globex Notices: August 2, 2010

      • To
      • CME Globex Customers
      • From
      • Global Account Management
      • #
      • 20100802
      • Notice Date
      • 05 August 2010
    • Topics in this issue include:
      Critical System Updates
      New Functionality
      Product Launches
      Product Changes
      Events and Announcements


      Critical System Updates

      Update CME Globex Data Center Migration
      As previously announced, to accommodate continued growth, CME Group is expanding its infrastructure and moving to a new state-of-the-art data center. Detailed information on this migration is available  online.

       client impact overview is also available.

      Third Mock Trading Session
       

      The final mock trading session, to ensure customer readiness for the upcoming CME Globex data center migration, is this Saturday, August 7, 8:00 a.m. - 11:30 a.m. Central time (CT). The mock trading session are designed so customers can connect to, receive market data and submit orders from the new CME Globex data center. There will be an additional hour of connectivity-only testing available 11:30 a.m. - 12:30 p.m. CT. An   overview of the mock trading session is now available. Customers must   register online to participate.

      The unscripted testing portion of the mock has been extended by 1 hour, and will end at 11:30 a.m. CT. Please review the updated   overview for complete information.

      Effective this Friday, August 6, after the close, customers must use the new CME Globex data center iLink production IP addresses.

      The CME Globex Control Center will be opening 2 hours early on Sunday, August 8, at 12:00 p.m. CT, to provide technical support for the CME Globex Data Center migration.

      If you have any questions regarding this migration, please contact your  Global Account Manager at 312.634.8700 in the U.S.; +44 (0) 20 7796 7100 in Europe; or +852.3101.7696 in Asia.

      New Functionality

      Update Bursa Malaysia Derivatives Products on CME Globex
      Effective Sunday, September 19, 2010 (Chicago time)/Monday, September 20 (Malaysia time), pending Malaysian Securities Commission approval, Bursa Malaysia Derivatives™ products will be available for trading on the CME Globex platform.

      New and existing CME Group customers who would like to trade BMD products must establish all appropriate agreements and accounts with a Bursa Malaysia Clearing Firm to be authorized to trade BMD products. Contact your  Global Account Manager at CME Group for more information.

      FIX/FAST-format market data will be enhanced to support BMD products on CME Globex as outlined in the  Bursa Malaysia Derivatives Client Impact Assessment. There are no impacts to iLink order routing for this launch.

      BMD products are currently available in New Release for customer testing.

      Mock Trading Session
       

      A mock trading session, to ensure customers can trade and receive market data for the Bursa Malaysia Derivatives products on CME Globex, will be offered Saturday, August 21, 5:00 a.m. – 9 a.m. Central time.An   overview of the mock trading session is now available. Customers must register with their   Global Account Manager to participate.

      Product Launches

      NEW Wheat-Corn Intercommodity Calendar Spread Options (ICSO)
      In response to customer feedback, effective this Sunday, August 8, 2010 (trade date Monday, August 9), options on the Wheat-Corn intercommodity calendar spread (ICSO) will be listed for trading on the CME Globex platform. These options replace the Corn-Wheat ICSOs and will use the same values in tag 1151-SecurityGroup=ZCW and tag 55-Symbol=Q3.

      Please note: the underlying future intercommodity calendar spread will not be changed. It will still be constructed front leg Corn minus back leg Wheat and the trade pricing will be negative.

      On July 28, the options on the Corn-Wheat intercommodity spread were delisted.


      NEW Henry Hub Natural Gas Look-Alike Last Day Financial Futures (HH)
      Effective this Sunday, August 29 (trade date Monday, August 30), the Henry Hub Natural Gas Look-Alike Last Day Financial Futures contract (tag 1151-SecurityGroup=HH) will be listed for trading on CME Globex. This product is already available on the NYMEX trading floor and CME ClearPort.

      A new intercommodity spread will also be listed for the Henry Hub Natural Gas futures (tag 1151=HH) vs the Henry Hub Natural Gas Look-Alike Last Day Financial Futures. These intercommodity spreads will be listed with tag 762-SecuritySubType=IS.

      The Henry Hub Natural Gas Look-Alike Last Day Financial Futures contract will be available in New Release for customer testing Monday, August 12.

      Product Changes

      FIX tag 55-Symbol Change for Distillers Dried Grain (DDG) Futures
       

      Effective Sunday, August 22, the Symbol (FIX tag 55) for the Distillers Dried Grain (DDG) futures will change as follows:

      FIX tag 55-Symbol Change for Distillers Dried Grain (DDG)

      Product Tag 1151-SecurityGroup Current tag 55-Symbol NEW tag 55-Symbol
      Distillers Dried Grain (DDG) futures DDG ZC EH

      The Distillers Dried Grain (DDG) with the new tag 55 value will be available in New Release for customer testing on Monday, August 9.


      3-Deep Options Market Data
      Effective Sunday, August 22, the market data book depth for the remaining top-of-book only options channels, CME Interest Rates (10), CME Commodity (14), Non-Crude Energy (36), NYMEX Alternative Markets (37), CBOT Commodity (112), MGEX (119) and KCBT (121), will change to three deep.

      This change will result in a move to the incremental book management style from the current overlay style, as reflected in tag 279-MDUpdateAction in the Market Data Incremental Refresh message (tag 35=X). Valid values for this tag will now include 0 (New), 1 (Change) and 2 (Delete).

      The book depth for every instrument on CME Globex is detailed in tag 264-MarketDepth in the Security Definition (tag 35-MsgType=d). CME Group strongly recommends customer applications utilize tag 264 to identify the supported instrument book depth level dynamically. CME Group also recommends all customer applications should be designed to leverage all possible values for tag 279-MDUpdateAction in the Market Data Incremental Refresh message (tag 35=X) for all markets and channels, to minimize the impact of future book depth changes.

      The FIX/FAST Software Development Kit, including details on book management in the Core Functionality module, is available  online. Please contact Certification Support for Electronic Trading ( CSET) at 312.930.2322 for development assistance.

      All options channels in New Release are currently three-deep for customer testing.


      Implied Functionality for CBOT Corn Futures 
      As previously announced, effective August 29, 2010, implied functionality will be disabled for CBOT corn futures and spreads (tag 1151-SecurityGroup=ZC).

      Implied functionality is being disabled in the CBOT Corn futures from August 29, 2010, through December 31, 2010, to determine if more robust markets in highly liquid contracts can be improved without the implied spreads. We will monitor the market during this period for signs of market quality degradation and, if observed, we will reinstate the implied functionality. Based on the assessment over this period, a decision on the use of the implied spreading functionality for corn futures going forward will be made. More information on this change is available  online.

      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.