|Topics in this issue include:
|Critical System Updates|
Volume Controls for iLink Order Messaging
Implementing this volume control for new order and order cancel/replace messaging is designed to:
Please note the volume control for order cancel (tag 35=F) messaging will remain at the current 1,000 MPS threshold during trading hours, but will be set to 100 MPS on Sundays 3:00 p.m. – 5:00 p.m. CT, and Mondays – Thursdays 4:30 p.m. – 5:00 p.m. CT.
The volume controls for new order and order cancel/replace messages are currently available for customer testing in New Release.
The CME Globex Market Performance Protection Policy is available online.
For more information, please contact the CME Globex Control Center at 312.456.2391.
Channel 11 - CME FX Futures
Channel 12 - CME FX Options
The change will not impact the volatility-quoted FX options on channel 6.
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 available in New Release for customer testing.
Expanded Security Definition Messages for User-Defined Spreads
New tags for UDS Security Definition Messages
In addition, tag 600-LegSymbol, in the repeating group tag 555-NoLegs, will now identify the Symbol (tag 55) for each leg. Currently, tag 600 always contains [N/A].
The expanded Security Definition messages will be launched according to the following schedule:
There will be no template changes for this launch.
The expanded Security Definition messages are currently available for customer testing in the New Release environment.
The new tags will be used to indentify:
All customer order routing systems must support and accurately populate these new tags, and complete the mandatory certification via AutoCert+ by June 5.
The new tags are available in New Release for customer testing.
There are no impacts to FIX/FAST market data with this launch.
A client impact assessment is available online
This launch will impact the Security Definition (tag 35-MsgType=d,) and Security Status (tag 35=f) messages. Details on the enhancements are available in the Client Impact Assessment.
Certification is not required and there are no new templates. Customers and system providers are encouraged to test the enhancements thoroughly in New Release starting this Monday, October 25.
COMEX, NYMEX, and DME Futures Enhancements
In internal testing environments, the enhancements for COMEX have resulted 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 30%. As a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 30%.
The messaging and functionality impacts are documented online in the Client Impact Assessment.
CME Group recommends all system providers supporting NYMEX, COMEX or DME futures test these changes thoroughly in New Release.
Now Available: Monthly and Seasonal Strip Rainfall Index Futures
*Please note, the Security Group codes for Chicago O’Hare International Airport are different for the monthly contract versus the strips.
Rainfall Index Futures & Strips are geared to the amount of rainfall recorded in a given month in a designated location. They provide a way to:
Brent Look-Alike Crude Oil Options
The Brent Look-Alike Crude Oil option contract is available in New Release for customer testing.
Green Exchange Product Migration
As previously announced, following the Transition, Green futures products will continue to be available for trading via CME Globex and privately-negotiated transactions accepted for submission for clearing through CME ClearPort. In addition, with the Transition, ten Green options products (currently available for trading on the New York trading floor) will be transitioned to and newly listed for trading on the CME Globex platform.
Currently, select Green products are available for customer testing in New Release on the Market Data Platform channel 32. The remaining changes to New Release will be rolled in as follows:
FIX tag 55-Symbol Change for E-mini S&P SmallCap 600 Futures
The E-mini S&P SmallCap 600 (SMC) with the new tag 55 value will be available in New Release for customer testing on Monday, November 15.
|Events & Announcements|
Bursa Malaysia Derivatives (BMD) Products on CME Globex
Customers interested in discussing various access scenarios for trading BMD products on CME Globex, please contact your Global Account Manager at +1.312.634.8700 in the United States; +44.20.7796.7100 in Europe; and +65.6593.5574 in Asia.
Additional information is available in the Bursa Malaysia Derivatives Client Impact Assessment.
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 will be distributed to Class A clearing firms on Monday, October 4. Idle session IDs that have not been granted an exemption will be deleted at end of day this Friday, November 5, 2010.
CME Group's Technology Conference is a one-day event that hosts engaging speakers and expert practitioners with knowledge of relevant technologies and trends related to the financial industry. Presentations will be aligned with each of the following topics:
This complimentary conference welcomes developers, technology managers and testers who are interested in learning about how and where to apply these new technologies.
We have limited capacity, so registration is on a first-come, first-served basis.
Click here to register.
Pre-Open Schedule Change
During the pre-open market state, customers may begin entering, modifying and canceling orders for the next trading day. The pre-open market state is identified in the FIX/FAST Security Status (tag 35-MsgType=f) message in tag 326-SecurityTradingStatus=21.
The new pre-open schedule is currently available for customer testing in New Release.
CME Co-Location Services Details
If you are interested in having the lowest possible latency connection to the CME Globex platform, contact your Global Account Manager today.
Learn more about CME Co-Location Services, visit www.cmegroup.com/colo
To request additional information and to apply, please contact your Global Account Manager at +1.312.634.8700 in the United States; +44.20.7796.7100 in Europe; and +65.6593.5574 in Asia.
For your convenience, the CME Co-Location Briefing Center is now open and located at 141 West Jackson in Chicago, IL.
The Briefing Center includes displays of:
Conference room facilities are also available.
To access the Briefing Center, an appointment is needed. Please contact your Global Account Manager for further information and to schedule an appointment today.
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Futures trading is not suitable for all investors, and involves risk of loss. Futures are a leverage instrument, and because only a percentage of a contract's value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures product.
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