|Topics in this issue include:
|Critical System Updates|
New Mandatory iLink Tags
To ensure customer readiness CME Group recommends the following action items must be completed prior to the June 5, deadline:
These tags are available in New Release for customer testing. There are no impacts to FIX/FAST market data with this launch. Please contact your Global Account Manager with any questions.
Please see the updated Client Impact Document for a more detailed description of technical and data requirements.
MexDer Markets via CME Globex
MexDer market data via CME Globex will utilize a new FIX/FAST template. The new template will be available in New Release this Sunday, April 10. A new mandatory certification suite will be available Monday, May 2, in AutoCert+ for customer systems planning to support MexDer via CME Globex.
MexDer markets via CME Globex will be available in New Release starting Monday, April 25.
The client impact assessment provides detailed functionality and messaging for customer systems interested in supporting MexDer products via CME Globex.
These products are currently available for customer testing in New Release.
August vs. November Soybean Calendar Spread Option (CSO)
In addition a new synthetic future will be launched for the options on August vs. November Soybean future calendar spread.
The new future will have tag 1151-SecurityGroup=SZ4 and tag 55-Symbol=08. Settlement prices will be published for the new synthetic future to support customers’ options pricing model.
The options (tag 1151=SZ4) will identify QC4 as the underlying contract in tag 309-UnderlyingSecurityID of the Security Definition (tag 35-MsgType=d) FIX/FAST message.
The August vs. November Soybean calendar spread options and synthetic futures are available for customer testing.
Daily European Union Allowances (EUA) Futures
Pine Prairie Energy Center Natural Gas Futures – Variable Quantity
These are variable quantity contracts, as defined in the FIX/FAST Security Definition message (tag 35-MsgType=d) in tags 871=24, 872=18. The quantity will be defined as:
The Daily/Weekend (PPD) and BALMO (PPB) futures are daily contracts (tags 871=24, 872=19 in the Security Definition message).
In anticipation of these changes, the current PPEC futures will be removed from the CME Globex platform at the close of business on Friday, March 25.
These new futures are currently available in New Release for customer testing.
FIX tag 996-UnitOfMeasure Change for Green Exchange CERplus Futures and Intercommodity Spreads
The unit of measure change for CERplusSM product is available for customer testing in New Release.
Market Data Platform channels and implied functionality will not be impacted.
To facilitate these changes, customers are asked to cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for the impacted futures and spreads after their close on Friday, April 29. After 16:00 CT on Friday, April 29, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC).
These changes are currently available for customer testing in New Release.
|Events & Announcements|
New York/New Jersey Connectivity Update
In conjunction with this change, CME Group is introducing a new client-managed connectivity offering called CME EConnect.CME EConnect provides customers with the flexibility to choose their own carrier and hardware vendors. Customers who choose to connect via CME EConnect will order their own cross connects from their leased space within the local data centers or data center carrier rooms to the CME Group network.
CME Group will work with existing New York and New Jersey CME DIRECTLink customers who prefer to continue using the CME Group managed solution to re-route their connections to the new points of presence. Within the coming weeks, Global Account Management will be contacting all CME DIRECTLink customers in New York and New Jersey to discuss the CME DIRECTLink and CME EConnect connectivity options.
CME Globex Messaging Policy Q2 Benchmarks
The benchmarks are published quarterly and are based on the per-product Volume Ratios, including the prior quarter's roll trading.
The CME Globex Messaging Policy creates fair business guidelines by which customers are billed a surcharge for overly high message rates. Under the CME Globex Messaging Policy, each clearing member firm (active or inactive clearing member firms which maintain relationships with CME Clearing) must not exceed product-specific benchmarks, tailored to the valid trading strategies of each market. CME Group calculates benchmarks based on a per-product Volume Ratio.
CME Group is currently reviewing the CME Globex Messaging Policy and information regarding any future changes will be available announced via the Globex Notices.
Please contact your Global Account Manager with any questions.
If you are interested in applying for space at CME Group's co-location facility and haven't already done so, CME Group is now accepting requests for space. Requests submitted will be reviewed on a first come, first serve basis based on available capacity at the time of the request.
Additionally, please note, if you are interested in participating in our Phase 1 launch, all contracts must be submitted by May 2, 2011.
To request legal and product related materials to review prior to April 4, or for additional information, please contact your Global Account Manager at 312-634-8700, in Europe at 44-20-7796-7100, or in Asia at 65-6593-5574.