• CME Globex Notices: May 25, 2015

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Account Management
      • #
      • 20150525
      • Notice Date
      • 25 May 2015
      • Effective Date
      • 28 May 2015
    •  

      Topics in this issue include:

       

      Critical System Updates

      CME Globex Performance Enhancements

      Starting Sunday, May 3, CME Group implemented an enhancement to futures and options markets on the CME Globex platform. In internal testing, these enhancements reduced latency on CME Globex 5% for futures markets and 10% for options on futures.

      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.

      CME Globex Performance Enhancements
      Tag1300-MarketSegmentID Market Segment Production launch
      74 Hosted Partner Exchange markets and NYMEX Emissions futures May 31
      80 NYMEX Crude Energy futures
      82 CME Eurodollar futures
      84 CBOT Treasury futures
      86 CME Europe futures

       

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      Removal of RC4 Cipher Suites

      CME Group is committed to information security. To deliver the best security and customer experience, we are eliminating support of the RC4-based cipher suites for CME Group web-based applications, APIs, and service in Certification, New Release, and Production environments.

      As of this change, customers relying on RC4 cipher suites will no longer have access to these web-based applications, APIs, and services.

      Please note: CME Group strongly encourages customers to verify connections so those environments continue to function properly.

      RC4 cipher suites support will be removed as follows:

      • Production: Saturday, June 6, 2015 at 6:00 a.m. (CT)
      Removal of RC4 Cipher Suites
      • CME Account Manager
      • AutoCert+
      • Broker to Broker
      • Broker Payment System (BPS)
      • CME Cleared Trades API
      • CME ClearPort API & GUI
      • CME ConfirmHub
      • CME Core
      • CME STP
      • CoLo Portal
      • CME Positions Systems
      • CME DataPoint
      • Deliveries Plus System
      • CME E-Bill
      • Enterprise Reporting Portal (EREP)
      • Exchange Fee System (EFS)
      • FEC, FEC+ and FEC for OTC IRS
      • Firm Admin Dashboard (FADB)
      • Firm Regulatory Portal
      • FirmSoft
      • Galax-C Admin
      • Give-Up Payment System (GPS)
      • Global Repository Services
      • Membership Portal
      • OR Web Report
      • CME Group Risk Management Tools –
        Globex Credit Controls (GC2), Risk Management Interface (RMI)
      • Settlements Firm
      • SMART Click
      • EOS Trader
      • Galax-C
      • CME Direct
      • Member Reporting System
      • IRS DMS
      • Registrar Reporting

      Customers following CME Group Web Browser Standards should not be impacted by this change. However, if customers connect through a proxy, they should ensure their proxy utilizes one or more of these CME Group supported ciphers:

      • TLS_RSA_WITH_AES_256_CBC_SHA256
      • TLS_RSA_WITH_AES_256_CBC_SHA
      • TLS_RSA_WITH_AES_128_CBC_SHA256
      • TLS_RSA_WITH_AES_128_CBC_SHA

      The change in Certification and New Release environments is complete.

       

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      Leap Second Impact

      CME Group uses Network Time Protocol (NTP) to synchronize time for CME Globex systems to maintain effective time accuracy. On Tuesday, June 30 (trade date Wednesday, July 1), a positive leap second will be added after 18:59:59 Central Time (CT).  A leap second is a one-second adjustment that is added to Coordinated Universal Time (UTC) to account for variability of the earth’s rotation.

      To facilitate the Leap Second change and prevent any issues on CME Globex systems, all CME Globex products will have a delayed open at 19:45 Central Time (CT), 19:30 CT Pre-open, on Tuesday, June 30 ( trade date Wednesday, July 1). If a CME Globex product’s regularly scheduled open is post 19:45 CT, then that product will open regularly as scheduled.

      During a leap second insertion, a UTC timestamp field will read:

      20150630-23:59:59 (18:59:59 CT)
      *20150630-23:59:59 (18:59:59 CT)
      20150701-00:00:00 (19:00:00 CT)

      CME Group systems will not send 23:59:60 timestamp, but will repeat the 23:59:59 timestamps twice.

      *Please note: A timestamp of 00:00:00 will be disseminated before reverting back to 23:59:59 timestamp.

      If the client's system submits an iLink message to CME Globex with the 23:59:60 timestamp, the message will be rejected with Session Level Reject message (tag 35-MSGType=3) with tag 58-Text= SendingTime(52) tag is not formatted properly: 20150630-23:59:60.000.

      For more information, a Frequently Asked Questions (FAQ) guide is now available.

       

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      Update - MDP 3.0 Migration Schedule

      Denotes update to the article

      On Sunday, December 7, 2014, CME Group completed the launch of Market Data Platform (MDP) 3.0, a low latency and direct data access solution designed to improve customers' ability to process and act on real-time price information.

      Currently, both FIX/FAST and MDP 3.0 are considered to be "Feeds of Record." In case of market data failures, markets may be halted for either FIX/FAST or MDP 3.0 issues. CME Group will review each event individually to determine the best response.

      In September 2015, MDP 3.0 will become the sole "Feed of Record" and markets will be halted for MDP 3.0 issues only. After this date, markets will not be halted for only FIX/FAST issues.

      CME Group recommends all customers certify for and migrate to MDP 3.0 by September 2015 as the legacy FIX FAST feed will be eliminated in October 2015.

      Important Dates
      MDP 3.0 Sole Feed of Record – All Channels September 2015
      All FIX/FAST Channels Decommissioned October 2015

      Please Note: There will be no surcharges assessed to customers due to the extended decommission window.

      The schedule for implementation of the MDP 3.0 format for the Order Routing Partner Exchanges, BM&FBOVESPA and MexDer (Mercado Mexicano de Derivados) is as follows:

      Environment BVMF MexDer
      New Release July 2015 August 2015
      AutoCert+ Test Suite Available August 2015 September 2015
      Production Parallel August 2015 September 2015

      Please Note: AutoCert+ Certification of the MDP 3.0 and Order Routing Partner Exchange (BVMF and MexDer) Test Suites are mandatory prior to receiving Market Data for each Order Routing Partner Exchange.

      TAS Pre-Validation

      Currently, order entry will be permitted in TAS (Trade at Settlement) markets as soon as the Pre-Open state message is published, regardless of whether it is received first via the FIX/FAST or MDP 3.0 feeds. As of the MDP 3.0 Feed of Record date, only the publishing of the MDP 3.0 Pre-Open state message will be valid for the start of the TAS market and TAS orders can be entered. The CME Group Market Regulation rules for TAS Transactions can be found here.

      Trade Summary Message: Order Detail Level Processing

      Enhanced Trade Summary Order Detail Level Processing specifications are now available here. CME Group strongly encourages client systems to support the dissemination of Trade Summary Order Details. Leveraging the Order Detail information provides a more granular view into trade events, access to fill information (for customers that opt to include their iLink order ID in the MDP 3.0 messages), and supports Time and Sales and charting applications.

      Additional Information

      Customer systems receiving market data via CME Globex must complete mandatory certification via AutoCert+. The functional and message specifications provide detailed information.

      Please contact your Global Account Manager with any questions or concerns in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505 for additional information.

       

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      Drop Copy 4.0 Implementation

      In Q3 2015, CME Group will introduce a new Drop Copy implementation to provide further consistency across iLink and Drop Copy. The new Drop Copy 4.0 implementation will have both functional and messaging changes.

      The new Drop Copy 4.0 implementation will include:

      • Harmonized customer experience between iLink and Drop Copy
      • New message format with encapsulated message type.
      • New supported FIX tags on Drop Copy messages - inbound and outbound
      • Harmonized resend behavior (elimination of Application Resend functionality)
      • Sequencing by market segment (see: New iLink Architecture client impact assessment)
      • Robust fault tolerance

      An updated version of the client impact assessment is now available. The updates include additional details regarding functionality and messaging in the Drop Copy 4.0 Overview section.

      The existing implementation of Drop Copy will be phased out on a date to be published in the CME Globex Notices. All customers leveraging the Drop Copy service must be certified for Drop Copy 4.0 by that date.

      With the new implementation, the Drop Copy service will have a new session model where customers will have access to two types of target sessions:

      • Drop Copy Convenience Gateway (CGW) target session - consumers manage sequence streams from Convenience Gateway iLink source sessions across all market segments.
      • Drop Copy Market Segment Gateway target session - consumers manage sequence streams from Market Segment Gateway iLink source sessions per unique market segment; with the possibility of having the same sequence numbers from multiple market segments.

      To facilitate migration to the new Drop Copy service, CME Group will support a parallel feed. Traffic from Convenience Gateway source sessions will be available via their current Drop Copy IPs and ports and via the new Drop Copy 4.0 IPs and ports. Certification is required for production access to Drop Copy 4.0. Please coordinate your migration with your CME Group Account Manager.

      Upon completion of the Drop Copy 4.0 certification, customers can request Drop Copy CGW and/or Drop Copy MSGW target sessions.

      Certification and New Release Drop Copy sessions will be re-issued by your to Global Account Manager upon customer request.

      Drop Copy 4.0 is available in New Release for customer testing. A new Drop Copy 4.0 certification suite is available in AutoCert+. Customer systems leveraging the Drop Copy service must complete this mandatory certification.

      For more information, a Frequently Asked Questions (FAQ) guide is now available.

      Please contact your Global Account Manager with any questions or concerns in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505 for additional information.

       

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      New iLink Architecture

      In Q4 2015, CME Group will launch Phase 2 of the new iLink Architecture, which will implement Market Segment Gateways throughout the iLink infrastructure, to provide:

      • FIFO ordered message handling per market segment, and
      • Elimination of variability associated with multiple sessions across multiple gateways.

      All customers are encouraged to review the new iLink Architecture Client Impact Assessment.

      The Phase 2 launch will allow customers to access the Market Segment Gateways directly and introduce a new session ID model, messaging and functionality changes. Customers may choose to access CME Globex markets through the MSGWs or the current Convenience Gateways (CGWs), which will continue to be supported and will route through the MSGWs.

      Phase 2 will be launched over several weekends. Prior to each launch weekend, CME Group will conduct a mock trading session. MSGWs is available in New Release for customer testing. A new MSGW certification suite will be available in AutoCert+ in Summer 2015. More specific information about the MSGW certification suite and production launch schedules will be published in the CME Globex Notices. Customer systems who want to connect directly to the MSGW must complete this mandatory certification.

      Details on the new iLink Architecture roadmap can be found online. For an overview of the new iLink architecture, please review the iLink Architecture webinar.

      Please contact your Global Account Manager with any questions or concerns in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505 for additional information.

       

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      New iLink Failover Process

      In Q3 2015, CME Group will introduce a new iLink failover process to improve customers’ ability to recover from a CME Globex component failure.

      When a CME Globex component fails over from the primary to backup instance, customer iLink messages will be rejected with Session Level Reject (tag 35=3) messages including tag 58=Technical Error - Market Segment: <MarketSegmentID> is not available at this time. After the backup instance is up, order entry will be allowed again.

      Currently, messages sent during failover are not guaranteed to be acknowledged by CME Globex. This new iLink Failover Process change will affect all iLink sessions.

      Detailed information including this failover behavior change is now available online.

      The new iLink failover process currently available for customer testing in New Release.

      Further details on the launch schedule will be published in future CME Globex Notices.

       

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      iLink Session ID Policy and Operational Guidelines

      As a result of the upcoming iLink Architecture with Market Segment Gateways, CME Group plans to introduce a new policy for the distribution and management of iLink session IDs as explained in the iLink Session ID Policy and Operational Guidelines.

      Please refer to the CME Globex Notices for more information about MSGW functionality and when the new policy for iLink session IDs will take effect.

      To ease and ensure a successful migration to the revised iLink Session Policy, clearing and executing firms are encouraged to contact their Global Account Manager with any questions.

       

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      Product Launches

      CME Europe Fertilizer Futures

      Effective this Sunday, May 31 (trade date Monday, June 1), CME Europe will list the following Fertilizer futures for trading on CME Globex and clearing submission via CME ClearPort.

      CME Europe Fertilizer Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Urea (Granular) FOB US Gulf Futures FNE FE
      UAN FOB NOLA Futures FUE FE
      Urea (Granular) FOB Egypt Futures FEY FE
      Urea (Prilled Bulk) FOB Yuzhny Future FKE FE
      Urea (Granular) FOB Middle East Futures FME FE
      Urea (Prilled) FOB China Futures FCE FE

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

      These contracts are listed on, and subject to, the rules of UK RIE CME Europe Ltd.

       

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      CME Europe European Power Cash Settled Futures

      Effective Sunday, June 14 (trade date Monday, June 15), CME Europe will list the following European Power Cash Settled futures for trading on CME Globex and clearing submission via CME ClearPort.

      CME Europe European Power Cash Settled Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      German Power Baseload (EPEX Spot) Calendar Month Future GPB PO
      German Power Peakload (EPEX Spot) Calendar Month Future GPP PO
      French Power Baseload (GME) Calendar Month Future FPB PO
      French Power Peakload (GME) Calendar Month Future FPP PO
      Italian Power Baseload (GME) Calendar Month Future IPB PO
      Italian Power Peakload (GME) Calendar Month Future IPP PO
      Spanish Power Baseload (OMIE) Calendar Month Future SBP PO
      Spanish Power Peakload (OMIE) Calendar Month Future SPP PO

      These products will be available for customer testing in New Release on Monday, June 1.

      These contracts are listed on, and subject to, the rules of UK RIE CME Europe Ltd.

       

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      Trading at Settlement (TAS) for Agricultural Futures

      Effective Sunday, June 14 (trade date Monday, June 15), pending regulatory review, TAS (Trading at Settlement) futures and calendar spreads will be listed for trading on CME Globex for Agricultural futures.

      Trading at Settlement (TAS) for Agricultural Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Soybean TAS SBT TA
      Soybean Oil TAS ZLT TA
      Soybean Meal TAS ZMT TA
      Corn TAS ZCT TP
      Chicago SRW Wheat TAS ZWT TW
      KC HRW Wheat TAS KET TW
      Live Cattle TAS LET TH
      Feeder Cattle TAS GFT TH
      Lean Hogs TAS HET TH

      Customers must use a Phase 1 MSGW iLink session to enter TAS orders during the first five minutes of the pre-open; after the first five minutes all iLink sessions can enter orders. Please contact your Clearing Firm to request a Phase 1 MSGW session.

      Please note: these products and spreads are not cabinet price eligible, but the outright futures will contain a non-zero value in the FIX/FAST Security Definition messages (tag 35=d), tag 9850-MinCabPrice. MDP 3.0 Security Definition messages will correctly reflect cabinet ineligibility in tag 9850.

      These TAS products will be available in New Release for customer testing on Monday, June 1.

      These contracts are listed with, and subject to, the rules of CME and CBOT.

      Additional information on TAS Agricultural futures is available at  cmegroup.com/agtas.

      Please contact your Global Account Manager with any questions or concerns in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505 for additional information.

       

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      CME Europe Cocoa Options

      Effective Sunday, June 28 (trade date Monday, June 29), CME Europe will list the following Cocoa options for trading on CME Globex and clearing submission via CME ClearPort.

      CME Europe Cocoa Options
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Cocoa Option CEY JY (Outrights)
      JZ (UDS)

      The CME Europe Cocoa Options Market Data will be disseminated on the following new Market Data Channels:

      Channel Name FIX/FAST MDP 3.0
      CME Europe Globex Options 71 411

      The config.xml files with the source and multicast IP addresses will be available in both New Release and Production on Sunday, May 31.

      This product will be available for customer testing in New Release on Monday, June 15.

      This contract is listed on, and subject to, the rules of UK RIE CME Europe Ltd.

       

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      Product Changes

      New - Changes to Circuit Breaker Monitoring Period for NYMEX Energy Futures

      Effective this Sunday, May 31 (trade date Monday, June 1), the circuit breaker monitoring period will be reduced for the following energy futures, pending regulatory review periods.

      NYMEX Energy Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      Light Sweet Crude Oil Futures CL
      NY Harbor ULSD Futures HO
      RBOB Futures RB
      Henry Hub Natural Gas Futures NG
      Henry Hub Natural Gas Last Day Physically-Delivered Futures MNG

      For more details, please refer to the Special Executive Report (SER).

      FIX/FAST

      Customers are strongly encouraged to utilize the FIX/FAST Security Status (tag 35-MsgType=f) messages to obtain the daily price limits (tag 332-HighPx; tag 333-LowPx) to avoid the rejection of orders that breach price limit thresholds.

      Customers may also obtain the daily price limits from the Security Definition (tag 35-MsgType=d, tag 1149-HighLimitPrice and 1148-LowLimitPrice) messages on the instrument replay feed.

      MDP 3.0

      Customers may obtain daily price limits, included as tag 1149-HighLimitPrice and 1150-LowLimitPrice, from any of the following messages:

      • Market Data Incremental Refresh (tag 35-MsgType=X)
      • Security Definition (tag 35-MsgType=d,)
      • Market Data Snapshot Full Refresh (tag 35-MsgType=W) in the Market Recovery Feed

      If you have any questions, please contact the CME Global Command Center in U.S. at 800 438 8616, in Europe at 0800 898 013 or in Asia at 65 6532 5010.

       

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      Dairy Futures Strips Change

      To better meet market needs, dairy futures strips on CME Globex will be traded at the average of the leg prices; currently, dairy futures strips are traded at the sum of the leg prices.

      To facilitate this new trading convention, effective this Sunday, May 31 (trade date Monday, June 1), the following dairy strips will be delisted from CME Globex:

      Dairy Futures Strips Change
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 762-SecuritySubType
      Cash-Settled Butter Futures CB CB FS (Future Strips)
      Non-Fat Dry Milk Futures GNF DC FS (Future Strips)
      Class III Milk Futures DC DC FS (Future Strips)
      Class IV Milk Futures GDK DC FS (Future Strips)
      Cash-Settled Cheese Futures CSC DY FS (Future Strips)
      Dry Whey Futures DY DY FS (Future Strips)

      Effective Sunday, June 7 (trade date Monday, June 8), the following dairy average price strips spreads will be listed for trading on CME Globex for all possible leg combinations up to 18 legs:

      Futures Strip Spreads for Dairy Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 762-SecuritySubType
      Cash-Settled Butter Futures CB CB SA (Average Price Strip)
      Non-Fat Dry Milk Futures GNF DC SA (Average Price Strip)
      Class III Milk Futures DC DC SA (Average Price Strip)
      Class IV Milk Futures GDK DC SA (Average Price Strip)
      Cash-Settled Cheese Futures CSC DY SA (Average Price Strip)
      Dry Whey Futures DY DY SA (Average Price Strip)

      These changes are currently available in New Release for customer testing.

      These contracts are listed on, and subject to, the rules and regulations of CME.

       

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      FIX tag Changes for CME Europe Cocoa Financial Futures

      Effective this Sunday, May 31 (trade date Monday, June 1), the values in the following FIX tags will be changed for Cocoa Financial futures:

      • tag 55-Symbol for FIX/FAST, and
      • tag 1151-SecurityGroup for MDP 3.0
      FIX tag Changes for Cocoa Financial Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      (Current)
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      (New)
      Cocoa Financial Futures CCC JX EC

      This change is currently available in New Release for customer testing.

       

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      Implied Functionality for CME Europe FX futures

      Effective this Sunday, May 31 (trade date Monday, June 1), implied functionality will be enabled for the following CME Europe FX futures:

      Implied Functionality for CME Europe FX futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      AUD/USD Futures AUD JA
      GBP/USD Futures GBP JP
      EUR/USD Futures EUS JE
      EUR/GBP Futures EBP JF
      NZD/USD Futures NZD JH
      USD/CAD Futures CAD JC
      USD/JPY Futures JPY JI
      USD/CHF Futures CHF JS
      EUR/CHF Futures ESI JN
      EUR/JPY Futures EJY JJ
      USD/MXN Futures MXN JM
      USD/CNH Futures UCH JT
      USD/RUB Futures RUB JG

      This change is currently available in New Release for customer testing.

      These contracts are listed with, and subject to, the rules and regulations of CME Europe.

       

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      Changes to DME Oman Crude Oil Financial Futures

      Effective this Sunday, May 31 (trade date Monday, June 1), pending regulatory approval, the following changes will be made to the Dubai Mercantile Exchange (DME) Oman Crude Oil Financial futures:

      • The contract size will be reduced from 1,000 barrels to 100 barrels. With this change, the value in FIX tag 1147-UnitOfMeasureQty will be modified as follows:
      Changes to DME Oman Crude Oil Financial Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 1147-UnitofMeasureQty
      (Current)
      tag 1147-UnitofMeasureQty
      (New)
      DME Oman Crude Oil Financial Futures ZGD DE 1000 100
      • The last trading day for the Oman Crude Oil Financial futures contract (ZGD) will be modified from the second to last business day of the 2nd month before the contract month to the last business day of the 2nd month before the contract month.
      • The following inter-commodity spreads will be delisted:
        • CL-ZGD
        • BZ-ZGD

      To facilitate these changes, customers are asked to cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for the impacted futures after their close on Friday, May 29. After 16:00 CT on Friday, May 29, all remaining GTC and GTD orders for these futures will be cancelled by the CME Group Global Command Center (GCC).

      This change is currently available in New Release for customer testing.

      These contracts are listed with, and subject to, the rules and regulations of the Dubai Mercantile Exchange (DME).

       

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      Additional Eurodollar Calendar Spreads

      Effective this Sunday, May 31 (trade date Monday, June 1), additional Eurodollar calendar spreads will be listed on CME Globex as follows:

      • 30 tenth-quarter calendar spreads
      • 29 eleventh-quarter calendar spreads
      • 28 twelfth-quarter calendar spreads
      • 24 sixteenth-quarter calendar spreads
      Additional Eurodollar Calendar Spreads
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 762-SecuritySubType
      Eurodollar  Futures GE GE SP (Standard Calendar Spread)

      This change is currently available in New Release for customer testing.

      These contracts are listed on, and subject to, the rules and regulations of CME.

       

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      Maximum Order Quantity Change for Silver Calendar Spreads

      Effective this Sunday, May 31 (trade date Monday, June 1), the maximum order quantity for Silver futures calendar spreads will be increased as follows:

      Maximum Order Quantity Change for Silver Calendar Spreads
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Maximum Quantity
      (Current)
      Maximum Quantity
      (New)
      Silver Futures Calendar Spreads Futures SI SI 999 2,499

      The maximum order quantity for instruments are listed on CME Globex in tag 1140-MaxTradeVol, in the Security Definition (tag 35=d) message.

      This change is currently available in New Release for customer testing.

       

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      Minimum Price Increment Changes to EUA Futures and Options

      Effective this Sunday, May 31 (trade date Monday, June 1), the minimum price increment for the following European Union Allowance futures and options will be change from 0.01 to 0.0025. With this change, tags 969-MinPriceIncrement and 9787-DisplayFactor will be modified as follows:

      Minimum Price Increment Changes to EUA Futures and Options
      Product Name
      FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 969- MinPriceIncrement
      (Current)
      tag 969- MinPriceIncrement
      (New)
      tag 9787-DisplayFactor
      (Current)
      tag 9787-DisplayFactor
      (New)
      Daily European Union Allowance (EUA) Futures EUL VE 1 25 0.01 0.0001
      In Delivery Month European Union Allowance (EUA) Futures EAF VX 1 25 0.01 0.0001
      In Delivery Month European Union Allowance (EUA) Options EAX GY 1 25 0.01 0.0001
      In Delivery Month European Union Allowance (EUA) Serial Options 9G GY 1 25 0.01 0.0001

      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 options after their close on Friday, May 29. After 16:00 CT on Friday, May 29, all remaining GTC and GTD orders for these futures and options will be cancelled by the CME Group Global Command Center (GCC).

      This change is currently available in New Release for customer testing.

      These contracts are listed with, and subject to, the rules and regulations of NYMEX.

       

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      New - Energy Listing Cycle Expansion: Part 3

      Starting Tuesday, June 2, pending regulatory approval, the listing cycle for 149 energy futures will be expanded on CME Globex. Detailed information on the new listing rules is available online.

      These contracts are listed with, and subject to, the rules and regulations of NYMEX.

       

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      Natural Gas Listing Cycle Expansion Beyond 10 years

      Effective Thursday, June 18, pending regulatory approval, the listing cycle for the following natural gas futures will be expanded on CME Globex to support up to 13 years. With this change, CME Globex will support a 2-byte year for maturities listed beyond the first 10 years in the external instrument name, tag 107-SecurityDesc in FIX/FAST and tag 55-Symbol in MDP 3.0. The 2-byte year will remain through the life cycle of the contract.

      Natural Gas Listing Cycle Expansion Beyond 10 years
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Listing Cycle
      (Current)
      Listing Cycle
      (New)
      Henry Hub Penultimate NP Futures NPG HX The current year plus the next 8 years The current year plus the next twelve years. A new calendar year will be added following the termination of trading in the December contract of the current year.
      Henry Hub Natural Gas Last Day Financial Futures NN NG 118 consecutive maturities The current year plus the next twelve years.
      Henry Hub Natural Gas Last Day Physically-Delivered Futures MNG NG 118 consecutive maturities The current year plus the next twelve years.
      Henry Hub Natural Gas Futures NG NG 118 consecutive maturities The current year plus the next twelve years.

      This change is currently available in New Release for customer testing.

      These contracts are listed with, and subject to, the rules and regulations of NYMEX.

       

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      Minimum Tick Increment Change to Japanese Yen/U.S. Dollar (JPY/USD) Futures

      Effective Sunday, June 21 (trade date Monday, June 22), and pending all relevant CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will reduce the minimum tick increment of the Japanese Yen/U.S. Dollar (JPY/USD) futures contract from $0.000001 to $0.0000005. With this change, tag 969-MinPriceIncrement will be modified as follows:

      Minimum Tick Increment Change to Japanese Yen/U.S. Dollar (JPY/USD) Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 969-MinPriceIncrement
      (Current)
      tag 969-MinPriceIncrement
      (New)
      tag 9787-DisplayFactor
      Japanese Yen/U.S. Dollar (JPY/USD) futures 6J 6J 1 .5 0.000001

      To facilitate these changes, customers are asked to cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for the impacted futures contract after their close on Friday, June 19. After 16:00 CT on Friday, June 19, all remaining GTC and GTD orders for these futures will be cancelled by the CME Global Command Center (GCC).

      These changes are currently available in New Release for customer testing.

      These contracts are listed on, and subject to, the rules and regulations of CME.

       

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      Events and Announcements

      iLink Session ID Policy and Operational Guidelines

      As a result of the upcoming iLink Architecture with Market Segment Gateways, CME Group plans to introduce a new policy for the distribution and management of iLink session IDs as explained in the iLink Session ID Policy and Operational Guidelines.

      Please refer to the CME Globex Notices for more information about MSGW functionality and when the new policy for iLink session IDs will take effect.

      To ease and ensure a successful migration to the revised iLink Session Policy, clearing and executing firms are encouraged to contact their Global Account Manager with any questions.

       

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