As previously announced, on Sunday, February 8, 2009 (trade date Monday, February 9), the Sunday opening time for all FX futures and future spreads on CME Globex® will be modified to 5:00 p.m. Central time (CT) from the current Sunday opening time of 3:00 p.m. CT.
In addition, there will be several enhancements introduced for FX futures and future spreads on CME Globex. The messaging and functionality impacts are documented online, and have been updated with more information on the addition of milliseconds to time stamps and order quantity for cancel confirmations.
A mock trading session will be held this Saturday to help customers prepare for this launch.
This launch will also result in significantly reduced message response times. Already among the fastest in the industry, this upgrade is expected to reduce response times by an average of 40-50%.
As a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 20%.
Please note: all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders will be deleted from CME Globex prior to the open on February 8. To allow customers a chance to re-enter GTC and GTD orders, the FX futures markets will pre-open early on Sunday, February 8, at 3:00 p.m. Central time.
Please contact Market Data Operations (MDO) at email@example.com, if you have any questions concerning this notice.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.