	August 4, 2009

Topics include:

	Live Webinar! WTI Quarterly Update: A Fundamentals Analysis
	Update – Notification of Listing of Eleven Natural Gas Basis Option Contracts
	Implied Functionality Changes for Energy Futures
	Request for Cross Eligibility for NYMEX and COMEX Options
	Energy Update - Archive

Live Webinar! WTI Quarterly Update: A Fundamentals Analysis

Wednesday, August 5, 2009
8:00 a.m. and 3:00 p.m. EST
Attend Online Only

Please join Bob Levin, Managing Director of CME Group Energy Research and Product Development, as he discusses the continuing role of WTI as the leading global crude oil benchmark.

Topics covered will include:
•  Fundamentals
•  Inventories
•  Hedging
•  Market responsiveness

Update – Notification of Listing of Eleven Natural Gas Basis Option Contracts

Our July 23, 2009 Energy Update advised that on Sunday, August 2, for trade date Monday, August 3, the Exchange, Inc. will dually list for trading on the New York trading floor and for clearing through CME ClearPort, eleven financially settled basis option contracts on delivery locations as listed below.

Please be advised that the first listed contract month will be the September 2009 delivery month rather than the August 2009 delivery month as previously reported.

Contract	Chapter	Code	Underlying Futures
Henry Hub Basis Option	509b	5E	HB
Houston Ship Channel Basis (Platts IFERC) Option	518b	5F	NH
SoCal Basis Option	520b	5M	NS
Northwest Pipeline, Rockies Basis Option	524b	5L	NR
Panhandle Basis Option	525b	5K	PH
Michigan Consolidated Gas Basis Option	619b	4W	NF
Texas Eastern Zone M-3 Basis Option	621b	5N	NX
Columbia Gas Transmission Corp. Appalachia (TCO) Basis (Platts IFERC) Option	622b	5D	TC
Natural Gas Pipeline Co. of America (NGPL) TexOk Basis Option	625b	5H	PD
Natural Gas Pipeline Co. of America (NGPL) Mid-Con Basis Option	629b	5G	NL
Waha Basis Option	634b	5O	NW

The balance of the listing information remains unchanged.

For a complete list of contract specifications, click here.

Should you have any questions or require any further information, please contact Bob Biolsi at (212) 299-2610.

Implied Functionality Changes for Energy Futures

Effective Sunday, August 2, 2009, implied functionality for all energy futures contracts in the CL group (tag 55-Symbol=CL) are available for the first 12 months only. Currently, implied functionality for these products is supported for the first 24 months.

The following products are listed in the CL group:

Brent Crude Oil Last Day (tag 1151-SecurityGroup=BZ)
Crude Oil (CL)
Heating Oil (HO)
Gulf Coast Gasoline (LR)
Gulf Coast ULS Diesel (LU)
NY Harbor ULS Diesel (LH)
NYMEX Ethanol (QEN)
RBOB (RB)
Russian Export Blend Crude Oil (REBCO) (RE)

Each implied instrument listed on CME Globex is identified in the Security Definition (tag 35-MsgType=d) message in tag 1144-ImpliedMarketIndicator=3.

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

Request for Cross Eligibility for NYMEX and COMEX Options

Effective Sunday, August 16, 2009 (trade date Monday, August 17), all NYMEX and COMEX options listed on CME Globex will become eligible for Cross order submission using the Request for Cross (RFC) functionality. RFC requires the submission of the New Order Cross (FIX tag 35-MsgType=s) message for a Cross trade.

In addition to the technical requirements, the regulatory requirements and process will be implemented.

More information is available in the Regulatory Advisory.

Cross order eligibility is defined in positions 789, RFC Eligible Flag, and 800, RFQ for Cross Eligible Flag.

For more information please review the Cross Order section of the Options module of the iLink SDK.

These products with RFC eligibility are available for customer testing in New Release as of Monday, August 3. Customer applications are required to certify for the New Order Cross message before submitting cross orders in production. Please contact your trading application provider for more information.