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Phone: 312-930-2316
Toll Free: 800-331-3332
E-mail: info@cmegroup.com

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FX Newsletter
 
IR NEWSLETTER

November 2008

Topics in this issue include:

Record Quarter for CME Group FX Products
CME Group Expands Emerging Markets Currency Futures Suite
Update Your Bookmark to CME E-quivalents
Reduced AUM Requirement for FX CTA/Hedge Fund Pilot Program
New Platform for FX Classes
Upcoming FX Conferences
Introducing the NEW CME E-quotes
Financial Safeguards Seminar: The Best Risk Management Starts With Security
CME Globex Updates

 

Record Quarter for CME Group FX Products

In the third quarter, CME Group FX set a record with an average daily notional value of $97 billion, up 24 percent with an average volume record of 710,000 contracts traded per day.

View more highlights and records in the second edition of the FX Quarterly Report which also includes information on:

  • Average Daily Volume (ADV)
  • Notional Value
  • Open Interest
  • Pricing and Volatility

 View FX Quarterly Report

CME Group Expands Emerging Markets Currency Futures Suite

On Wednesday, October, 22, 2008, CME Group announced plans to launch Turkish lira futures contracts denominated in both U.S. dollars (USD/TRY) as well as euros (EUR/TRY) in the first quarter of 2009. With the addition of these new products, we’re able to expand our emerging market currency pair offering for market participants and offer increased access to the Eurasia region. CME Group FX will be a marketplace offering trading in 20 currencies, 43 currency pairs and 31 options pairs. The new contracts will trade exclusively on the CME Globex electronic trading platform.

 Learn more about our Turkish Lira futures contract
 Learn more about the New Trading Opportunities from Emerging Markets

Update Your Bookmark to CME E-quivalents

CME E-quivalents is a free Web-based application that displays real-time FX prices in spot equivalent terms for all 43 FX futures products.* The application makes FX futures markets more easily accessible to traders accustomed to the pricing format of the FX spot markets and enables traders to compare the spot-equivalent FX futures price with the spot market price to determine which market has tighter spreads and deeper liquidity.

It also offers:

  • Pricing for American- and European-style options and volatility options on futures in CAD/USD, CHF/USD, EUR/USD, GBP/USD and JPY/USD
  • Live quotes for three currency pairs per page
  • Top five bids and offers in spot market convention
  • Forward rate quotes

 Add CME E-quivalents to your bookmarks – www.cmegroup.com/e-quivalents
 Please note: If you already have this page bookmarked and have been experiencing issues with viewing CME E-quivalents, please update your bookmark with this link: www.cmegroup.com/e-quivalents

* CME Group will offer 43 futures contracts after the launch of the Turkish lira futures contracts (USD/TRY and EUR/TRY) by the end of Q1 2009.

Reduced AUM Requirement for FX CTA/Hedge Fund Pilot Program

Please note qualifications for this program have been modified. The assets under management (AUM) requirement has decreased from $2 billion to $1 billion. The FX CTA/Hedge Fund Pilot Program is a cost-efficient way for hedge funds and CTAs to access the over $100 billion in CME Group’s daily FX liquidity.

 Learn more about why CME Group FX is right for hedge funds

New Platform for FX Classes

Take a look at our new online education opportunities for FX market participants. Go to academy.cmegroup.com and see the choices available. All classes are free of charge, and require only that you register. This course:

  • Includes market dynamics, market operations, FX futures, technical analysis, fundamental analysis, behavioral finance/trading psychology
  • Features videos, online lectures and strategy/white papers from traders, market experts and academics from around the world
  • Is Web-based, which makes it easy to access it from virtually anywhere in the world
  • Has a modular format, which allows you to learn at your own pace and focus on the topics most important to you

 Sign up for the FX Free online course

Upcoming FX Conferences

 FX Week, London, November 18
 Traders Expo, Las Vegas, November 19-22

Introducing the NEW CME E-quotes

Real-time market data. Anytime. Anywhere.

The new CME E-quotes is a revolutionary software application offering world-class charting and analytics, real-time quotes and news on CME Group traded products. The next generation of CME
E-quotes desktop software is now available with access to data and quotes for:

  • Chicago Mercantile Exchange (CME)
  • Chicago Board of Trade (CBOT)
  • New York Mercantile Exchange (NYMEX)
  • Commodities Exchange (COMEX)
  • Kansas City Board of Trade (KCBOT)
  • Minneapolis Grain Exchange (MGE)

Plus gain access to any of the Dow Jones Commodity NewsWires, customizable Quote Monitors with Live Quote Link to an Excel spreadsheet (DDE), advanced Option Chain Monitors, Market Depth, Time & Sales, and more.

CME E-quotes customizable packages offer a great combination of sophistication, usability, performance and price.

 Learn more about the new CME E-quotes and sign up today for a free two-week trial

Financial Safeguards Seminar: The Best Risk Management Starts With Security

At a time of unprecedented uncertainty in financial markets, CME Group provides confidence by offering competitive, transparent and secure FX futures and options markets.

Learn more about how CME Clearing and its financial safeguards package provide you with the security and confidence they need to operate, invest and grow – especially in times of crisis – through our online seminar with Kim Taylor, Managing Director and President, CME Clearing.

Walk through additional benefits of CME Clearing's performance guarantee, such as:

  • Price transparency
  • Twice daily mark-to-market
  • Segregation of customer funds

 View CME Clearing Seminar with Kim Taylor

CME Globex Updates
FIX/FAST Migration Deadline Extended

In light of recent market events and to facilitate the migration for our customers, CME Group is extending the original October FIX/FAST migration deadline to November 14, 2008. As a result, customers must complete their migration to FIX/FAST from the legacy RLC format market data by November 14, 2008. Please note, those customers that fail to migrate by this date will be surcharged retroactively back to the original deadline of October 17, 2008, which was announced in October 2007.

The support surcharges schedule remains as previously communicated. Surcharges will accrue beginning the week of October 20, but will be assessed only if the customer has not migrated to FIX/FAST by Sunday, November 16.

  • $2,000 per week in October
  • $4,000 per week in November
  • $6,000 per week in December

The legacy RLC format market data will be eliminated no later than December 26, 2008. Please note that we cannot extend RLC broadcast beyond the December deadline, due to internal system dependencies. The FIX/FAST Software Development Kit, including Market Data Platform channel definitions and reference code, is available online.

The mandatory certification for FIX/FAST can be completed through AutoCert+ in Certification. More information is available in the AutoCert+ User Guide. FIX/FAST is currently available for customer testing in the New Release and Certification environments.

 Click here for FIX/FAST Software Development Kit
 Click for AutoCert+ User Guide
 Contact your CME Globex Account Manager at 312-634-8700 for more information