• CME Globex Notices: May 16, 2016

      • To
      • CME Globex and Market Data Customers
      • #
      • 20160516
      • Notice Date
      • 16 May 2016

    • Topics in this issue include:

       

      Critical System Updates

      AutoCert+ SMART Click Integration

      Effective Friday, May 27, all AutoCert+ access will migrate to SMART Click and legacy user IDs and passwords will be decommissioned.

      Currently, AutoCert+ users have the ability to migrate their existing AutoCert+ Login ID to SMART Click.

      A single SMART Click ID can be used to claim all the users existing AutoCert+ Login ID’s. Claiming legacy AutoCert+ ID’s will consolidate the user’s entitlements associated with the legacy AutoCert+ ID’s under one SMART Click ID.

      All AutoCert+ users need to begin the claim process with a registered SMART Click ID.

      • Current users with a SMART Click ID can begin the SMART Click claim process now.
      • New AutoCert+ users create a SMART Click ID prior to accessing AutoCert+

      If you have questions, please contact Certification Support for Electronic Trading (CSET) in the U.S. at +1 312 930 2322, in Europe at +44 20 3379 3803, or in Asia at +65 6593 5593.

       

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      Streamlined SBE Market Data Protocol

      Starting Sunday, June 12 (trade date Monday, June 13), CME Group will introduce Streamlined Simple Binary Encoding (SBE) market data protocol. Streamlined SBE will replace the existing streamlined FIX/FAST market data protocol to align the market data protocol with MDP 3.0 encoding format.

      Please refer to the table for the implementation schedule and client impact assessments.

      Streamlined SBE Market Data Protocol
      SBE Feed Production New Release Client Impact Assessment Availability
      Blocks June 12 Available Blocks Streamlined Conversion to SBE
      Equity Indices - S&P & Dow Jones July 10 May 29 Equity Indices Streamlined Conversion to SBE
      Equity Indices - Bloomberg July 24 June 12 Equity Indices Streamlined Conversion to SBE
      Eris August 7 June 26 TBD
      OTC-EOD August 21 July 10 TBD

      A new SBE config.xml file for production is now available for customer download from CME Group FTP site.

      On Monday, May 23, a new Streamlined SBE schema will be launched for New Release. This new schema file will include support for Equity Indices, Eris and OTC-EOD.

      Customer systems receiving market data via Streamlined SBE must complete a mandatory certification suite for each market type.

      Additional details on each streamlined SBE conversions will be announced in future Globex Notices.

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      Legacy Drop Copy Decommission

      Effective end of day Friday, July 1, legacy Drop Copy will be decommissioned for all users.

      Starting Sunday, May 29, legacy Drop Copy clients who continue to use the service will be charged $5,000 †per Drop Copy Service customer.

      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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      Update - iLink Session ID Policy and Operational Guidelines

      † Denotes update to the article

      In 2015, CME Group introduced a new policy for the distribution and management of iLink session IDs as explained in the Update iLink Session ID Policy and Operational Guidelines. Now that rollout of the Market Segment Gateways is complete, that policy is being updated as noted below.

      † Please see important iLink Session Policy dates:

      • Monday, June 6, 2016 - the MSGW iLink session ID allocation limitation will be increased from 50% to the full 100%. Registered Firm Administrator Dashboard (FADB) users can view the new MSGW iLink session ID allocations in the FADB.
      • Friday, July 1, 2016 -iLink session IDs that fail to meet the minimum monthly volume thresholds for the month of July will be subject to the Monthly Inactivity Charge (MIC). Inactive iLink session IDs must be deleted on or before July 29th to avoid the MIC.
      • Friday, July 8, 2016 - all traded-in CGW iLink session IDs will be deleted and no longer available for use.

      Please contact your Global Account Manager with any questions.

       

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      New - MDP 3.0 Schema Update

      Starting on Sunday, September 25 (trade date Monday, September 26) CME Group will begin implementing new MDP 3.0 SBE schema files to support the upcoming Market by Order, Triangulation and Consolidated Fills initiatives on CME Globex. For more information regarding these initiatives, please see the CME Group Customer Forum. With the new MDP 3.0 SBE schema release, CME Group expects up to a 10% bandwidth increase per market data channel.

      In order to ease customer development efforts, the new SBE schema files will support Template Extension. CME Group recommends that the new Schema file be downloaded and implemented on the production launch date for each channel.

      Schema Channel Launch Schedule
      Channels Production New Release
      314 - CME Globex FX Futures
      315 - CME Globex FX Options
      316 - CME Globex Commodity Futures
      317 - CME Globex Commodity Options
      320 - CME Globex FX Futures II
      321 - CME Globex FX Options II      		 September 25, 2016 June 6, 2016
      310 - CME Globex Equity Futures
      311 - CME Globex Equity Options
      312 - CME Globex Interest Rate Futures
      313 - CME Globex Interest Rate Options
      318 - CME Globex Equity Futures - excludes E-mini S&P 500
      319 - CME Globex Equity Options - excludes E-mini S&P 500      		 October 2, 2016 June 6, 2016
      384 - NYMEX Globex Metals, Softs, & Alternative Market Futures
      385 - NYMEX Globex Metals, Softs, & Alternative Market Options
      360 - COMEX Globex Futures
      361 - COMEX Globex Options
      380 - NYMEX Globex Emissions Futures
      381 - NYMEX Globex Emissions Options
      440 - DME Globex Futures
      441 - DME Globex Options
      		 October 2, 2016 June 13, 2016
      382 - NYMEX Globex Crude & Crude Refined Futures
      383 - NYMEX Globex Crude & Crude Refined Options
      386 - NYMEX Globex Nat Gas & other Non-Crude Energy Futures
      387 - NYMEX Globex Nat Gas & other Non-Crude Energy Options
      410 - CME Europe Globex Futures
      411 - CME Europe Globex Options      		 October 23, 2016 June 13, 2016
      340 - CBOT Globex Commodity Futures
      346 - CBOT Globex Commodity Futures II
      341 - CBOT Globex Commodity Options
      460 - MGEX Globex Futures
      461 - MGEX Globex Options      		 January 8, 2017 June 20, 2016
      342 - CBOT Globex Equity Index Futures
      343 - CBOT Globex Equity Index Options
      344 - CBOT Globex Interest Rate Futures
      345 - CBOT Globex Interest Rate Options      		 January 8, 2017 June 20, 2016
      430 - BMD Globex Futures
      431 - BMD Globex Options
      450 - KRX Globex Futures      		 January 15, 2017 June 20, 2016

      To support the new schema rollout the CME FTP site will be updated as follows:

      New Release: ftp://ftp.cmegroup.com/SBEFix/NRCert/Templates/
      Schema Version Current State June 5, 2016 Final State on June 18, 2016
      V6 Templates_FixBinary.xml Templates_FixBinary_v6.xml n/a
      V7 Templates_FixBinary_v7.xml Templates_FixBinary.xml Templates_FixBinary.xml
      Production: ftp://ftp.cmegroup.com/SBEFix/Production/Templates/
      Schema Version August 28, 2016 August September 24, 2016 Final State on January 15, 2017
      V6 Templates_FixBinary.xml Templates_FixBinary_v6.xml n/a
      V7 Templates_FixBinary_v7.xml Templates_FixBinary.xml Templates_FixBinary.xml

      Please note as of September 24, 2016, Template Archive will contain Templates_FixBinary_v6.xml.

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      Changes to BM&F BOVESPA (BVMF) Order Routing Offering

      Effective end of day Friday, October 28, order routing and market data for BM&F BOVESPA (BVMF) products will no longer be available via the CME Globex platform. Existing order routing customers to BVMF markets should contact their Brazilian broker. Customers wishing to pursue market access to BVMF markets may also contact BVMF at +55 11 2565-5000 (dial ‘0’ for English, then ‘2’ for Trading).

      Customers wishing to pursue market access to CME Group markets should contact Global Account Management in the U.S. at +312 634 8700, in Europe at +44 203 379 3754, or in Asia at +65 6593 5505.

       

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      New Functionality

      Committed Cross (C-Cross) for Futures and Swaps on CME Globex

      Effective Sunday, June 5 (trade date Monday, June 6), pending regulatory review, Interest Rate and FX futures and swaps contracts will be eligible for the Committed Cross C-Cross on CME Globex, in addition to the currently permitted crossing method in these contracts.

      Currently, the C-Cross is available for FX Interest Rate and Equity Index options on CME Globex.

      In future, the C-Cross functionality will allow Request for Cross (tag 35-MsgType=s) orders for eligible futures and swaps markets.

      A detailed description of the C-Cross functionality for futures and swaps is available in the Client Systems Wiki.

      The C-Cross functionality for futures and swaps is currently available in New Release for customer testing.

      Certification is mandatory for all customers who intend to leverage the committed cross functionality on Futures and swaps contracts.

       

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      Product Launches

      European-Style Week 3 Options on E-mini Dow Jones Industrial Average Index Futures

      Effective this Sunday, May 22 (trade date Monday, May 23), the following European-style Week 3 options on E-mini Dow Jones Industrial Average Index ($5 Multiplier) Futures will be listed for trading on CME Globex, open outcry and for submission for clearing via CME ClearPort.

      First contract to be listed as Week 3 will be the August 2016 Week 3 contract.

      Please Note: The May 2016 and July 2016 American-style serial options currently listed for trading will not be affected and will expire as regularly scheduled. No new American-style serial option months will be listed upon expiration of these option contracts.

      European-Style Week 3 Options on E-mini Dow Jones Industrial Average Index Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      European E-mini Dow  ($5) Week 3 Options YM3 OL
      American Style E-mini Dow($5) Serial Options EYM OL

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

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

       

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      European-Style Week 3 Options on E-mini NASDAQ 100 Index Futures

      Effective this Sunday, May 22 (trade date Monday, May 23), the following Week 3 European-style E-mini NASDAQ-100 options will be listed for trading on CME Globex, open outcry and for submission for clearing via CME ClearPort.

      First contract to be listed as Week 3 will be August 2016 Week 3.

      Please Note: The May 2016 and July 2016 American-style serial options currently listed for trading will not be affected and will expire as regularly scheduled. No new American-style serial option months will be listed upon expiration of these option contracts.

      European-Style Week 3 Options on E-mini NASDAQ 100 Index Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      European Style E-mini NASDAQ 100 Week 3 Options QN3 NW
      American Style E-mini NASDAQ 100 Serial Options QNE NW

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

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

       

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      Update - NYISO Lower Hudson Valley Capacity Calendar-Month Futures

      † Denotes update to the article

      Effective this Sunday, May 22 (trade date Monday, May 23), NYISO Lower Hudson Valley Capacity Calendar-Month futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      NYISO Lower Hudson Valley Capacity Calendar-Month Futures
      Product
      MDP 3.0: tag 6937-Asset      		 iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      NYISO Lower Hudson Valley Capacity Calendar-Month Futures LHV ZZ

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

      †Please view New Product Summary.

      This contract is listed with, and subject to, the rules and regulations of † NYMEX.

       

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      CBOT Treasury Invoice Swaps Calendar and Switch Spreads on CME Globex

      Effective Sunday, June 5 (for trade date Monday, June 6), pending regulatory review, Calendar Spreads and Tenor Switch spreads will be enabled for trading of Treasury Invoice Spread products on CME Globex and for Block trade submission through CME ClearPort. The newly enabled spreads will better support trading of calendar spreads and tenor switches as single, exchange defined invoice spread instrument combinations.

      Important features introduced by these new contracts are:

      • Calendar Spreads between consecutive quarterly listings of CBOT invoice spreads of the same tenor
      • Tenor Switches between Listed Invoice Spreads of different tenors with the same expiration month.
      • Support for price and quantity ratios for the Switch spreads, as with existing Treasury Intercommodity Spreads markets
      • New strategy types for Invoice Swap calendar and switch spreads
      • New external naming conventions for Invoice Swap Calendar and Switch Spreads

      Technical information is available in the CBOT Treasury Invoice Swaps Calendar and Switch Spreads Client System Impact Assessment.

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

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

       

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      Ultra 10-Year Treasury Invoice Swaps

      Effective Sunday, June 5 (trade date Monday, June 6), pending regulatory review, Ultra 10 Year Treasury Invoice Swaps will be listed for trading on CME Globex and for Block trade submission though CME ClearPort as part of Ultra Ten-Year Treasury Invoice Spreads.

      These new Treasury Invoice Spreads will also have Calendar Spreads and Tenor Switch spreads enabled for trading on CME Globex and for Block trade submission through CME ClearPort. Technical information is available in the CBOT Treasury Invoice Swaps Calendar and Switch Spreads Client System Impact Assessment.

      Ultra 10 Year Invoice Swap Spread
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Ultra 10-Year Treasury Invoice Swaps TNA, TNB, TNC, TND, TNE,TNF SX

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

      These contracts will be listed on, and subject to the rules and regulations of the CBOT.

       

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      New - Aluminum A380 Alloy (S&P Global Platts) Futures

      Effective Sunday, June 5 (trade date Monday, June 6), Aluminum A380 Alloy (S&P Global Platts) futures will be listed for trading on CME Globex.

      Aluminum A380 Alloy (S&P Global Platts) Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Aluminum A380 Alloy Platts Futures A38 ST

      These futures will be available for customer testing in New Release on Monday, May 23.

      Please view New Product Summary.

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

       

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      New - Gulf Coast ULSD (Platts) Average Price Options

      Effective Sunday, June 5 (trade date Monday, June 6), the Gulf Coast ULSD (Platts) Average Price options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Gulf Coast ULSD (Platts) Average Price Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group (UDS)
      Gulf Coast ULSD (Platts) Average Price Option GUL PC EX

      These options will be available for customer testing in New Release on Monday, May 23.

      Please view New Product Summary.

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

       

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      New - Bursa Malaysia Derivative Berhad (BMD) Tin Futures

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to list Tin futures for trading on CME Globex, in Q3 2016.

      Bursa Malaysia Derivative Berhad (BMD) Tin Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Trading Hours
      Tin Futures FTIN BN First Trading Session
      9:00 a.m. - 12:00 p.m. Malaysian Standard Time (MST)
      8:00 p.m. - 11:00 p.m. Central Time (CT)
      Second Trading Session
      1:30 p.m. -  3:00 p.m. (MST)
      12:30 a.m. - 2:00 a.m. (CT)

      These futures will be available in New Release for customer testing on Monday, May 23.

       

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      New - Bursa Malaysia Derivative Berhad (BMD) 10-year Malaysian Government Securities Futures

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to list the 10-year Malaysian Government Securities futures for trading on CME Globex, in Q3 2016.

      Bursa Malaysia Derivative Berhad (BMD) 10-year Malaysian Government Securities Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Trading Hours
      10-year Malaysian Government Securities Futures FMGA B1 First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      7:00 p.m. - 10:30 p.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 6:00 p.m. (MST)
      12:30 a.m. - 4:00 a.m. (CT)

      These futures will be available in New Release for customer testing on Monday, May 23.

       

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      Product Changes

      FIX Tag Changes for Deliverable Swap Futures (DSF) and Treasury Invoice Swaps

      Effective Sunday, June 5 (trade date Monday, June 6), the values in the following FIX tags will be changed for Deliverable Swap futures (DSF) and Treasury Invoice Swaps.

      Product Group Changes for SDF and Treasury Invoice Swaps
      Product MDP 3.0: tag 6937-Asset Current State iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 New State iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      2-Year Deliverable Interest Rate Swap Futures T1U ZT SJ
      5-Year Deliverable Interest Rate Swap Futures F1U ZF SF
      7-Year Deliverable Interest Rate Swap Futures S1U ZN S7
      10-Year Deliverable Interest Rate Swap Futures N1U ZN SN
      20-Year Deliverable Interest Rate Swap Futures E1U ZB S2
      30-Year Deliverable Interest Rate Swap Futures B1U ZU SM
      2-Year Euro-Denominated Deliverable Interest Rate Swap Futures T1E ZT SJ
      5-Year Euro-Denominated Deliverable Interest Rate Swap Futures F1E ZF SF
      10-Year Euro-Denominated Deliverable Interest Rate Swap Futures N1E ZN SN
      Two-Year Treasury Invoice Swaps  TVA, TVB, TVC ZT SR
      Five-Year Treasury Invoice Swaps  FYA,FYB, FYC ZF SA
      Ten-Year Treasury Invoice Swaps  TYA, TYB, TYC ZN SH

      Treasury Bond Invoice Swaps 

      UTA, UTB, UTC

      		 ZB S3
      Long-Term Treasury Bond Invoice Swaps  UBA, UBC, UBB ZU SZ

      The new FIX values for these contracts are currently available in New Release for customer testing.

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

       

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      FIX Tag and MDP Channel Changes for a Natural Gas CSO Combo

      Effective Sunday, June 5 (for trade date June 6), FIX tag 1151-Security Group and MDP 3.0 channel for the Natural Gas Calendar Spread Financially Settled Option 1 Month Combo will change.

      Please note: This Combo serves as a synthetic underlying product to the G4X (Natural Gas (Henry Hub) Last-day Financial 1 Month Spread Options).

      FIX Tag and MDP Channel Changes for a Natural Gas CSO Combo
      Product MDP 3.0: tag 6937-Asset Current iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 New iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current MDP 3.0 channel New MDP 3.0 Channel
      Nat Gas Fin 1 Mo Combo G8X 09 (zero 9) 08 (zero 8) 382 386

      These changes will be available in New Release for customer testing on Monday, May 16.

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

       

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      Update - Intercommodity Treasury Options User-Defined Spreads Enhancement

      † Denotes update to the article

      Effective †Sunday, July 10 (trade date Monday, July 11), CME Globex will support the creation of Intercommodity User-Defined Spreads of CBOT Treasury options with different outright minimum ticks.

      With this change, treasury options UDS will have the following features:

      • A single UDS destination group, Security Group tag 1151= T$.
      • The new intercommodity spreads will be designated in market data as a Generic (GN) spread type.
      • When a future goes into Reserve state, only the associated Treasury option outrights will pause. CBOT Treasury UDS will continue to trade.
      • The spread will assume the price characteristics of the most granular leg as follows:

      Example:

      Intercommodity Treasury Options User-Defined Spreads
        Instrument Tag 37702-MainFraction Tag 37703-SubFraction Tag 969-MinPriceIncrement Converted Minimum Tick Tag 9800- PriceDisplayFormat
      Instrument 1 OZFU6 C1210 64 2 0.0078125 .5/64 3
      Instrument 2 OZNU6 C1300 64 null 0.015625 1/64 2
      Spread
      UD:T$:GN 0505123456
      Front leg +1
      Back leg -1      		 OZFU6 C1210
      OZNU6 C1300      		 64 2 0.0078125 .5/64 3

      †Please Note: the 2-Year Treasury option outrights and UDS on CME Globex will remain unchanged

      Customers can create the new CBOT Treasury options intercommodity UDS in New Release for testing starting on Monday, May 23.

      To facilitate this launch, customers are asked to cancel all Good ‘Till Cancel (GTC) orders for all Treasury options UDS not in the T$ group after the close on Friday, June 3. After 16:00 CT on Friday, June 3, all remaining GT orders and UDS contracts for these options will be cancelled or deleted by the CME Global Command Center (GCC).

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

       

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      New - FIX tag 200 Change for MexDer Daily Dollar Contracts

      Effective Sunday, July 17 (trade date Monday, July 18), for the MexDer Mexican Peso/US Dollar Daily Futures, the Security Definition message will identify the daily maturity in FIX tag 200-MaturityMonthYear. With this change, values in tag 200 will be formatted YYYYMMDD.

      Mexican Peso/US Dollar Daily Futures
      Product iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Mexican Peso/US Dollar Daily Futures M:DA20 M:FD

      This change will be available in New Release for customer testing on Monday, June 6.

       

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      New - Changes to Bursa Malaysia Derivative Berhad (BMD) 3-year Malaysian Government Securities Futures

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to modify the trading hours for the 3-year Malaysian Government Securities futures, in Q3 2016, as follows.

      Changes to Bursa Malaysia Derivative Berhad (BMD) 3-year Malaysian Government Securities Futures
      Product
      MDP 3.0: tag 6937-Asset      		 iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Trading Hours New Trading Hours
      3-year Malaysian Government Securities futures FMG3 BI First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      7:00 p.m. - 10:30 p.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 5:00 p.m. (MST)
      12:30 a.m. - 3:00 a.m. (CT)      		 First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      7:00 p.m. - 10:30 p.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 6:00 p.m. (MST)
      12:30 a.m. - 4:00 a.m. (CT)

      With this change, the FMG3 expiration time on final trading day for the expiring month contract will be changed from 11:00 a.m. to 6:00 p.m. (MST).

      These futures will be available in New Release for customer testing on Monday, May 23.

       

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      Events and Announcements

      Update - Messaging Efficiency Program New Product Group Additions

      † Denotes update to the article

      Effective trade date Tuesday, July 5, 2016, the following product groups and levels will be added to the Messaging Efficiency Program; †however, surcharges will not take effect until trade date September 1, 2016. CME Globex firms who exceed the benchmark ratios in the new product groups and are currently signed-up to receive Messaging Efficiency Program email notifications will be informed of any theoretical surcharges via a sample email notification.

      Sector Product Group Code Product Group Description Tier #3 Ratio Tier #2 Ratio Tier #1 Ratio
      Energy OP Brent Crude Oil Last Day Financial Futures 180:1 120:1 60:1
      Equity EZ E-Mini S&P 500 Outright Options 300:1 200:1 100:1
      Equity EW E-Mini S&P 500 Weekly & Monthly Options 300:1 200:1 100:1
      Equity QZ E-Mini NASDAQ 100 Outright Options 300:1 200:1 100:1
      Equity NW E-Mini NASDAQ 100 Weekly & Monthly Options 300:1 200:1 100:1
      Equity C9 E-Mini Dow ($5) Outright Options 300:1 200:1 100:1
      Equity OL E-Mini Dow ($5) Weekly & Monthly Options 300:1 200:1 100:1

      The Product Group Benchmark Ratios are published quarterly, unless business circumstances for a particular product or product group require changes to be implemented more frequently.

      The CME Globex Messaging Efficiency Program creates fair business guidelines by which customers are billed a surcharge for overly high message rates.

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

       

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      Market by Order: Coming Soon

      To increase transparency and provide more choice to customers, CME Group will soon be enabling Market by Order (MBO) functionality in line with the current Market by Price (MBP) service for CME Globex electronic markets.

      Key Features:

      • Ability to view individual queue position and size of individual orders at a price while remaining anonymous
      • Existing channels enhanced to provide both Price and Order data on a single feed
      • Historical MBO data available following the real-time launch
      • DCM and asset class roll out model
      • Supported by CME Direct

      The new MBO functionality will be phased over several months, starting Q4 2016 through Q2 2017.

      More information is available in the CME Group Customer Forum. Technical specifications and the launch schedule will be published in the CME Globex Notice in Q3.

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

       

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CME Group is the world’s leading 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.

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