Topics in this issue include:
On Monday, December 4, CME Group migrated to new IPs and ports for MDP 3.0 TCP Recovery in the New Release and Certification environments.
The legacy IP and ports will be available in parallel until close of business on Friday, February 2.
| MDP 3 TCP Recovery IPs and Ports for New Release and Certification Environments | |||
|---|---|---|---|
| New Release | Certification | ||
| Legacy IP and Port | New IP and Port | Legacy IP and Port | New IP and Port |
| 69.50.112.160:9000 | 69.50.112.159:9000 | 69.50.112.121:9001 | 69.50.112.159:9001 |
On Sunday, February 4 (trade date Monday, February 5), to increase the range of triangulated strikes at market open, the initial Triangulation delta range will be configured to include strikes from 10 to 70 delta. Currently, the initial range only includes strikes from 10 to 60 delta.
This change is currently available for customer testing in New Release.
CME Group is committed to our customers’ information security. To deliver the best security and customer experience, effective Sunday, February 4 (trade date Monday, February 5), the listed CME Group services will support Transport Layer Security (TLS) version 1.2 only, and TLS 1.0 and 1.1 will be disabled. Customers are encouraged to upgrade to TLS 1.2 immediately; please contact your system administrator or network provider today to ensure seamless access.
This change is currently available for customer testing in New Release and Certification.
To simplify the iLink Fault Tolerance, effective Sunday, February 4 (trade date Monday, February 5), all Convenience Gateway (CGW) iLink sessions will move to MSGW-style Application Level Fault Tolerance with an enforced primary gateway. CGW session connectivity and login behavior will exactly match the MSGW current state.
Upon launch, all CGW iLink sessions will have a designated host that is primary and another that is designated backup. CGW customers must successfully logon to their designated primary IPs and ports before attempting to logon to the backup.
If the primary CGW fails, customers who logon without the fault tolerance must reestablish the connection to the newly promoted primary. For customers who logon with the fault tolerance, the newly promoted primary will send a Heartbeat message with a Fault Tolerance Indicator (FTI) of ‘P’ in the tag 49-SenderCompID to notify the primary status of CGW connectivity.
These changes are currently available in New Release for customer testing.
A new CGW Fault Tolerance certification test suite is currently available in Autocert+. Certification via AutoCert+ is optional.
Drop Copy is not impacted by this change.
If you have any questions or concerns, please contact your Global Account Manager 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.
Effective Sunday, February 4 (trade date Monday, February 5), CME Group will implement load balancing for MDP 3.0 and Streamlined TCP Recovery to improve performance during high utilization periods. To support this change, new Historical Replay IPs and ports will be introduced for MDP 3.0 for CME Globex and Streamlined production environments.
The new IPs and ports for Historical Replay will be available in the config_20180422.xml file for customer download on Sunday, January 28. The legacy IP and ports will continue to be available in parallel until close of business on Friday, April 20.
On Sunday, April 22 (trade date Monday, April 23), the new IP and ports will be added to the production config.xml file.
Please note: Backup IP addresses will be eliminated.
| TCP Recovery Performance Improvement for CME Globex and Streamlined Production Environments | ||
|---|---|---|
| Feed | Legacy IP and Port | New IP and Port |
| CME Globex | 205.209.220.72:10000 205.209.222.72:10000 |
205.209.218.10:10000 |
| Streamlined | 205.209.220.69:14200 205.209.222.69:14200 |
205.209.218.10:9000 |
CME Group is committed to our customers’ information security. To ensure the highest levels of security, CME Group will continue hardening iLink and Drop Copy 4.0 session authentication at logon in Q1 2018 with the launch of CME Globex API Secure Logon.
In production, the new logon will be supported in parallel with the current model without surcharges until Friday, April 27. Customers are strongly encouraged to make the change before the end of April to ensure no business interruption. Any iLink or Drop Copy Target sessions that connect using plain text password after April 27 will be subject to surcharges as follows:
Only Secure Logons will be supported starting Sunday, July 2.
CME Globex API Secure Logon includes:
The Client Impact Assessment provides more detailed process and messaging information.
A new iLink and Drop Copy certification suite is currently available in AutoCert+. iLink and Drop Copy 4.0 customer systems must complete this mandatory certification.
The CME Globex API Secure Logon is now available for customer testing in New Release.
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.
In the second half of 2018, the supported decimal price precision for CME Globex and streamlined blocks SBE market data will be increased from 7 to 9 decimals to provide greater price granularity for future launches.
In Q4 2018, in conjunction with the price precision update, pending regulatory approval, the minimum price increment (MPI) for the 2 Year Treasury Note futures, future spreads and inter-commodity spreads will be reduced from 1/4th of 1/32nd (0.0078125) to 1/8th of 1/32nd (0.00390625). As a result, the maximum price precision will increase from 7 to 8 decimals.
The Client Impact Assessment includes additional information on the following:
These changes will be available in New Release for customer testing first half of 2018.
On Sunday, March 25 (for trade date Monday, March 26), CME Group is launching CME FX Link, which is a new spot FX basis spread on CME Globex. CME FX Link will provide unique new capital, margin and operational benefits for the FX marketplace by efficiently linking trading activity in FX futures and OTC Spot FX via CME Globex.
Spot FX basis spreads will be offered between OTC Spot FX and CME FX futures for the following six currency pairs:
Additional information CME Globex processing and messaging impacts for CME FX Link is available in the Client Impact Assessment.
CME STP and CME STP FIX will support trade confirmations.
The CME FX Link is currently available for customer testing in New Release.
Effective Sunday, March 11 (trade date Monday, March 12), a new exchange-defined Inter-Exchange Ratio Spread will be made available for trading on CME Globex. The EF inter-exchange ratio spread is the simultaneous purchase (sale) of two 30-Day Federal Funds futures (tag 6937-Asset=ZQ) and sale (purchase) of a Eurodollar future (tag 6937=GE). The new spread will allow customers to trade 90-day short term interest rates in a single package across exchanges.
Additional information on the technical details are available in the Client Impact Assessment.
| Inter-Exchange Ratio Spread: Fed Fund vs Eurodollar | |||
|---|---|---|---|
| Product Name | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Tag 762-SecuritySubType |
| 30-Day Fed Funds futures vs Eurodollar futures | ZQ | ZQ | EF |
The EF Inter-exchange ratio spread is currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CBOT and CME.
Effective Sunday, February 4 (trade date Monday, February 5), the Coal (ICI 4) Indonesian Coal Index (Argus/Coalindo) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Coal (ICI 4) Indonesian Coal Index (Argus/Coalindo) Futures | ||
|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
| Coal (ICI 4) Indonesian Coal Index(Argus/Coalindo) Futures | ICI | CO |
The Coal (ICI 4) Indonesian Coal Index (Argus/Coalindo) futures are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Effective Sunday, February 4 (trade date Monday, February 5), Yen Denominated TOPIX futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Yen Denominated TOPIX Futures | ||
|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
| Yen Denominated TOPIX Futures | TPY | TJ |
| BTIC on Yen Denominated TOPIX Futures | TPB | BJ |
These Yen Denominated TOPIX futures is currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CME.
Effective Sunday, February 25 (trade date Monday, February 26), the following Fuel Oil futures strips and spreads will be available for trading on CME Globex.
| Listing New Strips and Spreads for Fuel Oil Products Phase 1 | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
New Listing Schedule |
| 3.5% Fuel Oil Cargoes FOB MED (Platts) vs. 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures | AFK | RF |
|
| European 3.5% Fuel Oil Cargoes FOB MED (Platts) Futures | AUI | RF |
|
| NY 3.0% Fuel Oil (Platts) vs. Gulf Coast HSFO (Platts) Futures | FOC | RF |
|
| 3.5% Fuel Oil CIF MED (Platts) Futures | 7D | CP |
|
| Mini 3.5% Fuel Oil Barges FOB Rdam (Platts) Crack Spread (100mt) Futures | MFR | RF |
|
| 1% Fuel Oil Cargoes FOB NWE (Platts) vs. 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures | FSS | PT |
|
These spreads will be available for customer testing in New Release on Monday, February 12.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Effective Sunday, March 11 (trade date Monday, March 12), the following Fuel Oil futures strips and spreads will be available for trading on CME Globex.
| Listing New Strips and Spreads for Fuel Oil Products Phase 2 | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
New Listing Schedule |
| Mini European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures | A0D | RF |
|
| Singapore Fuel Oil 380 cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures | EVC | RF |
|
| Singapore Fuel Oil 380 cst (Platts) Futures | SE | PT |
|
| Mini Singapore Fuel Oil 380 cst (Platts) Futures | MTS | RF |
|
| Singapore Fuel Oil 180 cst (Platts) vs. 380 cst (Platts) Futures | SD | PT |
|
| Mini Singapore Fuel Oil 180 cst (Platts) Futures | A0F | RF |
|
| Singapore Fuel Oil 180 cst (Platts) Futures | UA | PT |
|
These spreads will be available for customer testing in New Release on Monday, February 26.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Pending regulatory approval, Bursa Malaysia Derivatives (BMD) will list the following FX futures contracts for trading on CME Globex. A new launch date will be announced in future CME Globex notices.
| Bursa Malaysia Derivatives Berhad (BMD) FX Futures | ||
|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
| BMD Mini CNH/MYR Futures | MFCM | BR |
| BMD Mini USD/MYR Futures | MFUM | BM |
These contracts are currently available for customer testing in New Release.
On Monday, January 22, the following Power Futures were delisted and this Friday, January 26, these futures will be removed from CME Globex at close of business.
| Delisting and Removal of Power Futures | ||
|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
| NYISO Zone J Off-Peak LBMP Futures | AKP | ZZ |
| ISO New England Mass Hub Off-Peak LMP Futures | AKI | ZZ |
| ISO New England Mass Hub Day-Ahead Peak Calendar-Month 2.5 MW Futures | NIL | PW |
| PJM AEP Dayton Hub Real-Time Peak Calendar-Month 2.5 MW Futures | VML | PW |
| PJM AEP Dayton Hub Off-Peak LMP Futures | AVP | ZZ |
NYISO Zone J Peak LBMP Futures |
AKJ | ZZ |
| PJM Northern Illinois Hub Real-Time Peak Calendar-Month 2.5 MW Futures | UML | PW |
These futures currently have no open interest.
On Monday, January 22, HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) futures was suspended from trading to support change to the Unit of Measure Quantity. Trading will not be permitted from Monday, January 22, through Friday, February 2.
Effective Sunday, February 4 (trade date Monday, February 5), the Unit of Measure Quantity for the HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) futures will change from 50 metric tons to 10 metric tons. Tag 1147-UnitofMeasureQty can be found on the Security Definition (tag 35-MsgType=d).
| HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current tag 1147 - UnitOfMeasureQty |
New tag 1147 - UnitOfMeasureQty |
| HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures | FSF | ST | 50 | 10 |
This change will be available for customer testing in New Release on Monday, January 29.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Effective Sunday, February 11 (trade date Monday, February 12), the following Coal and Natural Gas calendar spreads for 24 contract months will be listed for trading on CME Globex.
| Coal and Natural Gas Calendar Spread | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Tag 762- SecuritySubType |
| Coal (API2) CIF ARA (ARGUS-McCloskey) Futures | MTF | CO | SP - Standard Calendar Spread |
| Coal(API4) FOB Richards Bay (ARGUS-McCloskey) Futures | MFF | CO | SP - Standard Calendar Spread |
| LNG Japan/Korea Marker (Platts) Futures | JKM | GU | SP - Standard Calendar Spread |
The spreads will be available for customer testing in New Release on Monday, January 29.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Effective Sunday, February 11 (trade date Monday, February 12), the Circuit Breakers for the below futures will be changed as follows:
| Change to Circuit Breakers for Certain Metals and Energy Contracts | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current tag 1147 - UnitOfMeasureQty |
New tag 1147 - UnitOfMeasureQty |
| Light Sweet Crude Oil Futures | CL | CL | Level 1: 500 Level 2: 1000 Level 3: 1500 Level 4: 2000 Level 5: No Limit |
Level 1: 600 Level 2: 1200 Level 3: 1800 Level 4: 2400 Level 5: No Limit |
| NY Harbor ULSD Futures | HO | HO | Level 1: 1500 Level 2: 3000 Level 3: 4500 Level 4: 6000 Level 5: No Limit |
Level 1: 2000 Level 2: 4000 Level 3: 6000 Level 4: 8000 Level 5: No Limit |
| RBOB Futures | RB | RB | Level 1: 1500 Level 2: 3000 Level 3: 4500 Level 4: 6000 Level 5: No Limit |
Level 1: 2000 Level 2: 4000 Level 3: 6000 Level 4: 8000 Level 5: No Limit |
| E-mini Heating Oil Futures | QH | QH | Level 1: 1500 Level 2: 3000 Level 3: 4500 Level 4: 6000 Level 5: No Limit |
Level 1: 2000 Level 2: 4000 Level 3: 6000 Level 4: 8000 Level 5: No Limit |
| E-mini RBOB Gasoline Futures | QU | QU | Level 1: 1500 Level 2: 3000 Level 3: 4500 Level 4: 6000 Level 5: No Limit |
Level 1: 2000 Level 2: 4000 Level 3: 6000 Level 4: 8000 Level 5: No Limit |
| E-mini Crude Oil Futures | QM | QM | Level 1: 5000 Level 2: 10000 Level 3: 15000 Level 4: 20000 Level 5: No Limit |
Level 1: 6000 Level 2: 12000 Level 3: 18000 Level 4: 24000 Level 5: No Limit |
| Palladium Futures | PA | PA | Level 1: 6000 Level 2: 12000 Level 3: 18000 Level 4: 24000 Level 5: No Limit |
Level 1: 7500 Level 2: 15000 Level 3: 22500 Level 4: 30000 Level 5: No Limit |
The price band settings for every CME Globex product are defined in the CME Globex Product Reference.
These changes will be available for customer testing in New Release on Sunday, January 28.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Effective Sunday, February 25 (trade date Monday, February 26), pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to make changes to the following crude palm oil products:
| Changes to Bursa Malaysia Derivatives Berhad (BMD) Crude Palm Oil Products | ||||||
|---|---|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current Listing Schedule | New Listing Schedule | Current Second Trading Session (Malaysia Time) | New Second Trading Session (Malaysia Time) |
| Crude Palm Oil Futures MYR |
FCPO | BC | Spot month and next 5 succeeding months. Thereafter alternate (odd) months up to 24 months ahead | Spot month and next 11 succeeding months. Thereafter alternate (odd) months up to 36 months ahead. | 1500 to 1800 | 1430 to 1800 |
| Crude Palm Oil Futures USD | FUPO | BA | Spot month and next 5 succeeding months. Thereafter alternate (odd) months up to 24 months ahead | No Change | ||
| Crude Palm Oil Options | OCPO | BP | Monthly (3rd to 6th) then alternate (odd) months going out 24 months of the FCPO contract. The first spot option contract month will be trading the 3rd month FCPO contract. | Monthly (3rd to 12th) then alternate (odd) months going out 36 months of the FCPO contract. The first spot option contract month will be trading the 3rd month FCPO contract. | ||
Please Note: The first trading session will remain unchanged at 1030 to 1230 Malaysia Time.
These contracts are currently available for customer testing in New Release.
Effective Sunday February 11 (trade date Monday, February 12), CME Group will implement changes to the CME Globex Port Closure Policy. With these changes, Drop Copy sessions and their respective ports will be added to the existing Policy.
Any questions regarding this change in procedure may be directed to the Global Command Center. The GCC can be reached at +1 800 438 8616 in the USA, +44 20 7623 4747 in Europe, and +65 6532 5010 in Asia.