CME Globex Notices: February 26, 2018

Critical System Updates

New Source IPs for ftp.cmegroup.com - March 10

Effective Saturday, March 10, the source IPs for all ftp.cmegroup.com content will be changed to the following. Please update all firewall and network devices to accept content from these IPs immediately to ensure seamless access to the information.

 

• 52.7.201.185
• 34.199.179.189
• 13.57.174.25
• 13.57.171.25

This change only affects the public ftp site; there is no impact to the secure sFTP content.

Connect now to ftp://betaftp.cmegroup.com to verify your ability to receive content from the new Source IPs.

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User-Defined Spreads for Natural Gas Futures  - March 11

Effective Sunday, March 11 (trade date Monday, March 12), User-Defined Spreads will be enabled for all Natural Gas futures products in the NG group (tag 1151-SecurityGroup=NG). The following types will be supported:

• Generic (762-SecuritySubType=GN)
• SA Strip (762=SA)
• SB Balanced Strip Spread (762=SB)
• SP Standard Calendar Spread (762=SP)
• WS Unbalanced Strip (762=WS)
• XS Intercommodity Strip (762=XS)

Please note: SA Strips are average priced strips where the spread price is identical to the price of the legs.

UDS functionality on Natural Gas futures is currently available for customer testing in New Release.

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CME Globex API Secure Logon – iLink and Drop Copy  - Q1 2018

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:

• Sunday April 29 – Friday June 1: $100/session/month
• Sunday June 3 – Friday June 29: $500/session/month

Only Secure Logons will be supported starting Sunday, July 1.

CME Globex API Secure Logon includes:

• Security credentials
• New logon procedure
• New iLink and Drop Copy message tags

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.

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TCP Recovery Performance Improvement for CME Globex and Streamlined Production Environments - April 20

CME Group implemented 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 were introduced for MDP 3.0 for CME Globex and Streamlined production environments.

The new IPs and ports for Historical Replay are currently available in the config_20180422.xml file for customer download. 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	205.209.222.61:9000 205.209.220.61:9000	205.209.218.10:9000

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Price Precision Extension - 2018

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:

• CME Globex iLink
• CME Globex MDP3
• Streamlined MDP
• ITC
• CME Globex Drop Copy
• Referential Data

These changes will be available in New Release for customer testing first half of 2018.

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New Functionality

Inter-Exchange Ratio Spread: Fed Fund vs Eurodollar - March 11

Effective Sunday, March 11 (trade date Monday, March 12), a new exchange-defined Inter-Exchange Reduced Tick Ratio Spread will be made available for trading on CME Globex. The new inter-exchange reduced tick 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) and utilizes the new strategy type EF. The EF strategy type will allow customers to trade 90-day short term interest rates in a single package across exchanges or commodities.

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 Fed Fund vs Eurodollar Inter-exchange reduced tick 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.

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CME FX Link  - March 25

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:

• EUR/USD
• JPY/USD
• GBP/USD
• CAD/USD
• AUD/USD
• MXN/USD

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.

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New New - CME SOFR Futures and Spreads  - May 6

Effective Sunday, May 6 (trade date Monday, May 7), the following CME SOFR futures and standard intra-commodity spreads will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.   

SOFR Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	MDP 3.0 Market Data Channel
3-Month SOFR Futures	SR3	SS	312
1-Month SOFR Futures	SR1	SS	312

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

Customers should note the named month (e.g., SR3K8) in the external name in MDP 3.0 tag 55-Symbol and iLink tag 107-SecurityDesc does not reflect the last trade date. The instrument last trade date can be found by leveraging FIX tags 865=7 (Last eligible trade date) and 1145-EventTime in the Security Definition (tag 35-MsgType=d) message. As a reminder, CME Group does not recommend parsing the external instrument name to determine instrument characteristics.

The following inter-exchange and inter-commodity spreads will also be listed for trading on CME Globex.

SOFR Inter-Commodity Futures Spreads
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Future Tag 762-SecuritySubType	MDP 3.0 Market Data Channel
Eurodollar vs 3-Month SOFR Inter-Commodity Spread	GE	SS	IS	312
30-Day Fed Funds future vs 1-Month SOFR Inter-Exchange Spread	ZQ	SY	IS	348
1-Month SOFR future vs 3-Month SOFR future Reduced Tick Inter-Commodity Ratio Spread	SR1	SS	EF	312
30-Day Fed Funds futures vs 3-Month SOFR Reduced Tick Inter-Exchange Ratio Spread	ZQ	SY	EF	348

Strategy types IS and EF support inter- and intra-exchanges and products.

These products and spreads will be available for customer testing in New Release on Monday, March 12.

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Product Launches

Listing New Strips and Spreads for Fuel Oil Products Phase 2 - March 11

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	SA – Energy Strip: 5 calendar year strips 5 calendar quarterly strips for Q1, Q2, Q3, Q4 SP – Standard Calendar Spread: All Calendar Month Spreads for the first 12 outright months without Implication. 2 Calendar Month Spreads “Jan against June” 2 Calendar Month Spreads “Jul against Dec” 2 Calendar Month Spreads “Dec against Dec” SB – Energy Balanced Strip Spread: 4 Calendar Year Strip Spreads 5 Q1 vs. Q2 Strip Spreads 5 Q2 vs. Q3 Strip Spreads 5 Q3 vs. Q4 Strip Spreads 4 Q4 vs. Q1 Strip Spreads
Singapore Fuel Oil 380 cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures	EVC	RF	SA – Energy Strip: 6 calendar year strips 6 calendar quarterly strips for Q1, Q2, Q3, Q4 SP – Standard Calendar Spread: All Calendar Month Spreads for the first 12 outright months without Implication. 2 Calendar Month Spreads “Jan against June” 2 Calendar Month Spreads “Jul against Dec” 2 Calendar Month Spreads “Dec against Dec” SB – Energy Balanced Strip Spread: 5 Calendar Year Strip Spreads 6 Q1 vs. Q2 Strip Spreads 6 Q2 vs. Q3 Strip Spreads 6 Q3 vs. Q4 Strip Spreads 5 Q4 vs. Q1 Strip Spreads
Singapore Fuel Oil 380 cst (Platts) Futures	SE	PT	SA – Energy Strip: 6 calendar year strips 6 calendar quarterly strips for Q1, Q2, Q3, Q4 SP – Standard Calendar Spread: All Calendar Month Spreads for the first 12 outright months without Implication. 2 Calendar Month Spreads “Jan against June” 2 Calendar Month Spreads “Jul against Dec” 2 Calendar Month Spreads “Dec against Dec” SB – Energy Balanced Strip Spread: 5 Calendar Year Strip Spreads 6 Q1 vs. Q2 Strip Spreads 6 Q2 vs. Q3 Strip Spreads 6 Q3 vs. Q4 Strip Spreads 5 Q4 vs. Q1 Strip Spreads
Mini Singapore Fuel Oil 380 cst (Platts) Futures	MTS	RF	SA – Energy Strip: 6 calendar year strips 6 calendar quarterly strips for Q1, Q2, Q3, Q4 SP – Standard Calendar Spread: All Calendar Month Spreads for the first 12 outright months without Implication. 2 Calendar Month Spreads “Jan against June” 2 Calendar Month Spreads “Jul against Dec” 2 Calendar Month Spreads “Dec against Dec” SB – Energy Balanced Strip Spread: 5 Calendar Year Strip Spreads 6 Q1 vs. Q2 Strip Spreads 6 Q2 vs. Q3 Strip Spreads 6 Q3 vs. Q4 Strip Spreads 5 Q4 vs. Q1 Strip Spreads
Singapore Fuel Oil 180 cst (Platts) vs. 380 cst (Platts) Futures	SD	PT	SA – Energy Strip: 6 calendar year strips 6 calendar quarterly strips for Q1, Q2, Q3, Q4 SP – Standard Calendar Spread: All Calendar Month Spreads for the first 12 outright months without Implication. 2 Calendar Month Spreads “Jan against June” 2 Calendar Month Spreads “Jul against Dec” 2 Calendar Month Spreads “Dec against Dec” SB – Energy Balanced Strip Spread: 5 Calendar Year Strip Spreads 6 Q1 vs. Q2 Strip Spreads 6 Q2 vs. Q3 Strip Spreads 6 Q3 vs. Q4 Strip Spreads 5 Q4 vs. Q1 Strip Spreads
Mini Singapore Fuel Oil 180 cst (Platts) Futures	A0F	RF	SA – Energy Strip: 6 calendar year strips 6 calendar quarterly strips for Q1, Q2, Q3, Q4 SP – Standard Calendar Spread: All Calendar Month Spreads for the first 12 outright months without Implication. 2 Calendar Month Spreads “Jan against June” 2 Calendar Month Spreads “Jul against Dec” 2 Calendar Month Spreads “Dec against Dec” SB – Energy Balanced Strip Spread: 5 Calendar Year Strip Spreads 6 Q1 vs. Q2 Strip Spreads 6 Q2 vs. Q3 Strip Spreads 6 Q3 vs. Q4 Strip Spreads 5 Q4 vs. Q1 Strip Spreads
Singapore Fuel Oil 180 cst (Platts) Futures	UA	PT	SA – Energy Strip: 6 calendar year strips 6 calendar quarterly strips for Q1, Q2, Q3, Q4 SP – Standard Calendar Spread: All Calendar Month Spreads for the first 12 outright months without Implication. 2 Calendar Month Spreads “Jan against June” 2 Calendar Month Spreads “Jul against Dec” 2 Calendar Month Spreads “Dec against Dec” SB – Energy Balanced Strip Spread: 5 Calendar Year Strip Spreads 6 Q1 vs. Q2 Strip Spreads 6 Q2 vs. Q3 Strip Spreads 6 Q3 vs. Q4 Strip Spreads 5 Q4 vs. Q1 Strip Spreads

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

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

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Methanol T2 FOB Rdam (ICIS) Futures - March 11

Effective Sunday, March 11 (trade date Monday, March 12), Methanol T2 FOB Rdam (ICIS) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Methanol T2 FOB Rdam (ICIS) Futures
Product Name	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
Methanol T2 FOB Rdam (ICIS) Futures	MT2	JR

These are currently available for customer testing in New Release.

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

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New New - Net Energy Canadian Crude APOs  - March 25

Effective Sunday, March 25 (trade date Monday, March 26), Net Energy Canadian Crude APOs will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Net Energy Canadian Crude APOs
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
Light Sweet Oil (Net Energy) Monthly Index Average Price Option	SWO	P2
Synthetic Sweet Oil (Net Energy) Monthly Index Average Price Option	SSO	P2
Canadian C5+ Condensate Monthly Index (Net Energy) Average Price Option	CCO	P2

These  Net Energy Canadian Crude APOs will be available for customer testing in New Release on Monday, March 12.

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

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Bursa Malaysia Derivatives Berhad (BMD) FX Futures

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.

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Product Changes

New New - Listing Cycle Changes and Delisting of E-mini Nifty 50 Index Futures  - This Week

On Monday, February 26, the E-mini Nifty 50 Index futures September 2018 and December 2018 contract months were removed from CME Globex.  With this change, the June 2018 contract will be last available contract month listed for trading. Following the expiration of the June 2018 contract month, on Thursday, June 28, E-mini Nifty 50 Index futures will be delisted and removed from CME Globex at the close of business.

Listing Cycle Changes and Delisting of E-mini Nifty 50 Index Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Listing Schedule	New Listing Schedule
E-mini Nifty 50 Index Futures	MNF	FN	Four months in the March Quarterly Cycle and two nearest serial months	Monthly contracts listed up to and including June 2018

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

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Listing Cycle Expansion for CPC Blend CIF Med Cargoes (Platts) vs. Dated Brent (Platts) Futures - March 11

Effective Sunday, March 11 (trade date Monday, March 12), the listing cycle for the following CPC Blend CIF Med Cargoes (Platts) vs. Dated Brent (Platts) futures will be expanded on CME Globex.

Listing Cycle Expansion for CPC Blend CIF Med Cargoes (Platts) vs. Dated Brent (Platts) Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Listing Schedule	New Listing Schedule
CPC Blend CIF Med Cargoes (Platts) vs. Dated Brent (Platts) Futures	CPD	CC	Monthly contracts listed for 6 consecutive months	Monthly contracts listed for 12 consecutive months

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

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

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Implied Functionality for Energy Futures Inter-commodity Calendar Spreads - March 11

Effective Sunday, March 11 (trade date Monday, March 12), implied functionality will be enabled for the Inter-commodity Calendar Spread for Henry Hub Natural Gas futures vs Henry Hub Natural Gas Look-Alike Last-Day Financial futures. Implied functionality utilizes bids and offers in both spreads and their outright contracts to provide the most liquid possible markets with the best possible prices.  

Energy Futures Inter-commodity Calendar Spread Implied Functionality Support
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Tag 762-SecuritySubType
Henry Hub Natural Gas Futures vs Henry Hub Natural Gas Look-Alike Last-Day Financial Futures (NG:HH)	NG	NG	IP

Implied-enabled instruments are identified in tag 872-InstAttrbValue, bit 19-Implied Matching Eligible =1 in the MDP 3.0 Security Definition message (tag 35-MsgType=d).

Implied functionality is currently available in the New Release environment for customer testing.

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New New - Changes to Non-Reviewable Ranges and Velocity Logic Parameters for European Natural Gas  - March 18

Effective Sunday, March 18 (trade date Monday, March 19), the Non-Reviewable Ranges and Velocity Logic (VL) will be modified for following products.

European Natural Gas
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Non-Reviewable Range	New Non-Reviewable Range
Dutch TTF Natural Gas Calendar Month Futures	TTF	FD	2000	1000

 

European Natural Gas
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Velocity Logic	New Velocity Logic
UK NBP Natural Gas Calendar Month Futures	UKG	FD	Outright, SA, SB, WS-250 SP-125	Outright, SA, SB, WS-750 SP-375
Dutch TTF Natural Gas Calendar Month Futures	TTF	FD	Outright, SA, SB, WS-250 SP-125	Outright, SA, SB, WS-750 SP-375
Dutch TTF Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures	TTE	HX	Outright, SA, SB, WS-75 SP-38	Outright, SA, SB, WS-225 SP-113
UK NBP Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures	NBP	HX	Outright, SA, SB, WS-50 SP-25	Outright, SA, SB, WS-150 SP-75
Henry Hub NBP (ICIS Heren) Natural Gas Spread Futures	NYP	HX	Outright, SA, SB, WS-100	Outright, SA, SB, WS-300

These futures will be available for customer testing in New Release on Monday, March 5.

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

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Events and Announcements

CME Globex 101 Video Series 

To gain a basic understanding about the CME Globex trading platform features and components, please view the CME Globex 101 video series, which is now available and contains the following topics:

• Introduction to CME Globex
• Order entry
• Match engine
• Market data
• Risk management services

Please direct any feedback about the quality and usefulness of the video to UserFeedback@cmegroup.com.

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New New - Messaging Efficiency Program: Metals Spreads Removal  - This Week

In an effort to ensure efficient market operations, effective trade date today Thursday, March 1, only outright contract months will be included in Messaging Efficiency Program (MEP) calculations in (GC) Gold Futures, (SI) Silver Futures and (HG) Copper Futures.  Spreads for these product groups will no longer be included in MEP calculations.

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