CME Globex Notices: April 16, 2018

Critical System Updates

TCP Recovery Performance Improvement for CME Globex and Streamlined Production Environments - This Week

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 this Friday, April 20. 

This 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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MDP 3.0 Performance Enhancements - This Week

This Sunday, April 22 (trade date Monday, April 23), CME Group will continue performance improvements on the following CME Globex MDP 3.0 channels. In internal testing, these enhancements improved MDP 3.0 performance up to 60%.

These enhancements will not impact iLink order routing or market structure dynamics.

MDP 3.0 Performance Enhancements
Launch Date	Impacted MDP 3.0 Channels
April 22	CBOT Globex Interest Rate Futures – 344 CME Globex FX Futures – 314 CME Globex FX Options – 315
May 6	CME Globex Interest Rate Futures – 312 CBOT Globex Interest Rate Futures II – 348
May 20	CME Globex FX Futures II – 320 CME Globex FX Options II – 321 NYMEX Globex Crude & Crude Refined Futures – 382 DME Globex Futures - 440

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CME FX Link Security Definition Update - April 29

On Sunday, April 29 (for trade date Monday, April 30), CME Group will update the CME FX Link spot leg Security Definition messages (tag 35-MsgType=d) with tag 872-InstAttrbValue bit 10- Negative Price Eligibility and bit 14- Zero Price Eligible with the value of 1 to provide customers additional instrument information.

Product Name	MDP 3.0 tag 6937-Asset	iLink tag 55-Symbol MDP3.0 tag 1151-SecurityGroup
Euro / US Dollar Spot FX	EURUSD	02 (Zero-2)
US Dollar / Canadian Dollar Spot FX	USDCAD	02 (Zero-2)
British Pound / US Dollar Spot FX	GBPUSD	01 (Zero-1)
Australian Dollar / US Dollar Spot FX	AUDUSD	01 (Zero-1)
US Dollar / Japanese Yen Spot FX	USDJPY	01 (Zero-1)
US Dollar / Mexican Peso Spot FX	USDMXN	02 (Zero-2)

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

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Price Precision Extension - 2018

CME Group is implementing end-to-end technology changes to support increased price granularity. Currently, CME Group systems support a maximum of 7 decimals. With this initiative, products with up to 9 decimals may be listed and traded. In Q4 2018, pending regulatory approval, the 2 Year Treasury Note futures and spreads will move from 7 decimals to 8 to support trading at 1/8 of 1/32.

Customers are encouraged to move to support 9 decimals now; but there are no plans to list a product that uses the 9th decimal at this time.

Starting Sunday, August 12, the price precision extension rollout will begin with MDP 3.0.

Price Precision Timeline:

 

For complete updated rollout information and dates, refer to Key Events and Dates in the Client Impact Assessment.

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 starting Monday, April 22.

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CME Globex API Secure Logon – iLink and Drop Copy

CME Group is committed to our customers’ information security. To ensure the highest levels of security, CME Group has launched the CME Globex API Secure Logon in Q1 2018 to harden iLink and Drop Copy 4.0 session authentication.

The new Secure Logon is in production and 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.

The Client Impact Assessment provides more detailed process and messaging information.

CME Group will offer a CME Globex API Secure Login mock trading session on Saturday, April 21, for iLink and Drop Copy. This mock trading session will offer customers the opportunity to interact with the system and experience the new logon procedure in the CME Globex production environment. Customers can logon between 7:30 a.m. - 10:00 a.m. Central Time (CT) only. You will need to reset your Message Sequence number to “1” for the mock trading session and again prior to the beginning of week logon. iLink and Drop Copy session information will not have to be supplied for this mock trading session.  If you experience any issues during the mock, please contact the Global Command Center (GCC) for assistance at +1 800 438 8616. Phone support will be available from 7:30 a.m. - 10:00 a.m. (CT). For a general status during the mock there will be a bridge line open for regular updates +1 877 979 3898 Access code: 6485475.

Please note that customers are required to register in advance in order to participate in the iLink mock trading session.

Register Today

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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New Functionality

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	New Release
3-Month SOFR Futures	SR3	SS	312	Available
1-Month SOFR Futures	SR1	SS	312	Available

Spread type FS will be not be listed in production for the 1-Month SOFR futures and will be removed from New Release on Monday, April 23.

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	New Release
3-Month SOFR vs. Eurodollar Inter-Commodity Spread	SR3	SS	IS	312	Available
1-Month SOFR vs. 30-Day Fed Funds future Inter-Exchange Spread	SR1	SY	IS	312	Available
1-Month SOFR vs. 3-Month SOFR future Reduced Tick Inter-Commodity Ratio Spread	SR1	SS	EF	312	April 9
30-Day Fed Funds futures vs. 3-Month SOFR Reduced Tick Inter-Exchange Ratio Spread	ZQ	SY	EF	348	April 9

Strategy type IS and EF supports inter- and intra-exchanges and products.

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Implied Functionality on Eurodollar Serial Months - May 6

Effective Sunday, May 6 (trade date Monday, May 7), implied functionality will be enabled for all serial Eurodollar futures and calendar spreads on CME Globex.

This change is 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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NewNew - Globex MDP3 SBE Schema Update - August 12

Starting Sunday, August 12, in conjunction with the price precision initiative, CME Group will update the schema for all Globex MDP3 SBE market data channels.  Please view the rollout schedule.   This release will not support template extension, however the order of the fields will be preserved in the new templates.  Please review an overview of changes. 

The new version 9 schema is currently available on the New Release public FTP.   Customers can begin testing schema version 9 in New Release on Sunday, May 20. 

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NewNew - Streamlined MDP SBE Schema Update - August 26

Starting Sunday, August 26, in conjunction with the price precision initiative, CME Group will update the schema for streamlined SBE market data channels to support schema version 9 to ensure consistency between market data channels.  Please view the rollout schedule.  This release will not support template extension; however, the order of the fields will be preserved in the new templates. Please review an overview of changes. 

The new version 9 schema is currently available on the New Release public FTP.   Customers can begin testing schema version 9 in New Release on Sunday, May 20. 

Please Note: The schema update timeline for Streamlined Equity Indices, Eris Exchange and Bitcoin channels will be announced at a later date.

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Product Launches

Soybean Crush Options - This Week

Effective this Sunday, April 22 (trade date Monday, April 23), Soybean Crush Options will be listed for trading on CME Globex.

Soybean Crush Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Soybean Crush Options	BCE	SV; UDS – SW	341

These options 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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Product Changes

Implied Functionality Disabled on Zinc Futures - This Week

Effective this Sunday, April 22 (trade date Monday, April 23), implied functionality will be disabled for all serial Zinc futures and spreads on CME Globex.

Implied Functionality Disabled on Zinc Futures
Product	MDP 3.0: tag 6937- Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
Zinc Futures	ZNC	ZX

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

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

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Listing Cycle Expansion for Gold and Silver TAS - This Week

Effective this Sunday, April 22 (trade date Monday, April 23), the listing cycle for the following Gold and Silver TAS will be expanded on CME Globex.

Gold and Silver TAS
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Listing Schedule	New Listing Schedule
Gold TAS	GCT	TG	First Active Month (February, April, June, August, December)	First 2 Active Months
Silver TAS	SIT	MT	First Active Month (March, May, July, September, December)	First 2 Active Months

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

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

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Listing Cycle Expansion for Crude Oil BALMO Futures - This Week

Effective this Sunday, April 22 (trade date Monday, April 23), the listing cycle for the following crude oil BALMO futures will be expanded on CME Globex.

Crude Oil BALMO 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
Brent Crude Oil BALMO Futures	AJ9	BB	One month and the following month for 10 business days prior to the start of the contract month	Monthly contracts shall be listed for three (3) consecutive months. Add a new contract month after the nearby expiry
Dated Brent (Platts) BALMO Futures	DBB	BB	One month and the following month for 10 business days prior to the start of the contract month	Monthly contracts shall be listed for three (3) consecutive months. Add a new contract month after the nearby expiry
Dated Brent (Platts) to Frontline Brent BALMO Futures	AFE	BB	One month and the following month for 10 business days prior to the start of the contract month	Monthly contracts shall be listed for three (3) consecutive months. Add a new contract month after the nearby expiry

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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Changes to Henry Hub Natural Gas Futures  - This Week

Effective this Sunday, April 22 (trade date Monday, April 23), Henry Hub Natural Gas Look-Alike Last Day Financial futures butterfly spreads will be available on CME Globex. With this change, the listing cycle will be extended for the Henry Hub Natural Gas futures as follows:

 

Changes to Henry Hub Natural Gas Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Spread Listing	New Spread Listing	Tag 762- SecuritySubType
Henry Hub Natural Gas Futures	NG	NG	10 Consecutive Months	22 Consecutive Months	BF (Butterfly)
Henry Hub Natural Gas Look-Alike Last Day Financial Futures	HH	NG	--	22 Consecutive Months	BF (Butterfly)

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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Change to Minimum Price Increment for Palladium Futures and Options - May 6

Effective Sunday, May 6 (trade date Monday, May 7), the minimum price increment tag 969-MinPriceIncrement will be changed for the following.

Palladium Futures and Option
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current tag 969 - MinPriceIncrement	New tag 969 - MinPriceIncrement
Palladium Futures	PA	PD	0.05	0.10
Palladium Option	PAO	P3	0.01	0.10

These changes will be available for customer testing in New Release on Monday, April 23.

To facilitate the change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders after the close on Friday, May 4. After 16:00 CT on Friday, May 4 all remaining GT orders for this future 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 NYMEX.

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Listing Cycle Changes and Delisting of E-mini Nifty 50 Index Futures - June 28

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 the 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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