Topics in this issue include:
Effective this Sunday, June 10 (trade date Monday, June 11), 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 |
| June 10 | CME Globex Equity Futures (ES) – 310 |
| June 24 | CME Globex Equity Options (ES) – 311 |
† Denotes update to the article
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. On Sunday, January 13 (trade date Monday, January 14), pending regulatory approval, the 2-Year Treasury Note futures, †all 2-Year Treasury Future Spreads (including Calendar Spreads, Tail Spreads and Inter-Commodity Spreads with a 2-Year Treasury Future) along with the futures portion of covered options UDS, 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. With this release, customer certification will be required for MDP 3.0 and Streamlined SBE.
On Sunday, November 4, a production test instrument for the 2-Year Treasury Note futures will be launched on CME Globex. This new test instrument will give customers the ability to confirm system readiness for the introduction of 8-digit decimal price precision. Upon the launch of this test instrument, clients whose systems are not yet prepared to handle 8 decimal precision must ensure their systems have the ability to ignore market data and iLink/Drop Copy execution reports on this new instrument.
Price Precision Timeline:

Customer Mock Trading Sessions:
To ensure customers can process the market data, CME Group will offer three customer mock trading sessions prior to each schema rollout group and Globex test instrument launch:
Customers are required to register and join the conference bridge line to participate in the mock trading sessions.
For complete impacts, rollout information and dates, please refer to Key Events and Dates in the Client Impact Assessment.
The Client Impact Assessment includes additional information on the following:
These changes are currently available in New Release for customer testing. The 2-Year Treasury Note futures will be listed with 1/8 of 1/32 tick in New Release on Monday, June 11.
† Denotes update to the article
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 with surcharges until Friday, June 29. Any iLink or Drop Copy Target sessions that connect using plain text password are subject to surcharges as follows:
Only Secure Logons will be supported starting:
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.
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 New Release for customer testing.
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 is currently available in New Release for customer testing New Release public FTP.
Please Note: The schema update timeline for Streamlined Equity Indices, Eris Exchange and Bitcoin channels will be announced at a later date.
Effective this Sunday, June 10 (trade date Monday, June 11), Eurodollar Term Mid-Curve options will be listed for trading on CME Globex, trading floor, and for submission for clearing via CME ClearPort
| Eurodollar Term Mid-Curve Options | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Market Data Channel |
| 3-Month Mid-Curve Options | TE2 | G3 (UDS: U$) | 313 |
| 6-Month Mid-Curve Options | TE3 | G6 (UDS: U$) | 313 |
| 9-Month Mid-Curve Options | TE4 | G4 (UDS: U$) | 313 |
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.
Effective Sunday, June 24 (trade date Monday, June 25), these Wet Freight Baltic Mini Daily futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Wet Freight Baltic Mini Daily Futures | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Market Data Channel |
| Mini Freight Route TC2 (Baltic) Daily Futures | TMD | FT | 386 |
| Mini Freight Route TC14 (Baltic) Daily Futures | T4D | FT | 386 |
| Mini Freight Route TD3C (Baltic) Daily Futures | TLD | FT | 386 |
| Mini Freight Route TD20 (Baltic) Daily Futures | T2M | FT | 386 |
These wet freight Baltic Mini Daily futures will be available for customer testing in New Release on Monday, June 11.
These contracts are listed with, and subject to, the rules and regulations of NYMEX
Effective Sunday, July 1 (trade date Monday, July 2), the Light Sweet Crude Oil futures vs. Brent Crude Oil Last Day Financial futures Inter-Commodity spreads will be listed on CME Globex and for submission for clearing via CME Clearport.
| Light Sweet Crude Futures vs. Brent Crude Oil Last Day Financial Futures | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Tag 762- SecuritySubType |
Listing Cycle |
| Light Sweet Crude Oil Futures vs Brent Crude Oil Last Day Financial Futures | CL | IE | IP (Inter-Commodity Spread) |
The first 12 months, Jan-Mar, Mar-Jun, Jun-Sep and Sep-Dec for the nearest 12 months and all combinations of Jun-Dec for nearest 48 months |
The spreads will be made available for customer testing in New Release on Monday, June 18.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Effective Sunday, July 1 (trade date Monday, July 2), the following Freight Platts futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Freight Platts Monthly Futures | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Market Data Channel |
| Freight Route TC5 (Platts) BALMO Futures | THB | FT | 386 |
| Freight Route TD3C (Platts) Futures | TD3 | FT | 386 |
| Freight Route TD3C (Platts) BALMO Futures | T3B | FT | 386 |
These Freight Platts futures will be available for customer testing in New Release on Monday, June 25.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
In Q4 2018, pending regulatory approval, CME Group will list Eris Swap Futures on the CBOT designated contract market (DCM) for trading on CME Globex. Eris swap futures Block Trade transactions can also be submitted via CME Direct or CME ClearPort.
The Eris Swap futures will function similarly and trade alongside the MAC Swap Futures, bringing together the two leading interest rate swap futures on a single exchange venue.
Eris Swap futures will be listed for quarterly IMM starting contracts, with fixed MAC coupons, and underlying tenors of 2, 3, 4, 5, 7, 10, 12, 15, 20, and 30-years.
The Client Impact Assessment includes information on the following:
These futures will be made available in New Release for customer testing on a date to be announced in a future Globex notice.
Effective this Sunday, June 10 (trade date Monday, June 11), the following Mini Naphtha futures contracts will be renamed as follows.
| Refined Product Futures Contracts | |||
|---|---|---|---|
| Current Product Name | New Product Name | iLink: tag 1151-Security Group MDP 3.0: tag 6937-Asset |
iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
| Mini Naphtha (Free Spec) Cargoes CIF NWE (Argus) Futures | Mini Naphtha Cargoes CIF NWE (Argus) Futures | NCF | RF |
| Mini Naphtha (Free Spec) Cargoes CIF NWE (Argus) Crack Spread (100mt) Futures | Mini Naphtha Cargoes CIF NWE (Argus) Crack Spread (100mt) Futures | NCC | RF |
These changes are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
On Thursday, May 24 (trade date Friday, May 25), the listing for the following Feeder Cattle futures and options was temporarily suspended on CME Globex. This Sunday, June 10 (trade date Monday, June 11), and pending all CFTC regulatory review periods, the listing cycle of Feeder Cattle futures and options will resume.
| Listing Cycle Delay for Feeder Cattle Futures and Options | |||||
|---|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current First Trade Date | New First Trade Date |
Market Data Channel |
| Feeder Cattle Futures May 2018 | GF
|
GF
|
May 25, 2018
|
June 11, 2018
|
316
|
| Feeder Cattle Options May 2018 | GF
|
F0
|
May 25, 2018
|
June 11, 2018
|
317
|
These contracts are listed with, and subject to, the rules and regulations of CME.
Effective this Sunday, June 10 (for trade date Monday, June 11), the listing cycle for the following European Union Allowance (EUA) futures will be expanded on CME Globex.
| Listing Cycle Expansion for European Union Allowance (EUA) Futures | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | MDP 3.0 tag 1151 - Security Group |
Current Listing Schedule |
New Listing Schedule |
| In Delivery Month European Union Allowance (EUA) Futures | EAF | VX | 3 months; 8 quarterlies | Monthly contracts listed for 3 consecutive months, quarterly contracts listed for 8 consecutive quarters and all December contract months through and including 2025. |
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.
Effective Wednesday, June 13 (trade date Thursday, June 14), the Daily and Expanded Price Limits for Random Length Lumber futures will be changed as follows:
| Change to Price Limits for Random Length Lumber Futures | ||||||
|---|---|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current Daily Price Limits |
New Daily Price Limits |
Current Expanded Price Limits |
New Expanded Price Limits |
| Random Length Lumber Futures | LBS | LU | 1000 | 1500 | 1500 | 2500 |
The Daily Price Limits for agricultural commodities are defined on the Price Limit Update page.
These contracts are listed with, and subject to, the rules and regulations of CME.
Effective Sunday, June 24 (for trade date Monday, June 25), the values in the following FIX tags will be changed for CBOT Grain options UDS group:
| FIX tag Changes for CBOT Grain Options UDS | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group (UDS) |
New iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group (UDS) |
| Corn Options | OZC | OC | CY | GG |
| Corn Weekly Options | ZC1-ZC5 | OC | CY | GG |
| Short-Dated New Crop Corn Options | OCD | OC | CY | GG |
| Soybean Options | OZS | SQ | PZ | GG |
| Soybean Weekly Options | ZS1-ZS5 | SQ | PZ | GG |
| Short-Dated New Crop Soybean Options | OSD | SQ | PZ | GG |
| South American Short-Dated New Crop Soybean Options | SRS | SQ | PZ | GG |
| Chicago SRW Wheat Options | OZW | OW | WZ | GG |
| Chicago SRW Wheat Weekly Options | ZW1-ZW5 | OW | WZ | GG |
| Short Dated New Crop Chicago SRW Wheat Options | OWD | OW | WZ | GG |
| KC HRW Wheat Options | OKE | OK | 1G | GG |
| KC HRW Wheat Weekly Options | OE1-OE5 | OK | 1G | GG |
| Short-Dated New Crop KC HRW Wheat Options | KWE | OK | 1G | GG |
| Corn CSOs | CZ8, CZ9, CZ6, 12C, CZ7, CZC | Y1 | Y2 | Y2 |
| Soybean CSOs | SZ1, SZ3, SZ5, SZK, 12S, SC7, SZ8, SZ0, SZ4, CZS, SZ9, SZH | Q1 | Q2 | Y2 |
| Wheat CSOs | WC3, WC6, CZW, WCM, 12W, CWZ | W1 | Z2 | Y2 |
| KC Wheat CSOs | KC6, KCR, 12K, CKZ, CK3, KZC | K3 | K4 | Y2 |
| Chicago SRW Wheat-Corn Intercommodity Spread Options | ZCW | Q3 | Q4 | Y2 |
These changes will be available for customer testing in New Release on Monday, June 11.
To facilitate the change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) UDS orders after the close on June 22. After 16:00 CT on June 22, all remaining GT orders for these spreads 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.
Effective Sunday, June 24 (for trade date Monday, June 25), the values in the following FIX tags will be changed the KC HRW-Chicago SRW Wheat Inter-Commodity Spread options:
| FIX tag Changes for KC HRW-Chicago SRW Wheat Inter-Commodity Spread options | |||||
|---|---|---|---|---|---|
| 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 iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group (UDS)
|
New iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group (UDS) |
| KC HRW-Chicago SRW Wheat Intercommodity Spread Options | KWC | KW | Q3 | KX | Y2 |
These changes will be available for customer testing in New Release on Monday, June 11.
To facilitate the change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) UDS after the close on June 22. After 16:00 CT on June 22, all remaining GT orders for these spreads 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.
Effective Sunday, June 24 (trade date Monday, June 25), the match algorithm will change from Split FIFO and Pro-Rata (tag 1142=K) to Threshold Pro-Rata (tag 1142=O) for the Soybean August-November Calendar Spread options. This change is to support the Fix Tag Changes for CBOT Grain Options UDS Group to allow all grain options to share the same matching algorithm. There will be no impact to the trading functionality.
| Match Algorithm Changes for Soybean August-November Calendar Spread Options | ||
|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | MDP 3.0 tag 1151 - Security Group |
| Soybean August-November Calendar Spread Options | SZ4 | Q1 |
These options will be available for customer testing in New Release on Monday, June 11.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
Effective Sunday, June 24 (trade date Monday, June 25), the listing cycle for the following Freight Route futures will be expanded on CME Globex.
| Listing Cycle Expansion for Freight Route 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 |
| Freight Route TD20 (Baltic) Futures | T2D | FT | Monthly contracts listed for the current year and the next 2 calendar years | Monthly contracts listed for the current year and the next 3 calendar years |
| Freight Route TD20 (Baltic) Futures | TL | FT | Monthly contracts listed for the current year and the next 2 calendar years | Monthly contracts listed for the current year and the next 3 calendar years |
| Freight Route TC2 (Baltic) Futures | TM | FT | Monthly contracts listed for the current year and the next 2 calendar years | Monthly contracts listed for the current year and the next 3 calendar years |
| Freight Route TC14 (Baltic) Futures | FRC | FT | Monthly contracts listed for the current year and the next 2 calendar years | Monthly contracts listed for the current year and the next 3 calendar years |
| Freight Route TC5 (Platts) Futures | TH | FT | Monthly contracts listed for the current year and the next 2 calendar years | Monthly contracts listed for the current year and the next 3 calendar years |
In addition to the above listing cycle expansions we will also be harmonizing all rollover schedules to be annual on expiry of the December contract.
These futures will be available for customer testing in New Release on Monday, June 11.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Effective Sunday, June 24 (trade date Monday, June 25), Brent CFD futures will be renamed to the following:
| Renaming Brent CFD Futures | |||
|---|---|---|---|
| Current Product Name | New Product Name | iLink: tag 1151-Security Group MDP 3.0: tag 6937-Asset |
iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
| Brent CFD: Dated Brent (Platts) vs. Brent Third Month (Platts) Daily Futures | Dated Brent (Platts) vs. Brent Second Month (BFOE) (Platts) Daily CFD Futures | A59 | BB |
| Brent CFD: Dated Brent (Platts) vs. Brent Second Month (Platts) Daily Futures | Dated Brent (Platts) vs. Brent First Month (BFOE) (Platts) Daily CFD Futures | A6W | BB |
| Brent CFD: Dated Brent (Platts) vs. Brent Second Month (Platts) Weekly Futures | Dated Brent (Platts) vs. Brent First Month (BFOE) (Platts) Weekly Futures | CFB | BB |
| Brent CFD: Dated Brent (Platts) vs. Brent Third Month (Platts) Weekly Futures | Dated Brent (Platts) vs. Brent Second Month (BFOE) (Platts) Weekly Futures | CFC | BB |
These changes will be available for customer testing in New Release on Monday, June 11.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
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.
Effective Sunday, July 1 (trade date Monday, July 2), the match algorithm will be changed from FIFO (tag 1142=F) to Split FIFO and Pro-Rata (tag 1142=K) for Gold options, Gold Weekly options, and spreads on CME Globex. To support this change, implied functionality will be disabled.
| Changes to Gold Options Matching Algorithm | |||
|---|---|---|---|
| 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) |
| Gold Options | OG | OG | 1Y |
| Gold Weekly Options | OG1-OG5 | OG | 1Y |
This change will be available for customer testing in New Release on Monday, June 25.
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, June 29. After 16:00 CT on Friday, June 29, all remaining GT orders for these options and spreads 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 COMEX.
To allow for greater than 1Gbps connectivity for market data distribution, CME Group now offers a 10Gbps fiber interface for CME LNet, EConnect, EConnect Secaucus and Globex Hub customers. Interested customers can now order the 10Gbps fiber interface from CME Group. By Monday, October 1, CME Group expects the bandwidth for the full market data feed to exceed 1Gbps and will modify traffic shaping to 2Gbps. For those customers that order the 10Gbps fiber interface, 1Gbps pricing will be in effect until Monday, October 1 when customers will be charged for 10Gbps as reflected in the chart below.
| Offering | 1Gbps Monthly Customer Fee | 10Gbps Monthly Customer Fee |
|---|---|---|
| CME LNet | $8,000 | $12,000 |
| CME EConnect | $4,000 | $6,000 |
| CME EConnect Secaucus | $4,000 | $6,000 |
| CME Globex Hubs | $1,000 | $2,000 |
All CME LNet, EConnect, EConnect Secaucus and Globex Hub customers should review their existing market data subscriptions and determine which option they will use based on their bandwidth needs.
Options to consider:
Key Dates:
Additional Resources:
For more information on the 10Gbps offering, please contact your Global Account Manager.
Global Account Management
U.S.: +1 312 634 8700 globalaccountmanagement@cmegroup.com
Europe: +44 20 3379 3754 gamemea@cmegroup.com
Asia: +65 6593 5505 gamasia@cmegroup.com