• CME Globex Notice: August 13, 2018

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Market Solutions and Services
      • #
      • 20180813
      • Notice Date
      • 16 August 2018

    • Topics in this issue include:

    • For the latest roadmap of CME Group technology initiatives:
      See the Development Launch Schedule.

      Critical System Updates

      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. On Sunday, January 13, 2019 (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.

      With this release, customer certification will be required for MDP 3.0 and Streamlined SBE.  The new Market Data templates are currently available in New Release and the AutoCert+ test suite is now available for certification.

      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. Select the dates below to view the respective test scripts:

      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:

      • CME Globex iLink
      • CME Globex MDP3 and Mandatory Certification
      • Streamlined MDP and Mandatory Certification
      • ITC
      • CME Globex Drop Copy
      • Referential Data
      • Production Globex Test Instrument

      Please watch the Price Precision Extension Technology Webinar for a technical impact overview.

      These changes are currently available in New Release for customer testing. The 2-Year Treasury Note futures are available in New Release with 1/8 of 1/32 tick.

      On Monday, September 10, CME Group will launch two additional Price Precision test instruments in the New Release environment. These instruments will give customers the ability to perform additional testing on 8 and 9 decimal prices. These instruments will only be available in the New Release environment and will not be launched in the Production and Certification environments.

      Price Precision Test Instruments
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Price Precision Market Data Channel
      E-micro Japanese Yen/American Dollar Futures 099 #J 9-Decimal 314
      E-micro Japanese Yen/American Dollar Futures 097 #J 8-Decimal 314

       

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      iLink Convenience Gateways Behavior Harmonization  - November 4

      To simplify the iLink session behavior, effective Sunday, November 4 (trade date Monday, November 5), all Convenience Gateway (CGW) iLink sessions will move to MSGW-style Session Connection and Resend Request.  The following CGW features will now match the MSGW current state.

      iLink Convenience Gateways Behavior Harmonizations
      Functionality Current Behavior New Behavior Certification Required
      Duplicate Session Connection Attempts
      • Accepted, then disconnected
      • Ignored
      • No
      Resend behavior from CME Globex to Client System
      • No real-time messages are published until the customer’s resend request is satisfied
      • Real-time messages will be interleaved with resend responses
      • CGW customers must be able to receive out-of-sequence during a resend response without triggering another resend request
      • Yes
      Please Note - A new CGW Resend Request certification test will be available in Autocert+ on Monday, August 20. Certification via AutoCert+ is mandatory for all iLink CGW customers.

      These changes will be available in New Release for customer testing on Wednesday, August 15.

      CME Group will offer the iLink mock trading session on Saturday, October 20. This mock trading session will  offer customers the opportunity to interact with the system and experience the new iLink CGW behavior harmonization in the CME Globex production environment. An overview to the mock trading session script is now available.

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

      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.

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      New Functionality

      Implied Functionality for Options on Futures - August 26

      On Sunday, August 26 (trade date Monday, August 27), implied functionality will be enabled for eligible options markets on CME Globex.

      • Sunday, August 26 – eligible products on all other options Market Segments

      Implied options functionality is designed to provide the best possible price discovery by providing liquidity across markets.

      Implied eligible instruments are identified in the MDP 3.0 Security Definition (tag 35-MsgType=d), in repeating group tag 871-InstAttribType, tag 872-InstAttribValue=19.

      Implied functionality for all eligible options markets is currently enabled in New Release for customer testing.

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      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 is currently available in New Release for customer testing New Release public FTP. 

      Please Note: The schema update timeline for Streamlined Equity Indices and CME CF Cryptocurrency Pricing channels will be announced at a later date.

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      New New - Inter-Exchange Spread Blocks on Streamlined SBE Market Data  - September 9

      Effective Sunday, September 9 (trade date Monday, September 10), pending all relevant CFTC regulatory review periods, streamlined SBE Market Data will publish block trades on inter-exchange spreads between Designated Contract Markets (DCMs). This will include support for the STIR products, including CME Eurodollar futures, CBOT 30 Day Federal Funds futures, and One-Month and Three-Month SOFR futures.

      Streamlined SBE market data for these spreads will be sent on the channel that corresponds to the front leg of the spread. They will have a new value in tag 207-SecurityExchange=IES. The DCM of the outright legs are defined in FIX tag 616-LegSecurityExchange in the trade summary message leg repeating group.

      More information on Streamlined SBE Market Data for block trades is available in the Client Systems Wiki.

      SBE – Streamlined Block Trade Market Data Channels
      Channel Name SBE Channel Number
      CME Block Trades 230
      CBOT Block Trades 231
      NYMEX Block Trades 232
      COMEX Block Trades 233

      This change will be available for customer testing in New Release on Monday, August 27.

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      Product Launches

      Listing Class III Milk Futures Strips vs. Class IV Milk Futures Strips Inter-Commodity Strip Spreads  - This Week

      Effective this Sunday, August 19 (trade date Monday, August 20), Class III Milk futures strips vs. Class IV Milk futures Strips Inter-commodity strip Spreads will be listed on CME Globex.

      Listing Class III Milk Futures Strips vs. Class IV Milk Futures Strips Inter-Commodity Strip Spreads
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Tag 762-
      SecuritySubType
      Class III Milk Futures Strips vs. Class IV Milk Futures Strips

       

      		 DC DC XS

      These spreads 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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      Bursa Malaysia Stock Index Futures - August 26

      Effective Sunday, August 26 (trade date Monday, August 27), pending regulatory approvals, Bursa Malaysia Derivatives (BMD) will list the Mini FTSE Bursa Malaysia Mid 70 Index futures for trading on CME Globex.

      FM70 Bursa Malaysia Stock Index Future
      Product iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Mini FTSE Bursa Malaysia Mid 70 Index Futures FM70 BS

      The Mini FTSE Bursa Malaysia Mid 70 Index futures are currently available for customer testing in New Release.

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      European Gasoline Futures  - August 26

      Effective Sunday, August 26 (trade date Monday, August 27), European gasoline futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      European Gasoline Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Market Data Channel
      Gasoline Eurobob Non-Oxy NWE Barges (Argus) Futures GNO CP 382
      Gasoline Eurobob Non-Oxy NWE Barges (Argus) BALMO Futures GNB CP 382
      Gasoline Eurobob Non-Oxy NWE Barges (Argus) Crack Spread Futures GNS CP 382
      RBOB Gasoline vs Eurobob Non-Oxy NWE Barges (Argus) (349,860 gallons) Futures RGF CP 382
      Gasoline Eurobob Non-Oxy NWE Barges (Argus) vs Gasoline Eurobob Oxy NWE Barges (Argus) Futures GES CP 382
      Singapore Gasoline 92 Unleaded (Platts) vs Gasoline Eurobob Non-Oxy NWE Barges (Argus) Futures SGF CP 382

      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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      Micro Refined Fuel Oil Futures  - August 26

      Effective Sunday, August 26 (trade date Monday, August 27), Micro Refined Fuel Oil futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Micro Refined Fuel Oil Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Market Data Channel
      Micro European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures MEF RF 382
      Micro Singapore Fuel Oil 380CST (Platts) Futures MAF RF 382

      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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      LNG Japan/Korea Marker (Platts) Average Price Options  - August 26

      Effective Sunday, August 26 (trade date Monday, August 27), LNG Japan/Korea Marker (Platts) Average Price options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      LNG Japan/Korea Marker (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)      		 Market Data Channel
      LNG Japan/Korea Marker (Platts) Average Price Options JKO EF EX 387

      The LNG Japan/Korea Marker (Platts) Average Price options is 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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      Fixing Price for Front Month S&P 500 Futures  - August 26

      Effective Sunday, August 26 (trade date Monday, August 27), CME Group will begin disseminating the fixing price for the front month S&P 500 futures. The fixing price will be calculated Monday through Friday from 2:59:30 to  3:00 pm Central Time.

      Fixing Price for Front Month S&P 500 Futures
      Product MDP 3.0: tag 6937-Asset MDP 3.0 tag 1151 - Security Group
      S&P 500 Futures SP SP

      Fixing Price data blocks are sent in the MDP 3.0 Market Data Incremental Refresh (tag 35-MsgType=X) with the following attributes:

      • Tag 279-MDUpdateAction will be set to 0 = New
      • Tag 269-MDEntryType will be set to W = Fixing Price

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

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

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      DME Financial Futures Based on Monthly Average Price of DME Oman and Platts Dubai Crude Oil - August 26

      Effective Sunday, August 26 (trade date Monday, August 27), pending regulatory approvals, the Dubai Mercantile Exchange (DME)  will launch the following series of financial futures based on the monthly average Price of DME Oman and Platts Dubai crude oil for trading on CME Globex and for submission for clearing via CME ClearPort.

      DME Financial Futures Based on Monthly Average Price of DME Oman and Platts Dubai Crude Oil
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      DME Oman Crude Oil/Platts Dubai Crude Oil Futures DOP DE
      DME Oman Crude Oil/Platts Dubai Crude Oil BALMO Futures DOB DE
      Mini DME Oman/Platts Dubai Crude Oil Futures DMB DE
      Brent Crude Oil vs DME Oman/Platts Dubai Crude Oil Futures DBR DE
      Brent Crude Oil vs DME Oman/Platts Dubai Crude Oil BALMO Futures DRB DE
      Singapore Gasoil 0.05% (Platts) vs DME Oman/Platts Dubai Crude Oil Crack Spread Futures DGH DE
      Singapore Gasoil (Platts) vs DME Oman/Platts Dubai Crude Oil Crack Spread Futures DSG DE
      Singapore Fuel Oil 180 cst (Platts) vs DME Oman/Platts Dubai Crude Oil (1,000 mt) Crack Spread Futures DUA DE

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

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

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      New New - Hot-Rolled Coil Steel vs. Busheling Ferrous Scrap Spreads  - September 9

      Effective Sunday, September 9 (trade date Monday, September 10), U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index futures vs. U.S. Midwest Busheling Ferrous Scrap (AMM) futures Inter-commodity spreads will be listed for the first 24 contract months on CME Globex.

      Hot-Rolled Coil Steel vs. Busheling Ferrous Scrap Spreads
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Tag 762-
      SecuritySubType
      U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Futures vs. U.S. Midwest Busheling Ferrous Scrap (AMM) Futures

       

      		 HRC

       

      		 HR

       

      IS

      Inter-Commodity

       

      This spread will be available for customer testing in New Release on Monday, August 27.

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

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      Eris Swap Futures on Globex - December 2

      Effective Sunday, December 2 (trade date Monday, December 3), 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:

      • Order Entry Considerations
        • Pricing conventions
        • Trading Eligibility
      • Market Data Considerations
        • Market Data Channels
        • Product Specifications
          • Eris Swap Futures Security Type
          • Eris Swap Futures Product Code
          • Standard Calendar Spreads (SP)
          • Changing Minimum Price Increment
          • Contract Month Convention
        • Eris Swap Futures Market Data through CME DataMine.
        • Risk Management Services

      These futures will be made available in New Release for customer testing on Monday, October 1.

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      Product Changes

      New New - Delisting and Removal of Various Interest Rate Products  - This Week

      On Monday, August 13 the following Interest Rate futures and options were delisted, and on Friday, August 17 these products will be removed from CME Globex at close of business.

      Delisting and Removal of Various Interest Rate Products
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Two-Year Bundle Futures BU2 GE
      Options on Two-Year Bundle Futures BE2 U1, UDS-U$
      Three-Year Bundle Futures BU3 GE
      Options on Three-Year Bundle Futures BE3 U1, UDS-U$
      Five-Year Bundle Futures BU5 GE
      Options on Five-Year Bundle Futures BE5 U1, UDS-U$
      Three-Month Euribor Futures EB EB
      2-Year Euro Interest Rate Swap Futures T1E SJ
      5-Year Euro Interest Rate Swap Futures F1E SF
      10-Year Euro Interest Rate Swap Futures N1E SN

      These products currently have no open interest.

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      Changes to DME Oman Crude Oil Financial Futures  - August 26

      Effective Sunday, August 26 (trade date Monday, August 27), subject to regulatory approval, the Dubai Mercantile Exchange Oman Crude Oil Financial futures will be updated as follows:

      Changes to DME Oman Crude Oil Financial Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Tag 1231-MinLotSize New Tag 1231-MinLotSize
      DME Oman Crude Oil Financial Futures ZGD DE 100 1000

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

      These contracts are listed with, and subject to, the rules and regulations of the Dubai Mercantile Exchange (DME).

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      Listing Cycle Expansion for Freight Futures - August 26

      Effective Sunday, August 26 (trade date Monday, August 27), the listing cycle for the following Freight futures will be expanded on CME Globex.

      Freight 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 TC2 (Baltic) Futures TM FT

      Monthly contracts listed for the current year and the next 3 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

      Monthly contracts listed for the current year and the next 5 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
      Freight Route TD3C (Baltic) Futures TL FT

      Monthly contracts listed for the current year and the next 3 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

      Monthly contracts listed for the current year and the next 5 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
      Freight Route TD20 (Baltic) Futures T2D FT

      Monthly contracts listed for the current year and the next 3 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

      Monthly contracts listed for the current year and the next 5 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
      Freight Route TC14 (Baltic) Futures FRC FT

      Monthly contracts listed for the current year and the next 3 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

      Monthly contracts listed for the current year and the next 5 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
      Freight Route TC5 (Platts) Futures TH FT

      Monthly contracts listed for the current year and the next 3 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

      Monthly contracts listed for the current year and the next 5 calendar years.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

      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.

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      Listing Cycle Expansion for Various Agricultural Options  - August 26

      Effective Sunday, August 26 (trade date Monday, August 27), the listing cycle for the following agricultural options will be expanded on CME Globex.

      Listing Cycle Expansion for Various Agricultural Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Listing Schedule New Listing Schedule
      Chicago SRW Wheat Options OZW OW First three consecutive contract months, first six standard option contract months First three consecutive contract months, first six standard option contract months, and two July contract months
      KC HRW Wheat Options OKE

      OK

       

      		 First three consecutive contract months, first six standard option contract months First three consecutive contract months, first six standard option contract months, and two July contract months
      Soybean Meal Options OZM ML First two consecutive contract months, ten standard option contract months First two consecutive contract months, ten standard option contract months, and two December contract months

      Soybean Oil Options

      		 OZL 0O First two consecutive contract months, ten standard option contract months First two consecutive contract months, ten standard option contract months, and two December contract 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 CBOT.

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      New New - Listing Cycle Expansion for Methanol T2 FOB Rdam (ICIS) Futures  - September 9

      Effective Sunday, September 9 (trade date Monday, September 10), the listing cycle for the Methanol T2 FOB Rdam (ICIS) futures will be expanded on CME Globex as follows:

      Listing Cycle Expansion for Methanol T2 FOB Rdam (ICIS) Futures
      Product MDP 3.0: tag 6937-Asse iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Listing Schedule New Listing Schedule
      Methanol T2 FOB Rdam (ICIS) Futures MT2 JR

      Monthly contracts listed for 12 months.

      One additional month will be added for the next business day at the expiry of the spot month contract.

      Monthly contracts listed for the current year and the next calendar year.

      Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

       

      This change will be available for customer testing in New Release on Monday, August 27.

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

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      New New - Listing Cycle Expansion for the Henry Hub Natural Gas Futures vs. Henry Hub Natural Gas Look-Alike  - September 9

      Effective Sunday, September 9 (trade date Monday, September 10), the listing cycle for the Henry Hub Natural Gas futures vs. Henry Hub Natural Gas Look-Alike Last Day Financial futures Inter-Commodity Spread will be expanded on CME Globex.

      Henry Hub Natural Gas Futures vs. Henry Hub Natural Gas Look-Alike Last Day Financial Futures InterCommodity Spread
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Listing Schedule New Listing Schedule
      Henry Hub Natural Gas Futures vs. Henry Hub Natural Gas Look-Alike Last Day Financial Futures InterCommodity Spread NG NG 35 Consecutive Spreads Spanning 36 Months All combinations for the first 24 months, only consecutive calendar spreads months 25-36. All spreads are implied

      These spreads will be made available for customer testing in New Release on Monday, August 27.

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

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      New New - Termination of Trading Modification for BTIC on Yen Denominated TOPIX Index Futures  - September 9


      Effective Sunday, September 9 (trade date Monday, September 10), the Last Trade Date rule for the BTIC on Yen Denominated TOPIX Index futures will be modified on CME Globex.

      BTIC on Yen Denominated TOPIX Index Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Termination of Trading New Termination of Trading
      BTIC on Yen Denominated TOPIX Futures TPB BJ BTIC trading terminates at 1:00 a.m./2:00 a.m. ET (3:00 p.m. Tokyo time) on the Wednesday prior to the second Friday of the contract month. BTIC trading terminates at 1:00 a.m./2:00 a.m. ET (3:00 p.m. Tokyo time) on the Thursday prior to the second Friday of the contract month.

      Please note: This modification will not result in any change to the termination date of the underlying futures.

      This change will be available for customer testing in New Release on Monday, August 27.

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

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      CME FX Option Changes  - June 9

      Effective with the listing of the September 2019 quarterly options, these CME FX options will reflect the following changes:

      • Expiration time will be 9:00 am Central Time (CT). Currently, these options expire at 2:00 pm CT.
      • Exercise will use the 9:00 am CT fixing price instead of the 2:00 pm fixing price.

      These changes will be in effect for all option instruments that expire after Sunday, June 9, 2019. Currently listed instruments, and any instruments that expire before June 9, 2019, will continue to use the 2:00 pm expiration and 2:00 pm fixing price for exercise.

      Additional information on these changes including a two minute overview video can be found at cmegroup.com/10am.

      The instrument last trade date and time 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.

      The Fixing Price data blocks are sent in the MDP 3.0 Market Data Incremental Refresh (tag 35-MsgType=X) with the following attributes:

      • Tag 279- MDUpdateAction=0 (New)
      • Tag 269-MDEntryType=W (Fixing Price)
      • Tag 270-MDEntryPX = Price of the MD Entry (This value will contain the fixing price).
      • Tag 5796-Trading Reference will display the date for which the fixing price was calculated.

      This change will be available for customer testing in New Release on Monday, August 26.

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

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      Events and Announcements

      10Gbps Offering  - October 1

      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:

      • Limit market data subscriptions to 1Gbps of bandwidth
      • Choose to have multiple 1Gbps connections (additional monthly fee)
      • Upgrade to a 10Gbps interface (new monthly fee)   
      • License space in CME Group Colocation Facility          

      Key Dates:

      • June 1, 2018 –  CME Group began accepting 10Gbps fiber interface orders for CME LNet, EConnect, EConnect Secaucus and Globex Hubs
      • October 1, 2018 – CME Group will modify traffic shaping to 2Gbps and the regular fees for the 10Gbps interface offering will go into effect

      Additional Resources:

      For more information on the 10Gbps offering, please contact your Global Account Manager.

      Global Account Management
      U.S.: +1 312 634 8700 gam@cmegroup.com
      Europe: +44 20 3379 3754 gamemea@cmegroup.com
      Asia: +65 6593 5505 gamasia@cmegroup.com

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