CME Globex Notice: September 24, 2018

Critical System Updates

Update Update - Price Precision Extension - 2018

† 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, 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 18, 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 a final customer mock trading session prior to the schema rollout group and Globex test instrument launch. View the test script:

• Saturday, October 20

Customers are required to register and join the conference bridge line to participate in the mock trading sessions.

† Please note: The production test instrument launch and the following schema releases have been rescheduled. For complete impacts, updated rollout information and dates, please refer to Key Events and Dates in the Client Impact Assessment.

Launch	Old Launch Date	New Launch Date
NYMEX/COMEX Schema Release – Phase 1	Sunday, November 4	Sunday, November 18
Production Test Instrument Launch	Sunday, November 4	Sunday, November 18
NYMEX/DME/KRX/BMD Schema Release – Phase 2	Sunday, November 18	Sunday, December 2

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 launched two additional Price Precision test instruments in the New Release environment. These instruments gives 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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Automated Port Closure for Drop Copy Sessions - November 18

Effective Sunday, November 18 (trade date Monday, November 19), CME Globex will implement Automated Port Closure on Drop Copy sessions to further protect CME Group markets and systems from potentially detrimental behavior. Currently, CME Globex Port Closure Policy applies only to iLink sessions.

With this implementation, CME Globex will automatically logout and close both the primary and backup ports for any Drop Copy session that exceeds 5 invalid Logon (tag 35=A) messages in 60 seconds. Logon messages may be invalid due to:

• Incorrect sequence number
• Invalid heartbeat interval
• Malformed message
• Required tag missing or sent with invalid value
• Invalid SenderCompID (tag 49)

Automated Port Closure on Drop Copy sessions can also be triggered by sending messages other than a Logon when the session has not yet been successfully logged in and by exceeding the Administrative Messaging Threshholds.

When triggered, the Drop Copy gateway will send a Logout message (tag 35=5) with tag 58-Text="(1000) CME Administered Port Closure Due to Invalid Number of Login Attempts Being Exceeded".

Sessions with active-active fault tolerance will receive the Logout message on both the primary and backup instances. Sessions without fault tolerance will only receive the Logout on the primary instance, but both the primary and backup ports will be closed.

An authorized Drop Copy contact must contact the   Global Command Center directly to have a port re-opened. The GCC can be reached in U.S. at U.S. at +1 800 438 8616, in Europe at +44 20 7623 4747 or in Asia at +65 6532 5010.

Automated Port Closure for Drop Copy will be available for customer testing in New Release on Monday, October 1. To facilitate customer testing, the parameters in New Release will be 5 invalid Logon (tag 35=A) messages in 15 seconds.

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Messaging Controls for Drop Copy Sessions - November 18

Effective Sunday, November 18 (trade date Monday, November 19), Drop Copy sessions will be subject to Administrative Messaging Thresholds. The following administrative messaging thresholds will apply.

Messaging Controls for Drop Copy Sessions
Environment	Reject Threshold	Port Closure /Logout Threshold	Interval
New Release	401	501	Three-second window
Production	100	200	Three-second window

Detailed information on messaging controls is available in the Client Systems Wiki.

This change will be available in New Release for customer testing Monday, October 1.

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iLink Convenience Gateways Behavior Harmonization - January 6, 2019

To simplify the iLink session behavior, effective Sunday, January 6, 2019 (trade date Monday, January 7). All Convenience Gateway (CGW) iLink sessions will move to MSGW-style Session Connection and Resend Request. The following CGW features will as a result 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 is currently available in Autocert+. Certification via AutoCert+ is mandatory for all iLink CGW customers.

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

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

New New - Consolidated iLink Fill Messages - February 3, 2019

Starting Sunday, February 3, 2019 (trade date Monday, February 4), CME Group will launch consolidated iLink fill messages on CME Globex to reduce the number of iLink Execution Report - Fill messages. With this launch, CME Globex will consolidate aggressor Fill Execution Reports. Currently, when an aggressor order matches with multiple resting orders, CME Globex sends execution reports to the aggressor for each individual resting order.

The key client system impacts of consolidated iLink fill messages include:

• iLink Fill Behavior Change
• New FIX tag 9700–NumOrdersInMatchStep
• New repeating group for Fill Reason

Please review the Client Impact Assessment for additional information on Consolidated iLink Fill Messages.

Consolidated iLink Fill Messages Timeline
Market Segment ID	Market Segment Description	New Release Launch	Production Launch
50 68	CME Eurodollar Options CBOT and CME Equity Futures excluding E-mini S&P	Monday, October 22, 2018	Sunday, February 3, 2019
Market Segment ID	Market Segment Description	New Release Launch	Production Launch
54 64 72	CBOT and CME Equity Options CME E-mini S&P 500 Futures CBOT Commodity Futures	Monday, October 29, 2018	Sunday, February 24, 2019
Market Segment ID	Market Segment Description	New Release Launch	Production Launch
52 60 70 74 82 88	CME Globex FX Futures and Options II CBOT and CME Commodity Options CME Commodity Futures Hosted Partner Exchange markets and NYMEX Emissions Futures CME Eurodollar Futures CME Globex FX Futures and Options	Monday, November 19, 2018	Sunday, March 3, 2019
56 58 76 78 80 84	NYMEX and COMEX Options CBOT Treasury Options NYMEX and COMEX Metals and Alternative Market Futures NYMEX Non-Crude Energy Futures NYMEX Crude Energy Futures CBOT Treasury Futures	Monday, January 14, 2019	Sunday, March 10, 2019

Certification is not required for Consolidated iLink Fill Messages.

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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Product Launches

CME SONIA Futures and Spreads - This Week

Effective this Sunday, September 30 (trade date Monday, October 1), pending completion of all regulatory review periods, CME SONIA futures and standard intra-commodity spreads will be listed for trading on the CME Globex electronic trading platform and for submission for clearing via CME ClearPort.

CME SONIA Futures and Spreads
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Quarterly IMM SONIA Futures	SON	S8	312
MPC SONIA Futures	MPC	S9	312

The MPC SONIA futures contracts will be listed with contractual periods of SONIA interest rate exposure that match each of the nearest four (4) intervals between successive scheduled meeting dates of the Bank of England Monetary Policy Committee (MPC announcement dates).

Customers should note that the named month (e.g., SONZ8 for Dec 2018 Quarterly IMM SONIA futures) 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 identified through the FIX tags 865=7 (Last eligible trade date) and 1145-EventTime in the Security Definition (tag 35-MsgType=d) messages. As a reminder, CME Group does not recommend parsing the external instrument name to determine instrument characteristics.

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

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

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New New - MTBE FOB Singapore (Platts) Futures -October 21

Effective Sunday, October 21 (trade date Monday, October 22), pending completion of all regulatory review periods, MTBE FOB Singapore (Platts) Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

MTBE FOB Singapore (Platts) Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
MTBE FOB Singapore (Platts) Futures	1NM	FD	386

The MTBE FOB Singapore (Platts) Futures will be available for customer testing in New Release on Monday, October 1.

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.

Please Note: Effective end of day Friday, November 30, the streamlined SBE feed for the Eris Exchange will be decommissioned.

Streamlined SBE Feed	Channel
Eris Exchange	246

For existing current position holders of Eris USD Swap Futures which clear at CME Clearing, the migration of positions from the Eris Exchange will be performed by CME Group.

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Product Changes

Changes to Standard-Size USD/Offshore RMB (CNH) Futures and Indian Rupee/USD Futures - This Week

Effective this Sunday, September 30 (trade date Monday, October 1), the following changes will be made to the Standard-Size USD/Offshore RMB (CNH) Futures and Indian Rupee/USD Futures:

• Modify Non-Reviewable Ranges for Spreads

•  Implication will be enabled for outright futures and spreads

Changes to Standard-Size USD/Offshore RMB (CNH) Futures and Indian Rupee/USD Futures
Product	iLink: tag 1151-Security Group MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Spread Non-Reviewable Range	New Spread Non-Reviewable Range	Implication Listing Rule
Standard-Size USD/Offshore RMB (CNH) Futures	CNH	RM	75	Each leg evaluated as an outright	Nearest 12 consecutive contract months
Indian Rupee/USD Futures	SIR	6P	10	Each leg evaluated as an outright	Nearest 4 consecutive 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 CME.

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Strike Price Listing Rules Change for CME S&P 500 Options  - This Week

Effective this Sunday, September 30 (trade date Monday, October 1), the strike price listing rules for the following CME S&P 500 options will be modified.

Strike Price Listing Rules Change for CME and CBOT 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)	Current Strike Price Listing Rule	New Strike Price Listing Rule
E-mini S&P 500 Monday Weekly Options	E1A – E5A	EW	1V	At all multiples of 25 index points within ±50% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within -35% to +15% of previous day’s settlement price of the underlying futures At all multiples of 10 index points within -25% to +10% of previous day’s settlement price of the underlying futures At all multiples of 5 index points within -15% to +5% of previous day’s settlement price of the underlying futures
S&P 500 Monday Weekly Options	S1A – S5A	OS	4V	At all multiples of 25 index points within ±50% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within -35% to +15% of previous day’s settlement price of the underlying futures At all multiples of 10 index points within -25% to +10% of previous day’s settlement price of the underlying futures At all multiples of 5 index points within -15% to +5% of previous day’s settlement price of the underlying futures
E-mini S&P 500 Wednesday Weekly Options	E1C – E5	EW	1V	At all multiples of 25 index points within ±50% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within -35% to +15% of previous day’s settlement price of the underlying futures At all multiples of 10 index points within -25% to +10% of previous day’s settlement price of the underlying futures At all multiples of 5 index points within -15% to +5% of previous day’s settlement price of the underlying futures
S&P 500 Wednesday Weekly Options	S1C – S5C	OS	4V	At all multiples of 25 index points within ±50% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within -35% to +15% of previous day’s settlement price of the underlying futures At all multiples of 10 index points within -25% to +10% of previous day’s settlement price of the underlying futures At all multiples of 5 index points within -15% to +5% of previous day’s settlement price of the underlying futures
E-mini S&P 500 Weekly Options (Weeks 1, 2, and 4)	EW1 EW2 EW4	EW	1V	At all multiples of 25 index points within ±50% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within -35% to +15% of previous day’s settlement price of the underlying futures At all multiples of 10 index points within -25% to +10% of previous day’s settlement price of the underlying futures At all multiples of 5 index points within -15% to +5% of previous day’s settlement price of the underlying futures
S&P 500 Weekly Options (Weeks 1, 2, and 4)	EV1 EV2 EV4	OS	4V	At all multiples of 25 index points within ±50% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within -35% to +15% of previous day’s settlement price of the underlying futures At all multiples of 10 index points within -25% to +10% of previous day’s settlement price of the underlying futures At all multiples of 5 index points within -15% to +5% of previous day’s settlement price of the underlying futures

Please note that the strike price listing rules for E-mini S&P 500 Quarterly Options (tag 6937-Asset: ES), S&P 500 Quarterly Options (tag 6937-Asset: SP), E-mini S&P 500 End-of-Month Options (tag 6937-Asset: EW), S&P 500 End-of-Month Options (tag 6937-Asset: EV), E-mini S&P 500 Week 3 Options (tag 6937-Asset: EW3), and S&P 500 Week 3 Options (tag 6937-Asset: EV3) will not be impacted by this change.

These options 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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CME FX Option Changes  - June 9, 2019

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 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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Events and Announcements

New New - Messaging Efficiency Program Q4 2018 Benchmarks 

The Q4 2018 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available. No changes were made to Q4 2018 Product Group Benchmarks vs. Q3 2018 Product Group Benchmarks and Product Group Benchmark Ratios are published quarterly, unless business circumstances for a particular product or product group require changes to be implemented more frequently.

The CME Globex Messaging Efficiency Program creates fair business guidelines by which customers are billed a surcharge for overly high message rates.

CME Globex firms who exceed the benchmark ratios in applicable product groups and are signed-up accordingly, receive email notifications of any potential surcharges and CME Globex firms who have access to the Firm Administrator Dashboard have the ability to view their messaging statistics on a T+1 basis.

Please contact your Global Account Manager in the U.S. at 312 634 8700, in Europe at 44 203 379 3754, or in Asia at 65 6593 5505 with any questions.

 

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Scheduled Traffic Shaping Change on October 1, 2018 and Revised Date for APAC Globex Hubs  - This Week

In the CME Globex Notice dated May 21, 2018, the availability of a 10Gbps fiber interface for CME LNet, EConnect, EConnect Secaucus and Globex Hub customers was announced along with a traffic shaping change taking effect this Monday, October 1, 2018.

Feedback from CME Globex Hub customers indicates additional time is required in Asia for customers to provision 10Gbps interface connectivity. CME Group will provide 4 weeks’ notice prior to modifying the traffic shaping to 2Gbps for Globex Hub customers connecting to Hong Kong, Kuala Lumpur, Seoul, Singapore and Tokyo.

On Monday, October 1, 2018, CME Group will modify the traffic shaping from 1Gbps to 2Gbps as planned for CME LNet, EConnect, EConnect Secaucus and Globex Hub, London.

Customers that order and activate the 10Gbps fiber interfaces will be billed at the 1Gbps rate until Monday, October 1, when the full rate, as reflected in the chart below, goes into effect. Exception: Customers connecting to CME Globex Hubs in Asia with 10Gbps interfaces will not be charged the full rate until traffic shaping is modified.

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

Additional Resources:

• Bandwidth statistics, by channel: www.cmegroup.com/bandwidthstats

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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Changes to CME Globex Hub Billing Cycle  - This Week

Effective this Monday, October 1, CME Globex Hub connectivity fees will change from an annual billing cycle to a monthly billing cycle. CME Group currently offer 1 Gbps and 10 Gbps fiber interfaces at our CME Globex Hubs in London, Hong Kong, Kuala Lumpur, Seoul, Singapore and Tokyo.

Monthly Fee:

Offering	1Gbps Interface Monthly Customer Fee	10Gbps Interface Monthly Customer Fee
CME Globex Hubs	$1,000 per Hub	$2,000 per Hub

Please review the Frequently Asked Questions regarding this change.

Frequently Asked Questions
Question	Answer
When will I begin receiving monthly invoices for an existing Globex Hub connection?	For customers with existing Globex Hub connectivity, monthly billing will commence after the “prepaid” period has ended. For example, if a customer was charged in January 2018 for their annual Globex Hub charge the first monthly charge would be January 2019 and each consecutive month thereafter.
Will I be notified when my monthly billing cycle will start?	Yes, Customers with existing Globex Hub connectivity will be sent an email 30 days prior to receiving their first monthly invoice.
Does the twelve-month commitment for connectivity change?	The twelve-month commitment for connectivity does not change.
What are the benefits of a monthly billing cycle?	Benefits of a monthly cycle are: Monthly visibility in current CME connectivity. Prorating of initial billing date and final disconnection date.

For additional questions, please contact your Global Account Manager or send an email to:

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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Disaster Recovery (DR) Testing -October 13

CME Group is committed to the protection of its members, employees and stakeholders and has a long history of successfully managing risk. In keeping with those traditions, CME Group has a comprehensive business continuity program in place. To ensure customer readiness, CME Group will offer CME Globex & Clearing Disaster Recovery (DR) Failover testing, in conjunction with the Futures Industry Association (FIA) test on Saturday, October 13.

The CME Globex & Clearing DR Failover test is designed to ensure customers can successfully failover to the CME Globex & Clearing DR environment, send orders and fallback to the production environment in case of an emergency.

A detailed time line and testing script is available on the FIA's website.

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