CME Globex Notices: November 11, 2019

Critical System Updates

Original Client Order ID Change on Cancel Request - This Week

This Sunday, November 17 (trade date Monday, November 11), to better align with FIX Protocol standards, CME Globex will remove FIX tag 41-OrigClOrdID validation from the Order Cancel Request (tag 35-MsgType=F) message. With this change, tag 41-OrigClOrdID will no longer be required on Order Cancel Request messages. If the tag is present on the Cancel Request, the same value is returned; however, if no value is sent, a value of '0' will be returned in the Execution Report – Order Cancel (tag 35=8, 39=4) message.

Original Client Order ID Change on Cancel Request Launch Schedule
Market Segment ID	Market Segment Description	Production Launch
52 68 76	CME FX Futures and Options II CME Equity Futures II; CBOT Equity Futures NYMEX Metals, Softs and Alternative Markets Futures; COMEX Futures	Available
50 54 56   58 60 74 84 88	CME Interest Rate Options CME and CBOT Equity Options NYMEX Emissions Options; NYMEX Energy, Metals, Softs and Alternative Markets Options; COMEX Options; DME Options   CBOT Interest Rate Options CME, CBOT and MGEX Commodity Options KRX Futures; BMD Futures and Options; NYMEX SEF CBOT Interest Rate Futures CME FX Futures and Options	Available
64 70 72 78 80 82	CME Equity Futures - E-mini S&P CME, CBOT and MGEX Commodity Futures CBOT Commodity Futures II NYMEX Emissions and Non-Crude Energy Futures DME Futures; NYMEX Crude and Crude Refined Energy Futures CME Interest Rate Futures	Sunday, November 17, 2019

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

Back to Top

Changes to User Defined Spreads Functionality: Resting Order Eliminations  - This Week

On Sunday, November 17 (trade date Monday, November 18), CME Group will implement the following changes to User Defined Spreads (UDS) functionality on CME Globex:

• Performance changes
• Improved spread recognition logic
• Extended timing for UDS creation
• Effects of UDS creation in non-Open Market states
• Changes to tag 5979-RequestTime value
• Harmonization of SecurityID Source values

Please Note: To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for User-Defined Spreads (UDS) only for the affected products by the close on Friday before the production launch. After 16:00 CT on specified Friday, any remaining GT orders on UDS will be canceled or deleted by the CME Global Command Center (GCC).

Please review the Client Impact Assessment for additional information and New Release launch schedule.

Changes to User Defined Spreads Functionality
Market Segment ID	Market Segment Description	New Release Launch	Production Launch
52	CME FX Futures and Options II	Available	Available
50 78 84 88	CME Interest Rate Options NYMEX Emissions and Non-Crude Energy Futures CBOT Interest Rate Futures CME FX Futures and Options	Available	Available
54 56   58 60 64 68 70 72 74 76 80 82	CBOT and CME Equity Options NYMEX Emissions Options; NYMEX Energy, Metals, Softs and Alternative Markets Options; COMEX Options; DME Options CBOT Interest Rate Options CME, CBOT and MGEX Commodity Options CME, CBOT and MGEX Commodity Options CME Equity Futures II; CBOT Equity Futures CME, CBOT and MGEX Commodity Futures CBOT Commodity Futures II KRX Futures; BMD Futures and Options NYMEX Metals, Softs and Alternative Markets Futures; COMEX Futures DME Futures; NYMEX Crude and Crude Refined Energy Futures CME Interest Rate Futures	Available	November 17

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.

Back to Top

iLink Enhancements for Order Status Request Acknowledgment - This Week

On Sunday, November 17 (trade date Monday, November 18), CME Group will implement the following iLink enhancements to the Execution Report - Order Status Request Acknowledgment (tag 35-MsgType=8, tag 150-ExecType=I) message. This message is sent in acknowledgment of the Order Status Request message or for each requested order status in response to an Order Mass Status Request.

• Tag 48-SecurityID value from the requested order will be returned on the Execution Report - Order Status Request Acknowledgment (tag 35-MsgType=8, tag 150-ExecType=I) message.
  • Currently, tag 48-SecurityID is only returned only when it is submitted by the client system in the Order Status Request and Order Mass Status Request messages.
• Execution Report - Order Status Request Acknowledgment (tag 35-MsgType=8, tag 150-ExecType=I) message will echo back tag 57-TargetSubID and tag 1028-ManualOrderIndicator values from tag 50-SenderSubID and tag 1028 submitted by the client system in the corresponding order message.
  • Currently, CME Globex returns tag 57 and 1028 values from tag 50-SenderSubID and tag 1028 submitted by the client system in the Order Status Request (tag 35-MsgType=H) and Order Mass Status Request (tag 35-MsgType=AF) messages.

These enhancements is currently available for customer testing in New Release.

Back to Top

Mandatory Order Handling Flag for iLink 2.x: Tag 1031 - This Week

Effective this  Sunday, November 17, 2019 (trade date Monday, November 18), in conjunction with the Futures Industry Association (FIA) Execution Code Schema initiative, CME Globex will require the current iLink FIX tag 1031-CustOrderHandlingInst on applicable CME iLink 2.x order entry messages. With this change, in-scope CME iLink messages without tag 1031-CustOrderHandlingInst or with an invalid value in the tag will be rejected.

Learn more on the FIA guidelines on how to identify the source of any order:

• Press Release
• Summary
• White paper

If you have any questions on tag 1031 values, please contact your clearing firm to determine which value to use.

Customers are encouraged to implement their changes to CME iLink as soon as possible to facilitate migration. This is a forward-compatible change.

Please review the Client Impact Assessment for additional information.

Back to Top

Decommission of Select ITC Market Data - November 22

Starting the close of business Friday, November 22, select ITC market data functions will be decommissioned in favor of an architecture that will support price decimals beyond 7 digits. As the result of the launch of SBE Settlements and Valuations and CME Reference Data API, many ITC data functions will become redundant and will be decommissioned.

Effective at the close of business Friday, November 22, the following indexes will be decommissioned:

• VIX Indexes
• Major Market Index
• Bloomberg RLL Select Index

There is currently a parallel period from the Settlements and Valuations production launch and decommission of select ITC market data. In Q1 2020, the following ITC market data impacts will be implemented:

• NYMEX, COMEX and DME ITC channels will be eliminated
• Futures and options settlements
• Cleared volume and open interest
• Cumulative volume
• High/Low/Last prices
• Fixing prices
• Marker prices
• Close prices
• Net change
• Lead month indicator
• Contract specifications
• Index prices

Real-time trading floor data, such as trades, will continue to be disseminated on ITC channels for CME, CBOT, and MGEX.

Please review the Client Impact Assessment for additional information and decommission schedules.

Back to Top

Mandatory iLink3 Binary Order Entry Protocol for MSGW - Starting March 29, 2020

CME Group is introducing iLink 3, a new order entry protocol for trading futures, options, and BrokerTec products on CME Globex. The iLink 3 protocol is currently available in New Release and with new production parallel channels for futures and options starting March 29, 2020 through May 17, 2020, over 4 launch weekends. All customers connected via Market Segment Gateway (MSGW) will need to migrate to the iLink 3 by Q4 2020.

iLink 3 includes:

• Simple Binary Encoding (SBE);delivers faster encoding/decoding
• FIX Performance (FIXP) protocol; very simple, lightweight, point-to-point session layer
• More efficient iLink FIX messaging
• Standard message size, fixed positions, and fixed length fields
• Consistent encoding method for order entry and market data

iLink 3 will only support iLink MSGW sessions. The Client Impact Assessment is available and provides detailed functionality and messaging information.

Starting Wednesday, November 6, 2019, CME Group will update the schema for iLink 3 to support the following message enhancements for BrokerTec markets. The New Release launch information for BrokerTec markets is now available.

• Remove old template IDs for the following messages:
  • 541 - Security Definition Request
  • 542 - Security Definition Response
• Add new template IDs for the following messages:
  • 560 - Security Definition Request
  • 561 - Security Definition Response
  • 539 - Execution Ack
• Add new repeating group for MIFID reporting to the following messages:
  • 518 - Party Details Definition Request 
  • 519 - Party Details Definition Request Acknowledgment
  • 538 - Party Details List Report
• Add tag 9765-PossRetransFlag to the following messages:
  • 545 - Mass Quote Acknowledgment
  • 547 - Quote Cancel Acknowledgment
  • 558 - Order Mass Action Report
  • 546 - Request for Quote Acknowledgment
• Add null value to the following data types:
  • uInt64NULL
  • Decimal64NULL

The new version 2 schema is currently available in New Release for customer testing.

Please note: Templates are backward compatible for iLink 3 massages sent from Client system to CME Globex; however CME Globex will only send messages using the latest version of a message schema.

A new iLink certification suite will be available in AutoCert+ in January 2020; certification is required for all client systems on MSGWs.

• Available Now – iLink 3 available in New Release environment for core functionality for futures and options
• November 25, 2019 – Complete iLink 3 functionality for futures and options in New Release
• March 28, 2020 through May 17, 2020 –  Production launch of iLink 3
• Q4 2020 – Elimination of iLink 2 for MSGW

Further information on the production launch deployment schedule, and mock trading sessions will be published in upcoming CME Globex Notices.

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.

Back to Top

Drop Copy Impact: iLink3 Binary Order Entry Protocol for MSGW - Starting March 29, 2020

Starting Sunday, March 29, 2020, CME Group will introduce iLink 3, a new order entry protocol on CME Globex. When source sessions for Drop Copy migrate to iLink 3, the encoded payload messages sent on Drop Copy will be in ASCII format but will reflect the following changes:

• Deprecated message tags
• Change to FIX Type for Tag 548-CrossID
• Additional Enumeration for Tag 59-TimeInForce

The Client Impact Assessment is available and provides detailed information on the changes to the encoded iLink 3 messages.
Certification of client systems leveraging Drop Copy Market Segment Gateway (MSGW) is not required. 

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

CME Group strongly recommends Drop Copy clients thoroughly test these changes to the encoded iLink messages before migration.
Further information on the production launch deployment schedule, and mock trading sessions will be published in upcoming CME Globex Notices.

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.

Back to Top

CME Globex Market Segment Gateway Enhancements  - May 17, 2020

The previously announced mock trading sessions and launches of CME Globex Market Segment Gateway (MSGW) Enhancements have been postponed.  The new production launch schedule will start on Sunday, May 17, 2020.

CME Group will introduce the following Market Segment Gateway (MSGW) enhancements to further safeguard CME Globex infrastructure.  With this enhancement, if a Market Segment Gateway (MSGW) iLink session sends a network packet with an incomplete message, that session will be subject to additional processing to ensure the stability of the platform. This processing results in at least 3 microseconds before the message(s) can be sent to the trading engine.

iLink messages impacted by this enhancement will be flagged in the corresponding Acknowledgment sent from CME Globex.

Customers are strongly encouraged to ensure all messages are contained within a single network packet by the following methods:

• Ensure any packet sent to CME group contains only complete messages
• Limit the number of quote entries in a mass quote message that fits within a single TCP packet
• Disable nagling, an algorithm that concatenates a number of small buffer messages to decrease the number of sent packets, on your order routing systems

As a reminder, conduct that disrupts, delays, or overloads the systems or operations of the exchange may be deemed to violate Rule 575 (“Disruptive Practices Prohibited”) or other rules, including Rule 432.Q. (“General Offenses – to commit an act which is detrimental to the interest or welfare of the Exchange or to engage in any conduct which tends to impair the dignity or good name of the Exchange”). Rule 575 further provides that it is a violation to enter or cause to be entered an order where the intent at the time of order entry is to cancel the order before execution. It is also a violation of Rule 575 to intentionally or recklessly enter or cause to be entered an actionable or non-actionable message that may cause an adverse impact on the orderliness of the markets.

Customers interested in finding out how MSGW enhancements would impact their iLink sessions should contact their 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.

In internal testing, iLink round trip times at the 75th percentile and above increased at least 10%.

Please review the Client Impact Assessment for additional information on these Market Segment Gateway enhancements.

Staring on Wednesday, February 12, the CME Globex MSGW enhancements will be available for customer testing in New Release. In addition, the new FIX tags for this enhancement will be available for customer testing in AutoCert+ Test Suite - MSGW Protection Enhancements. Certification is not required for these MSGW enhancements.

Mock Trading Session:

CME Group will offer two customer mock trading sessions on Saturday, April 18, 2020 and Saturday, May 2, 2020, to support customer experience with the MSGW enhancements in the CME Globex production environment. Customers are required to register in advance in order to participate in this mock trading session. The mock trading session script will be announced in future CME Globex Notices.

MSGW Enhancements Timeline
Market Segment ID	Market Segment Description	Production Launch
50 76	CME Interest Rate Options NYMEX Metals, Softs and Alternative Markets Futures; COMEX Futures	Sunday, May 17, 2020
54 68 72 88	CME and CBOT Equity Options CME Equity Futures II; CBOT Equity Futures CBOT Commodity Futures II CME FX Futures and Options	Sunday, May 31, 2020
52 58 60 64 70 78	CME FX Futures and Options II CBOT Interest Rate Options CME, CBOT and MGEX Commodity Options CME Equity Futures - E-mini S&P CME, CBOT and MGEX Commodity Futures NYMEX Emissions and Non-Crude Energy Futures	Sunday, June 7, 2020
56   74 80 82 84	NYMEX Emissions Options; NYMEX Energy, Metals, Softs and Alternative Markets Options; COMEX Options; DME Options BMD Futures and Options; NYMEX SEF DME Futures; NYMEX Crude and Crude Refined Energy Futures CME Interest Rate Futures CBOT Interest Rate Futures	Sunday, June 21, 2020

Back to Top

New Functionality

Cloud Based Market Data via CME Smart Stream on Google Cloud Platform (GCP) - This Week

This Sunday, November 17, 2019 (trade date Monday, November 18), CME Group will launch CME Smart Stream on Google Cloud Platform (GCP).  CME Smart Stream will offer CME Group market data through Google Cloud Platform (GCP). With the launch of CME Smart Stream, client systems will be able to access data and run operational processes in a cloud-based environment, with the cost-to-access measured in dollars per day.

CME Smart Stream will offer the following Simple Binary Encoded (SBE) market data:

• Globex MDP 3.0
• Data Insights - Settlement and Valuations
• Streamlined - Block Trades
• Streamlined - OTC Daily
• Streamlined - CME CF Cryptocurrency Indices
• Streamlined - Equity Indices
• Streamlined - OTC Daily
• BrokerTec U.S. Treasury Data

Please review the Client Impact Assessment for additional information.

CME Smart Stream is currently available for customer testing in the New Release environment. Certification via Autocert+ is required for all client systems that will support CME Smart Stream on GCP. The AutoCert+ test suite is now available for certification.

Back to Top

Product Launches

MGEX SPIKES ™ Volatility Index Futures and Spreads - This Week

Effective this Sunday, November 17 (trade date Monday, November 18), SPIKES™  Volatility Index futures and spreads will be listed for pre-open purposes on CME Globex pending regulatory approval.  The product will open for initial trading this Monday, November 18.  For additional information on spread definitions and examples refer to Spreads and Combinations available on CME Globex.

SPIKES ™ Volatility Index Futures and Spreads
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Tag 762-SecuritySubType	Market Data Channel
SPIKES™  Volatility Index Futures	SPK	MX	RT (Reduced Tick Spread)	460
SPIKES™  Volatility Index Futures TAS	SPT	MV	SP (Standard Calendar Spread)	460

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

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

Back to Top

Listing Freight Futures Spreads on CME Globex - This Week

Effective this Sunday, November 17 (trade date Monday, November 18), the following Freight futures spreads will be listed for trading on CME Globex.

Listing Freight Futures Spreads
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Tag 762- SecuritySubType
Freight Route TC5 (Platts) Futures	TH	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
Freight Route TC2 (Baltic) Futures	TM	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
Freight Route TC14 (Baltic) Futures	FRC	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
Freight Route TC6 (Baltic) Futures	TC6	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
Freight Route TC9 (Baltic) Futures	TC9	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SB - Balanced Strip: All Quarter strip spread combinations for 24 months and a single yearly strip spread
Freight Route TC12 (Baltic) Futures	FRS	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
Freight Route TC15 (Baltic) Futures	T5C	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SB - Balanced Strip: All Quarter strip spread combinations for 24 months and a single yearly strip spread
Freight Route TD3C (Baltic) Futures	TL	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
Freight Route TD20 (Baltic) Futures	T2D	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SB - Balanced Strip: All Quarter strip spread combinations for 24 months and a single yearly strip spread
Freight Route TD8 (Baltic) Futures	TD8	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SB - Balanced Strip: All Quarter strip spread combinations for 24 months and a single yearly strip spread
Freight Route TD3C (Platts) Futures	TD3	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
Freight Route TD7 (Baltic) Futures	TK	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
Freight Route TD22 (Baltic) Futures	ACB	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
Freight Route TD25 (Baltic) Futures	AEB	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
USGC to UK Continent (Platts) Dirty Freight Futures	USE	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread
USGC to China (Platts) Dirty Freight Futures	USC	FT	SP - Standard Calendar Spread: All Calendar Month Spreads for the front 24 outright months with Implication
			SA - Energy Strip: Quarter’s for 24 months and 2 yearly strips
			SB - Balanced Strip: All Quarter strip spread combinations and a single yearly strip spread

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.

Back to Top

E-mini S&P 500 ESG Index Futures - This Week

Effective this Sunday, November 17 (trade date Monday, November 18), pending completion of all regulatory review periods, E-mini S&P 500 ESG Index futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

E-mini S&P 500 ESG Index Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
E-mini S&P 500 ESG Index Futures	ESG	S4	318
BTIC on E-mini S&P 500 ESG Index Futures	EGT	S6	318

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

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

Back to Top

Listing Portland and Tokyo Weather Products - November 24

Effective Sunday, November 24 (trade date Monday, November 25), pending completion of all regulatory review periods, Portland Weather Futures and Tokyo Weather Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Listing Portland and Tokyo Weather Products
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
CME Degree Days Index Futures - Portland HDD	H7	HW	316
CME Seasonal Strip Degree Days Index Futures - Portland HDD Nov	H7X	HW	316
CME Seasonal Strip Degree Days Index Futures - Portland HDD Dec	H7Z	HW	316
CME Degree Days Index Futures - Portland CDD	K7	HW	316
CME Seasonal Strip Degree Days Index Futures - Portland CDD May	K7K	HW	316
CME Seasonal Strip Degree Days Index Futures - Portland CDD Jul	K7N	HW	316
Pacific Rim Index Futures - Tokyo CAT	G6	HW	316
Pacific Rim Seasonal Strip Index Futures - Tokyo CAT May	G6K	HW	316
Pacific Rim Seasonal Strip Index Futures - Tokyo CAT Jul	G6N	HW	316
Pacific Rim Seasonal Strip Index Futures - Tokyo CAT Nov	G6X	HW	316
Pacific Rim Seasonal Strip Index Futures - Tokyo CAT Dec	G6Z	HW	316

These  futures will be available for customer testing in New Release on Monday, November 18.

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

Back to Top

Bursa Malaysia Derivatives (BMD) USD RBD Palm Olein Options - November 24

Effective Sunday, November 24 (trade date Monday, November 25), and pending final regulatory approval, Bursa Malaysia Derivatives (BMD) USD RBD Palm Olein options will be made available for trading on CME Globex.

Bursa Malaysia Derivatives (BMD) USD RBD Palm Olein Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
USD RBD Palm Olein options	OPOL	B8 (UDS: B9)	431

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

Back to Top

NewNew - Listing Gulf Coast LNG Export Futures vs Henry Hub Natural Gas Futures Inter-Commodity Spread - November 24

Effective Sunday, November 24 (trade date Monday, November 25), the  Gulf Coast LNG Export futures vs. Henry Hub Natural Gas Futures Inter-Commodity spreads will be listed for 24 months on CME Globex.

Listing Gulf Coast LNG Export Futures vs. Henry Hub Natural Gas Futures Inter-Commodity Spread
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Tag 762- SecuritySubType
Gulf Coast LNG Export Futures vs. Henry Hub Natural Gas Futures	LNG	LN	IS

These spreads will be available for customer testing in New Release on Monday, November 18.

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

Back to Top

UpdateUpdate - Three-Month SOFR Options on Futures - January 5, 2020

† Denotes update to the article

Effective Sunday, January 5, 2020 (trade date Monday, January 6), pending completion of all regulatory review periods, options on Three-Month SOFR futures will be listed for trading on CME Globex and the CME Trading floor, and for submission for clearing via CME ClearPort.

Three-Month SOFR Futures Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel	New Release Availability
Standard	SR3	JE, UDS-U$	313	Available
One-Year Mid-Curve	S0 (“S ZERO”)	J1, UDS - U$	313
Two-Year Mid-Curve	S2	J2, UDS - U$	313
Three-Year Mid-Curve	S3	J3, UDS - U$	313
Four-Year Mid-Curve	S4	J4, UDS - U$	313
Five-Year Mid-Curve	S5	J5, UDS - U$	313
Three-Month Mid-Curve	TS2	JT, UDS - U$	313
Six-Month Mid-Curve	TS3	J6, UDS - U$	313
Nine-Month Mid-Curve	TS4	J9, UDS - U$	313
Weekly One-Year Mid-Curve	S01, S02, S03, S04, S05 (“S ZERO 1” ...)	J1, UDS - U$	313	†November 18
Weekly Two-Year Mid-Curve	S21, S22, S23, S24, S25	J2, UDS - U$	313
Weekly Three-Year Mid-Curve	S31, S32, S33, S34, S35	J3, UDS - U$	313

These contracts are listed for trading on, and subject to, the rules and regulations of CME.

Back to Top

Product Changes

Enable R-Cross Functionally for MGEX Products - November 24

Effective Sunday, November 24, (trade date Monday, November 25), Request for Cross (R-Cross) functionality will be enabled for MGEX agriculture futures, options and calendar spread options (CSOs) on CME Globex, pending any regulatory approval.

Enable R-Cross Functionally for MGEX Products
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
National Corn Index Futures	IC	IC
MGEX National Corn Index Options	OIC	O1
MGEX Hard Red Winter Index Futures	IH	IH
MGEX Hard Red Winter Index Options	OIH	O4
MGEX Hard Red Spring Wheat Index Futures	IP	IP
MGEX Hard Red Spring Wheat Index Options	OIP	O5
MGEX National Soybean Index Futures	IS	IS
MGEX National Soybean Index Options	OIS	O2
MGEX Soft Red Winter Wheat Index Futures	IW	IW
MGEX Soft Red Winter Wheat Index  Options	OIW	O3
Non-Consecutive CSO (JUL-DEC)	MP1	O7
Non-Consecutive CSO (JUL-MAR)	MP2	O7
Non-Consecutive CSO (JUL-MAY)	MP3	O7
Non-Consecutive CSO (SEP-MAR)	MP4	O7
Non-Consecutive CSO (SEP-MAY)	MP5	O7
Non-Consecutive CSO (SEP-JUL)	MP6	O7
Non-Consecutive CSO (DEC-MAY)	MP7	O7
Non-Consecutive CSO (DEC-JUL)	MP8	O7
Non-Consecutive CSO (DEC-SEP)	MP9	O7
Consecutive Hard Wheat CSO	MU1	O7
Annual Hard Wheat CSO (SEP-SEP)	MU2	O7
Annual Hard Wheat CSO (DEC-DEC)	MU3	O7
Non-Consecutive CSO (MAR-JUL)	MU4	O7
Non-Consecutive CSO (MAR-SEP)	MU5	O7
Non-Consecutive CSO (MAR-DEC)	MU6	O7
Non-Consecutive CSO (MAY-SEP)	MU7	O7
Non-Consecutive CSO (MAY-DEC)	MU8	O7
Non-Consecutive CSO (MAY-MAR)	MU9	O7
MGEX Hard Red Spring Wheat Futures	MWE	MW
MGEX Hard Red Spring Wheat Options	OMW	O6

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

Customer systems must be certified to leverage the R-Cross Functionality.

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

Back to Top

NewNew - Listing Cycle Expansion for Japan Crude Cocktail (Detailed) Futures - November 24

Effective Sunday, November 24 (trade date Monday, November 25), the listing cycle for the Japan Crude Cocktail (Detailed) futures will be expanded on CME Globex.

Listing Cycle Expansion for Japan Crude Cocktail (Detailed) 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
Japan Crude Cocktail (Detailed) Futures	JCC	GU	Monthly contracts listed for the current year and the next 2 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.	Monthly contracts listed for the current year and the next 4 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.

The Japan Crude Cocktail (Detailed) futures is available for customer testing in New Release.

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

Back to Top

NewNew - Change to Maximum Order Quantity for E-mini Russell 2000 Index Futures - December 15

Effective Sunday, December 15 (trade date Monday, December 16), the maximum order quantity for E-mini Russell 2000 Index futures and BTICs will be changed as follows:

Change to Maximum Order Quantity for E-mini Russell 2000 Index Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current tag 1140-MaxTradeVol	New tag 1140-MaxTradeVol
E-mini Russell 2000 Index Futures	RTY	RY	500	1000
BTIC on E-mini Russell 2000 Index Futures	RLT	RT	500	1000

This change will be made available for customer testing in New Release on Monday, December 2.

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

Back to Top

Temporary Suspension of Three EUA Futures and Options  - February 2, 2020

The temporary suspension of the European Union Allowance (EUA) futures and options has been extended. Effective Sunday, February 2, 2020 (trade date Monday, February 3), beginning with the February 2020 contract month, the European Union Allowance (EUA) futures and options will be made available for trading on CME Globex.

Extending Suspension of Three EUA Futures and Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
In Delivery Month European Union Allowance (EUA) Futures	EAF	VX
In Delivery Month European Union Allowance (EUA) Options	EAX	GY
In Delivery Month European Union Allowance (EUA) Serial Options	9G	GY

These products currently have no open interest.

Back to Top

Events and Announcements

Updates to CME STP FIX and FIXML Messaging Standards  - This Week

Effective Sunday, November 17, 2019 (trade date Monday, November 18), for greater reporting accuracy and consistency, updated FIX and FIXML messaging standards will be implemented, including changes to Party Role 1 and Date/Time format standardizations.

For additional information, please review the CME STP Notice.

Please Note: To avoid missing trades, customers will need to restart their subscriptions prior to connecting to their first session for the week of November 17.

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

Back to Top

NewNew - Amendments to the CME Globex Messaging Policy - November 22

Effective Friday, November 22, 2019, (pending CFTC regulatory review) Chicago Mercantile Exchange Inc. (“CME”), The Board of Trade of the City of Chicago, Inc. (“CBOT”), New York Mercantile Exchange, Inc. (“NYMEX”) and Commodity Exchange, Inc. (“COMEX”) (collectively, the “Exchanges”) will amend the CME Globex Messaging Policy (the “Policy) to clarify the applicability of the Policy and to provide additional flexibility to the Exchanges in executing the Policy.  The amended Policy may be viewed Here.

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.

Back to Top

NewNew - CME Globex Hub Traffic Shaping Change - December 14

On Saturday, December 14, 2019, CME Group will modify traffic shaping from 1Gbps to 2Gbps at CME Globex Hubs in Hong Kong, Kuala Lumpur, Seoul, Singapore and Tokyo. Billing for customers with active 10Gbps interfaces at these locations will change to full price, $2,000 USD per month on Saturday, December 14, 2019.

As previously announced in late 2018, CME Group advised CME Globex Hub customers that traffic shaping in the APAC region would be modified from 1Gbps to 2Gbps at a later date with CME Group providing 4 weeks advance notice of the scheduled change.

For any questions, 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

Back to Top