CME Globex Notices: June 8, 2020

Critical System Updates

Mandatory iLink 3 Binary Order Entry Protocol for MSGW - June 21

On Sunday, June 21 (trade date Monday, June 22), CME Group will continue the launch of iLink 3, a new order entry protocol for trading futures, options, and BrokerTec products on CME Globex, over 3 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.

iLink 3 Binary Order Entry Update:

As previously announced,  iLink 3 will launch in production using schema version 5.  Version 5 is currently the only version supported in New Release.  Customer can only send version 5 messages.

During the iLink 2 to 3 session migration, any MSGW sessions configured for iLink 3 must send iLink 3 messages if market segments are migrated to iLink 3, and send iLink 2 messages if market segments have not yet migrated to iLink 3.  A new MSGW config.xml file with a flag to indicate for each MSGW if it is enabled for iLink 3 is now available for customer download from CME Group SFTP site.

All client systems must complete the full certification before migrating to iLink 3 in production. All iLink 3 tests are now available in Autocert+.

iLink 3 Binary Order Entry Timeline
Market Segment ID	Market Segment Description	Production Launch
50 64	CME Interest Rate Options CME Equity Futures – E-mini S&P	Sunday, June 21, 2020
52 54 58 60 70 72 84 88	CME FX Futures and Options II CME and CBOT Equity Options CBOT Interest Rate Options CME, CBOT and MGEX Commodity Options CME, CBOT and MGEX Commodity Futures CBOT Commodity Futures II CBOT Interest Rate Futures CME FX Futures and Options	Sunday, July 12, 2020
56   68 74 78 80 82	NYMEX Emissions Options; NYMEX Energy, Metals, Softs and Alternative Market Options; COMEX Options; DME Options CME Equity Futures II; CBOT Equity Futures BMD Futures and Options; NYMEX SEF NYMEX Emissions and Non-Crude Energy Futures DME Futures; NYMEX Crude and Crude Refined Energy Futures CME Interest Rate Futures	Sunday, July 26, 2020

Mock Trading Session:

To support customer experience with the iLink 3 protocol in the CME Globex production environment, CME Group will offer customer mock trading sessions on:

• Saturday, June 20, 2020*
• Saturday, July 11, 2020 *
• Saturday, July 25, 2020*

Customers are required to register in advance in order to participate in this mock trading session. The updated mock trading session script is now available.

*For any customers who plan to keep their sessions on iLink 3 for production launch weekends, in addition to registering those sessions for the mock they must also update the session protocol in CME Request Center by Friday prior to each iLink 3 production launch weekend.

For the iLink 2 to 3 migration, CME Group does not require customers to obtain new iLink sessions. Customers will have the ability to migrate their existing iLink sessions from iLink 2 to 3 within the CME Request Center starting Sunday, March 15.  For all existing migrated sessions, standard Session Policy Charges will apply. 

Please Note: Customers who chose to create new iLink sessions to facilitate this migration will be subject to the standard Port Activation charges.  However, the Monthly Inactivity charges will be waived for these new iLink sessions during the iLink 3 rollout from May 1 through July 31, after which standard Session Policy charges will apply.

Client systems must be certified for all iLink 3 tests via Autocert+ prior to participate the iLink 3 mock trading sessions. Please note that only iLink 3 sessions will be available for testing CME Globex markets during the mock trading sessions.

Please contact your Global Account Manager for additional information.

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Update on Order Routing and Front-End Audit Trail Requirements for iLink 3

As noted in the CME Globex Notice on January 30, 2020, the required audit trail specifications in the Client Systems Wiki were amended in connection with the implementation of iLink 3.

All customer systems must be certified for Audit Trail for iLink 3 prior to going to the production environment.

For additional information, please review the Market Regulation Advisory Notice on order routing and front-end audit trail regulatory requirements.

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Drop Copy Impact: iLink 3 Binary Order Entry Protocol for MSGW - June 21

On Sunday, June 21, CME Group will continue to 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

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

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.

Please see the iLink 3 binary order entry deployment schedule.

Mock Trading Session:

To support customer experience with the iLink 3 protocol impacts on Drop Copy in the CME Globex production environment, CME Group will offer customer mock trading sessions on the following dates:

• Saturday, June 20, 2020
• Saturday, July 11, 2020
• Saturday, July 25, 2020

The mock trading session script is now available.

CME Group strongly recommends Drop Copy clients thoroughly test these changes to the encoded iLink messages before migration.

Please contact your Global Account Manager for additional information.

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CME Globex Updates: Market Segment and MDP 3.0 Channel Migrations  - June 21

Effective Sunday, June 21 (trade date Monday, June 22), to better align related markets across the platform, the following changes will be applied to CME Globex

• All products on market segment 54 except the standard and e-mini S&P 500 options markets will migrate to market segment 72.
• The standard S&P 500 options markets will migrate to MDP 3 channel 311 (currently on 319)
• User-Defined Spreads, Good Till Cancel and Good Till Date (GTC and GTD) orders will migrate with the markets, except for standard S&P 500 options.
• Market data will continue to be published on channels 311, 319 and 343.
• Incremental market data channels 319 and 343 will reflect new source IPs.
  • The new source IPs will be identical to the source IPs used for channels 318 and 342 today.
• The updated config.xml files for MDP to reflect the product moves to channel 311 will be available at launch.

Product	CME Globex Product Code	Current Market Segment ID	New Market Segment ID	MDP 3.0 Channel
Test Nikkei 225 (YEN) Options	0NK	54	72	319
Test E-mini Dow ($5)	0OY	54	72	343
Test E-mini S&P 500 Options	0SO	54	54	311
Options on Bitcoin Futures	BTC	54	72	319
E-mini S&P 500 Monday Weekly Options	E1A-E5A	54	54	311
Wednesday Weekly Options on E-mini S&P 500 Futures	E1C-E5C	54	54	311
E-mini S&P 400 Options	EMD	54	72	319
E-mini S&P 500 Options	ES	54	54	311
S&P 500 End Of Month Options	EV	54	54	311
S&P 500 Weekly Options	EV1-EV5	54	54	311
E-mini S&P 500 EOM Option	EW	54	54	311
E-mini S&P 500 Weekly Options	EW1-EW5	54	54	311
E-mini Dow ($5) End of Month Options	EYM	54	72	343
Weekly Options on E-mini S&P MidCap 400 Futures	ME1-ME5	54	72	319
Nikkei/Yen Quarterly Options	NKW	54	72	319
Option on Yen Denominated Nikkei Stock Average Futures	NKY	54	72	319
E-mini Nasdaq 100 Options	NQ	54	72	319
E-mini Dow ($5) Options	OYM	54	72	343
E-mini Nasdaq 100 Weekly Options	QN1-QN5	54	72	319
E-mini Nasdaq 100 End-of-Month Options	QNE	54	72	319
Weekly Options on E-mini Russell 2000 Futures	R1E-R5E	54	72	319
Options on E-mini Russell 2000 Index Futures - End-of-Month	RTM	54	72	319
Options on E-mini Russell 2000 Index Futures	RTO	54	72	319
S&P 500 Monday Weekly Options	S1A-S5A	54	54	311
S&P 500 Wednesday Weekly Options	S1C-S5C	54	54	311
E-mini S&P 600 SmallCap Options	SMC	54	72	319
S&P 500 Options	SP	54	54	311
E-mini Dow ($5) Weekly Options	YM1-YM5	54	72	343

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

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CME Globex Market Segment Gateway Enhancements - July 26

Starting Sunday, July 26, 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 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.

The CME Globex MSGW enhancements are currently 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.

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, July 26, 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, August 9, 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, August 16, 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, August 30, 2020

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Options on Micro E-mini Equity Index Futures - Fall 2020

Effective Fall 2020, pending completion of all regulatory review periods, the following Options on Micro E-mini Equity Index futures will be listed for trading on CME Globex.

The Micro E-mini S&P 500 options market data will be published on a new MDP channel, 323-CME Globex Equity Options - Micro E-mini S&P 500 Options. This new channel will use the multicast IP previously used for channel 346 but will reflect new host IPs. Detailed information on the IPs and the config.xml updates will be available in future CME Globex Notices.

Options on Micro E-mini Equity Index Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel	ITC Code
Quarterly Micro E-mini S&P 500 Options	MES	EO; EN-UDS	323	MSO
End of Month Micro E-mini S&P 500 Options	EX	EO; EN-UDS	323	EX
Weekly Micro E-mini S&P 500 Options	EX1, EX2, EX3, EX4	EO; EN-UDS	323	EX1, EX2, EX3, EX4
Quarterly Micro E-mini Nasdaq-100 Options	MNQ	NE; NF-UDS	319	MQO
End of Month Micro E-mini Nasdaq-100 Options	MQE	NE; NF-UDS	319	MQE
Weekly Micro E-mini Nasdaq-100 Options	MQ1, MQ2, MQ3, MQ4	NE; NF-UDS	319	MQ1, MQ2, MQ3, MQ4

These options will be available for customer testing in New Release in August.

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

Product Launches

NewNew - KC HRW Wheat-Wheat Intercommodity Spread Options - June 21

Effective Sunday, June 21 (trade date Monday, June 22), pending completion of all regulatory review periods, KC HRW Wheat-Wheat Intercommodity Spread Options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

KC HRW Wheat-Wheat Intercommodity Spread Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel	ITC Code
KC HRW Wheat-Wheat Intercommodity Spread Options	KCW	KW (UDS-KX)	341	KCW

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

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

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Product Changes

NewNew - Extend Listing of Negative Strikes for Certain Energy Products - This Week

Effective this Sunday, June 14 (trade date Monday, June 15), CME Group will extend negative strikes to August underlying future contracts specified below.

Extend Listing of Negative Strikes for Certain Energy Products
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
Brent Crude Oil Average Price Option	BA	OT
Brent Crude Oil European Financial Option	BE	OT
Brent Crude Oil Futures-Style Margin Option	BZO	PR
Brent Crude Oil Option	OS	OT
Crude Oil Weekly Options	LO1-LO5	LO
Daily Crude Oil Option	CD	LO
Light Sweet Crude Oil European Financial Option	LC	LO
Light Sweet Crude Oil Option	LO	LO
WTI Average Price Option	AO	LO
WTI Houston Crude Oil Option	HCO	H3
NY Harbor ULSD Option	OH	OH
NY Harbor ULSD Average Price Option	AT	EP
NY Harbor ULSD European Financial Option	LB	EF
RBOB Gasoline Average Price Option	RA	EF
RBOB Gasoline European Financial Option	RF	EF
RBOB Gasoline Option	OB	OB
Brent Crude Oil Weekly Options	BW1-BW5	OT

The strikes to these contracts will be available for customer testing in New Release on Monday, June 15.

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NewNew - Listing Cycle Reduction for NY Harbor ULSD vs. Low Sulphur Gasoil (1,000bbl) Futures - June 21

Effective Sunday, June 21 (trade date Monday, June 22), the listing cycle for the following NY Harbor ULSD vs. Low Sulphur Gasoil (1,000bbl) futures will be reduced on CME Globex.

Listing Cycle Reduction for NY Harbor ULSD vs. Low Sulphur Gasoil (1,000bbl) 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
NY Harbor ULSD vs. Low Sulphur Gasoil (1,000bbl) Futures	NLS	PT	Monthly contracts listed for the current year and the next 4 calendar years	Monthly contracts listed for the current year and the next 3 calendar years

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

On Friday, June 5, previously-listed contract months of the NY Harbor ULSD vs Low Sulphur Gasoil (1,000 bbl) futures contract, such that the January 2024 contract month and beyond were delisted from trading on CME Globex. There is no open interest in the delisted contract months.

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

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Transfer of NYMEX Ferrous Metals to COMEX – Resting Order Eliminations - July 12

Effective Sunday, July 12 (trade date Monday, July 13), the following NYMEX Ferrous metals products will be transferred from the NYMEX Designated Contract Market (DCM) to the COMEX DCM. With this change, all CME Group Ferrous metal contracts will be listed on a single DCM.

The transfer of open interest will be administrative in nature as there will be no impact on trading or to the economic value of the contracts.  The contracts will continue to clear at CME Clearing and the commodity codes will remain unchanged.

To effect this change, the contracts will be removed from NYMEX and added to COMEX.  The product codes and Market Segments will not change.

The product groups and market data channel changes are detailed below.

Please Note: To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for these contracts, including any User- or Exchange-Defined Spreads, by the close on Friday, July 10. After 16:00 CT on Friday, July 10, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).

Transfer of NYMEX Ferrous Metals to COMEX
Product	Current iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	New iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current MDP 3.0: tag 207-SecurityExchange	New MDP 3.0: tag 207-SecurityExchange	Current MDP 3.0 Market Data Channel	New MDP 3.0 Market Data Channel
U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Futures – BUS	ST	MA	XNYM	XCEC	384	360
HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures – FSF	ST	MA			384	360
Iron Ore 58% Fe, Low Alumina, CFR China (TSI) Futures – TIC	ST	MA			384	360
Iron Ore 62% Fe, CFR China (TSI) Futures – TIO	IO				384	360
U.S. Midwest Domestic Hot-Rolled Coil Steel Index Futures – HRC	HR				384	360
U.S. Midwest Domestic Hot-Rolled Coil Steel Index Average Price Option – HRO	H1				385	361
Iron Ore 62% Fe, CFR China (TSI) Average Price Option - ICT	I5				385	361

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

The daily settlement (Incremental Refresh (35=X) with 269=6) published on Friday, July 10, for impacted NYMEX products will be re-published prior to start-up on Sunday, July 12, as daily settlements for COMEX products.

There will be no changes to MDP 3.0 functionality or messaging format. The multicast address, source IPs, TCP address, and ports for the channels and Market Segment Gateways are available on the CME FTP and SFTP sites.

Further details will be forthcoming closer to the effective date.

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Transfer of NYMEX UxC Uranium U308 Futures to COMEX – Resting Order Eliminations  - July 12

Effective Sunday, July 12 (trade date Monday, July 13), the UxC Uranium U308 futures (tag 6937-Asset=UX) will be transferred from the NYMEX Designated Contract Market (DCM) to the COMEX DCM.

The transfer of open interest will be administrative in nature as there will be no impact on trading or to the economic value of the contract.  The contract will continue to clear at CME Clearing and the commodity codes will remain unchanged. To effect this change, the contract will be removed from NYMEX and added to COMEX.

The product codes and groups will not change. The market segment, product groups and market data channel changes are detailed below.

Please Note: To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for these contracts, including any User- or Exchange-Defined Spreads, by the close on Friday, July 10 After 16:00 CT on Friday, July 10, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).

Transfer of NYMEX UxC Uranium U308 Futures to COMEX
Product	Current MDP 3.0: tag 207-SecurityExchange	New MDP 3.0: tag 207-SecurityExchange	Current Market Data Channel	New Market Data Channel	Current Tag 1300-MarketSegmentID	New Tag 1300-MarketSegmentID
UxC Uranium U3O8 Futures - UX	XNYM (NYMEX)	XCEC (COMEX)	386	360	78	76

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

The daily settlement (Incremental Refresh (35=X) with 269=6) published on Friday, July 10, for impacted NYMEX products will be re-published prior to start-up on Sunday, July 12, as daily settlements for COMEX products.

There will be no changes to MDP 3.0 functionality or messaging format. The multicast address, source IPs, TCP address, and ports for the channels and Market Segment Gateways are available on the CME FTP and SFTP sites.

Further details will be forthcoming closer to the effective date.

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Changes to Tick Increment and Match Algorithm for 3-Year Treasury Note Futures: Resting Order Eliminations - July 12

Effective Sunday, July 12 (trade date Monday, July 13), pending regulatory approval, the following changes will be made to 3-Year Treasury futures:

• Change to fix tag 969-MinTickIncrement for outrights, spreads, and associated Treasury Intercommodity Ratio Spreads from 7 to 8 decimals to support trading at 1/8 of 1/32
• Match Algorithm change from Configurable 40% FIFO (tag 1142=K) to FIFO 100% (tag 1142=F) for outright markets of all contract months. (match algorithm for calendar spreads will remain unchanged; 20% FIFO (tag 1142=F), 80% Pro Rata (tag 1142=C).

Please note Covered and Tail Spreads utilizing 3-Year T-Note Future (Z3N) will support the 1/8th of 1/32nd tick.

Please Note: To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for these contracts, including any User- or Exchange-Defined Spreads, by the close on Friday, July 10. After 16:00 CT on Friday, July 10, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).

Changes to 3-Year Treasury Note Futures: Resting Order Eliminations
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Tag 969-MinTickIncrement	New Tag 969-MinTickIncrement
3-Year U.S. Treasury Note Futures	Z3N	Z3	1/4th of 1/32nd (0.0078125)	1/8th of 1/32nd (0.00390625)
3-Year U.S. Treasury Note Future vs. Ultra 10-Year U.S. Treasury Note Future	TYX	IV
3-Year U.S. Treasury Notes vs. 30-year U.S. Treasury Bond Future	TOB	IV
3-Year U.S. Treasury Note vs Ultra T-Bond	TOU	IV
3-Year U.S. Treasury Notes vs. 5-year U.S. Treasury Note Future:	TOF	IV
3-Year U.S. Treasury Notes vs. 10-year U.S. Treasury Note Future	TUN	IV
2-Year U.S. Treasury Notes vs. 3-year U.S. Treasury Note Future	TYT	IV

This change is 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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NewNew - Change to Strike Price Listing for Russian Ruble/U.S. Dollar and South African Rand/U.S. Dollar Options - July 12

Effective Sunday, July 12 (trade date Monday, July 13), the strike price listing rule will be changed for Russian Ruble/U.S. Dollar and South African Rand/U.S. Dollar Options and they will be listed for trading on CME Globex.

Change to Strike Price Listing for Russian Ruble/U.S. Dollar and South African Rand/U.S. Dollar Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current	New
Options on South African Rand/U.S. Dollar (ZAR/USD) Futures.	RO	A4	Strike increment: 0.0025 Strike range: -/+ 8 strikes Contract listings: 12 monthlies plus four weeklies	+/- 20 strikes at 0.0005 for 3 front monthlies and +/- 20 strikes at 0.0010 for 9 monthlies
Weekly Options on South African Rand/U.S. Dollar (ZAR/USD) Futures.	1N,2N,3N,4N,5N	A4	Strike increment: 0.0025 Strike range: -/+ 8 strikes	+/- 15 strikes at 0.0005 for 4 weeklies
Options on Russian Ruble/U.S. Dollar (RUB/USD) Futures.	6R	UO	Strike increment: 0.00025 Strike range: +/- 25 strikes	+/- 20 strikes at 0.00010 for 3 front monthlies and +/- 20 strikes at 0.00020 for 9 monthlies
Weekly Options on Russian Ruble/U.S. Dollar (RUB/USD) Futures.	6R1,6R2,6R3,6R4,6R5	UO	Strike increment: 0.00025 Strike range: +/- 25 strikes	+/- 15 strikes at 0.00010 for 4 weeklies

These  Russian Ruble/U.S. Dollar and South African Rand/U.S. Dollar options will be available for customer testing in New Release on Sunday, July 5.

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

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Events and Announcements

NewNew - BrokerTec Markets on CME Globex

For comprehensive information on the BrokerTec Markets migration, please contact your Global Account Manager.

All APIs for BrokerTec Markets on CME Globex are now available in New Release for client testing. More information about the APIs, onboarding and connectivity options is available on the BrokerTec Support Portal.

• To access the BrokerTec Support Portal you must be an existing customer or vendor with a signed Non-Disclosure Agreement (NDA) in place with BrokerTec.  

Client systems must certify for all applicable APIs before the first mock trading session in October 2020. The AutoCert+ test suites are rolling out now for client system certification.

BrokerTec Markets Timeline

 

• October – November: Production Mock Trading Sessions
• November 16 – BrokerTec EU Markets Launch
• December 7 – BrokerTec US Markets Launch

The full release calendar is available on the BrokerTec Support Portal.

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Country Code File on ftp.cmegroup.com - June 21

Effective Sunday, June 21 (trade date Monday, June 22), the ISO identifier of message originator's location(s) will be updated on ftp.cmegroup.com to reflect ISO 3166 standards. A new country_codes.rtf file will be available for customer download on the production launch date prior to market open.

Please note: CME Group requires customers to populate all orders with the originating location. The originating location must be identified in tag 142-SenderLocationID.

ISO codes are available at ftp.cmegroup.com/fix/coo. Additional information on Point of Order Origination is available online.

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Messaging Efficiency Program New Product Group Additions - July 1

Effective trade date Wednesday, July 1, the following product groups and levels will be added to the Messaging Efficiency Program:

Sector	Product Group Code	Product Group Description	Tier #3 Ratio	Tier #2 Ratio	Tier #1 Ratio
Equity	MS	Micro E-mini S&P 500 Futures	75:1	50:1	25:1
Equity	RY	E-mini Russell 1000 Value Index Futures	210:1	140:1	70:1
Interest Rates	Z1	Ultra 10-Year U.S. Treasury Note Futures	60:1	40:1	20:1

Additionally, the following product groups are currently included in the Messaging Efficiency Program however effective trade date Wednesday, July 1, they will be revised to incorporate all instruments:

Sector	Product Group Code	Product Group Description	Tier #3 Ratio	Tier #2 Ratio	Tier #1 Ratio
Equity	NQ	E-mini NASDAQ-100 Futures & Spreads	180:1	120:1	60:1
Equity	YM	E-mini Dow ($5) Futures & Spreads	210:1	140:1	70:1

The 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.

Please contact your Global Account Manager for additional information.

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