CME Globex Notices: March 22, 2021

Critical System Updates

iLink 2 on MSGW Decommission - This Week

Effective Sunday, March 28, iLink 2 on MSGW will be decommissioned and all MSGW sessions will support iLink 3 only. Attempts to connect to MSGWs and establish a FIX session over iLink 2 following decommission will be terminated.

As previously announced, iLink 2 on MSGW was deprecated Sunday, February 28. A charge of $1,000 USD per iLink session per week is applied to each session that has not yet migrated to iLink 3.

Please contact your Global Account Manager for additional information.

Back to Top

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.

Back to Top

GLink Network Infrastructure Upgrade at Aurora Co-Location Facility - Starting This Week

The GLink network infrastructure at the CME Group Co-Location Facility in Aurora, IL, for futures and options markets will be upgraded over several weekends starting March 27. The network upgrade will include the installation of new hardware equipment. As part of this upgrade, no changes are expected for spine and leaf architecture, customer cross-connects, nor for GLink demarcations in customer cabinets.

The client impact assessment has been updated to reflect changes to the customer timeline, additional details about the upgraded GLink architecture and additional information about the GLink rebalancing plan. Please review the client impact assessment revision history for details.

Please contact your Global Account Manager for additional information.

Back to Top

CME FX Link Enhancements - This Week

Effective this  Sunday, March 28 (for trade date Monday, March 29), CME Group will launch the Phase 1 CME FX Link enhancements. 

With these enhancements, CME Group will provide the following transaction details on the iLink fills for the OTC Spot FX leg instruments:

Currently, these transaction details are not available via CME Globex and can only be obtained via CME Straight Through Processing (STP).

CME FX Link enhancements will apply to both iLink 2.x and iLink 3 customers. For iLink 3, these enhancements will be launched in production using the schema version 7. Additional information on the new FIX tags and messaging impacts for CME FX Link enhancements are available in the Client Impact Assessment.

Back to Top

CME FX Link Enhancements: Drop Copy Impact - This Week

Effective this  Sunday, March 28 (for trade date Monday, March 29), CME Group will launch the Phase 1 CME FX Link enhancements. 

With these enhancements, the CME Drop Copy message payload will reflect the following transaction details on the iLink fills for the OTC Spot FX leg instruments in the  encapsulated XML Non-Fix (tag 35-MsgType=n) Message.

Currently, these transaction details are not reflected in  the CME Drop Copy message payload and can only be obtained via CME Straight Through Processing (STP).

Please note: Certification of client systems already leveraging Drop Copy Convenience Gateway (CGW) and Market Segment Gateway (MSGW) is not required.

Additional information on the new FIX tags and messaging impacts for the CME Drop Copy payload message for CME FX Link enhancements are available in the Client Impact Assessment.

Back to Top

UpdateUpdate - iLink 3 SBE Schema Update - This Week

† Denotes update to the article

On †Sunday, March 28, CME Group will complete the launch of iLink 3 SBE Schema version 7 on all market segments. CME FX Link Enhancements and EBS Market on CME Globex will launch in production on schema version 7. The overview of iLink 3 schema updates is now available.

Version 7 will include all enhancements from version 6 PLUS:

• Change the data type of OrdType enum from uInt8 to uInt8NULL
  • Remove “Null” enum value(0)
• Change the data type of TimeInForce enum from char to charNULL
  • Remove “Null” enum value(255)

Futures and Options on Futures - Production Rollout

Please Note: BrokerTec on CME Globex will remain on iLink v5.

The new version 7 schema is currently available for customer testing in New Release.

Back to Top

Product Launches

Ukrainian Wheat (Platts) Futures and Options - April 11

Effective Sunday, April 11 (trade date Monday, April 12), pending completion of all regulatory review periods, the Ukrainian Wheat (Platts) futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These products will be available for customer testing in New Release on Monday, March 29.

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

Back to Top

NewNew - E-mini Nasdaq-100 Monday and Wednesday Options - April 11

Effective Sunday, April 11 (trade date Monday, April 12), pending completion of all regulatory review periods, E-mini Nasdaq-100 Monday and Wednesday options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These  options will be available for customer testing in New Release on Monday, March 29.

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

Back to Top

Product Changes

Listing Cycle Expansion for Cobalt Metal (Fastmarkets) Futures - This Week

Effective this Sunday, March 28 (trade date Monday, March 29), the listing cycle for the following Cobalt Metal (Fastmarkets) futures will be expanded on CME Globex.

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

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

Back to Top

Changes to Lumber Options - Resting Order Eliminations - April 11

Effective Sunday, April 11 (trade date Monday, April 12), the strike price will be modified in the external instrument name to display the full strike price for Lumber options.

The external instrument name is provided in MDP 3.0 tag 55-Symbol and iLink tag 107-SecurityDesc. As a reminder, CME Group does not recommend parsing the external instrument name to determine instrument characteristics.

Please Note: tag 202-Strike Price on the MDP 3.0 Security Definition (tag 35-MsgType=d) message will not change.

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.

Back to Top

NewNew - Listing SOFR 3 Month Strip Spreads - April 25

Effective Sunday, April 25 (trade date Monday, April 26), SOFR 3 Month strip spreads will be lisred for all available maturities on CME Globex.

These spreads will be available for customer testing in New Release on Monday, April 5.

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

Back to Top

Events and Announcements

NewNew - Messaging Efficiency Program Q2 2021 Benchmarks - This Week

The Q2 2021 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available. No changes were made to Q2 2021 existing Product Group Benchmarks vs. Q1 2021 Product Group Benchmarks.

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. 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 with any questions.

Back to Top