CME Globex Notices: April 19, 2021

Critical System Updates

Changes to CME Globex New Release and Certification Maintenance Window - April 28

Starting Wednesday, April 28, to ensure a robust and stable environment for client testing, CME Group will modify the CME Globex New Release and Certification environments maintenance window. With this change, the New Release and Certification environments updated maintenance window will be 5 am - 12 pm Central Time (CT), Wednesdays. Currently, the New Release and Certification environments daily maintenance windows are 4 pm - 8 pm CT Monday – Thursday and 2 am - 5 am CT Wednesday.

Maintenance windows are a specified period of time during which an environment is unavailable to allow CME Group staff to launch and test new releases; and perform maintenance operations.

Please Note: Services are available from 8 pm Central Time (CT) Sunday to 4 pm CT Friday except during the maintenance window.

CME Group will announce future modifications to the New Release and Certification Maintenance Window in the CME Globex Notices

Please contact Certification Support for Electronic Trading (CSET) with any questions in the U.S. at +1 312 930 2322, in Europe at +44 20 3379 3803 or in Asia at +65 6593 5593.

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Amendments to References of CME Globex Terminal Operators - May 2

On Monday, May 2, CME Group will update the Messaging Policy documentation as part of an ongoing effort to harmonize references to CME Globex Terminal Operators and the way that such parties are identified across iLink 2 and iLink 3 order entry messaging. Current references to Tag 50 ID will be replaced with “Operator ID”.

This change will be reflected on all CME Group GUIs and supporting materials.

If you have any questions or concerns, please contact your Global Account Manager  for additional information.

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CME FX Link Enhancements - May 2

On Sunday, March 28, CME Group completed the Phase 1 CME FX Link enhancements to provide the following transaction details on the iLink fills for the OTC Spot FX leg instruments:

• Actual OTC Spot FX leg fill price
• Notional value for base currency
• Notional value for counter currency

Effective Sunday, May 2, CME Group will continue to launch the Phase 2 CME FX Link enhancements to provide the Value Date on the iLink fills for the OTC Spot FX leg instruments

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.

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CME FX Link Enhancements: Drop Copy Impact - May 2

On Sunday, March 28, CME Group completed the Phase 1 CME FX Link enhancements on the CME Drop Copy message payload to provide 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:

• Actual OTC Spot FX leg fill price
• Notional value for base currency
• Notional value for counter currency

Effective Sunday, May 2, CME Group will continue to launch the Phase 2 CME FX Link enhancements to provide the Value Date on the iLink fills for the OTC Spot FX leg instruments in the  encapsulated XML Non-Fix (tag 35-MsgType=n) Message.

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.

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iLink 3 SBE Schema Update - May 16

On Sunday, March 28, CME Group completed the launch of iLink 3 SBE Schema version 7 on all market segments. 

The new version 7 schema will support Template Extension for iLink 3 massages sent from Client systems to CME Globex until the end of day Friday, May 14.  Client systems can send iLink 3 messages using version 5 or 7; however CME Globex will only send messages using the version 7.

Effective Sunday, May 16, version 7 schema will be the only supported in production.  Client systems can only send version 7 messages.

Please Note: BrokerTec on CME Globex will remain on iLink 3 schema version 5.

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Product Launches

Freight Route TC18 (Baltic) Futures - This Week

Effective this Sunday, April 25 (trade date Monday, April 26), pending completion of all regulatory review periods, the Freight Route TC18 (Baltic) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

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

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

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Freight Route Liquefied Petroleum Gas (BLPG3) (Baltic) Futures - This Week

Effective this Sunday, April 25 (trade date Monday, April 26), pending completion of all regulatory review periods, the Freight Route Liquefied Petroleum Gas (BLPG3) (Baltic) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

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

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

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Micro Bitcoin Futures  - May 2

Effective Sunday, May 2 (trade date Monday, May 3), pending completion of all regulatory review periods, Micro Bitcoin futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

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.

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USD Crude Palm Oil Bullet Futures and Options  - May 2

Effective Sunday, May 2 (trade date Monday, May 3), pending completion of all regulatory review periods, USD Crude Palm Oil Bullet futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These products 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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Lithium Hydroxide CIF CJK (Fastmarkets) Futures - May 2

Effective Sunday, May 2 (trade date Monday, May 3), pending completion of all regulatory review periods, Lithium Hydroxide CIF CJK (Fastmarkets) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

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

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

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Product Changes

Listing SOFR 3 Month Strip Spreads - This Week

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

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

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

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Change to Option Style for Black Sea Corn and Black Sea Wheat Options - This Week

Effective this Sunday, April 25 (trade date Monday, April 26), the option style for Black Sea Corn and Black Sea Wheat options from the current European option style to the American option style.

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

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Change to Maximum Order Quantity for Gold Futures Calendar Spreads - May 2

Effective Sunday, May 2 (trade date Monday, May 3), the maximum order quantity for Gold Futures calendar spreads will be changed as follows:.

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

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

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Listing Cycle Expansion for EUR/USD Monthly Volatility-Quoted Options and JPY/USD Monthly Volatility-Quoted Options - May 16

Effective Sunday, May 16 (trade date Monday, May 17), the listing cycle for the following EUR/USD Monthly Volatility-Quoted options and JPY/USD Monthly Volatility-Quoted options will be expanded on CME Globex and Trading Floor.

These options will be available for customer testing in New Release on Monday, May 3.

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

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Events and Announcements

Changes to CME Globex Excessive Messaging Threshold (EMT)  - May 2

To further encourage responsible messaging practices during all trading hours in which the Globex platform is available, CME Group is expanding its Excessive Messaging Threshold (EMT) to include all futures and options product groups effective Sunday, May 2 (trade date Monday, May 3).

As a reminder, the Excessive Messaging Threshold (EMT) is separate from the regular Messaging Program and thresholds are as follows:

• Any Globex Firm ID which exceeds a Raw Message Count of 10 million for a Globex trade date and a Volume Ratio >500:1 in a specific product group may be subject to a $10,000 surcharge as well as other escalations.
• Any iLink Session ID which exceeds a Raw Message Count of 1 million for a Globex trade date and a Volume Ratio >500:1 in a specific product group may be subject to a $10,000 surcharge as well as other escalations.

To allow for broad market participation and accommodate the launch of Micro Bitcoin beginning Sunday, May 2 (trade date Monday, May 3), Micro Bitcoin will be exempt from the EMT for the month of May 2021.

Market participants are reminded that both Micro Bitcoin and the existing Bitcoin contract are included in the BF product group and CME recommends making any necessary technical adjustments in order to refrain from exceeding EMT Thresholds at either the Globex Firm ID or iLink Session ID levels.

Please refer to the CME Globex Messaging Efficiency Program or contact the following with any questions:

• Global Command Center (GCC) at 1.800.438.8616.
• Global Account Management

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