CME Globex Notices: June 21, 2021

Critical System Updates

CME Globex Performance Enhancements - This Week

The CME Globex Performance Enhancements will continue Sunday, June 27. CME Group is implementing infrastructure and hardware upgrades to futures and options markets on the CME Globex platform. In internal testing, these enhancements improved performance on CME Globex more than 20% for both iLink 2 and iLink 3 order entry and MDP 3.0.

LAUNCH DATE	MARKET SEGMENT ID	MARKET SEGMENT DESCRIPTION
June 27	52	CME Globex FX Futures II CME Globex FX Options II
	56	DME Globex Options NYMEX Globex Crude & Crude Refined Options NYMEX Globex Nat Gas & other Non-Crude Energy Options NYMEX Globex Metals, Softs & Alternative Markets Options COMEX Globex Options
	68	CME Globex Equity Futures excluding ES CBOT Globex Equity Index Futures
	72	CME Globex Equity Options excluding ES CBOT Globex Equity Index Options
	78	NYMEX Globex Emissions Futures NYMEX Globex Nat Gas & other Non-Crude Energy Futures
July 11	50	CME Interest Rate Options
	54	CME Globex ES Equity Options CME Globex Equity Options - Micro E-mini
	64	CME Equity Futures
	76	NYMEX Globex Metals, Softs and Alternative Markets Futures COMEX Globex Futures
	82	CME Globex Interest Rate Futures CBOT Interest Rate Futures II
	88	CME Globex FX Futures CME Globex FX Options
July 25	58	CBOT Interest Rate Options
	60	CME Globex Commodity Options CBOT Globex Commodity Options MGEX Globex Options
	74	BMD Globex Futures BMD Globex Options
	80	DME Globex Futures NYMEX Globex Crude & Crude Refined Futures
	84	CBOT Interest Rate Futures

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CME FX Link Enhancements: New Zealand Dollar/US Dollar Spot FX Impact - This Week

Effective this Sunday, June 27 (trade date Monday, June 28), to align spreads trading between CME FX futures and the OTC FX market for the New Zealand Dollar (NZD) Futures, CME Group will update the following features:

• Change to tag 1151-Security Group
• Differentiated tag 75-TradeDate and tag 64-SettleDate(Value date) roll schedules between the New Zealand Dollar futures and its untradeable OTC Spot FX leg instrument published in the Security Definition (35=d) message.
  • For example, for Sunday July 4, 2021 through Monday July 5, 2021, 14:00, NZD future and NZD Link trade date will be Tuesday, July 6 and NZD spot leg trade date will be Monday, July 5. Currently, for Sunday, July 4 through Monday, July 5 14:00, NZD future, NZD Link and NZD spot leg would share the same trade date of Tuesday, July 6.

Please Note: All Holiday trading schedules are communicated by the Global Command Center and are available on cmegroup.com.

CME FX Link Enhancements: New Zealand Dollar/US Dollar Spot FX Impact
Product	MDP 3.0: tag 6937-Asset	Current iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	New iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
New Zealand Dollar/US Dollar Spot FX	NZDUSD	02 (Zero-2)	10

Additional information on Trade and Value Date processing is available on Client System Wiki.

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

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Product Launches

Micro USD/JPY, USD/CAD and USD/CHF Futures with OTC Quoting Convention - This Week

Effective this Sunday, June 27 (trade date Monday, June 28), pending completion of all regulatory review periods, Micro USD/JPY, Micro USD/CAD and Micro USD/CHF futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Micro USD/JPY, USD/CAD and USD/CHF Futures with OTC Quoting Convention
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Micro USD/JPY Futures	M6J	6J	314
Micro USD/CAD Futures	M6C	6C	320
Micro USD/CHF Futures	M6S	6S	314

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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E-mini S&P 500 Quarterly PM European Style Options - This Week

Effective this Sunday, June 27 (trade date Monday, June 28), pending completion of all regulatory review periods, E-mini S&P 500 Quarterly PM European Style options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

E-mini S&P 500 Quarterly PM European Style Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel	ITC Code
Options on E-mini Standard and Poor's 500 Stock Price Index Futures - Quarterly PM (European-Style)	EYC	CM (UDS: CN)	311	N/A

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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Financially Settled TTF Futures and Options - July 11

Effective Sunday, July 11 (trade date Monday, July 12), pending completion of all regulatory review periods, Financially Settled TTF futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Financially Settled TTF Futures and Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Dutch TTF Natural Gas Financial Calendar Month Futures	TTG	FD	386
Dutch TTF Natural Gas Financial Day-Ahead/Weekend (ICIS Heren) Calendar Month Futures	TTI	FD	386
Dutch TTF Natural Gas Financial (USD/MMBtu) (ICIS Heren) M-1 Average Price Calendar Month Futures	TTB	FD	386
Dutch TTF Natural Gas Futures-Style Margined Financial Calendar Month Option	TTL	Outs-T3, UDS-T4	386

These Financially Settled TTF futures and options will be available for customer testing in New Release on Monday, June 28.

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

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Micro WTI Crude Oil Futures - July 11

Effective Sunday, July 11 (trade date Monday, July 12), pending completion of all regulatory review periods, Micro WTI Crude Oil futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Micro WTI Crude Oil Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel	ITC Code
Micro WTI Crude Oil Futures	MCL	CL	382	n/a

These Micro WTI Crude Oil futures will be available for customer testing in New Release on Monday, June 28.

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

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NewNew - Low Sulphur Gasoil (10 mt) Financial Futures - July 11

Effective Sunday, July 11 (trade date Monday, July 12), pending completion of all regulatory review periods, Low Sulphur Gasoil (10 mt) Financial futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Low Sulphur Gasoil (10 mt) Financial Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Low Sulphur Gasoil (10 mt) Financial Futures	MQA	RF	382

These Low Sulphur Gasoil (10 mt) Financial futures will be available for customer testing in New Release on Monday, June 28.

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

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Product Changes

NewNew - Listing Cycle Reduction WTI Houston Futures and Delisting of WTI Houston Futures and Options - June 17

On Thursday, June 17 (trade date Friday, June 18), the listing cycle for the following WTI Houston Crude Oil futures were reduced on CME Globex:

Listing Cycle Reduction for WTI Houston 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
WTI Houston Crude Oil Futures	HCL	HC	Monthly contracts listed for the current year and the next 3 calendar years plus 2 additional contract months	Monthly contracts listed through and including Dec-21

With this change, on Friday, June 18 the following WTI Houston futures and options were delisted and removed from CME Globex:

Delisting and Removal of WTI Houston Futures and Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
WTI Houston Crude Oil Option	HCO	H3
WTI Houston Trade Month Futures	HTE	CC
WTI Houston Calendar Month Futures	HTC	CC
WTI Houston vs. WTI Trade Month Futures	HTI	CC
WTI Houston vs. WTI Calendar Month Futures	HTM	CC
WTI Houston vs. Brent Trade Month Futures	HBR	CC
WTI Houston vs. Brent Calendar Month Futures	HBC	CC
WTI Houston vs. Dated Brent (Platts) Calendar Month Futures	HDB	CC
WTI Houston Trade Month Average Price Option	HCA	EP
WTI Houston Calendar Month Average Price Option	HCC	EP
WTI Houston vs. WTI Crude Oil Spread Option	HAP	EP
WTI Houston vs. WTI Calendar Month Average Price Option	HPO	EP
WTI Houston vs. Brent Crude Oil Spread Option	HCB	EP
WTI Houston vs. Brent Calendar Month Average Price Option	HCR	EP
WTI Houston vs. Dated Brent (Platts) Average Price Option	HCD	EP

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

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Elimination of CME Equity Futures and Options Market Pause - This Week

Effective this Sunday, June 27 (trade date Monday, June 28), CME Group will eliminate the 15 minute market pause from 3:15-3:30 with Security Status (tag 35-Msg-Type=f) message where tag 326-SecurityTradingStatus=21 (Pre-Open) for these CME Equity Index futures and options.

With this change, the affected equity futures and options products will trade from Sunday-Friday, 5pm-4pm CT, daily, with a 4pm-5pm CT maintenance period.

Please note: S&P 500 futures and options (250 multiplier) as well as all BTIC and TACO products will not be impacted.

For additional information, please refer to Special Executive Report SER-8788.

These changes 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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Change to Strike Price Listing for Crude Oil and Brent Crude Oil Weekly Options - This Week

Effective this Sunday, June 27 (trade date Monday, June 28), the strike price listing rule will be changed for Crude Oil and Brent Crude Oil Weekly options and will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Change to Strike Price Listing for Crude Oil and Brent Crude Oil Weekly Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Listing Cycle	New Listing Cycle
Crude Oil Weekly Option	LO1-LO5	LO	Minimum 20 strikes at $0.50 per barrel strike increment above and below the at-the-money strike then 10 strikes at $2.50 per barrel strike increment above and below the highest and lowest $0.50 per barrel increment strikes plus dynamic strikes at $0.50 per barrel strike increment.	Minimum 20 strikes at $0.25 per barrel strike increment above and below the at-the-money strike, then 10 strikes at $0.50 per barrel strike increment on the nearest 0.50 interval above and below the highest and lowest $0.25 per barrel increment strikes, then 10 strikes at $2.50 per barrel strike increment on the nearest 2.50 interval above and below the highest and lowest $0.50 per barrel increment strikes plus dynamic strikes at $0.25 per barrel strike increment.
Brent Crude Oil Weekly Option	BW1-BW5	OT	Minimum 20 strikes at $0.50 per barrel strike increment above and below the at-the-money strike then 10 strikes at $2.50 per barrel strike increment above and below the highest and lowest $0.50 per barrel increment strikes plus dynamic strikes at $0.50 per barrel strike increment.	Minimum 20 strikes at $0.25 per barrel strike increment above and below the at-the-money strike, then 10 strikes at $0.50 per barrel strike increment on the nearest 0.50 interval above and below the highest and lowest $0.25 per barrel increment strikes, then 10 strikes at $2.50 per barrel strike increment on the nearest 2.50 interval above and below the highest and lowest $0.50 per barrel increment strikes plus dynamic strikes at $0.25 per barrel strike increment.

These Crude Oil and Brent Crude Oil Weekly Options is 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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Listing Cycle Expansion for Gulf Coast LNG Export Futures - July 11

Effective Sunday, July 11 (trade date Monday, July 12), the listing cycle for the following Gulf Coast LNG Export Futures will be expanded on CME Globex.

Listing Cycle Expansion for Gulf Coast LNG Export 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
Gulf Coast LNG Export Futures	LNG	LN	Monthly contracts listed for 24 consecutive months	Weekly contracts listed for 24 consecutive months

These futures will be available for customer testing in New Release on Monday, June 28.

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

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NewNew - Dynamic Circuit Breakers for CME FX Futures - July 11

Effective Sunday, July 11 (trade date Monday, July 12), dynamic circuit breakers will be introduced to the following CME FX futures and all associated products:

Dynamic Circuit Breakers for CME FX Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	DYNAMIC CIRCUIT BREAKER SETTINGS
Euro FX Futures	6E	6E	4% of dynamically calculated reference price
Canadian Dollar Futures	6C	6C
British Pound Futures	6B	6B
Japanese Yen Futures	6J	6J
Australian Dollar Futures	6A	6A
New Zealand Dollar Futures	6N	6N
Swiss Franc Futures	6S	6S
Norwegian Krone Futures	NOK	NO
Swedish Krona Futures	SEK	SE

These settings for all CME Globex products are defined in the CME Globex Product Reference.

This change will be available for customer testing in New Release on Monday, June 28.

This contract is listed with, and subject to, the rules and regulations of CME.

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NewNew - Circuit Breakers for Metals Futures - July 11

Effective Sunday, July 11 (trade date Monday, July 12), circuit breakers will be added to the following metals futures products:

Circuit Breakers for Metals Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	CIRCUIT BREAKER SETTINGS
Shanghai Gold (USD) Futures	SGU	AG	10% of dynamically calculated reference price
Shanghai Gold (CNH) Futures	SGC	AG
Gold/Silver Ratio Futures	GSR	GV
Gold/Platinum Spread Futures	GPS	GP
Aluminum Futures	ALI	AL
U.S Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Futures	HRC	HR
U.S Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Average Price Options	HRO	H1
Iron Ore 62% Fe, CFR China (TSI) Futures	TIO	IO
Iron Ore 62% Fe, CFR China (TSI) Average Price Options	ICT	I5
Cobalt Metal (Fastmarkets) Futures	COB	CA
Platinum/Palladium Spread Futures	PPS	PU
U.S. Midwest Domestic Steel Premium (CRU) Futures	HDG	HD

The settings for all CME Globex products are defined in the CME Globex Product Reference.

This change will be available for customer testing in New Release on Monday, June 28.

This contract is listed with, and subject to, the rules and regulations of CME.

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NewNew - Amendment of Circuit Breakers for Short-Term Interest Rate Products  - July 25

Effective Sunday, July 25 (trade date Monday, July 26), pending all relevant CFTC regulatory review periods, circuit breaker values will be modified for the following Short-Term Interest Rate (STIR) products.

AMENDMENT OF CIRCUIT BREAKERS FOR SHORT TERM INTEREST RATE PRODUCTS
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	CURRENT CIRCUIT BREAKER SETTINGS (FIXED)	NEW CIRCUIT BREAKER SETTING (DYNAMIC)
Three-Month Eurodollar Futures	GE	ZE	RTH ETH Level 1: 3000 1000 Level 2: 4000 2000 Level 3: 5000 3000 Level 4: 6000 4000 Level 5: No Limit No Limit	50 Basis Points
One-Month Eurodollar Futures	GLB	EM
One-Month SOFR Futures	SR1	SS
Three-Month SOFR Futures	SR3	SS
MPC SONIA Futures	MPC	S9
Quarterly IMM SONIA Futures	SON	S8
Mexican Funding TIIE (Monthly Contracts) Futures	TIE	MI	RTH ETH Level 1: 100 100 Level 2: 200 200 Level 3: 300 300 Level 4: 400 400 Level 5: No Limit No Limit	100 Index Points
30-Day Federal Funds Futures	ZQ	ZQ	RTH ETH Level 1: 3000 1000 Level 2: 4000 2000 Level 3: 5000 3000 Level 4: 6000 4000 Level 5: No Limit No Limit	50 Basis Points

This change will be available for customer testing in New Release on Monday, July 12.

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

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Change to E-mini NASDAQ Biotechnology Futures - August 15

Effective Sunday, August 15 (trade date Monday, August 16), CME Group will make the following changes to the minimum price increment tag 969-MinPriceIncrement and unit of measure quantity 1147- UnitOfMeasureQty for E-mini NASDAQ Biotechnology futures.

Change to E-mini NASDAQ Biotechnology Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	CURRENT TAG 969 - MINPRICEINCREMENT	NEW TAG 969 - MINPRICEINCREMENT	CURRENT TAG 1147 - UNITOFMEASUREQTY	NEW TAG 1147 - UNITOFMEASUREQTY
E-mini NASDAQ Biotechnology Futures	BIO	BQ	10.000000000	50.000000000	50.000000000	25.000000000

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

This contract is listed with, and subject to, the rules and regulations of CME.

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Events and Announcements

NewNew - Messaging Efficiency Program Q3 2021 Benchmarks  - Now Available

The Q3 2021 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available. No changes were made to Q3 2021 existing Product Group Benchmarks vs. Q2 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.

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NewNew - Firm Administrator Dashboard Maintenance - This Week

The Firm Administrator Dashboard (FADB) will be unavailable this Saturday, June 26, 2021 until 5:00 PM CT due to scheduled maintenance.

Customers are asked to refrain from making any change requests into the FADB during this time frame as they will not be saved to production.

Please contact your Global Account Manager with any questions or concerns.

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CME SPAN 2 Margin Methodology - Q4 2021

CME Group is targeting the initial launch of SPAN 2 Margin Methodology in Q4 2021, starting with a subset of energy products. Any firm that currently uses the CME SPAN methodology and trades impacted products will need to implement one of the following services for computing CME SPAN 2 margin requirements:

• CME Core – a CME Group hosted web application for Margin Calculation “CME CORE”
• Margin API – a CME Group hosted margin calculation API
• Deployable Margin Software – a CME Group java margin calculation library

Please Note: A limited number of existing pre-trade execution margin calculation processes may continue to be supported.

Firms using CME SPAN for pre-trade risk management can contact the Post Trade Services team for more information:

US	UK	APAC
+1 312 580 5353	+44 20 3379 3500	+65 6593 5599

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