• CME Globex Notices: August 9, 2021

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      • CME Globex and Market Data Customers
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      • Global Market Solutions & Services (GMSS)
      • #
      • 20210809
      • Notice Date
      • 12 August 2021
    • For the latest roadmap of CME Group technology initiatives:
      See the Development Launch Schedule.

      Critical System Updates

      UpdateUpdate - IP Address Change for CME CF Rates and Indexes MDP  - This Week

      † Denotes update to the article

      Effective close of business this Friday, †August 13, CME Group will change source IPs for CME CF Rates and Indexes MDP as follows:

      IP Address Change for CME CF Rates and Indexes MDP
      CHANNEL NAME CHANNEL ID HOST CURRENT SOURCE IP ADDRESSES NEW SOURCE IP ADDRESSES
      CME CF Rates and Indexes MDP 213 Primary 69.50.115.69
      69.50.115.70
      205.209.220.21
      205.209.220.22
      Backup 69.50.119.45
      69.50.119.46
      205.209.213.24
      205.209.213.25

      A new Streamlined config.xml file will be available for customer download  Saturday, †August 14. See additional information on  SFTP - MDP Configuration.

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      CME Globex Performance Enhancements - August 22

      The CME Globex Performance Enhancements will continue Sunday, August 22. Below is the updated timelines. 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
      August 22 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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      iLink 3 FIXP Messaging Enhancements - September 26

      Effective Sunday, September 26  (trade date Monday, September 27), CME Group will implement enhancements to iLink 3 FIXP messages to be a more consistent customer experience. With this change, any error conditions for Negotiate and Establish with invalid UUID and/or NextSeqNo will lead to the FIXP session being terminated. Currently, we reject FIXP messages in some scenarios and terminate sessions in other scenarios.

      These enhancements will be reflected on the FIXP messages as follows:

      iLink 3 FIXP Messaging Enhancements

      Request from Client System to CME Globex Response from CME Globex to Client System
      FIXP Message Error Conditions Current New
      Negotiate Missing UUID Negotiation Reject Terminate
      UUID is not greater than the UUID used in the last successful Negotiate/Establish message Negotiation Reject Terminate
      Establish Missing UUID Establishment Reject Terminate
      UUID does not match with the UUID used in the previous Negotiate message Establishment Reject Terminate
      Missing NextSeqNo Establishment Reject Terminate

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

      ILINK 3 FIXP MESSAGING ENHANCEMENTS TIMELINE
      MARKET SEGMENT ID MARKET SEGMENT DESCRIPTION PRODUCTION LAUNCH
      76 NYMEX Metals, Softs and Alternative Markets Futures; COMEX Futures Sunday, September 26, 2021
      12
      50
      60
      70
      Order Entry Service Gateway
      CME Interest Rate Options
      CME, CBOT and MGEX Commodity Options
      CME, CBOT and MGEX Commodity Futures
      Sunday, October 3, 2021
      52
      54
      56

      58
      64
      68
      72
      74
      78
      80
      82
      84
      88
      CME FX Futures and Options II
      CME Equity Options - S&P Option
      NYMEX Emissions Options; NYMEX Energy, Metals, Softs and Alternative Market Options; COMEX Options; DME Options
      CBOT Interest Rate Options
      CME Equity Futures – E-mini S&P
      CME Equity Futures II; CBOT Equity Futures
      CBOT and CME Equity Options; excluding S&P
      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
      CBOT Interest Rate Futures
      CME FX Futures and Options
      Sunday, October 17, 2021

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      Bursa Malaysia Derivatives (BMD) Night Trading Session  - December 2021

      In December 2021 and pending final regulatory approval, Bursa Malaysia Derivatives (BMD) will add a night trading session for all active products on CME Globex. Due to the time difference between Malaysian time and Central time, the night trading session activities will begin the business day prior to actual trade date in Malaysian time. The new night trading session will be open for trading Monday - Thursday.

      There will be no Friday night trading session. There is no impact to the current Monday - Friday day trading sessions.

      New Night Trading Session
      Product

      NEW
      Monday - Thursday Night Trading Session

      Night Session Trading Hours 21:00:00 hours to 23:30:00 hours (Malaysia time)

      Example of Monday-Thursday Trading Schedule

      • Trades executed during Monday night trading session will have a Tuesday trade date
      • Trades executed during Tuesday night trading session will have a Wednesday trade date
      • Trades executed during Wednesday night trading session will have a Thursday trade date
      • Trades executed during Thursday night trading session will have a Friday trade date
      • Friday night trading session is not supported

      Example of a Night Trading Session
      This example shows the night trading session market phases using a Monday, August 9, 2021 night trading session, with trades executed for a Tuesday, August 10, 2021 trade date.

      Monday Night Trading Session with a Tuesday Trade Date
      Night Session Trading Market State Malaysian Time (MYT)
      Pre-Open 20:45:00
      No-cancel 20:59:30
      Open 21:00:00
      Pause 23:30:00

       

      Products for Night Trading Session
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Crude Palm Oil Futures FCPO BC
      FTSE Kuala Lumpur Composite Index Futures FKLI BE
      Gold Futures FGLD BG
      USD RBD Palm Olein futures  FPOL BL
      MINI FTSE BURSE MALAYSIA MID 70 IDX FM70 BS
      Crude Palm Oil Options OCPO BP (UDS: BZ)
      FTSE Kuala Lumpur Composite Index Options OKLI BO (UDS: BU)
      FUPO BMD CRUDE PALM OIL FUPO BA
      Option on USD RBD Palm Olein Futures OPOL B8
      CRUDE PALM KERNEL OIL FUTURES FPKO BK
      BMD Tin Futures FTIN BN
      East Malaysia Crude Palm Oil Futures FEPO BR
      3 Month Kuala Lumpur Interbank Offered Rate Futures FKB3 BT

      This change will be available for customer testing in New Release, Monday, August 16.

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      Product Launches

      Micro Treasury Yield Futures - This Week

      Effective this Sunday, August 15 (trade date Monday, August 16), pending completion of all regulatory review periods, Micro Treasury Yield Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Micro Treasury Yield Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Market Data Channel
      Micro 2-Year Yield Futures 2YY 2Y 344
      Micro 5-Year Yield Futures 5YY 5Y 344
      Micro 10-Year Yield Futures 10Y 4Y 344
      Micro 30-Year Yield Futures 30Y 6Y 344

      These futures 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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      Three-Month Bloomberg Short-Term Bank Yield Index (BSBY) Futures - August 22

      Effective Sunday, August 22 (trade date Monday, August 23), pending completion of all regulatory review periods, Three-Month Bloomberg Short-Term Bank Yield Index (BSBY) Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Three-Month Bloomberg Short-Term Bank Yield Index (BSBY) Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Market Data Channel
      Three-Month Bloomberg Short-Term Bank Yield Index (BSBY) Futures BSB BW 312
      3 Mo SOFR vs BSBY Inter-commodity Spread SR3
      BSBY vs Eurodollar Inter-commodity Spread BSB
      Three-Month BSBY Calendar Spreads BSB
      Three-Month BSBY Butterfly BSB
      Three-Month BSBY Double Butterfly BSB
      Three-Month BSBY Condor BSB
      Three-Month BSBY Bundle BSB
      Three-Month BSBY Balanced Strip BSB

      These Three-Month Bloomberg Short-Term Bank Yield Index (BSBY) 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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      Bursa Malaysia Derivatives (BMD) East Malaysia Crude Palm Oil Futures - September 12

      Effective Sunday, September 12 (trade date Monday, September 13), and pending final regulatory approval, Bursa Malaysia Derivatives (BMD)’s East Malaysia Crude Palm Oil futures contract and spreads will be made available for trading on CME Globex.

      Bursa Malaysia Derivatives (BMD) East Malaysia Crude Palm Oil Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Market Data Channel
      East Malaysia Crude Palm Oil Futures FEPO BR 430

      This change will be available for customer testing in New Release on Monday, August 16.

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

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      Fixed Price Ratio Inter-Commodity Futures Spread - October 3

      Effective Sunday, October 3 (trade date Monday, October 4), a new exchange-defined Fixed Price Ratio Inter-Commodity futures spreads will be made available for trading on CME Globex. The new spread will utilize a new strategy type (AE).

      The AE spread is the simultaneous purchase(sale) of two energy contracts of different leg quantity ratios where the spread will trade at a fixed price ratio of 1:1. The AE spread will allow customers to trade two energy contracts of varying leg ratios in a single package.

      Please review the client impact assessment for detailed spread construction and pricing examples.

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

      The spread will be available for customer testing in New Release on Monday, August 23.

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      Product Changes

      Change to E-mini NASDAQ Biotechnology Futures - This Week

      Effective this Sunday, August 15 (trade date Monday, August 16), the minimum price increment (tag 969-MinPriceIncrement) and unit of measure quantity (1147- UnitOfMeasureQty) for E-mini NASDAQ Biotechnology futures will be modified as follows:

      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
      BTIC on E-mini NASDAQ Biotechnology Futures BIT TQ Unchanged Unchanged 50.000000000 25.000000000

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

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

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      Changes to Minimum Price Increment for New Zealand Dollar/U.S. Dollar (NZD/USD) Futures - This Week

      Effective this Sunday, August 15 (trade date August 16), pending the completion of all regulatory review periods, tag 969-MinimumPriceIncrement for New Zealand Dollar/U.S. Dollar (NZD/USD) futures will change as follows:

      Changes to Minimum Price Increment for New Zealand Dollar/U.S. Dollar (NZD/USD) 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
      New Zealand Dollar/U.S. Dollar (NZD/USD) Futures 6N 6N 1.000000000 0.500000000

      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.

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      Listing Cycle Expansion for Dutch TTF Natural Gas Calendar Month Futures - This Week

      Effective this Sunday, August 15 (trade date Monday, August 16), the listing cycle for the following Dutch TTF Natural Gas Calendar Month futures will be expanded on CME Globex.

      Listing Cycle Expansion for Dutch TTF Natural Gas Calendar Month 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
      Dutch TTF Natural Gas Calendar Month Futures TTF FD Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. Monthly contracts listed for the current year and the next 10 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

      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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      Listing Cycle Expansion for North European Hot-Rolled Coil Steel (Argus) Futures - August 22

      Effective Sunday, August 22 (trade date Monday, August 23), the listing cycle for the North European Hot-Rolled Coil Steel (Argus) futures will be expanded on CME Globex.

      Listing Cycle Expansion for North European Hot-Rolled Coil Steel (Argus) 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
      North European Hot-Rolled Coil Steel (Argus)Futures EHR MA Monthly contracts listed for twelve (12) consecutive months. Add a new contract month after the nearby expiry. Monthly contracts listed for eighteen (18) consecutive months. Add a new contract month after the nearby expiry.

      These futures will be available for customer testing in New Release on Monday, August 16.

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

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      Change to E-mini FTSE 100 and Developed European Index Futures Strategy Type - August 22

      Effective Sunday, August 22 (trade date Monday, August 23), the CME Group will change the tag 762-SecuritySubType in the Security Definition (tag 35-MsgType=d) message for the E-mini FTSE 100 and Developed European Index futures from EQ (Calendar Spread) to RT (Reduced Tick) on CME Globex. To support these changes, the existing SP (Calendar Spread) products will be removed on Friday, August 14, 2021.

      Please Note: To facilitate this change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders after the close on August 13. After 16:00 CT on August 13, all remaining GT orders for these spreads will be cancelled or deleted by the CME Global Command Center (GCC).

      Change to E-mini FTSE 100 and Developed European Index Futures Strategy Type
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      CURRENT TAG 762-
      SECURITYSUBTYPE
      NEW TAG 762-
      SECURITYSUBTYPE
      E-mini FTSE 100 (GBP) Index Futures FTI FZ EQ (Calendar Spread) with All Possible Combos RT (Reduced Tick Spread) with all possible combos
      E-mini FTSE 100 (USD) Index Futures FTU FZ EQ (Calendar Spread) with All Possible Combos RT Futures - Reduced Tick (RT) with all possible combos
      E-mini FTSE Developed Europe Index Futures DVE DV EQ (Calendar Spread) with All Possible Combos RT Futures - Reduced Tick (RT) with all possible combos

      This change 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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      NewNew - Listing Cycle Expansion for Cobalt Metal (Fastmarkets) Futures - September 12

      Effective Sunday, September 12 (trade date Monday, September 13), the listing cycle for the following Cobalt Metal (Fastmarkets) futures will be expanded on CME Globex.

      Listing Cycle Expansion for Cobalt Metal (Fastmarkets) 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
      Cobalt Metal (Fastmarkets) Futures COB CA Monthly contracts listed for the current year and the next 2 calendar years. Monthly contracts listed for the current year and the next 3 calendar years.

      These changes will be available for customer testing in New Release on Monday, August 30.

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

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      NewNew - Changes to Monthly and Weeklies Options on Brazilian Real/U.S. Dollar Futures - September 12

      Effective Sunday, September 12 (trade date Monday, September 13), the following changes will be implemented for Options on Brazilian Real/U.S. Dollar (BRL/USD) futures:

      • Reduce minimum price increment tag 969-MinPriceIncrement
      • Reduce strike increment
      Changes to Options on Brazilian Real/U.S. Dollar 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 Strike Increment New Strike Increment
      Monthly and Weeklies Options on Brazilian Real/U.S. Dollar (BRL/USD) Futures BR (Monthly)

      1R-5R (Weeklies)
      OR 0.500000000 0.100000000 0.00500 0.00100

      These changes will be available for customer testing in New Release on Monday, August 30.

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      TACO and BTIC Amended Trading Schedule - September 26

      Effective Sunday, September 26 (trade date Monday, September 27), and pending all relevant CFTC regulatory review periods, the Basis Trade at Cash Open (“TACO”) and Basis Trade at Index Close (“BTIC”) will open for Monday’s trade date on the previous Friday afternoon.

      With this change and for the first time, CME Globex will support trading for a trade date over a weekend. The trade date for these products will not roll over on the weekend. This change will impact iLink 2 and iLink 3 order entry, MDP 3 market data, and CME STP and CME STP FIX.

      Please review the Client Impact Assessment for information on functionality and messaging impacts.

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

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      Events and Announcements

      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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