CME Globex Notices: September 20, 2021

Critical System Updates

BTIC on Cryptocurrency Futures with Friday Trading - This Week

Effective this Sunday, September 26 (trade date Monday, September 27), pending completion of all regulatory review periods, the following BTIC on cryptocurrency futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

BTIC on Cryptocurrency Futures with Friday Trading
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
BTIC on Bitcoin Futures	BTB	BX	318
BTIC on Micro Bitcoin Futures	MIB	BX	318
BTIC on Ether Futures	ETB	RJ	318

The CME Globex trading hours for these futures will be as follows:

• Sunday - Friday 6:00 p.m. Eastern Time - 4:00 p.m. London Time (11:00 a.m./12:00 p.m. Eastern Time) for same day Reference Rate.
• Monday - Friday 4:30 p.m. London Time (11:30 a.m./12:30 p.m. ET) - 5:00 p.m. Eastern Time for next day Reference Rate.
• Friday 4:30 p.m. London Time (11:30 a.m./12:30 p.m. Eastern Time) - 5:00 p.m. ET for the following Business Day’s Reference Rate.
• Monday - Thursday 5:00 p.m. - 6:00 p.m. Eastern Time daily maintenance period.

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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TACO and BTIC Amended Trading Schedule - This Week

Effective this 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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iLink 3 FIXP Messaging Enhancements - October 3

The previously announced launch of iLink 3 FIXP  messaging enhancements has been postponed to Sunday, October 3. 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, October 3, 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 17, 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 31, 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 is currently available for customer testing in New Release.

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Product Launches

BTIC on Cryptocurrency Futures with Friday Trading - This Week

Effective this Sunday, September 26 (trade date Monday, September 27), pending completion of all regulatory review periods, the following BTIC on cryptocurrency futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

BTIC on Cryptocurrency Futures with Friday Trading
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
BTIC on Bitcoin Futures	BTB	BX	318
BTIC on Micro Bitcoin Futures	MIB	BX	318
BTIC on Ether Futures	ETB	RJ	318

The CME Globex trading hours for these futures will be as follows:

• Sunday - Friday 6:00 p.m. Eastern Time - 4:00 p.m. London Time (11:00 a.m./12:00 p.m. Eastern Time) for same day Reference Rate.
• Monday - Friday 4:30 p.m. London Time (11:30 a.m./12:30 p.m. ET) - 5:00 p.m. Eastern Time for next day Reference Rate.
• Friday 4:30 p.m. London Time (11:30 a.m./12:30 p.m. Eastern Time) - 5:00 p.m. ET for the following Business Day’s Reference Rate.
• Monday - Thursday 5:00 p.m. - 6:00 p.m. Eastern Time daily maintenance period.

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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UpdateUpdate - Petrol Intraday Index on Benchmark Administration Premium - September 27

† Denotes update to the article

Effective this Monday, September 27, CME Group will launch Petroleum Intraday Index on Benchmark Administration Premium MDP.  The Intraday Index will be sent every 15 minutes. 

The messages for this index will be sent on the Benchmark Administration Premium Simple Binary Encoding (SBE) Multicast channel ID 261 via SBE template MDIncrementalRefreshSettle401. The Petroleum Intraday Index will be denoted with 731-SettlPriceType with a bit zero value of 0.

The Intraday Index will include the following values:

Petrol Intraday Index on Benchmark Administration Premium
TAG	FIX NAME	NEW VALID VALUES	DESCRIPTION
269	MDEntryType	3 = Index Value	Indicates the type of price
37500	ClearingProductCode	CVX = †Indicative Petroleum Index	Clearing Product Code
167	SecurityType	INDEX = Index Product	Identifies the type of instrument
731	SettlPriceType	00000000 – Intraday Index	Bitmap field of eight Boolean type indicators representing settlement price type: Bit 0: (least significant bit):    1=Final    0=I

Additional product and instrument reference information can be obtained via Reference Data API.

The Petroleum Index is currently available for customer testing in New Release.

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BRIXX™ Retail Index Futures - October 3

Effective Sunday, October 3 (trade date Monday, October 4), BRIXX™ Retail Index futures and spreads will be listed for trading on CME Globex pending regulatory approval.

BRIXX™ Retail Index Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	FUTURE TAG 762- SECURITYSUBTYPE	Market Data Channel
BRIXX™ Retail Index Futures	BXT	MF	SP (Calendar Spread)	460

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

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

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Launch of E-mini Russell 2000 Monday and Wednesday Options - October 3

Effective Sunday, October 3 (trade date Monday, October 4), pending completion of all regulatory review periods, E-mini Russell 2000 Monday and Wednesday Options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Launch of E-mini Russell 2000 Monday and Wednesday Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Monday Weekly Options on E-mini Russell 2000 Index Futures (European-Style)	R1A, R2A, R3A, R4A, R5A	Outright – R4; UDS – R5	319
Wednesday Weekly Options on E-mini Russell 2000 Index Futures (European-Style)	R1C, R2C, R3C, R4C, R5C	Outright – R4; UDS – R5	319

These  options will be available for customer testing in New Release on Monday, September 20.

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 - October 3

Effective Sunday, October 3 (trade date Monday, October 4), 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 is currently available for customer testing in New Release.

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 is currently available for customer testing in New Release.

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South American Soybean/CBOT Soybean Inter-Commodity Futures Spread - October 3

Effective Sunday, October 3 (trade date Monday, October 4), a new exchange-defined South American Soybean/CBOT Soybean Inter-Commodity futures spread will be made available for trading on CME Globex. This new spread will utilize a new strategy type (BT). 

The BT spread is the simultaneous purchase (sale) of a South American FOB Santos Soybeans Financially Settled (Platts) futures (SAS) and a CBOT Soybean futures (ZS) contract. The BT strategy type will allow customers to trade between the South American Soybean and benchmark CBOT Soybean contract in a single package.

Please review the Client Impact Assessment for detailed spread construction and pricing examples.

The spread 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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Product Changes

Delisting and Removal of S&P 500 Futures and Options - This Week

On Monday, September 20, the following S&P 500 futures and options were delisted, and effective close of business this Friday, September 24, these products will be removed from CME Globex.

Delisting and Removal of S&P 500 Futures and Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
S&P 500 Stock Price Index Futures	SP	SP
Options on S&P 500 Stock Price Index Futures	SP	OS
Options on S&P 500 Stock Price Index Futures - End-of-Month (European-Style)	EV	OS
Weekly Options on S&P 500 Stock Price Index Futures - Week 1-Week 4 (European-Style)	EV1-EV4	OS
Monday Weekly Options on S&P 500 Stock Price Index Futures - Week 1-Week 5 (European-Style)	S1A-S5A	OS
Wednesday Weekly Options on S&P 500 Stock Price Index Futures - Week 1-Week 5 (European-Style)	S1C-S5C	OS
Options on S&P 500 Stock Price Index Futures - End-of-Month (European-Style)	YPC	BM

Please see Special Executive Report-8828 for additional details on position migrations.

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Change to Strike Price Listing for Options on Bitcoin Futures - This Week

Effective this Sunday, September 26 (trade date Monday, September 27), the strike price listing rule will be changed for options on Bitcoin futures on CME Globex and for submission for clearing via CME ClearPort.

Change to Strike Price Listing for Options on Bitcoin Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Strike Price Listing	New Strike Price Listing
Options on Bitcoin Futures	BTC	B2	All contract months: 100000 point strike listed for all contract months 10000 point strike increments from 10000-600% above the ATM strike price 1000 point strike increments from 1000-400% above the ATM strike price Dynamic Strike creation in 25 point strike increments. Nearest four contract months: 500 point strike increments from 50% below to 50% above the ATM strike price. Nearest three contract months: 100 point strike increments from 30% below to 30% above the ATM strike price. Nearest two contract months: If underlying future price falls below 5000, 50 point strike increments from 20% below to 10% above the ATM strike price.	All contract months: Persistent strikes of: 500,000; 100,000; 50,000; 10,000; 5,000; 1,000. 50% up and 50% down at 1000 around settlement price if price is less than or equal to 100,000; 50% up and 50% down at 5000 around settlement price if price is greater than 100,000. Nearest four contract months: 50% up and 50% down at 500 around settlement price if price is less than or equal to 10,000. Nearest three contract months: 50% up and 50% down at 100 around settlement price if price is less than or equal to 5,000. Nearest two contract months: 50% up and 50% down at 50 below settlement price if price is less than or equal to 2,500.

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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Change to Maximum Order Quantity for Micro Bitcoin Futures - This Week

Effective this Sunday, September 26 (trade date Monday, September 27), maximum order quantity, tag 1140-MaxTradeVol for Micro Bitcoin futures will be amended on CME Globex and for submission for clearing via CME ClearPort as follows:

Change to Maximum Order Quantity for Micro Bitcoin Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current tag 1140-MaxTradeVol	New tag 1140-MaxTradeVol
Micro Bitcoin Futures	MBT	BF	100	500
Calendar Spreads on Micro Bitcoin Futures	MBT	BF	100	500

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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Change to Strike Price Listing for E-mini Russell 2000 Options - October 3

Effective Sunday, October 3 (trade date Monday, October 4), the strike price listing rule will be changed for E-mini Russell 2000 Options on CME Globex and for submission for clearing via CME ClearPort.

Change to Strike Price Listing for E-mini Russell 2000 Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Strike Price Listing Schedule	New Strike Price Listing Schedule
Options on E-mini Russell 2000 Index Futures	RTO	R4	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day's settlement price of the underlying futures At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day's settlement price of the underlying futures Once the option's underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day's settlement price of the underlying futures	50 index point integer multiples, when listed: +30% to -50% of the prior day's settlement price on the underlying future contract 10 index point integer multiples, 186 days prior to expiry (6-months prior to expiration): +10% to -25% of the prior day's settlement price on the underlying future contract 5 index point integer multiples, 35 days prior to expiry (or 5 Weeks): +5% to -15% of the prior day's settlement price on the underlying future contract Dynamic strikes allowed at 5 index point increments.
Options on E-mini Russell 2000 Index Futures - End-of-Month	RTM	R4	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	50 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract 10 index point integer multiples, 186 days prior to expiry (6-months prior to expiration): +10% to -25% of the prior day’s settlement price on the underlying future contract 5 index point integer multiples, 35 days prior to expiry (or 5 Weeks): +5% to -15% of the prior day’s settlement price on the underlying future contract Dynamic strikes allowed at 5 index point increments.
Weekly Options on E-mini Russell 2000 Index Futures - Week 1-4	R1E-R4E	R4	R1E, R2E and R4E (Week 1, 2 & 4) 5 index point integer multiples upon listing: +10% to -25% of the prior day’s settlement price on the underlying future contract R3E (Week 3) At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	50 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract 10 index point integer multiples, 186 days prior to expiry (6-months prior to expiration): +10% to -25% of the prior day’s settlement price on the underlying future contract 5 index point integer multiples, 35 days prior to expiry (or 5 Weeks): +5% to -15% of the prior day’s settlement price on the underlying future contract Dynamic strikes allowed at 5 index point increments.

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

For additional information, please refer to Special Executive Report SER-8853.

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

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NewNew - Changes to Velocity Logic Circuit Breakers for Select Energy Products - October 3

Effective Sunday, October 3 (trade date Monday, October 4), all energy products leveraging velocity logic circuit breakers will have their settings modified from their current value to a 10% dynamically calculated variant.

Changes to Velocity Logic Circuit Breakers for Select Energy Products
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Dynamically Calculated Variant	New Dynamically Calculated Variant
NY Harbor ULSD Futures	HO	CL	15% of Dynamically Calculated Reference Price	10% of Dynamically Calculated Reference Price
E-mini Heating Oil Futures	QH	CL	15% of Dynamically Calculated Reference Price
RBOB Futures	RB	CL	15% of Dynamically Calculated Reference Price
E-mini RBOB Gasoline Futures	QU	CL	15% of Dynamically Calculated Reference Price
RBOB Gasoline Financial Futures	RT	CL	7% of Dynamically Calculated Reference Price
Henry Hub Natural Gas Futures	NG	NG	15% of Dynamically Calculated Reference Price
Gulf Coast LNG Export Futures	LNG	LN	7% of Dynamically Calculated Reference Price
E-mini Natural Gas Futures	QG	NG	15% of Dynamically Calculated Reference Price
Henry Hub Natural Gas Look-Alike Penultimate Financial Futures	HP	HX	15% of Dynamically Calculated Reference Price
Henry Hub Natural Gas Penultimate Financial Futures	NPG	HX	7% of Dynamically Calculated Reference Price
Henry Hub Natural Gas Look-Alike Last Day Financial Futures	HH	NG	15% of Dynamically Calculated Reference Price
Henry Hub Natural Gas Last Day Financial Futures	NN	NG	15% of Dynamically Calculated Reference Price
Henry Hub Natural Gas Last Day Financial Futures (Daily Units)	NNE	NG	15% of Dynamically Calculated Reference Price
Light Sweet Crude Oil Futures	CL	CL	15% of Dynamically Calculated Reference Price
E-mini Crude Oil Futures	QM	CL	15% of Dynamically Calculated Reference Price
Micro WTI Crude Oil futures	MCL	CL	15% of Dynamically Calculated Reference Price
Crude Oil Financial Futures	WS	CL	15% of Dynamically Calculated Reference Price
WTI Houston Crude Oil Futures	HCL	HC	7% of Dynamically Calculated Reference Price
Brent Last Day Financial Futures	BZ	OP	15% of Dynamically Calculated Reference Price

For additional information, please refer to Special Executive Report SER-8827.

These settings for every CME Globex product are defined in the CME Globex Product Reference.

These changes 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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Changes to Non-Reviewable Ranges for E-mini and Micro E-mini Nasdaq-100 Futures - October 31

Effective Sunday, October 31 (trade date Monday, November 1), the Non-Reviewable Ranges will be modified for the following products:

Changes to Non-Reviewable Ranges for E-mini and Micro E-mini Nasdaq-100 Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Non-Reviewable Range	New Non-Reviewable Range
E-mini Nasdaq-100 Index® Futures	NQ	NQ	12 Index Points	24 Index Points
Micro E-mini Nasdaq-100 Index® Futures	MNQ	NQ	12 Index Points	24 Index Points

These futures will be available for customer testing in New Release on Monday, October 4.

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

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Events and Announcements

Disaster Recovery (DR) Testing - October 23

CME Group is committed to the protection of its members, employees and stakeholders and has a long history of successfully managing risk. In keeping with those traditions, CME Group has a comprehensive business continuity program in place. To ensure customer readiness, CME Group will offer CME Globex & Clearing Disaster Recovery (DR) Failover testing, in conjunction with the Futures Industry Association (FIA) test on Saturday, October 23.

The CME Globex & Clearing DR Failover test is designed to ensure customers can successfully failover to the CME Globex & Clearing DR environment, send orders and fallback to the production environment in case of an emergency.

Please Note: There is no pre-test Message Queue (MQ) ping requirement for front-end connections to the CME Group.

To register and access the mock testing script, please complete the registration process at FIA's website.

For inquiries regarding the registration process, please contact Steve Proctor at sproctor@fia.org.

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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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NewNew - Messaging Efficiency Program Q4 2021 Benchmarks - Q4 2021

The Q4 2021 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available. No changes were made to Q4 2021 existing Product Group Benchmarks vs. Q3 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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