• CME Globex Notices: June 6, 2022

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      • CME Globex and Market Data Customers
      • From
      • Global Market Solutions & Services (GMSS)
      • #
      • 20220606
      • Notice Date
      • 09 June 2022
    • For the latest roadmap of CME Group technology initiatives:
      See the Development Launch Schedule.

      Critical System Updates

      CME Benchmark Administration Premium SBE Schema Update - July 24

      Effective Sunday, July 24 (trade date Monday, July 25), CME Group will launch a new Simple Binary Encoding (SBE) schema on CME Benchmark Administration Premium channel ID 261. The new SBE incremental schema will be sent on:

      Please review the Client Impact Assessment for additional details.

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

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      CVOL Live Streaming Launch and SBE Template Migration - July 24

      Effective Sunday, July 24 (trade date Monday, July 25), CME Group will launch CME Group Volatility Index (CVOL™), Live Streaming and migrate all current CVOL messaging to a new Simple Binary Encoding (SBE) template.

      The CVOL indicator market data messages will be sent on:

      Please review the Client Impact Assessment for additional details.

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

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      Event-Based Contracts

      At a launch date to be announced, event-based options contracts will be listed for trading on CME Globex, pending completion of all regulatory review periods. Event-based contracts are daily-expiring, cash settled, European Style, options on futures contracts. Event-based contracts will provide access to some of our most recognized global products, including metals, energy, equities, and foreign currencies. Additionally, non-tradable underlying futures will be listed to support the new event-based options. Event-based contracts will be listed on a new MDP 3.0 channel (329 - Event-Based Contracts).  

      Please review the Client Impact Assessment for additional details.

      The event-based contracts are currently available for customer testing in New Release.

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

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      Product Launches

      Canadian Western Red Spring Wheat FOB Vancouver Financially Settled (Platts) Futures - This Week

      Effective this Sunday, June 12 (trade date Monday, June 13), and pending completion of all regulatory review periods, Canadian Western Red Spring Wheat FOB Vancouver Financially Settled (Platts) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Canadian Western Red Spring Wheat FOB Vancouver Financially Settled (Platts) Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Market Data Channel
      Canadian Western Red Spring Wheat FOB Vancouver Financially Settled (Platts) Futures CWR CR 340

      These Canadian Western Red Spring Wheat FOB Vancouver Financially Settled (Platts) 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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      NewNew - Micro Refined Products - June 26

      Effective Sunday, June 26 (trade date Monday, June 27), pending completion of all regulatory review periods, two new Micro Refined products will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Micro Refined Products
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Market Data Channel
      Micro NY Harbor ULSD Futures MHO CL 382
      Micro RBOB Gasoline Futures MRB CL 382

      These  new products will be available for customer testing in New Release on Monday, June 13.

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

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      Bursa Malaysia Derivatives (BMD) Crude Palm Oil vs East Malaysia Crude Palm Oil Inter-Commodity Futures Spreads - July 24

      Effective Sunday, July 24 (trade date Monday, July 25), and pending final regulatory approval, inter-commodity spreads between Bursa Malaysia Derivatives (BMD)’s Crude Palm Oil vs BMD East Malaysia Crude Palm Oil futures will be made available for trading on CME Globex.

      BURSA MALAYSIA DERIVATIVES (BMD) CRUDE PALM OIL VS EAST MALAYSIA CRUDE PALM OIL INTER-COMMODITY FUTURES SPREADS
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      TAG 762-SECURITYSUBTYPE Market Data Channel
      Crude Palm Oil vs East Malaysia Crude Palm Oil Futures FCPO-FEPO BC IS 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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      Event-Based Contracts

      At a launch date to be announced, event-based options contracts will be listed for trading on CME Globex, pending completion of all regulatory review periods. Event-based contracts are daily-expiring, cash settled, European Style, options on futures contracts. Event-based contracts will provide access to some of our most recognized global products, including metals, energy, equities, and foreign currencies. Additionally, non-tradable underlying futures will be listed to support the new event-based options. Event-based contracts will be listed on a new MDP 3.0 channel (329 - Event-Based Contracts).

      Please review the Client Impact Assessment for additional details.

      The event-based contracts are currently available for customer testing in New Release.

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

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      Product Changes

      Sunsetting Eurodollar Options  - This Week

      Effective this Sunday, June 12 (trade date Monday, June 13), Eurodollar and Mid Curve option quarterlies will be sunset, and no additional contracts expiring after June 16, 2023, will be listed.

      Additionally, serial and weekly Eurodollar options expiring prior to the June 2023 expiration will continue to be listed per product listing rules.

      Please Note: All currently listed expirations will remain listed and continue to trade. 

      Sunsetting Eurodollar Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      LISTING RULE
      Options on Three-Month Eurodollar Futures GE GE 16 quarterlies and 4 serials
      One-Year Mid-Curve Eurodollar Options GE0 E0 5 quarterlies and 4 serials
      Two-Year Mid-Curve Eurodollar Options GE2 E2
      Three-Year Mid-Curve Eurodollar Options GE3 E3
      Four-Year Mid-Curve Eurodollar Options GE4 E4
      Five-Year Mid-Curve Eurodollar Options GE5 E5
      Weekly One-Year Mid-Curve Eurodollar Options - Week 1 E01 E2 2 weeklies
      Weekly One-Year Mid-Curve Eurodollar Options - Week 2 E02 E1
      Weekly One-Year Mid-Curve Eurodollar Options - Week 3 E03 E0
      Weekly One-Year Mid-Curve Eurodollar Options - Week 4 E04
      Weekly One-Year Mid-Curve Eurodollar Options - Week 5 E05
      Weekly Two-Year Mid-Curve Eurodollar Options - Week 1 E21 E2
      Weekly Two-Year Mid-Curve Eurodollar Options - Week 2 E22
      Weekly Two-Year Mid-Curve Eurodollar Options - Week 3 E23
      Weekly Two-Year Mid-Curve Eurodollar Options - Week 4 E24
      Weekly Two-Year Mid-Curve Eurodollar Options - Week 5 E25
      Weekly Three-Year Mid-Curve Eurodollar Options - Week 1 E31 E3
      Weekly Three-Year Mid-Curve Eurodollar Options - Week 2 E32 E4
      Weekly Three-Year Mid-Curve Eurodollar Options - Week 3 E33 E5
      Weekly Three-Year Mid-Curve Eurodollar Options - Week 4 E34 E6
      Weekly Three-Year Mid-Curve Eurodollar Options - Week 5 E35 E7
      Eurodollar Calendar Spread Options SPO 8I 4 1-year calendar spreads
      Three-Month Mid-Curve Eurodollar Options TE2 G3 1 month of Mar, Jun, Sep, Dec.
      2 month of Jan, Feb, Apr, May, Jul, Aug, Oct, Nov
      Six-Month Mid-Curve Eurodollar Options TE3 G6
      Nine-Month Mid-Curve Eurodollar Options TE4 G4

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      Changes to Lead Month Roll Procedure for E-mini S&P 500 and Micro E-mini S&P 500 Futures - This Week

      Effective this Sunday, June 12 (trade date Monday, June 13), the lead month roll procedure for E-mini S&P 500 and Micro E-mini S&P 500 futures will be amended on CME Globex as follows:

      Changes to Lead Month Roll Procedure for E-mini S&P 500 and Micro E-mini S&P 500 Futures
      Product Name MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current
      Lead Month Roll Procedure
      New
      Lead Month Roll Procedure
      E-mini Standard & Poor’s 500 Stock Price Index Futures

      ES

      ES Lead month rolls quarterly effective on the Thursday one week prior to expiration Lead month rolls quarterly effective on the Monday of the week of expiration
      Micro E-mini Standard & Poor’s 500 Stock Price Index Futures

      MES

      EO

      Please Note: This change will be implemented for the June 2022 roll, making the March 2022 contracts the final roll using the existing procedure.

      For example, the June 2022 quarterly contracts expire on Friday, June 17, 2022. Prior to the June quarterly contract expiration, the lead month will switch from the June contract to the September contract on Sunday, June 12, 2022, for trade date Monday, June 13, 2022, as opposed to Thursday, June 9, 2022, under the existing procedure.

      This change will reflect the current observed trading patterns around roll dates and align the lead month roll for the contracts with the balance of the Exchange’s U.S. Equity Products.

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      Listing Cycle Expansion for Crude Oil TAS and Brent Crude Oil TAS - This Week

      Effective this Sunday, June 12 (trade date Monday, June 13), the listing cycle for the following Crude Oil TAS and Brent Crude Oil TAS will be expanded on CME Globex.

      Listing Cycle Expansion for Crude Oil TAS and Brent Crude Oil TAS
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current
      Listing Schedule
      New
      Listing Schedule
      Crude Oil TAS

      CLT

      CT TAS spreads, all combinations, for 6 months TAS spreads, all combinations, for 6 months and additional Jun-Dec & Dec-Jun spreads
      Brent Crude Oil TAS

      BZT

      CT TAS eligibility for 6 months and the next Dec TAS eligibility for 12 months and the next December

      These products 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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      Renaming Bursa Malaysia Crude Palm Oil - Gasoil Spread Futures - This Week

      Effective this Sunday, June 12 (trade date Monday, June 13), the Bursa Malaysia Crude Palm Oil - Gasoil Spread futures will be renamed to USD Malaysian Crude Palm Oil – European Low Sulphur Gasoil Spread futures.

      Renaming Bursa Malaysia Crude Palm Oil - Gasoil Spread Futures
      Current Product Name New Product Name iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Bursa Malaysia Crude Palm Oil - Gasoil Spread Futures

      USD Malaysian Crude Palm Oil – European Low Sulphur Gasoil Spread Futures

      POG UC

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

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      Listing Cycle Expansion for Crypto Futures - June 26

      Effective Sunday, June 26 (trade date Monday, June 27), the listing cycle for the following Crypto futures and BTICs will be expanded on CME Globex.

      Listing Cycle Expansion for Crypto 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
      Bitcoin Futures

      BTC

      BF Monthly contracts listed for 6 consecutive months and 2 additional December contract months. If the 6 consecutive months includes December, list only 1 additional December contract month. Monthly contracts listed for 6 consecutive months, 4 additional quarterly contracts, plus a second December, if not already listed.
      BTIC on Bitcoin Futures

      BTB

      BX
      Ether Futures

      ETH

      EZ
      BTIC on Ether Futures

      ETB

      RJ
      Micro Bitcoin Futures

      MBT

      BF
      BTIC on Micro Bitcoin Futures

      MIB

      BX
      BTIC on Bitcoin Futures

      MET

      EZ
      BTIC on Micro Ether Futures

      EMB

      RJ

      These futures will be available for customer testing in New Release on Monday, June 13.

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

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      Listing Cycle Extension and Change to Strike Price for Crypto Options - June 26

      Effective Sunday, June 26 (trade date Monday, June 27), the contract and strike price listing rules will be changed for various Crypto options.

      Listing Cycle Extension and Change to Strike Price for Crypto Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current
      Listing Schedule
      New
      Listing Schedule
      Current and New Strike Price Rules
      Options on Bitcoin Futures BTC B2 Monthly contracts listed for 6 consecutive months and 2 additional Dec contract months. If the 6 consecutive months includes Dec, list only 1 additional Dec contract month. Monthly contracts listed for 6 consecutive months, 4 additional quarterly contracts, plus a second December, if not already listed. Please see Special Executive Report for current and new strike price listing rules.
      Monthly Options on Micro Bitcoin Futures

      WM

      B1 2 monthlies Monthly contracts listed for 6 consecutive months, 4 additional quarterly contracts, plus a second December, if not already listed.
      Monday Weekly Options on Micro Bitcoin Futures

      W1A-W5A

      B1 1 weekly Unchanged
      Wednesday Weekly Options on Micro Bitcoin Futures

      W1C-W5C

      B1 1 weekly Unchanged
      Friday Weekly Options on Micro Bitcoin Futures

      W1E-W4E

      B1 1 weekly Unchanged
      Monthly Options on Micro Ether Futures

      VM

      T5 2 monthlies Monthly contracts listed for 6 consecutive months, 4 additional quarterly contracts, plus a second December, if not already listed.
      Monday Weekly Options on Micro Ether Futures

      V1A-V5A

      T5 1 weekly Unchanged
      Wednesday Weekly Options on Micro Ether Futures

      V1C-V5C

      T5 1 weekly Unchanged
      Friday Weekly Options on Micro Ether Futures

      V1E-V4E

      T5 1 weekly Unchanged

      These options will be available for customer testing in New Release on Monday, June 13.

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

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