Topics in this issue include:
For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.
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.
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.
To support the upcoming CME Globex enhancements, the iLink 3 SBE schema will be updated to version 8 starting Sunday, August 28. More information regarding these enhancements will be published in the future CME Globex Notices. The overview of iLink 3 schema updates is now available.
In order to ease customer development efforts, the new SBE schema files will support Template Extension for iLink 3 messages sent from client systems to CME Globex until the end of day Friday, November 18. Client systems can send iLink 3 messages using schema version 7 or 8; however CME Globex will only send messages using schema version 8.
Futures and Options on Futures - Production Rollout
| DATE | MESSAGES FROM CLIENT | MESSAGES FROM CME GLOBEX |
|---|---|---|
Currently |
V7 |
V7 |
August 28 through October 2: Phased launch |
V7 or V8 for market segments that support V8 |
V8 for market segments that support 8 |
October 2 |
V7 or V8 for all segments |
V8 only |
November 20 |
V8 only |
V8 only |
Effective Sunday, November 20, version 8 schema will be the only version supported in production. Client systems can only send version 8 messages.
The new version 8 schema will be available in New Release for customer testing starting on Tuesday, July 5.
To support the new iLink 3 schema rollout the CME SFTP site will be updated as follows:
| NEW RELEASE: /MSGW/PRODUCTION/TEMPLATES | ||
|---|---|---|
| SCHEMA VERSION | CURRENT STATE | July 5 |
| V7 | ilinkbinary.xml | iLinkbinary_v7.xml |
V8 |
n/a | ilinkbinary.xml |
| PRODUCTION: /MSGW/PRODUCTION/TEMPLATES | ||
| SCHEMA VERSION | CURRENT STATE | August 28 |
| V7 | ilinkbinary.xml | iLinkbinary_v7.xml |
| V8 | n/a | ilinkbinary.xml |
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.
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 are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
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.
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.
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 are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CME.
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 are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CME.
Effective Sunday, July 10 (trade date Monday, July 11), dynamic circuit breaker functionality will be implemented for select NYMEX contracts.
The dynamic circuit breaker settings for all CME Globex products are defined in the CME Globex Product Reference.
| Implementation of Dynamic Circuit Breaker Functionality for Select NYMEX Contracts | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
NEW DYNAMICALLY CALCULATED VARIANT | |
| CBL Global Emissions Offset Futures | GEO | VX | 10% of Dynamically Calculated Reference Price | |
| CBL Nature-Based Global Emissions Offset Futures | NGO | VX | ||
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Effective Sunday, July 17 (trade date Monday, July 18), the listing cycle for the following E-mini S&P 500 options will be expanded on CME Globex.
| Listing Cycle Expansion for E-mini S&P 500 Tuesday and Thursday Weekly 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 |
| E-mini S&P 500 Tuesday Weekly Options - Week 1-5 | E1B-E5B | EW | One Weekly Tuesday Option | Two Weekly Tuesday Options |
| E-mini S&P 500 Thursday Weekly Options - Week 1-5 | E1D-E5D
|
EW | One Weekly Thursday Option | Two Weekly Thursday Options |
This change will be available for customer testing in New Release on Monday, July 11.
These contracts are listed with, and subject to, the rules and regulations of CME.