CME Globex Notices: July 11, 2022

Critical System Updates

CME Benchmark Administration Premium SBE Schema Update - August 7

Effective Sunday, August 7 (trade date Monday, August 8), CME Group will launch a new Simple Binary Encoding (SBE) schema on CME Benchmark Administration Premium channel ID 261. With the introduction of the new SBE schema and streaming CVOL, messaging is expected to increase up to 100 packets per second. The new SBE incremental schema will be sent on:

• CME Benchmark Administration Premium - SBE UDP Multicast
• CME Benchmark Administration Premium - GCP SBE  

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 - August 7

Effective Sunday, August 7 (trade date Monday, August 8), 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. With this launch, messaging is expected to increase up to 100 packets per second.

The CVOL indicator market data messages will be sent on:

• CME Benchmark Administration Premium - SBE UDP Multicast 
• CME Benchmark Administration Premium - GCP SBE

Please review the Client Impact Assessment for additional details.

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

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iLink 3 SBE Schema Update - August 28

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 is currently available in New Release for customer testing.

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

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Event Contracts - September 18

Effective Sunday, September 18 (trade date Monday, September 19), event options contracts will be listed for trading on CME Globex, pending completion of all regulatory review periods. Event contracts are daily-expiring, cash settled, European Style, options on futures contracts. Event 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 options. Event contracts will be listed on a new MDP 3.0 channel (329 - Event Contracts).  

Please review the Client Impact Assessment for additional details.

The event 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

BTICs on New York Cryptocurrency Reference Rates - July 24

Effective Sunday, July 24 (trade date Monday, July 25), pending completion of all regulatory review periods, BTICs on New York Cryptocurrency Reference Rates will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

BTICs on New York Cryptocurrency Reference Rates
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 against New York Close (Bitcoin Reference Rate New York – BRRNY)	BNB	BI	326
BTIC on Micro Bitcoin futures against New York Close (Bitcoin Reference Rate New York – BRRNY)	MYB	BI	326
BTIC on Ether futures against New York Close (Ether-Dollar Reference Rate New York - ETHUSD_NY)	ENB	RN	326
BTIC on Micro Ether futures against New York Close (Ether-Dollar Reference Rate New York - ETHUSD_NY)	EYB	RN	326

These  BTICs 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 - Enable Trading At Settlement (TAS) Functionality for Micro Crude Oil Futures - August 6

Effective Saturday, August 6 (trade date Monday, August 8), pending completion of all regulatory review periods, Micro Crude Oil TAS will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Enable Trading At Settlement (TAS) Functionality for Micro Crude Oil Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Micro Crude Oil TAS	MCT	CT	382

These Micro Crude Oil TAS will be available for customer testing in New Release on Monday, July 25.

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

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NewNew - S&P Select Industry and PHLX Semiconductor Sector Futures - August 7

Effective Sunday, August 7 (trade date Monday, August 8), pending completion of all regulatory review periods, S&P Select Industry and PHLX Semiconductor Sector futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

S&P Select Industry and PHLX Semiconductor Sector Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
E-mini S&P Regional Banks Select Industry Futures	SXB	X3	318
BTIC on E-mini S&P Regional Banks Select Industry Futures	RKT	H4
E-mini S&P Insurance Select Industry Futures	SXI	X4
BTIC on E-mini S&P Insurance Select Industry Futures	IST	H5
E-mini S&P Biotechnology Select Industry Futures	SXT	X5
BTIC on E-mini S&P Biotechnology Select Industry Futures	BOT	H6
E-mini S&P Oil & Gas Exploration & Production Select Industry Futures	SXO	X6
BTIC on E-mini S&P Oil & Gas Exploration & Production Select Industry Futures	SWT	H7
E-mini S&P Retail Select Industry Futures	SXR	X7
BTIC on E-mini S&P Retail Select Industry Futures	RET	H8
E-mini PHLX Semiconductor Sector Futures	SOX	X9
BTIC on E-mini PHLX Semiconductor Sector Futures	SOT	H9

These futures will be available for customer testing in New Release on Monday, July 25.

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

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NewNew - Listing Cobalt Metal (Fastmarkets) Futures Spreads - August 7

Effective Sunday, August 7 (trade date Monday, August 8), the CME will add Cobalt Metal (Fastmarkets) futures spreads for the first 6 contract months on CME Globex.

Listing Cobalt Metal (Fastmarkets) Futures Spreads
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Tag 762- SecuritySubType
Cobalt Metal (Fastmarkets) Futures	COB	CA	SP (Standard Calendar Spreads)

These futures spreads will be available for customer testing in New Release on Monday, July 25.

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

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NewNew - Financially Settled TTF Futures and Options - August 7

Effective Sunday, August 7 (trade date Monday, August 8), 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 (USD/MMBtu) Futures	TFU	FD	386
Dutch TTF Natural Gas (USD/MMBtu) Futures-Style Margined Average Price Option	TFF	T7- OUTS T8- UDS	387
Dutch TTF Natural Gas (USD/MMBtu) Average Price Option	TFP

These contracts will be available for customer testing in New Release on Monday, July 25.

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

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CBL Carbon Offset Trailing Futures - August 7

Effective Sunday, August 7 (trade date Monday, August 8), pending completion of all regulatory review periods, CBL Carbon Offset trailing futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

CBL Carbon Offset Trailing Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
CBL Core Global Emissions Offset Trailing (C-GEO-TR) Futures	COT	VX	380
CBL Nature-Based Global Emissions Offset Trailing (N-GEO-TR) Futures	NOT	VX	380

These CBL Carbon Offset trailing futures will be available for customer testing in New Release on Monday, July 25.

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

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Lumber Futures and Options on Lumber Futures - August 7

Effective Sunday, August 7 (trade date Monday, August 8), pending completion of all regulatory review periods, Lumber Futures and Options on Lumber futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Lumber Futures and Options on Lumber Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Lumber Futures	LBR	LU	316
Options on Lumber Futures	LBR	W3	317

These contracts will be available for customer testing in New Release on Monday, July 25.

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

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NewNew - Listing Pack Spreads on 3-Month SOFR Futures: Resting Order Eliminations - August 28

Effective Sunday, August 28 (trade date Monday, August 29), pack spreads on 3-Month SOFR futures for 1-year average priced bundle future spreads (tag 762-SecuritySubtype=SB) will be listed for trading on CME Globex. With this listing,

• certain existing Balanced Strip Spreads (SB) for example, SR3 1-Year AB vs. 1-Year AB spreads will be removed.

• the external alias on specific balanced SB spreads for example 1-Year AB vs. 1-Year AB spreads will reflect PK for example, SR3:SB PK to support both consecutive and non-consecutive 1-Year SB spreads based upon the two nearest quarterly months to expiration.

To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for existing 1-year average priced bundle future spreads, by the close on Friday, August 26. After 16:00 CT on Friday, August 26, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).

Listing Pack Spreads on 3-Month SOFR Futures: Resting Order Eliminations
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	TAG 762-SECURITYSUBTYPE	TAG 969 - MINPRICEINCREMENT	MDP 3.0 CHANNEL
3-Month SOFR Pack Spread	SR3	SS	PK (Pack Spread)	0.100000000	312

These spreads will be available for customer testing in New Release on Monday, August 1.

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

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Event Contracts - September 18

Effective Sunday, September 18 (trade date Monday, September 19), event options contracts will be listed for trading on CME Globex, pending completion of all regulatory review periods. Event contracts are daily-expiring, cash settled, European Style, options on futures contracts. Event 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 options. Event contracts will be listed on a new MDP 3.0 channel (329 - Event Contracts).  

Please review the Client Impact Assessment for additional details.

The event 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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Bursa Malaysia Derivatives (BMD) Crude Palm Oil vs East Malaysia Crude Palm Oil Inter-Commodity Futures Spreads - October 2

Effective Sunday, October 2 (trade date Monday, October 3), 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	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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30-Year Uniform Mortgage-Backed Security (UMBS) To-Be-Announced (TBA) Futures - October 2

Effective Sunday, October 2 (trade date Monday, October 3), pending completion of all regulatory review periods, 30-Year Uniform Mortgage-Backed Security (UMBS) To-Be-Announced (TBA) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

30-Year Uniform Mortgage-Backed Security (UMBS) To-Be-Announced (TBA) Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
30-Year UMBS TBA Futures - 2.0% Coupon	20U	BM	344
30-Year UMBS TBA Futures - 2.5% Coupon	25U
30-Year UMBS TBA Futures - 3.0% Coupon	30U
30-Year UMBS TBA Futures - 3.5% Coupon	35U
30-Year UMBS TBA Futures - 4.0% Coupon	40U
30-Year UMBS TBA Futures - 4.5% Coupon	45U
30-Year UMBS TBA Futures - 5.0% Coupon	50U

These  futures will be available for customer testing in New Release on Monday, July 18.

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

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Product Changes

NewNew - Delisting and Removal of MISO Michigan Hub Peak Calendar-Day 5 MW Real-Time LMP Futures - This Week

On Monday, July 11 the following MISO Michigan Hub Peak Calendar-Day 5 MW Real-Time LMP futures were delisted, and effective close of business Friday, July 15 these futures will be removed from CME Globex.

Delisting and Removal of MISO Michigan Hub Peak Calendar-Day 5 MW Real-Time LMP Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
MISO Michigan Hub Peak Calendar-Day 5 MW Real-Time LMP Futures	MCT	PW

These futures currently have no open interest.

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Listing Cycle Expansion for E-mini S&P 500 Tuesday and Thursday Weekly Options - July 17

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 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 U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Average Price Option - July 17

Effective Sunday, July 17 (trade date Monday, July 18), the strike price listing rule will be changed for U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Average Price options listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Change to Strike Price Listing for U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Average Price Option
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current	New
U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Average Price Option	HRO	H1	ATM + 30 strikes in 5.00 increments plus dynamic strikes in 5.00 increments above and below the highest and lowest pre-listed strikes for the nearest 24 months. Dynamic strikes only for months 25+ at 5.00 increments.	ATM + 12 strikes at 25.00 increments plus dynamic strikes at 5.00 increments for the nearest 24 months. Dynamic strikes only at 5.00 increments for months 25+.

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

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

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NewNew - Listing Cycle Expansion for 3-Month SOFR Futures - July 24

Effective Sunday, July 24 (trade date Monday, July 25), the listing cycle for the Three-Month SOFR futures will be expanded on CME Globex.

Listing Cycle Expansion for 3-Month SOFR 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
Three-Month SOFR Futures	SR3	SS	39 quarterly months	4 serial contract months and 41 quarterly months

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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Renaming BTICs on Cryptocurrency Futures - July 24

Effective Sunday, July 24 (trade date Monday, July 25), the BTICs on Cryptocurrency futures will be renamed as follows:

Renaming BTICs on Cryptocurrency 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
BTIC on Bitcoin futures	BTIC on Bitcoin futures against London Close (Bitcoin Reference Rate – BRR)	BTB	BX
BTIC on Micro Bitcoin futures	BTIC on Micro Bitcoin futures against London Close (Bitcoin Reference Rate – BRR)	MIB	BX
BTIC on Ether futures	BTIC on Ether futures against London Close (Ether-Dollar Reference Rate – ETHUSD_RR)	ETB	RJ
BTIC on Micro Ether futures	BTIC on Micro Ether futures against London Close (Ether-Dollar Reference Rate – ETHUSD_RR)	EMB	RJ

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

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Change to Price Format for Dow Jones Real Estate Futures - August 7

Effective Sunday, August 7 (trade date Monday, August 8), the price format for Dow Jones Real Estate futures will be changed as follows:

Change to Price Format for Dow Jones Real Estate Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	TAG 9787-DISPLAYFACTOR (CURRENT)	TAG 9787-DISPLAYFACTOR (NEW)
Dow Jones Real Estate Futures	RX	RX	0.100000000	0.010000000

Please note: The financial value of the minimum tick will be unchanged.

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

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

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Changes to Silver and Copper Weekly Monday and Wednesday Options: Resting Order Eliminations - August 7

Effective Sunday, August 7 (trade date Monday, August 8), pending regulatory approval, the match algorithm for silver and copper weekly Monday and Wednesday options will be amended as follows:

Please Note: To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for these contracts, by the close on Friday, August 5. After 16:00 CT on Friday, August 5, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).

Changes Silver and Copper Weekly Monday and Wednesday Options: Resting Order Eliminations
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	CURRENT TAG 1142-MATCHALGORITHM	NEW TAG 1142-MATCHALGORITHM
Silver Weekly Monday Option	M1S - M5S	SO (UDS: S1)	K-Split FIFO and C-Pro Rata	F-FIFO
Copper Weekly Monday Option	H1M - H5M	1U (UDS: 2U)
Silver Weekly Wednesday Option	W1S-W5S	SO (UDS: S1)
Copper Weekly Wednesday Option	H1W - H5W	1U (UDS: 2U)

These changes 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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Events and Announcements

CME Group DR Datacenter Migration and Test

CME Group is pleased to announce the move and upgrade of our backup datacenter as part of our commitment to the protection of our customers. Last year, we completed the migration of our Disaster Recovery clearing systems, and we are now focused on CME Globex and supporting systems. To ensure customer can connect to our new backup datacenter, CME Group will be holding mock disaster recovery testing on Saturday, September 10.

Please Note: Customers do not need to test from Disaster Recovery – please plan to stay in your production environment.

Customers must register in advance to participate. Please review the mock trading script for additional details.

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