• CME Globex Notices: August 29, 2022

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      • CME Globex and Market Data Customers
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      • Global Market Solutions & Services (GMSS)
      • #
      • 20220829
      • Notice Date
      • 01 September 2022
    • For the latest roadmap of CME Group technology initiatives:
      See the Development Launch Schedule.

      Critical Updates

      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.

      In preparation for the upcoming launch, event contract options and underlying futures are now available in the CME Globex production environment as non-tradable.

      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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      Energy Gasoil Crack Spreads - September 18

      Effective Sunday, September 18 (trade date Monday, September 19), new exchange defined Energy Gasoil Crack spreads will be made available for trading on CME Globex. The new spreads will use a new strategy type (TB) and trade at a reduced tick.

      The TB spread is an inter-commodity ratio futures spread allowing the simultaneous purchase (sale) of a distilled product (i.e., Low Sulphur Gasoil) with a corresponding sale (purchase) of the raw product from which it was produced (i.e., Crude Oil).

      Please review the Client Impact Assessment for additional details.

      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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      iLink 3 Order Cancel and Cancel/Replace Requests by ClOrdID - October 2

      Starting Sunday, October 2 (trade date Monday, October 3), CME Group will begin launching a new risk management feature that allows clients to cancel and modify resting orders using FIX tag 11-ClOrdID, without providing tag 37-OrderID. This feature will be enabled for all CME Group futures and options on futures on CME Globex. It is only available on iLink 3 sessions using the v8 schema. However, iLink 2 sessions are also impacted by this launch.

      Prior to each launch weekend, clients must ensure all resting Good Till Cancel (GTC) and Good Till Date (GTD) orders have a unique tag 11-ClOrdID value per SenderComp and market segment. On each launch weekend, any resting GTC/GTD orders will be evaluated for duplicative ClOrdID values per SenderComp and market segment. Orders with duplicate values will be eliminated prior to the open.

      Please review the Client Impact Assessment for full technical details and launch schedule.

      Certification in AutoCert+ is required to utilize the new Order Cancel and Cancel/Replace Requests by ClOrdID functionality. This change and the new AutoCert+ test suite are currently available in New Release for customer testing and certification.

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      Product Launches

      Listing Cycle Expansion for E-Mini S&P 500 Monday, Wednesday, and Specific Friday Weekly Options - September 11

      Effective Sunday, September 11 (trade date Monday, September 12), the listing cycle for the following E-mini S&P 500 Monday, Wednesday, and Friday Weekly options will be expanded on CME Globex.

      Listing Cycle Expansion for E-Mini S&P 500 Monday, Wednesday, and Specific Friday 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
      Monday Weekly Options on E-mini Standard and Poor's 500 Stock Price Index Futures (European-Style) E1A-E5A EW Weekly contracts listed for 4 consecutive weeks Weekly contracts listed for 5 consecutive weeks
      Wednesday Weekly Options on E-mini Standard and Poor's 500 Stock Price Index Futures (European-Style)

      E1C-E5C

      EW

      Weekly contracts listed for 4 consecutive weeks

      Weekly contracts listed for 5 consecutive weeks

      Weekly Options on E-mini Standard and Poor's 500 Stock Price Index Futures (European-Style)

      EW1, EW2, EW4

      EW

      4 weekly contracts listed for week 1, week 2 and week 4 and 9 weekly contracts listed for week 3

      6 weekly contracts listed for week 1, week 2 and week 4 and 9 weekly contracts listed for week 3

      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.

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      Options on Ether Futures - September 12

      Effective Sunday, September 11 (trade date Monday, September 12), pending completion of all regulatory review periods, Options on Ether Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Options on Ether Futures

      Product

      MDP 3.0: tag 6937-Asset

      iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group

      Market Data Channel

      Options on Ether Futures

      ETH

      Outrights: T9; UDS - T0 (zero)

       

      327

      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.

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      Energy Gasoil Crack Spreads - September 18

      Effective Sunday, September 18 (trade date Monday, September 19), new exchange defined Energy Gasoil Crack spreads will be made available for trading on CME Globex. The new spreads will use a new strategy type (TB) and trade at a reduced tick.

      The TB spread is an inter-commodity ratio futures spread allowing the simultaneous purchase (sale) of a distilled product (i.e., Low Sulphur Gasoil) with a corresponding sale (purchase) of the raw product from which it was produced (i.e., Crude Oil).

      Please review the Client Impact Assessment for additional details.

      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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      Events 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.

      In preparation for the upcoming launch, event contract options and underlying futures are now available in the CME Globex production environment as non-tradable.

      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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      Additional CVOL Indices on Benchmark Administration Premium - September 25

      Effective Sunday, September 25 (trade date Monday, September 26), the following CME Group Volatility Index (CVOL) products will be listed on Benchmark Administration Premium UDP Multicast and GCP SBE.

      Additional CVOL Indices on Benchmark Administration Premium

      Product Name

      Tag 55 - Symbol

      TAG 37500 - ClearingProductCode

      TENOR SELECTION

      Multicast channel &
      GCP SBE Channel Number

      SR3 1-YEAR MIDCURVE 90-DAY (S1VL)

      SKEW:S1VL

      S1VL

      Tenor Selection 7 (90 DTE)

      261

      DNVAR:S1VL

      ATMVOL:S1VL

      CVOL:S1VL

      CONVEX:S1VL

      UPVAR:S1VL

      SR3 2-YEAR MIDCURVE 90-DAY (S2VL)

      UPVAR:S2VL

      S2VL

      SKEW:S2VL

      DNVAR:S2VL

      CONVEX:S2VL

      CVOL:S2VL

      ATMVOL:S2VL

      SOFR-SR3 90-DAY(SRVL)

      DNVAR:SRVL

      SRVL

      ATMVOL:SRVL

      UPVAR:SRVL

      CVOL:SRVL

      CONVEX:SRVL

      SKEW:SRVL

      Additional product and instrument information are defined in Reference Data API.

      The CVOL Indexes are currently available for customer testing in New Release.

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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 Securities (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 Securities (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 Securities (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 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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      Product Changes

      Sunsetting Eurodollar Options  - September 11

      Effective Sunday, September 11 (trade date Monday, September 12), Eurodollar and Mid Curve option quarterlies will be sunset. No additional Weekly Mid-Curve, Term Mid-Curve, Mid-Curve, and Calendar Spread Options contracts will be listed after Monday, September 12, 2022.

      Please Note: All currently listed expirations will remain listed including the April and May 2023 contracts.

       

      SUNSETTING EURODOLLAR OPTIONS

      PRODUCT

      MDP 3.0: TAG 6937-ASSET

      ILINK: TAG 55-SYMBOL
      MDP 3.0 TAG 1151 - SECURITY GROUP

      CURRENT LISTING RULE

      new LISTING RULE

      One-Year Mid-Curve Eurodollar Options

      GE0

      E0

      4 serials

      No additional serials shall be added upon a front serial expiration

       

      (April and May 2023 serials and all subsequent serials will not be listed)

       

      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

      No additional weeklies shall be added upon a front weekly expiration

       

      (Week 1 October and all subsequent contracts)

      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

      No additional monthly shall be added upon a front monthly expiration

       

      (Sept 2023 quarterly will not be listed. November 2022 serial will be the last serial listed)

      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

      No additional monthly shall be added upon a front monthly expiration

       

      (Dec 2022 and all subsequent contracts)

      Six-Month Mid-Curve Eurodollar Options

      TE3

      G6

      Nine-Month Mid-Curve Eurodollar Options

      TE4

      G4

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

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      Changes to Bursa Malaysia Derivatives (BMD) Gold Futures - September 18

      Effective Sunday, September 18 (trade date Monday, September 19), and pending final regulatory approval, the Bursa Malaysia Derivatives (BMD) Gold futures security definition (tag 35-MsgType=d) message will be amended as follows:

      • Change to tag 996-UnitOfMeasure
      • Change to tag 1147-UnitOfMeasureQty
      • Change to tag 969-MinPriceIncrement
      • Afternoon Trading Session Hours

      Changes to Bursa Malaysia Derivatives (BMD) Gold Futures

      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      CURRENT
      Tag 996-Unitofmeasure
      NEW
      Tag 996-Unitofmeasure
      CURRENT
      Tag 1147-UnitofmeasureQty
      NEW
      Tag 1147-UnitofmeasureQty
      CURRENT
      Tag 969-Minpriceincrement
      NEW
      Tag 969-Minpriceincrement
      Bursa Malaysia Derivatives Gold Futures FGLD BG GRAMS TRYOZ 100 40 .05 .10

      New Afternoon Trading Session
       

      Current
      Monday - Friday Afternoon Trading Session

      New
      Monday – Friday Afternoon Trading Session

      Afternoon Trading Session Hours 1430 hours – 1830 hours (Malaysia time) 1430 hours – 1730 hours (Malaysia time)

      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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      NewNew - Change to Maximum Order Quantity for SPIKES™ Volatility Index Futures - September 25

      Effective Sunday, September 25 (trade date Monday, September 26), the maximum order quantity for the SPIKES™  Volatility Index futures, TAS futures and spreads will increase on CME Globex as follows:

      • 1140-MaxTradeVol from 100 to 1999 for outrights
      • 1140-MaxTradeVol from 100 to 2500 for spreads

      change to maximum order quantity

      PRODUCT

      MDP 3.0: TAG 6937-ASSET

      ILINK: TAG 55-SYMBOL
      MDP 3.0 TAG 1151 - SECURITY GROUP

      Tag 762-SecuritySubType

      SPIKES™ Volatility Index Futures

      SPK

      MX

      RT (Reduced Tick Spread)

      SPIKES™  Volatility Index Futures TAS

      SPT

      MV

      SP (Standard Calendar Spread)

      The maximum order quantity applied to each instrument are identified in the Security Definition (tag 35-MsgType=d) message in tag 1140-MaxTradeVol. 

      These changes will be available for customer testing in New Release on Monday, September 12.

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

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      NewNew - Change to Bursa Malaysia Derivatives (BMD) Extended Night Trading Session - December 2022

      In December 2022 and pending final regulatory approval, Bursa Malaysia Derivatives (BMD) will extend its night trading session for selected products on CME Globex. Due to the time difference between Malaysian Time and Central Time, the extended night trading session activities will begin the business day prior to actual trade date in Malaysian time. The new extended 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 Extended Night Trading Session 

       

      Current

      Monday - Thursday Night Trading Session

      New

      Monday - Thursday Night Trading Session

       

      21:00:00 hours to 23:30:00 hours (Malaysia time)

      21:00:00 hours to 02:30:00 hours (Malaysia time)

       

      Selected Products for Extended Night Trading Session 

      PRODUCT

      MDP 3.0: TAG 6937-ASSET

      ILINK: TAG 55-SYMBOL
      MDP 3.0 TAG 1151 - SECURITY GROUP

      FTSE  Kuala Lumpur Composite Index Futures

      FKLI

      BE

      Gold Futures

      FGLD

      BG

      MINI FTSE BURSE MALAYSIA MID 70 IDX

      FM70

      BS

      FTSE Kuala Lumpur Composite Index Options

      OKLI

      BO (UDS: BU)

      BMD Tin Futures

      FTIN

      BN

      3 Month Kuala Lumpur Interbank Offered Rate Futures

       

      FKB3

       

      BT

       

      This change will be available for customer testing in New Release, Monday, September 12.

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

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      Events and Announcements

      UpdateUpdate - CME Group DR Datacenter Migration Test Postponed - March 2023

      The mock disaster recovery test previously scheduled for September 10 has been postponed to early March 2023. Additional details, test scripts, and registration information will be announced in future CME Globex Notices. In the interim, we look forward to our customers joining us for the FIA Disaster Recovery Test on October 15, 2022.

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      NewNew - Cessation of Eurodollar CVOL Indices - March 6

      On Monday, March 6, 2023, the calculation and publication of the following three Eurodollar CVOL benchmarks and associated derivative indicators, which use Eurodollar futures and options as input data, will permanently cease as approved by the CVOL Oversight Committee.

      • Eurodollar 90-day CVOL
      • Eurodollar 1-year Mid-curve 90-day CVOL
      • Eurodollar 2-year Mid-curve 90-day CVOL

      Additional information on this change is available on the CVOL webpage.

      Any comments or queries regarding the cessation of the three Eurodollar CVOLs should be sent to benchmark@cmegroup.com.

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