CME Globex Notices: September 12, 2022

Critical Updates

Event Contracts - This Week

Effective this 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 - This Week

Effective this 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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NewNew - CME FX Instrument Migration and Market Data Channel Consolidation - October 30

On Sunday, October 30 (trade date Monday, October 31), to streamline the dissemination of CME FX market data offerings, CME FX futures and options instruments will be migrated onto distinct existing market segments and their MDP 3.0 market data channels consolidated on CME Globex as follows:

• Migrate all CME FX futures and FX Link instruments to a single market segment (MDP 3.0: Tag 1300-MarketSegmentID=52) from the current two market segments.
• Migrate all CME FX options instruments to a single existing market segment (MDP 3.0: Tag 1300-MarketSegmentID=88) from the current two market segments.
• Consolidate the CME FX futures market data channels to a single market data channel (MDP 3.0: TAG ApplID-1180=314) from the current two market data channels
• Consolidate the CME FX Options market data channels to a single market data channel (MDP 3.0: TAG ApplID-1180=321) from the current two market data channels

With this update the IP configuration for MSGW iLink and Drop Copy sessions will be updated. iLink and Drop Copy Convenience Gateway (CGW) network configurations will not be impacted.

Source IP information for configured firewall or network devices will not be impacted by these changes. These changes will not impact data licensing and entitlement requirements. The updated MDP 3.0 channel config file will reflect the new CME FX futures and options product mapping.

Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders will not be cancelled with these changes.

Please review the client impact assessment for additional details.

These changes will be available for customer testing in New Release on Monday, October 3.

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Product Launches

Energy Gasoil Crack Spreads - This Week

Effective this 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 - This Week

Effective this 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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Ethylene CFR NE Asia (ICIS) Futures and Propylene CFR NE Asia (ICIS) Futures  - October 1

Effective Saturday, October 1 (trade date Monday, October 3), pending completion of all regulatory review periods, the Ethylene CFR NE Asia (ICIS) futures and Propylene CFR NE Asia (ICIS) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Ethylene CFR NE Asia (ICIS) Futures and Propylene CFR NE Asia (ICIS) Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Ethylene CFR NE Asia (ICIS) Futures	NA2	JR	386
Propylene CFR NE Asia (ICIS) Futures	NA3	JR	386

These futures will be available for customer testing in New Release on Monday, September 19.

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

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Argus North American Crude Oil Futures - October 2

Effective Sunday, October 2 (trade date Monday, October 3), pending completion of all regulatory review periods, Argus North American Crude Oil futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Argus North American Crude Oil Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Southern Green Canyon (Argus) vs. WTI Trade Month Futures	SCT	CC	382
Bakken Cushing (Argus) vs. WTI Trade Month Futures	BKT	CC	382
Southern Green Canyon (Argus) vs. WTI Financial Futures	SCF	CC	382
Bakken Cushing (Argus) vs. WTI Financial Futures	BKF	CC	382

These  futures will be available for customer testing in New Release on Monday, September 19.

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

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E-mini Nasdaq-100 Tuesday & Thursday Options - October 2

Effective Sunday, October 2 (trade date Monday, October 3), pending completion of all regulatory review periods, E-mini Nasdaq-100 Tuesday and Thursday options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

E-mini Nasdaq-100 Tuesday & Thursday Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Tuesday Weekly Options on E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style)	Q1B-Q5B	QZ	319
Thursday Weekly Options on E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style	Q1D-Q5D	QZ	319

These  options will be available for customer testing in New Release on Monday, September 19.

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

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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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UpdateUpdate - 30-Year Uniform Mortgage-Backed Securities (UMBS) To-Be-Announced (TBA) Futures - October 23

† Denotes update to the article

† Effective Sunday, October 23 (trade date Monday, October 24), 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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Additional CVOL Indices on Benchmark Administration Premium - October 23

Effective Sunday, October 23 (trade date Monday, October 24), 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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Product Changes

Listing Additional Contract Months for Certain Eris SOFR Swap Futures - This Week

Effective this Sunday, September 18 (trade date Monday, September 19), pending completion of all regulatory review periods, the following additional contract months will be listed for certain Eris SOFR Swap futures on CME Globex and for submission for clearing via CME ClearPort.

Listing Additional Contract Months for Certain Eris SOFR Swap Futures
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	Additional Contract Months
3-Year Eris SOFR Swap Futures	YIC	EB	Dec 2019 through Sep 2020
4-Year Eris SOFR Swap Futures	YID	EB	Dec 2018 through Sep 2020
5-Year Eris SOFR Swap Futures	YIW	EB	Dec 2017 through Sep 2020
7-Year Eris SOFR Swap Futures	YIB	EJ	Dec 2015 through Sep 2020
10-Year Eris SOFR Swap Futures	YIY	EJ	Dec 2012 through Sep 2020
30-Year Eris SOFR Swap Futures	YIE	EK	Jun 2014 through Sep 2020

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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Changes to Bursa Malaysia Derivatives (BMD) Gold Futures - This Week

Effective this 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 - Renaming Dow Jones Futures and Options Contracts - September 25

Effective Sunday, September 25 (trade date Monday, September 26), the Dow Jones futures and options contracts will be renamed as provided below.

Renaming Dow Jones Futures and Options Contracts
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
CBOT E-mini Dow Jones Industrial Average ($5 Multiplier) Futures Options	Options on E-mini Dow Jones Industrial Average Index Futures	OYM	C9
CBOT E-mini Dow Jones Industrial Average Index ($5 Multiplier) End-of-Month Option	Options on E-mini Dow Jones Industrial Average Index Futures - End-of-Month (European-Style)	EYM	OL
CBOT E-mini Dow Jones Industrial Average Index ($5 Multiplier) Weekly Option - week 1-4	Weekly Options on E-mini Dow Jones Industrial Average Index Futures Week 1-4 (European-Style)	YM1-YM4 (EYM)	OL
CBOT E-mini Dow Jones Industrial Average Index Futures ($5 Multiplier)	E-mini Dow Jones Industrial Average Index Futures	YM	YM
CBOT E-mini Dow Jones Industrial Average Index Futures ($5 Multiplier)	BTIC on E-mini Dow Jones Industrial Average Index Futures
CBOT Dow Jones US Real Estate Index Futures	Dow Jones US Real Estate Index Futures	RX	RX
Adjusted Interest Rate Dow Jones Industrial Average Total Return Index Futures	Adjusted Interest Rate Dow Jones Industrial Average Total Return Index Futures	ADR	0B

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

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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 are now 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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Listing Rule Change for Weekly Energy Options - October 2

Effective Sunday, October 2 (trade date Monday, October 3), listing rule changes will allow the listing of weekly energy option contracts that expire on the same day as the monthly option.

Currently, CME Globex does not allow the listing of weekly Energy option contracts if they would expire on the same day as the corresponding monthly option.

Please note: When the weekly contract expiration coincides with the monthly option contract expiration, the weekly option exercises into or settles against the second listed futures contract month.

LISTING RULE CHANGE FOR WEEKLY ENERGY OPTIONS
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
Crude Oil Weekly Option	LO1-LO5	LO
Brent Crude Oil Weekly Option	BW1-BW5	OT
Natural Gas Weekly Financial Option	LN1-LN5	LG
Natural Gas Weekly Option	ON1-ON5	ON
Micro WTI Crude Oil Weekly Option	MW1-MW5	M8

This change will be made available for customer testing in New Release on Monday, September 19.

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

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Amendment to Trading Hours for CBOT Mini-Sized Agriculture Futures - October 2

Effective Sunday, October 2 (trade date Monday, October 3), the trading hours for the following CBOT mini-sized agriculture futures will be amended:

Amendment to Trading Hours for CBOT Mini-Sized Agriculture Futures
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	CURRENT TRADING HOURS	NEW TRADING HOURS
Mini-Sized Corn Futures	XC	XC	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:45 p.m. CT	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:20 p.m. CT
Mini-Sized KC HRW Wheat Futures	MKC	MH	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:45 p.m. CT	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:20 p.m. CT
Mini-Sized Soybean Futures	XK	XK	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:45 p.m. CT	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:20 p.m. CT
Mini-Sized Wheat Futures	XW	XW	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:45 p.m. CT	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:20 p.m. CT

These changes will be made available in New Release for customer testing on Monday, September 19.

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

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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 is now 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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Events and Announcements

NewNew - State Funeral of Her Majesty, Queen Elizabeth II - UK Bank Holiday - This Week

The UK Government has announced that the day of the State Funeral of Her Majesty, Queen Elizabeth II on Monday, September 19 will be a UK bank holiday.

Details on CME Group product impacts are available now in the Special Executive Report.

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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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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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