CME Globex Notices: September 19, 2022

Critical Updates

iLink 3 SBE Schema Update - October 2

On Sunday, October 2 (trade date Monday, October 3), CME Group will complete the iLink 3 SBE schema update to version 8 to support the upcoming CME Globex enhancements. 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 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.

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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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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

Ethylene CFR NE Asia (ICIS) Futures and Propylene CFR NE Asia (ICIS) Futures  - October 2

Effective Sunday, October 2 (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 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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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 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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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 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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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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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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UpdateUpdate - 30-Year Uniform Mortgage-Backed Securities (UMBS) To-Be-Announced (TBA) Futures - Postponed

The previously announced launch of 30-Year Uniform Mortgage-Backed Securities (UMBS) To-Be-Announced (TBA) futures has been postponed. The new production launch date will be announced in future CME Globex notices in Q4 2022.

Please see Special Executive Report-9012R for additional details.

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Product Changes

NewNew - Delisting of BRIXX Index Futures - This Week

On Friday, September 16, the following BRIXX Index futures were delisted for trading on CME Globex at the close of business.

Delisting of BRIXX Index Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
BRIXX Retail Index Future	BXT	MF
BRIXX Office Index Future	BXO
BRIXX Residential Index Future	BXR
BRIXX Hospitality Index Future	BXH

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

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UpdateUpdate - Renaming Dow Jones Futures and Options Contracts - This Week

† Denotes update to the article

Effective this 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 Index Futures ($5 Multiplier)	E-mini Dow Jones Industrial Average Index Futures	YM	YM
CBOT E-mini Dow Jones Industrial Average Index ($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
Micro E-mini Dow Jones Industrial Average Index Futures	Micro E-mini Dow Jones Industrial Average Index Futures	MYM	YM
CBOT Dow Jones US Real Estate Index Futures	Dow Jones US Real Estate Index Futures	RX	RX
Dow Jones Industrial Average Total Return Index Futures	Dow Jones Industrial Average Total Return Index Futures	DTR	0B
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  - This Week

Effective this 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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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 are currently available in New Release for customer testing.

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

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UpdateUpdate - Listing Rule Change for Weekly Energy Options - October 23

† Denotes update to the article

Effective Sunday, October 23 (trade date Monday, October 24), 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, October 3.

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

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NewNew - Changes to SPIKES™ Volatility Index Futures - October 30

Effective Sunday, October 30 (trade date Monday, October 31), the minimum price increment and strategy type for SPIKES™ Volatility Index futures will change on CME Globex as follows:

CHANGES TO SPIKES™ VOLATILITY INDEX FUTURES
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	CURRENT TAG 969 - MINPRICEINCREMENT	NEW TAG 969 - MINPRICEINCREMENT	CURRENT TAG 762 - SECURITYSUBTYPE	NEW TAG 762 - SECURITYSUBTYPE
SPIKES™ Volatility Index Futures	SPK	MX	5.000000000	1.000000000	RT (Reduced Tick)	SP (Standard Calendar Spread)

Note: With this change the daily settlement tick will also change from 0.05 to 0.01.

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

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

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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

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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