CME Globex Notices: October 31, 2022

Critical Updates

iLink 3 SBE Schema Version 7 Decommission - November 20

Effective Sunday, November 20, version 8 schema will be the only version supported in production. Client systems can only send version 8 messages.

On Sunday, October 2, CME Group completed the launch of iLink 3 SBE Schema version 8 on all futures and options on futures market segments. The new version 8 schema 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 version 7 or 8; however CME Globex will only send messages using the version 8.  

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Update to Request for Quote Functionality (RFQ)  - January 22

Starting Sunday, January 22 (trade date Monday, January 23), CME Globex will update the RFQ tag formats for MDP3.0 tag 131-QuoteReqID, and iLink 2 and iLink 3 tag 9770-ExchangeQuoteRefId, to contain only numeric string values. The data types for these tags will not change. This notice is informational only. Clients should not parse these tags for reference information.

New Release and Production release dates are outlined below.

Market Segment ID	Description	MDP Channel(s)	New Release Launch	Production Launch
68	CME Equity Futures II; CBOT Equity Futures	318 - CME Globex Equity Futures excluding ES	Monday, November 14	Sunday, January 22
		342 - CBOT Globex Equity Index Futures
76	NYMEX Metals, Softs and Alternative Markets Futures; COMEX Futures	384 - NYMEX Globex Metals, Softs & Alternative Markets Futures	Monday, November 14	Sunday, January 22
		360 - COMEX Globex Futures
50	CME Interest Rate Options	313 - CME Globex Interest Rate Options	Monday, November 14	Sunday, January 22
56	NYMEX Emissions Options; NYMEX Energy, Metals, Softs and Alternative Markets Options; COMEX Options; DME Options	441 - DME Globex Options	Monday, November 21	Sunday, February 5
		383 - NYMEX Globex Crude & Crude Refined Options
		387 - NYMEX Globex Nat Gas & other Non-Crude Energy Options
		385 - NYMEX Globex Metals, Softs & Alternative Markets Options
		361 - COMEX Globex Options
58	CBOT Interest Rate Options	345 - CBOT Globex Interest Rate Options	Monday, November 21	Sunday, February 5
52	CME FX Futures and Options II	320 - CME Globex FX Futures II	Monday, November 21	Sunday, February 5
		321 - CME Globex FX Options II
54	CME Equity Options - S&P Options	311 - CME Globex Equity Options (ES)	Monday, November 21	Sunday, February 5
		323 - CME Globex Equity Options - Micro E-mini
72	CBOT and CME Equity Options; excluding S&P	319 - CME Globex Equity Options excluding ES	Monday, November 21	Sunday, February 5
		343 - CBOT Globex Equity Index Options
88	CME FX Futures and Options	314 - CME Globex FX Futures	Monday, November 21	Sunday, February 5
		315 -CME Globex FX Options
74	CME Crypto Futures and Options; Event Contracts	310 - ES Synthetic Future	Monday, Dec 5	Sunday, February 12
		318 - E-mini Nasdaq and E-mini Russel Synthetic Future
		320- Euro/USD Synthetic Future
		329 - Event Contracts
		342 - E-mini DJIA Synthetic Future
		360 - COMEX Synthetic Futures
		382 - NYMEX Synthetic Futures
		326- CME Crypto Futures
		327 - CME Crypto Options
64	CME Equity Futures - E-mini S&P	310 - CME Globex Equity Futures (ES)	Monday, Dec 5	Sunday, February 12
78	NYMEX Emissions and Non-Crude Energy Futures	380 - NYMEX Globex Emissions Futures	Monday, Dec 5	Sunday, February 12
		386 - NYMEX Globex Nat Gas & other Non-Crude Energy Futures
80	DME Futures; NYMEX Crude and Crude Refined Energy Futures	440 - DME Globex Futures	Monday, Dec 5	Sunday, February 12
		382 - NYMEX Globex Crude & Crude Refined Futures
82	CME and CBOT Interest Rate Futures	312 - CME Globex Interest Rate Futures	Monday, Dec 5	Sunday, February 12
		348 - CBOT Interest Rate Futures II
84	CBOT Interest Rate Futures	344 - CBOT Globex Interest Rate Futures	Monday, Dec 5	Sunday, February 12
70	CME, CBOT and MGEX Commodity Futures	316 - CME Globex Commodity Futures	Monday, Dec 5	Sunday, February 12
		340 - CBOT Globex Commodity Futures
		460 - MGEX Globex Futures
60	CME, CBOT and MGEX Commodity Options Bursa Malaysia Futures and Options	431 - BMD Globex Options	Monday, Dec 5	Sunday, February 12
		317 - CME Globex Commodity Options
		341 - CBOT Globex Commodity Options
		430 - BMD Globex Futures
		461 - MGEX Globex Options

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iLink 3 Cancel On Behalf Functionality - February 12

Starting Sunday, February 12, 2023 (trade date Monday, February 13), CME Group will launch a new Cancel On Behalf functionality that allows iLink 3 sessions to cancel orders and quotes from different iLink 3 sessions under the same CME Globex Firm ID (GFID). This functionality 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 schema version 8. Cancel On Behalf is not allowed on iLink2 orders and quotes.

In addition to the new Cancel On Behalf functionality, CME Group will allow client systems to block future mass quotes submissions from a different iLink 3 session under the same GFID via Quote Cancel (tag 35-MsgType=Z) message using a new tag 9182-QuoteEntryOpen = 0.  The original session will have the ability to remove this block by submitting a Mass Quote (tag 35-MsgType=i) message with tag 9182-QuoteEntryOpen = 1.

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

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

Certification in AutoCert+ is required to utilize the new Cancel On Behalf functionality. The new AutoCert+ test suite will be available for customer certification starting on Wednesday, November 9.

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Product Launches

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

† Denotes update to the article

Effective Sunday, November 6 (trade date Monday, November 7), 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

 

† Please Note: The 30-Year Uniform Mortgage-Backed Securities (UMBS) To-Be-Announced (TBA) futures will be supported on Access Manager.

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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USD Denominated TOPIX Index Futures - November 20

Effective Sunday, November 20 (trade date Monday, November 21), pending completion of all regulatory review periods, USD Denominated TOPIX Index futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

USD Denominated TOPIX Index Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
USD Denominated TOPIX Index Futures	TPD	TJ	318
BTIC on USD Denominated TOPIX Index Futures	TPT	BJ	318

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.

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Adding South African Rand to FX Link  - November 20

Effective Sunday, November 20 (trade date Monday, November 21), the South African Rand/U.S. Dollar futures will be added to CME FX Link on CME Globex.

The US Dollar/South African Rand spot FX basis spread will be traded on CME Globex as the differential between South African Rand/U.S. Dollar futures (6Z) and US Dollar/South African Rand Spot FX. The USD/ZAR basis spread will be an inverted currency spread, i.e., the buyer of the spread sells CME FX futures and sells OTC spot, resulting in the simultaneous execution of FX futures cleared by CME Group, and OTC spot FX transactions subject to bilateral OTC relationships.

Adding South African Rand to FX Link
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	MDP3.0 TAG 762-SECURITYSUB  TYPE
US Dollar / South African Rand Spot FX (Non-Tradable)	USDZAR	01 (Zero – 1)	n/a
US Dollar / South African Rand Spot FX Basis Spread	USDZAR	6Z	YF

The additional FX link currency will be available for testing in New Release on Monday, November 7.

Certification is not required.

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

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Bursa Malaysia Derivatives (BMD)’s FTSE4Good Bursa Malaysia Index Futures Contract - December 11

Effective Sunday, December 11 (trade date Monday, December 12), subject to receipt of regulatory approval prior to such date, Bursa Malaysia Derivatives (BMD)’s FTSE4Good Bursa Malaysia Index futures contract and spreads will be made available for trading on CME Globex.

Bursa Malaysia Derivatives (BMD)’s FTSE4Good Bursa Malaysia Index Futures Contract
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
FTSE4Good Bursa Malaysia Index Futures Contract	F4GM	BE	430

These futures and spreads are 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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Product Changes

NewNew - Delisting and Removal of California Low Carbon Fuel Standard (PRIMA) Futures - This Week

On Monday, October 31 the following California Low Carbon Fuel Standard (PRIMA) Futures were delisted, and effective close of business Friday, November 4 these futures will be removed from CME Globex.

Delisting and Removal of California Low Carbon Fuel Standard (PRIMA) Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
California Low Carbon Fuel Standard (PRIMA) Futures	LCF	VX

These futures currently have no open interest.

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NewNew - Delisting and Removal of Certain Total Return Futures - This Week

On Sunday, October 30 the following Total Return Futures were delisted, and effective close of business Friday, November 4 these futures will be removed from CME Globex.

Delisting and Removal of Certain Total Return Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
Russell 2000 Total Return Index Futures	R2R	N/A
BTIC on Russell 2000 Total Return Index Futures	R2T	RH
Russell 1000 Total Return Index Futures	R1R	N/A
BTIC on Russell 1000 Total Return Index Futures	R1B	RK
Nasdaq-100 Total Return Index Futures	N1R	N/A
BTIC on Nasdaq-100 Total Return Index Futures	N1T	NH
Dow Jones Industrial Average Total Return Index Futures	DTR	N/A
BTIC on Dow Jones Industrial Average Total Return Index Futures	DTT	DH

These futures currently have no open interest.

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NewNew - Changes to the Listing Schedule for Canadian Heavy Crude Oil Contracts and Temporary Suspension of Certain Previously Listed Contract Months - November 17

Effective Sunday, November 17 (trade date Monday, November 18), pending completion of all regulatory review periods, the listing schedule for Canadian Heavy Crude Oil futures and options contracts will be updated.

The trading and clearing of certain previously listed contracts have been suspended as follows:

changes to the Listing Schedule for Canadian Heavy Crude Oil Contracts and Temporary Suspension of Certain Previously Listed Contract Months
PRODUCT	ILINK: TAG 1151-SECURITY GROUP MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	suspended CoNTRACT MONTHS
Hardisty Western Canadian Select (NE2) Monthly Index Futures	WCW	BB	April 2023 and beyond
Edmonton C5+ Condensate (NE2) Monthly Index Futures	CC5	BB	April 2023 and beyond
Edmonton Light Sweet (NE2) Monthly Index Futures	LSW	BB	January 2023 and beyond
Guernsey Light Sweet (NE2) Monthly Index Futures	GSW	BB	January 2023 and beyond
Clearbrook Bakken Sweet (NE2) Monthly Index Futures	CSW	BB	All listed contract months
Edmonton Light Sweet (NE2) Monthly Index Average Price Option	SWO	EP	All listed contract months
Dakota Access Bakken (NE2) Monthly Index Futures	DAB	BB	All listed contract months
Edmonton Synthetic Sweet (NE2) Monthly Index Futures	SSW	BB	All listed contract months
Hardisty Western Canadian Select (NE2) Monthly Index Average Price Option	WCI	XZ	All listed contract months
Edmonton Synthetic Sweet (NE2) Monthly Index Average Price Option	SSO	EP	All listed contract months
Edmonton C5+ Condensate (NE2) Monthly Index Average Price Option	CCO	EP	All listed contract months

Please note: There is no open interest in the impacted contract months.

For additional information, please refer to the Special Executive Report SER-9080. 

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Change to Minimum Price Increment for HMS 80/20 Ferrous Scrap, CFR Turkey (Platts TSI) Futures - November 20

Effective Sunday, November 20 (trade date Monday, November 21), pending the completion of all regulatory review periods, tag 969-MinimumPriceIncrement and daily settlement minimum price fluctuation for HMS 80/20 Ferrous Scrap, CFR Turkey (Platts TSI) futures will be amended as follows:

Change to Minimum Price Increment for HMS 80/20 Ferrous Scrap, CFR Turkey (Platts TSI) 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
HMS 80/20 Ferrous Scrap, CFR Turkey (Platts TSI) futures	FSF	MA	1.000000000	100.0000000

 

Please note: Final settlement minimum price fluctuation will remain unchanged.

This amendment will be available in New Release for customer testing on Monday, November 7.

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

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Listing Cycle Expansion for Lithium Hydroxide CIF CJK (Fastmarkets) Futures - November 20

Effective Sunday, November 20 (trade date Monday, November 21), the listing cycle for the following Lithium Hydroxide CIF CJK (Fastmarkets) futures will be expanded on CME Globex.

Listing Cycle Expansion for Lithium Hydroxide CIF CJK (Fastmarkets) 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
Lithium Hydroxide CIF CJK (Fastmarkets) Futures	LTH	LI	12 monthly expiries	24 monthly expiries

These futures will be available for customer testing in New Release on Monday, November 7.

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

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Listing Cycle Expansion for E-mini S&P 500 End-of-Month, Tuesday, and Thursday Options - November 20

Effective Sunday, November 20 (trade date Monday, November 21), the listing cycle for the E-mini S&P 500 End-of-Month, Tuesday, and Thursday options will be expanded on CME Globex.

Listing Cycle Expansion for E-mini S&P 500 End-of-Month, Tuesday, and Thursday 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
Tuesday Weekly Options on E-mini Standard and Poor's 500 Stock Price Index Futures - Week 1-5 (European-Style)	E1B-E5B	EW	2 weekly contracts	5 weekly contracts
Thursday Weekly Options on E-mini Standard and Poor's 500 Stock Price Index Futures - Week 1-5 (European-Style)	E1D-E5D	EW	2 weekly contracts	5 weekly contracts
Options on E-mini Standard and Poor's 500 Stock Price Index Futures - End-of-Month (European-Style)	EW	EW	6 monthly contracts	6 monthly contracts and 4 additional months of Mar/Jun/Sep/Dec

These options will be available for customer testing in New Release on Monday, November 7.

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

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Listing Ferrous Metals Spreads - November 20

Effective Sunday, November 20 (trade date Monday, November 21), the following  spreads will be listed for 24 months for the Ferrous Metal futures on CME Globex.

Listing Ferrous Metals Spreads
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Tag 762- SecuritySubType
U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Futures vs. U.S. Midwest Shredded Scrap (Platts) Futures	BUS	MA	IS (Intercommodity)
U.S. Midwest Shredded Scrap (Platts) Futures vs. HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures	SHR	MA	AE (Fixed Price Ratio Inter-Commodity)
U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Futures vs. HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures	BUS	ST	AE (Fixed Price Ratio Inter-Commodity)

These spreads will be available for customer testing in New Release on Monday, November 7.

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

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Listing Cycle Amendment for 3-Month Eurodollar Futures - November 20

Effective Sunday, November 20 (trade date Monday, November 21), the listing cycle for the following 3-Month Eurodollar futures will be modified on CME Globex.

Listing Cycle Amendment for 3-Month Eurodollar 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
3-Month Eurodollar Futures	GE	GE	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 40 consecutive quarters and the nearest 4 serial contract months. List a new quarterly contract for trading on the last trading day of the nearby expiry.	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 40 consecutive quarters. List a new quarterly contract for trading on the last trading day of the nearby expiry. (Last listed serial month will be May 2023)

These changes will be available for customer testing in New Release on Monday, November 7.

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

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UpdateUpdate - Changes to BTIC on Yen Denominated TOPIX Futures and Yen Denominated TOPIX Futures - Resting Order Eliminations - November 20

† Denotes update to the article

Effective Sunday, November 20 (trade date Monday, November 21), the following changes will be implemented to BTIC on Yen Denominated TOPIX futures and Yen Denominated TOPIX futures as follows:

• The minimum price increment tag 969-MinPriceIncrement will be amended for the BTIC on Yen Denominated TOPIX futures to 25.000000000 from the current value of 10.000000000.
• The decimal price locator tag 9787-DisplayFactor for the Yen Denominated TOPIX futures and BTIC on Yen Denominated TOPIX calendar spreads will be amended to 0.001000000 from the current value of 0.010000000.

The daily settlement and clearing price increment for the Yen Denominated TOPIX futures published on the Market Data Incremental Refresh (tag 35-MsgType=X) messages will remain unchanged.

To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for existing futures, by the close on Friday, November 18. After 16:00 CT on Friday, November 18, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).

 

CHANGES TO BTIC ON YEN DENOMINATED TOPIX FUTURES AND YEN DENOMINATED TOPIX FUTURES
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP
BTIC on Yen Denominated TOPIX Futures	TPB	BJ
Yen Denominated TOPIX Futures	TPY	TJ

These changes 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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Listing Cycle Expansion for Cobalt Metal (Fastmarkets) Futures - December 4

Effective Sunday, December 4 (trade date Monday, December 5), the listing cycle for the following Cobalt Metal (Fastmarkets) futures will be expanded on CME Globex.

Listing Cycle Expansion for Cobalt Metal (Fastmarkets) 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
Cobalt Metal (Fastmarkets) Futures	COB	CA	Monthly expiries for the current year + 3 years	Monthly expiries for the current year + 4 years

These changes will be available for customer testing in New Release on Monday, November 21.

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

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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

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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