CME Globex Notices: February 13, 2023

For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.

Critical Updates

iLink 3 Cancel On Behalf Functionality - March 12

On Sunday, March 12 (trade date Monday, March 13), CME Group will continue the phase launch of the 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 is currently available for customer certification.

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CME Settlements and Valuations SBE Schema and Final Settlement Update - April 2

Effective Sunday, April 2 (trade date Monday, April 3), CME Group will launch a new Simple Binary Encoding (SBE) schema on all CME Settlements and Valuations channels. Additionally, the new SBE incremental schema will be sent on Google Cloud: 

• CME Settlements and Valuations - SBE UDP Multicast
• Settlements and Valuations - GCP SBE  

Additionally, CME Settlements and Valuations will begin sending “final final” settlements with this update. The “final final” Settlement is the settlement sent after expiration of trade. 

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

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Enhancements to Public Settlement “stl” Files on CME FTP - April 16

Effective Sunday, April 16, CME Group will provide new, enhanced Public Settlement "stl" files on the CME FTP site. The legacy file formats will be decommissioned by Friday, April 14. 

Please review the Clearing Advisory for full technical details and decommission of legacy file schedule. 

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Product Launches

E-mini Russell 2000 Tuesday and Thursday Options - February 26

Effective Sunday, February 26 (trade date Monday, February 27), pending completion of all regulatory review periods, E-mini Russell 2000 Tuesday and Thursday options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

E-mini Russell 2000 Tuesday and Thursday Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group (UDS)	Market Data Channel
Tuesday Weekly Options on E-mini Russell 2000 Index Futures - Week 1-5 (European-Style)	R1U-R5U	R4	R5	319
Thursday Weekly Options on E-mini Russell 2000 Index Futures - Week 1-5 (European-Style)	R1D-R5D	R4	R5	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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Listing 30-Year Uniform Mortgage-Backed Security (UMBS) To-Be-Announced (TBA) Futures – 6.5% Coupon - February 26

Effective Sunday, February 26 (trade date Monday, February 27), pending completion of all regulatory review periods,  the 30-Year Uniform Mortgage-Backed Securities (UMBS) To-Be-Announced (TBA) futures - 6.5% Coupon will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Listing 30-Year Uniform Mortgage-Backed Security (UMBS) To-Be-Announced (TBA) Futures – 6.5% Coupon
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
30-Year Uniform Mortgage-Backed Securities (UMBS) To-Be-Announced (TBA) Futures - 6.5% Coupon	65U	BM	344

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

This contract is listed with, and subject to, the rules and regulations of CBOT.

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NewNew - Event Contracts on Bitcoin Futures - March 12

Effective Sunday, March 12 (trade date Monday, March 13), pending completion of all regulatory review periods, Event Contracts on Bitcoin futures will be listed for trading on CME Globex.

MICRO ETHER FUTURES
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	MARKET DATA CHANNEL
Event Contracts on Bitcoin Futures	ECBTC	VB	329

Please note: Event Contracts on Bitcoin futures will settle daily to the daily settlement price of CME Bitcoin futures calculated between 2:59 -3:00 p.m. CT, daily.

These products will be available for customer testing in New Release on Monday, February 27.

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

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NewNew - Micro Platinum Futures - March 12

Effective Sunday, March 12 (trade date Monday, March 13), pending completion of all regulatory review periods, Micro Platinum futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Micro Platinum Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Micro Platinum Futures	PLM	PL	384

These futures will be available for customer testing in New Release on Monday, February 27.

This contract is listed with, and subject to, the rules and regulations of NYMEX.

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NewNew - Molybdenum Oxide (Platts) Futures - March 12

Effective Sunday, March 12 (trade date Monday, March 13), pending completion of all regulatory review periods, Molybdenum Oxide (Platts) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Molybdenum Oxide (Platts) Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Molybdenum Oxide (Platts) Futures	MOX	MU	360

These futures will be available for customer testing in New Release on Monday, February 27.

This contract is listed with, and subject to, the rules and regulations of COMEX.

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NewNew - Listing BTICs on S&P Futures on CME Globex - March 12

Effective Sunday, March 12 (trade date Monday, March 13), pending completion of all regulatory review periods, the following BTICs on S&P futures will be listed for trading on CME Globex.

Listing BTICs on S&P Futures on CME Globex
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	MARKET DATA CHANNEL
BTIC on S&P Growth Index Futures	SGT	PM	318
BTIC on S&P Value Index Futures	SUT	PV	318
BTIC S&P Smallcap 600 Futures	SMT	PS	318

These futures are currently available for submission for clearing on CME Clearport and will be amended as reflected in the CME Clearport Notice and the Executive Special Report SER-9144.

These futures will be available for customer testing in New Release on Monday, February 27.

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

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NewNew - Listing NY Harbor ULSD Brent Crack Spread Average Price Option - March 12

Effective Sunday, March 12 (trade date Monday, March 13), pending completion of all regulatory review periods, NY Harbor ULSD Brent Crack Spread Average Price option will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Listing NY Harbor ULSD Brent Crack Spread Average Price Option
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group (UDS)	Market Data Channel
NY Harbor ULSD Brent Crack Spread Average Price Option	HBO	EF	EX	383

The option will be available for customer testing in New Release on Monday, February 27.

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

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NewNew - Listing Freight Route TC20 (Baltic) Futures - March 12

Effective Sunday, March 12 (trade date Monday, March 13), pending completion of all regulatory review periods, the Freight Route TC20 (Baltic) futures and Freight Route Middle East to UK Continent (TC20) (Baltic) BALMO futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Listing Freight Route TC20 (Baltic) Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Freight Route Middle East to UK Continent (TC20) (Baltic) futures	TF2	FT	386
Freight Route Middle East to UK Continent (TC20) (Baltic) BALMO futures	TFB	FT	386

These futures will be available for customer testing in New Release on Monday, February 27.

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

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Product Changes

NewNew - Change to Minimum Price Increment for Certain Intercommodity Spread Futures - This Week

Effective this Sunday, February 19 (trade date Tuesday, February 21), the minimum price fluctuation in tag 969-MinimumPriceIncrement on MDP 3.0 Security Definition (tag 35-MsgType=d) for the following intercommodity spread futures will be amended.

Change to Minimum Price Increment for Certain Intercommodity Spreads 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	MDP3.0 TAG 762-SECURITYSUB  TYPE
Euro Short-Term Rate (ESTR) futures vs. Three-Month SOFR (SR3) futures (ESR-SR3)	ESR	EY	0.250000000	0.500000000	IS
Repo Funds Rate (Germany) Futures vs. Three-Month SOFR (SR3) futures (RFD-SR3)	RFD	G1	0.250000000	0.500000000	IS
Repo Funds Rate (Italy) Futures VS. Three-Month SOFR (SR3) futures (RFI-SR3)	RFI	I1	0.250000000	0.500000000	IS

This change will be available in New Release for customer testing on Monday February 20.

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

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Listing Cycle Expansion for WTI Futures - February 26

Effective Sunday, February 26 (trade date Monday, February 27), the listing cycle for the following futures will be expanded on CME Globex.

Listing Cycle Expansion for WTI 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
WTI Houston (Argus) vs. WTI Trade Month Futures	HTT	CC	Monthly expiries for the current year plus 3 years	Monthly expiries for the current year plus 7 years
WTI Midland (Argus) vs. WTI Trade Month Futures	WTT	CC	Monthly expiries for the current year plus 3 years	Monthly expiries for the current year plus 7 years

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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Listing Cycle Amendment for BTIC on EUR/USD Futures - February 26

Effective Sunday, February 26 (trade date Monday, February 27), the listing cycle for the following BTIC on EUR/USD futures will be amended on CME Globex.

Listing Cycle Amendment for BTIC on EUR/USD 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
BTIC on EUR/USD futures	6EB	6D	BTIC available for next quarterly futures contract following final expiry of BTIC on nearby futures contract	BTIC available for next quarterly futures contract 10 business days prior to the final expiry of BTIC on nearby futures contract

This contract will be available for customer testing in New Release on Monday, February 20.

This contract is listed with, and subject to, the rules and regulations of CME.

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NewNew - Changes to Trading Hours for BTICs on Commodity Indexes  - March 12

Effective Sunday, March 12 (trade date Monday, March 13), pending completion of all regulatory review periods, the trading hours for BTICs on Commodity Indexes will be updated as follows:

Changes to Trading Hours for BTICs on Commodity Indexes
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	current trading hours	new trading hours
BTIC on Bloomberg Roll Select Commodity Index Futures	DRT	LH	Sunday-Friday 5:00 p.m.-4:00 p.m. CT.	Sunday-Friday 5:00 pm - 1:30pm CT
BTIC on S&P-GSCI Excess Return Index Futures	GIT	GH
BTIC on S&P-GSCI Commodity Index Futures	GDT	GT

These products will be available for customer testing in New Release on Monday, February 27.

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

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Change to External Alias and Strike Price Listing for certain Nasdaq Options; Resting Order Eliminations  - March 19

Effective Sunday, March 19 (trade date Monday, March 20), strike price listing rule will be changed for the following Nasdaq-100 options on CME Globex and for submission for clearing via CME ClearPort. With this change, the external alias will display the full strike price.

• Example: tag 55-Symbol= NQZ3 P16000, currently the strike price on the external alias truncates a single digit – Example: tag 55-Symbol = NQZ3 P1600

Please note: To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for certain Nasdaq options contracts, by the close on Friday, March 17. After 16:00 CT on Friday, March 17, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).

Change to External Alias and Strike Price Listing for Equity Options
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	CURRENT STRIKE PRICE LISTING RULE	NEW STRIKE PRICE LISTING RULE
E-mini Nasdaq-100 Options	NQ	QZ	500-point increment: -80% - +30% (when listed) 250-point increment: -40% - +20% (<96 DTE) 100-point increment: -30% - +15% (<66 DTE) 50-point increment: -20% - +10% (<35 DTE) 10-point increment: -10% - +5% (<5 DTE)	500-point increment: -80% - +30% (when listed) 250-point increment: -40% - +20% (<96 DTE) 100-point increment: -30% - +15% (<66 DTE) 50-point increment: -20% - +10% (<35 DTE) 25-point increment: -10% - +5% (<10 DTE) 10-point increment: -10% - +5% (<5 DTE)
E-mini Nasdaq-100 End-of-Month Options	QNE	NW
E-mini Nasdaq-100 Monday Weekly Options - Week 1-5	Q1A-Q5A	NW
Tuesday Weekly Options on E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style)	Q1B-Q5B	QZ
E-mini Nasdaq-100 Wednesday Weekly Options - Week 1-5	Q1C-Q5C	NW
Thursday Weekly Options on E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style)	Q1D-Q5D	QZ
E-mini Nasdaq-100 Weekly Options - Week 1-4	QN1-QN4	NW
Options on Micro E-mini Nasdaq-100 Index Futures	MNQ	NE
Micro E-mini Nasdaq-100 Index EOM Options	MQE	NE
Weekly Options on Micro E-mini Nasdaq-100 Index Futures - Week 1-4	MQ1-MQ4	NE
Monday Weekly Options on Micro E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style)	D1A-D5A	NE
Tuesday Weekly Options on Micro E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style)	D1B-D5B	NE
Wednesday Weekly Options on Micro E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style)	D1C-D5C	NE
Thursday Weekly Options on Micro E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style)	D1D-D5D	NE

For the options strike price value, customers are advised to leverage tag 202-StrikePrice on the MDP 3.0 Security Definition (tag 35-MsgType=d) message.

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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Enable Implied Functionality for CME FX Futures - April 2

Effective Sunday, April 2 (trade date Monday, April 3), pending completion of all regulatory review periods, implied functionality for the following CME FX futures will be enabled for all outright contracts and calendar spread combinations for the first twelve consecutive contract months on CME Globex.

Enable Implied Functionality for CME FX Futures
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP
British Pound Sterling/U.S. Dollar (GBP/USD) Futures	6B	6B
Canadian Dollar/U.S. Dollar (CAD/USD) Futures	6C	6C
Japanese Yen/U.S. Dollar (JPY/USD) Futures	6J	6J
Australian Dollar/U.S. Dollar (AUD/USD) Futures	6A	6A
Euro/U.S. Dollar (EUR/USD) Futures	6E	6E

Please note: The Non-Reviewable Range of each leg spread will be evaluated as an outright.

Implied eligible instruments, are identified in the MDP 3.0 Security Definition (tag 35-MsgType=d), in repeating group tag 871-InstAttribType:

• tag 872-InstAttribValue= 19: Implied Matching Eligibility

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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Events and Announcements

SPAN 2 Approximation Files Available Now - Available Now

As previously announced, the SPAN 2 framework will be rolled out for specific product groupings in a phased multi-year approach after extensive testing, starting with major NYMEX energy futures and options on futures. 

To help clients prepare for this launch, CME Group is offering the following services:

• Tools for replicating SPAN 2 margin requirements through software and API solutions for post-trade processes.
• New SPAN 2 approximation file to help firms estimate SPAN 2 margins in low latency margin calculation scenarios for pre-trade margin approximation processes.

Please contact PostTradeServices@cmegroup.com now to get ready for this critical migration!

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Save the Date: CME Group Backup Datacenter Migration and Test - March 4

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 backup clearing systems, and we are now focused on CME Globex and supporting systems. To help ensure customers can connect to our new backup datacenter, CME Group will hold mock disaster recovery testing on Saturday, March 4, at 9 a.m. Eastern Time (ET).

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

To participate in the disaster recovery exercise, register here.

View the mock script.

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Change to Access Manager Expiration Window Enforcement Time - March 19

Effective Sunday, March 19 (trade date Monday, March 20), to prevent orders during the pre-open period from unauthorized accounts managed in Access Manager, the expiration window enforcement time will be changed to 4 p.m. Central time (CT) from the current 5 p.m. CT.

There are no changes to API messaging or GUI displays with this enhancement.

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

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NewNew - Delisting of Morningstar Indexes - March 31

As previously announced by Morningstar, at close of business Friday, March 31, Morningstar Indexes on CME S&P Streamlined Market Data for Equity Indices (channel ID 210) will be delisted.

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