For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.
Critical Updates
UpdateCash Settled Commodities Indices Available via CME Benchmark Administration Premium - February 14
Effective Wednesday, February 14 (trade date Thursday, February 15), CME Group will launch the Cash Settled Commodities Indices, as shown in the table below, on CME Benchmark Administration Premium. The messages for these indices will be sent on the Benchmark Administration Premium Simple Binary Encoding (SBE) Multicast channel ID 261 via SBE template MDIncrementalRefreshSettle401 same as the Petroleum Indices.
With this launch, the ITC Category Code Y - Cash Prices messages for these indices will be decommissioned effective Sunday, October 27 (trade date Monday, October 28).
| INDEX NAME | MARKET | CURRENT ITC TICKER | CURRENT ITC CHANNEL | FUTURE SBE TICKER (TAG 55- SYMBOL) |
FUTURE SBE CHANNEL ID |
|---|---|---|---|---|---|
| Fresh Bacon Index | CME | IB | 3 | IBX | 261 |
| Lean Hog Index | CME | IH | 3 | IHX | 261 |
| Pork Cutout Index | CME | IJ | 3 | IJX | 261 |
| Boxed Beef Index | CME | IM | 3 | IMX | 261 |
Please Note:The Feeder Cattle Composite Index (ICX) will continue to be sent via ITC Category Code Y - Cash Prices message.
These indices are currently available for customer testing in New Release.
iLink 3 Mass Quote Cancellation Change - February 25
Starting Sunday, February 25 (trade date Monday, February 26), CME Globex will implement an enhancement to the iLink 3 Mass Quote Cancellation for Market Segment Gateway (MSGW) sessions. Convenience Gateway (CGW) sessions are not impacted by this launch.
With this change, CME Globex will reject any Quote Cancel All (tag 35-MsgType =Z and tag 298-QuoteCancelType=4) message from a MSGW session not permissioned to quote any product group for the MarketSegmentID on which Quote Cancel All request was initiated. The Quote Cancel Reject (tag 35-MsgType=b and tag 297-QuoteStatus=5) message will include tag 300-QuoteRejectReason=9 (Not authorized to quote security) and tag 58-Text = Quote rejected: Not authorized to quote any group. Currently, CME Globex does not respond back to a Quote Cancel All request from a MSGW session not permissioned to quote any product group.
| Market Segment ID | Description | Production Launch |
|---|---|---|
| 50 | CME Interest Rate Options | February 25 |
| 52 | CME FX Options | |
| 72 | CBOT and CME Equity Options; excluding S& | |
| 54 | CME Equity Options - S&P Options | March 3 |
| 56 | NYMEX Emissions Options; NYMEX Energy, Metals, Softs and Alternative Markets Options; COMEX Options; DME Options | |
| 58 | CBOT Interest Rate Options | |
| 60 | MGEX Commodity Options Bursa Malaysia Futures and Options | |
| 74 | CME Crypto Futures and Options; Event Contracts |
This change is currently available for customer testing in New Release.
NewITC Market Data Channel Decommissions - March 24
Effective Sunday, March 24 (trade date Monday, March 25), clients will no longer be able to join the following ITC market data multicast groups:
- Channel 100 CBOT Open Outcry
- Channel 229 DME Non-Globex
- Channel 244 NYMEX Open Outcry
- Channel 245 COMEX Open Outcry
The channel information will also be removed from the ITC Configuration file on March 24.
These channels were deprecated in May 2020, and no data is currently published on them.
ITC Channel 3 CME Open Outcry and 100 MGEX Open Outcry are not impacted by this change.
CME Globex Order Entry Web Service APIs - Q1 2024
Clients now have access to CME Group futures and options on the new Order Entry Suite of APIs - Hosted by Google Cloud.
This solution is accessible over the public internet without the commitment of leased line or co-location investments. RESTful and WebSocket APIs with full order routing and instrument creation functionality deliver real-time trading and market exposure insight. This lightweight product is optimized for the needs of less latency sensitive traders and algorithms, while still offering fulsome functionality and utilizing the full suite of CME Globex risk and credit controls.
The OE APIs are made up of two Web Service APIs: RESTful and WebSocket. These APIs support:
- Order Submission and Modifications
- Strategy Creation (UDS) and Request for Quotes (RFQ) Capabilities
- Order and Trade Status Request
Please review the Client Impact Assessment for full technical details and launch schedule.
This solution is currently available in the New Release environment; a production date will be announced in future notices.
iLink 3 CGW Session Migration - December 31
On Sunday, January 29, CME Group completed the launch of iLink 3 on Convenience Gateway (CGW), a binary order entry protocol for trading futures and options markets on CME Globex designed to provide more efficient iLink FIX messaging.
Currently, Convenience Gateway sessions support both iLink 2.X and iLink 3 messaging protocols. By December 31, all customers connected via CGW will need to migrate to the iLink 3 sessions as iLink 2.X CGW sessions will be decommissioned. A charge of $1,000 USD per iLink session per week is applied to each session that has not yet migrated to iLink 3.
Effective Sunday, February 2, 2025, iLink 2 on CGW will be decommissioned and all CGW sessions will support iLink 3.
Update on Order Routing and Front-End Audit Trail Requirements for iLink 3
As part of the iLink 3 migration, the following rules for an audit trail certification apply:
- All customer systems using Audit Trail 2.x CSV or FIX formats will be required to certify for Audit Trail 3.x CSV or FIX formats.
- Any certified Audit Trail 3.x CSV or FIX system that is not adding new functionality will not be required to recertify their audit trail system.
- Any certified Audit Trail 3.x CSV or FIX system that is adding new functionality or changes its Administrative Information Registration (On Demand or Pre-Registered) will be required to recertify their audit trail system.
- A new iLink 3.x CGW Order Entry System can be associated to an existing certified Audit Trail 3.x CSV or FIX system.
Only after your Order Entry is certified, please complete the questionnaire so an audit trail profile can be created.
More information regarding the iLink 3 audit trail test suite can be found at:
- iLink 3 - Minimum Acceptable Audit Trail Elements - Data Definitions and Validation Rules
- AutoCert+ Audit Trail for iLink 3 User Manual
Please contact Market Regulation Audit Trail Team if you have any questions.
Product Launches
NewListing Term SOFR Daily Total Return Indices - February 25
Effective Sunday, February 25 (trade date Monday, February 26), CME Group will add Term SOFR Daily Returns on GME Globex via MDP on the Benchmark Premium Channel (Channel 261).
These indices are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CME.
Initial Listing of S&P 500 Equal Weight Futures Contracts - February 25
Effective Sunday, February 25 (trade date Monday, February 26), pending completion of all regulatory review periods, S&P 500 Equal Weight futures contracts will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Initial Listing of S&P 500 Equal Weight Futures Contracts | |||
|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
MARKET DATA CHANNEL MDP 3.0 TAG 1180 - APPLID |
| E-mini S&P 500 Equal Weight Futures | EWF | WE | 318 |
| BTIC on E-mini S&P 500 Equal Weight Futures | EWFT | WC | 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.
Listing Additional €STR Strategies - February 25
Effective Sunday, February 25 (trade date Monday, February 26), additional strategy types will be listed for Euro Short-Term Rate (€STR) futures on CME Globex as follows.
- Average Price Bundles
- Balanced Strip Spreads
| Listing additional €STR Strategies | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Tag 762- SecuritySubType |
Listings |
| Euro Short-Term Rate (€STR) Futures | ESR | EY | AB – Average Price Bundle | 4-Consecutive Month Spreads for all Quarterly Contract Months 8-Consecutive Month Spreads for all Quarterly Contract Months 12-Consecutive Month Spreads for all Quarterly Contract Months |
| SB – Balanced Strip Spread | All 4-Month vs. 4-Month AB Spreads | |||
Commonly known as Packs and Bundles, these strategies offer the advantage of being transactable at a single price or value, eliminating the need to enter multiple orders for each contract and the possibility that orders may go unfilled.
These strategies are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CME.
Micro Japanese Yen/US Dollar (JPY/USD) Futures - February 25
Effective Sunday, February 25 (trade date Monday, February 26), pending completion of all regulatory review periods, Micro Japanese Yen/US Dollar futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Micro Japanese Yen/US Dollar (JPY/USD) Futures | |||
|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
MARKET DATA CHANNEL MDP 3.0 TAG 1180 - ApplID |
| Micro Japanese Yen/US Dollar (JPY/USD) Futures | MJY | 6J | 314 |
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.
Enable Implied Functionality for Eris Calendar Spreads - February 25
Effective Sunday, February 25 (trade date Monday, February 26), pending completion of all regulatory review periods, implied functionality for the following Eris Spreads will be enabled on CME Globex.
| ENABLE IMPLIED FUNCTIONALITY FOR ERIS Calendar Spreads | ||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6947-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
TAG 762-SECURITYSUBTYPE | |
| 1-Year Eris SOFR Swap Futures | YIA | EB | SP - Standard Calendar Spread | |
| 2-Year Eris SOFR Swap Futures | YIT | EB | SP - Standard Calendar Spread | |
| 3-Year Eris SOFR Swap Futures | YIC | EB | RT - Reduced Tick | |
| 4-Year Eris SOFR Swap Futures | YID | EB | RT - Reduced Tick | |
| 5-Year Eris SOFR Swap Futures | YIW | EB | RT - Reduced Tick | |
| 7-Year Eris SOFR Swap Futures | YIB | EJ | RT - Reduced Tick | |
| 10-Year Eris SOFR Swap Futures | YIY | EJ | RT - Reduced Tick | |
| 12-Year Eris SOFR Swap Futures | YII | EJ | RT - Reduced Tick | |
| 15-Year Eris SOFR Swap Futures | YIL | EK | RT - Reduced Tick | |
| 20-Year Eris SOFR Swap Futures | YIO | EK | RT - Reduced Tick | |
| 30-Year Eris SOFR Swap Futures | YIE | EK | RT - Reduced Tick | |
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
This change will be available for customer testing in New Release on Monday, February 19.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
NewListing 2-Year Eris vs. 2-Year Treasury Note Implied Inter-Commodity Spreads - March 17
Effective Sunday, March 17 (trade date Monday, March 18), CME Group will add 2-Year Eris vs. 2-Year Treasury Note Implied Spreads on CME Globex.
| Listing 2-Year Eris vs. 2-Year Treasury Note Implied Inter-Commodity Spreads | |||||
|---|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Tag 762- SecuritySubType |
TAG 5770-PRICERATIO | LEG QUANTITY RATIO |
| 2-Year Eris SOFR Swap Futures (YIT) - 2-Year T-Note Futures (ZT) | ETU | IV | IV - Implied Treasury Inter-commodity Spread | 1.000000000 | 2:1 |
These spreads will be available for customer testing in New Release on Monday, February 12.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
Enable Implied Functionality for TBA-UST Spreads - March 17
Effective Sunday, March 17 (trade date Monday, March 18), pending completion of all regulatory review periods, implied functionality for the following TBA-UST Spreads will be enabled on CME Globex.
| ENABLE IMPLIED FUNCTIONALITY FOR TBA-UST Spreads | ||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6947-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
TAG 762-SECURITYSUBTYPE | |
| 30-Year UMBS TBA Futures - 2.0% Coupon Spread to 10-Year Note Futures | UPN | IV | IV - Implied Intercommodity Spread | |
| 30-Year UMBS TBA Futures - 2.5% Coupon Spread to 10-Year Note Future | UQN | IV | IV - Implied Intercommodity Spread | |
| 30-Year UMBS TBA Futures - 3.0% Coupon Spread to 10-Year Note Future | URN | IV | IV - Implied Intercommodity Spread | |
| 30-Year UMBS TBA Futures - 3.5% Coupon Spread to 10-Year Note Future | UTN | IV | IV - Implied Intercommodity Spread | |
| 30-Year UMBS TBA Futures - 4.0% Coupon Spread to 10-Year Note Future | UUN | IV | IV - Implied Intercommodity Spread | |
| 30-Year UMBS TBA Futures - 4.5% Coupon Spread to 10-Year Note Future | NTU | IV | IV - Implied Intercommodity Spread | |
| 30-Year UMBS TBA Futures - 5.0% Coupon Spread to 10-Year Note Future | THN | IV | IV - Implied Intercommodity Spread | |
| 30-Year UMBS TBA Futures - 5.5% Coupon Spread to 10-Year Note Future | UVN | IV | IV - Implied Intercommodity Spread | |
| 30-Year UMBS TBA Futures - 6.0% Coupon Spread to 10-Year Note Future | UWN | IV | IV - Implied Intercommodity Spread | |
| 30-Year UMBS TBA Futures - 6.5% Coupon Spread to 10-Year Note Future | UYN | IV | IV - Implied Intercommodity Spread | |
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
This change will be available for customer testing in New Release on Monday, February 26.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
Bursa Malaysia DCE Soybean Oil Futures - March 17
Effective Sunday, March 17 (trade date Monday, March 18), subject to receipt of regulatory approval prior to such date, the Bursa Malaysia DCE Soybean Oil futures and spreads will be made available for trading on CME Globex.
| Bursa Malaysia Derivatives (BMD) DCE Soybean Oil Futures | |||
|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
MARKET DATA CHANNEL |
| Bursa Malaysia DCE Soybean Oil Futures | FSOY | B0 | 430 |
These changes are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of BMD.
Product Changes
Change to Maximum Order Quantity for Brazilian Real/US Dollar (BRL/USD) Futures - This Week
Effective this Sunday, February 11 (trade date Monday, February 12), the maximum order quantity for Brazilian Real/US Dollar (BRL/USD) futures and related spreads will be changed as follows:
| Change to Maximum Order Quantity for Brazilian Real/U.S. Dollar (BRL/USD) Futures | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current tag 1140-MaxTradeVol |
New tag 1140-MaxTradeVol |
| Brazilian Real/U.S. Dollar (BRL/USD) Futures | 6L | 6L | 2500 | 5000 |
Please Note: No GTD/GTC orders will be cancelled.
This change is currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CME.
Events and Announcements
CME Group Settlement File and Daily Bulletin Modifications - April 1
To ensure client readiness for the changes to CME Group Settlement Files and Daily Bulletin, the decommission of the following folders has been postponed until Monday, April 1.
- https://www.cmegroup.com/ftp/settle/
- https://www.cmegroup.com/ftp/bulletin
- https://www.cmegroup.com/ftp/pub/settle/
- https://www.cmegroup.com/ftp/pub/bulletin
- ftp.cmegroup.com/settle
- ftp.cmegroup.com/bulletin
- ftp.cmegroup.com/pub/settle
- ftp.cmegroup.com/pub/bulletin
As a result, CME Group will be making this information available to clients in the following ways:
- Daily Bulletin: CME Group Daily Bulletin files will continue to be available via the Daily Bulletin web page.
- Settlement Files: CME Group daily Settlement Files are available via the CME DataMine platform. Please take note the publication times of these files will be midnight Central Time (CT) but will continue to be available free of charge. For those that require daily Settlement Files before midnight, the end of day file is available via CME DataMine with paid subscription.
Clients with real-time or delayed market data licenses who receive their data via CME MDP 3.0 Market Data, CME Group Data on Google Pub/Sub, or an authorized distributor of CME Group market data, may expect settlement publication times to remain unchanged.
More information on access options to settlement data, including CME DataMine, is now available in the FAQ.
Contemporaneous with these changes, settlement prices on cmegroup.com product pages will also be published at midnight CT.
You are encouraged to assess your firms’ requirements as soon as practicable to ensure there is no material disruption to the use of data procured from the CME Group FTP site today.
For more information, contact the Market Data Team.
