For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.
Critical Updates
iLink 3 Mass Quote Cancellation Change - This Week
Starting this Sunday, March 3 (trade date Monday, March 4), 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 |
|---|---|---|
| 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.
ITC 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.
CME Benchmark Administration Premium SBE Schema Launch - April 14
Effective Sunday, April 14 (trade date Monday, April 15), CME Group will update the Simple Binary Encoding (SBE) schema for CME Benchmark Administration Premium channel 261 and Smart Stream SBE. The new schema will be incremented from version 2 to 3 in the version field in the simple binary header. There will be no SBE template impacts with this update.
Complete schema details can be found in the New Release schema on the FTP/SFTP site via the file svstreammktdata_v3.xml. The production version 3 SBE schema file on the FTP/SFTP will be available starting Sunday, March 31.
The new SBE schema will be available for customer testing in New Release on Thursday, March 14.
Settlements and Valuations SBE Schema and Eris B and C Launch - April 14
Effective Sunday, April 14 (trade date Monday, April 15), CME Group will update the Simple Binary Encoding (SBE) schema for CME Data Insights Settlements and Valuations and Smart Stream SBE to support the launch of Eris B&C datasets.
The Eris B&C datasets provide current pricing components, historical settlement and conversion data for Eris Swap futures; an alternative to traditional Over-the-Counter Interest Rate Swaps (OTC IRS) currently offered by CME Group.
Please review the Client Impact Assessment for full technical details and launch schedule.
iLink 3 CGW Migration - Deadline December 31
iLink 3 is now live in production for CGW since January 28, 2024. All customers using the Convenience Gateways (CGW) for order entry must complete their migration to iLink 3 by Tuesday, December 31, including functional certification and session migration as outlined in the Client Impact Assessment.
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. Please send an email request to Audit Trail.
Only after your Order Entry is certified, pleasecomplete 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
Initial Listing of CME Micro Bitcoin Euro Futures and Micro Ether Euro Futures Contracts - March 17
Effective Sunday, March 17 (trade date Monday, March 18), pending completion of all regulatory review periods, CME Micro Bitcoin Euro futures and Micro Ether Euro futures contracts will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Initial Listing of CME Micro Bitcoin Euro Futures and Micro Ether Euro 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 |
| Micro Bitcoin Euro Futures | EBM | GB | 326 |
| Micro Ether Euro Futures | EEM | OE | 326 |
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.
Basis Trade at Index Close (BTIC) Transaction Eligibility on Cryptocurrency Futures against the APAC Index Close - March 17
Effective Sunday, March 17 (trade date Monday, March 18), pending completion of all regulatory review periods, Basic Trade at Index Close (BTIC) transactions on Cryptocurrency futures against the Asia Pacific Index Close will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Basis Trade at Index Close (BTIC) Transaction Eligibility on Cryptocurrency Futures against the APAC Index Close | |||
|---|---|---|---|
| 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 |
| BTIC on Bitcoin futures against APAC Close (Bitcoin Reference Rate APAC – BRRAP) | ABB | HB | 326 |
| BTIC on Micro Bitcoin futures against APAC Close (Bitcoin Reference Rate APAC – BRRAP) | AMB | HB | 326 |
| BTIC on Ether futures against APAC Close (Ether-Dollar Reference Rate APAC - ETHUSD_AP) | ATB | EC | 326 |
| BTIC on Micro Ether futures against APAC Close (Ether-Dollar Reference Rate APAC - ETHUSD_AP) | AHB | EC | 326 |
These BTIC transactions are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CME.
Listing 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 are currently available for customer testing in New Release.
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 Inter-commodity Spread | |
| 30-Year UMBS TBA Futures - 2.5% Coupon Spread to 10-Year Note Future | UQN | IV | IV - Implied Inter-commodity Spread | |
| 30-Year UMBS TBA Futures - 3.0% Coupon Spread to 10-Year Note Future | URN | IV | IV - Implied Inter-commodity Spread | |
| 30-Year UMBS TBA Futures - 3.5% Coupon Spread to 10-Year Note Future | UTN | IV | IV - Implied Inter-commodity Spread | |
| 30-Year UMBS TBA Futures - 4.0% Coupon Spread to 10-Year Note Future | UUN | IV | IV - Implied Inter-commodity Spread | |
| 30-Year UMBS TBA Futures - 4.5% Coupon Spread to 10-Year Note Future | NTU | IV | IV - Implied Inter-commodity Spread | |
| 30-Year UMBS TBA Futures - 5.0% Coupon Spread to 10-Year Note Future | THN | IV | IV - Implied Inter-commodity Spread | |
| 30-Year UMBS TBA Futures - 5.5% Coupon Spread to 10-Year Note Future | UVN | IV | IV - Implied Inter-commodity Spread | |
| 30-Year UMBS TBA Futures - 6.0% Coupon Spread to 10-Year Note Future | UWN | IV | IV - Implied Inter-commodity Spread | |
| 30-Year UMBS TBA Futures - 6.5% Coupon Spread to 10-Year Note Future | UYN | IV | IV - Implied Inter-commodity 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 is currently available for customer testing in New Release.
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.
NewOptions on Urea (Granular) FOB US Gulf Futures - March 24
Effective Sunday, March 24 (trade date Monday, March 25), pending completion of all regulatory review periods, Options on Urea (Granular) FOB Gulf futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Options on Urea (Granular) FOB US Gulf 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 |
| Options on Urea (Granular) FOB US Gulf Futures | UGO | U1 | 341 |
These futures will be available for customer testing in New Release on Monday, March 18.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
NewListing Additional Invoice Swap Spread Candidates - March 24
Effective Sunday, March 24 (trade date Monday, March 25), pending completion of all regulatory review periods, additional Invoice Swap Spread candidates will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Listing Additional Invoice Swap Spread Candidates | |||
|---|---|---|---|
| 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 |
| Two-Year Treasury Invoice Swap Spread -- Second Candidate | TVB | SR | 344 |
| Two-Year Treasury Invoice Swap Spread -- Third Candidate | TVC | ||
| Two-Year Treasury Invoice Swap Spread - Fourth Candidate | TVD | ||
| Two-Year Treasury Invoice Swap Spread - Fifth Candidate | TVE | ||
| Two-Year Treasury Invoice Swap Spread - Sixth Candidate | TVF | ||
| Five-Year Treasury Invoice Swap Spread -- Second Candidate | FYB | SA | |
| Five-Year Treasury Invoice Swap Spread -- Third Candidate | FYC | ||
| Five-Year Treasury Invoice Swap Spread - Fourth Candidate | FYD | ||
| Five-Year Treasury Invoice Swap Spread - Fifth Candidate | FYE | ||
| Five-Year Treasury Invoice Swap Spread - Sixth Candidate | FYF | ||
These spreads will be available for customer testing in New Release on Monday, March 11.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
Micro Ultra Treasury Futures - March 24
Effective Sunday, March 24 (trade date Monday, March 25), pending completion of all regulatory review periods, the below Micro Ultra Treasury futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Micro Ultra Treasury 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 Ultra 10-Year U.S. Treasury Note Futures | MTN | Z4 | 344 |
| Micro Ultra U.S. Treasury Bond Futures | MWN | Z5 | 344 |
These futures will be available for customer testing in New Release on Monday, March 11.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
NewWTI Financial Futures - April 14
Effective Sunday, April 14 (trade date Monday, April 15), pending completion of all regulatory review periods, WTI Financial futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| WTI Financial 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 |
|---|---|---|---|
| WTI Quarterly Financial Futures | QCS | CC | 382 |
| WTI Semi-Annual Financial Futures | HCS | CC | 382 |
| WTI Annual Financial Futures | ACS | CC | 382 |
These futures will be available for customer testing in New Release on Monday, March 25.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Product Changes
Listing Cycle Expansion for Crude Oil TAS Spreads - March 17
Effective Sunday, March 17 (trade date Monday, March 18), the listing cycle for the following Crude Oil TAS Spreads will be expanded on CME Globex.
| Listing Cycle Expansion for Crude Oil TAS Spreads | ||||
|---|---|---|---|---|
| Listing Cycle Expansion for Crude Oil TAS Spreads Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current Listing Schedule | New Listing Schedule |
| Crude Oil TAS | CLT | CL | All calendar spreads for 6 months 1 Jun-Dec spread 1 Dec-Jun spread |
All calendar spreads for 6 months All calendar spreads month 1 vs. month 7-13 1-month spreads months 7-13 1 Jun-Dec spread 1 Dec-Jun spread (See TAS Table Tab) |
These products are currenlty available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Change to Strike Price Listing for Refined Products - March 17
Effective Sunday, March 17 (trade date Monday, March 18), the strike price listing rule will be changed for Refined Products will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Change to Strike Price Listing for Refined Products | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current | New |
| RBOB Gasoline Option | OB | OB | ATM + 50 strikes at 0.01 increments then 30 strikes at 0.05 increments for 12 months plus dynamic strikes at 0.01 increments. Dynamic strikes only at 0.01 increments for months 13+. |
ATM + 50 strikes at 0.01 increments then 30 strikes at 0.05 increments for 18 months plus dynamic strikes at 0.01 increments. Dynamic strikes only at 0.01 increments for months 19+. |
| NY Harbor ULSD Option | OH | OH | ||
| RBOB Gasoline Average Price Option | RA | EF | Dynamic strikes only at 0.01 increments. | ATM + 20 strikes at 0.01 increments then 10 strikes at 0.05 increments for 18 months plus dynamic strikes at 0.01 increments. Dynamic strikes only at 0.01 increments for months 19+. |
These options are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
NewRenaming Treasury Invoice Swap Spreads - March 24
Effective Sunday, March 24 (trade date Monday, March 25), the Treasury Invoice Swap Spreads will be renamed as follows:
| Renaming Treasury Invoice Swap Spreads | |||
|---|---|---|---|
| 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 |
| Two-Year Treasury Invoice Swap Spread -- Initial | Two-Year Treasury Invoice Swap Spread -- First Candidate | TVA | SR |
| Five-Year Treasury Invoice Swap Spread -- Initial | Five-Year Treasury Invoice Swap Spread -- First Candidate | FYA | SA |
These contracts are listed with, and subject to, the rules and regulations of CBOT.
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.
