For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.
Critical Updates
ITC Market Data Channel Decommissions - This Week
Effective this 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.
UpdateSecurity Status Launch for CME Market Data Over WebSocket API - April 21
† Denotes update to the article
† Effective Sunday, April 21 (trade date Monday, April 22), CME Group will launch Market Data Security Status messaging functionality for CME Market Data over WebSocket API. The Market Data Security Status message is used to indicate:
- Security group market state change
- Instrument state change
- Implied matching OFF/ ON state
Please review the Client Impact Assessment for full technical details and launch schedule.
CME Benchmark Administration Premium SBE Schema Launch - April 21
Effective Sunday, April 21 (trade date Monday, April 22), 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 is currently available for customer testing in New Release.
Settlements and Valuations SBE Schema and Eris B and C Launch - April 21
Effective Sunday, April 21 (trade date Monday, April 22), 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.
Increased Mass Quote Messaging Reject Threshold - April 21
Effective Sunday, April 21 (trade date Monday, April 22), customers will be able to quote and quote cancel up to 400 messages per second (MPS). Currently, customers can quote or quote cancel a maximum of 375 MPS.
| Increased Mass Quote Messaging Reject Threshold | ||||
|---|---|---|---|---|
| Environment | Message | Current Reject Threshold | New Reject Threshold | Interval |
| Production | Mass Quote and Quote Cancel Messages | 375 | 400 | Three-second window |
| New Release | Mass Quote and Quote Cancel Messages | 25 | 30 | |
This change is currently available for customer testing in New Release.
More information about the current Mass Quote Messaging Thresholds is available in the Client Systems Wiki.
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, 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
Options on Urea (Granular) FOB US Gulf Futures - This Week
Effective this 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 are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
Listing Additional Invoice Swap Spread Candidates - This Week
Effective this 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 are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
Micro Ultra Treasury Futures - This Week
Effective this 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 are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
WTI 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 Lithium Futures and Option - This Week
Effective this Sunday, March 24 (trade date Monday, March 25), the listing cycle for the following Lithium futures and option will be expanded on CME Globex.
| Listing Cycle Expansion for Lithium Futures and Option | ||||
|---|---|---|---|---|
| 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 | Monthly contracts listed for 24 consecutive months | Monthly contracts listed for the current year and the next 2 calendar years. |
| Lithium Hydroxide CIF CJK (Fastmarkets) Average Price Option | LHO | LW | ||
| Lithium Carbonate CIF CJK (Fastmarkets) Futures | LTC | LI | ||
These products are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of COMEX.
Renaming Treasury Invoice Swap Spreads - This Week
Effective this 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.
NewChange to Committed-Cross Functionality for CME and CBOT Equity Options - April 14
Effective Sunday, April 14 (trade date Monday, April 15), and pending all relevant regulatory review periods, the Committed-Cross(C-Cross) Better Price or Volume Match (BPVM) allocation for CME and CBOT Equity options on CME Globex will be amended to 50%.
Currently the C-Cross BPVM allocation is configured to 0%.
These changes will be made available in New Release for customer testing on Monday, March 25.
For additional information on the change and product list, please review the Special Executive Report (SER).
Certification is mandatory for all customers who intend to leverage the cross functionality on CME Globex.
Listing Additional Eris SOFR Intercommodity Curve Spreads - April 21
Effective Sunday, April 21 (trade date Monday, April 22), CME Group will add additional Eris SOFR Intercommodity Spreads on CME Globex.
| Listing Additional Eris SOFR Intercommodity Curve Spreads | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Tag 762- SecuritySubType |
| 5-Year (YIW) vs. 7-Year (YIB) Eris SOFR Swap Futures | EIB | ER | IV |
| 7-Year (YIB) vs. 10-Year (YIY) Eris SOFR Swap Futures | EBY | ER | IV |
These spreads will be available for customer testing in New Release on Monday, April 8.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
NewChanges to External Instrument Name for S&P 500 Options - Limited Resting Order Eliminations - June 30
Effective Sunday, June 30 (trade date Monday, July 1), CME Group will make changes to the external instrument name to support 5-byte strike prices for S&P 500 options. The external instrument name is provided in MDP 3.0 tag 55-Symbol and iLink tag 107-SecurityDesc.
Only S&P 500 options that have strikes less than 1,000 will be impacted.
Please Note: To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for contracts with strikes < 1,000, including any User- or Exchange-Defined Spreads, by the close on Friday, June 28. After 4:00 p.m. Central Time (CT) on Friday, June 28, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).
| External Alias and Strike Price Listing for S&P 500 Options | ||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
Example of Current MDP 3.0 TAG 55-SYMBOL |
Example of New MDP 3.0 TAG 55-SYMBOL |
| E-mini S&P 500 Options | ES | EW | E1AF4 C0900 | E1AF4 C900 |
| E-mini S&P 500 Monday Weekly Options - Week 1-5 | E1A-E5A | EW | ||
| E-mini S&P 500 Tuesday Weekly Options - Week 1-5 | E1B-E5B | EW | ||
| E-mini S&P 500 Wednesday Weekly Options - Week 1-5 | E1C-E5C | EW | ||
| E-mini S&P 500 Thursday Weekly Options - Week 1-5 | E1D-E5D | EW | ||
| E-mini S&P 500 Weekly Options - Week 1-4 | EW1-EW4 | EW | ||
| E-mini S&P 500 EOM Options | EW | EW | ||
| Options on Micro E-mini Standard and Poors 500 Stock Price Index Futures | MES | EO | ||
| Monday Weekly Options on Micro E-mini S&P 500 Index Futures - Week 1-5 (European-Style) | X1A-X5A | EO | ||
| Tuesday Weekly Options on Micro E-mini S&P 500 Index Futures - Week 1-5 (European-Style) | X1B-X5B | EO | ||
| Wednesday Weekly Options on Micro E-mini S&P 500 Index Futures - Week 1-5 (European-Style) | X1C-X5C | EO | ||
| Thursday Weekly Options on Micro E-mini S&P 500 Index Futures - Week 1-5 (European-Style) | X1D-X5D | EO | ||
| Weekly Options on Micro E-mini Standard and Poors 500 Stock Price Index Futures - Week 1-4 | EX1-EX4 | EO | ||
| Micro E-mini Standard and Poors 500 Stock Price EOM Options | EX | EO | ||
As a reminder, CME Group does not recommend parsing the external instrument name to determine instrument characteristics.
Please Note: tag 202-Strike Price on the MDP 3.0 Security Definition (tag 35-MsgType=d) message will not change.
These changes will be made available for customer testing in New Release on Monday, May 20.
These contracts are listed with, and subject to, the rules and regulations of CME.
Events and Announcements
NewMessaging Efficiency Program Q2 2024 - Now Available
The Q2 2024 CME Globex futures and options on futures Messaging Efficiency Program Product Group Benchmarks are now available. No changes were made in Q2 2024 Product Group Benchmarks versus Q1 2024 Product Group Benchmarks.
Please Note: The Excessive Messaging Threshold (EMT) for both Globex Firms and iLink session IDs remains in place for all futures and options on futures products which trade on CME Globex. Please refer to pages 16-18 in the CME Globex Messaging Efficiency Program for EMT related information.
The CME Globex Messaging Efficiency Program creates fair business guidelines by which customers are billed a surcharge for overly high message rates.
CME Globex firms who exceed the benchmark ratios in applicable product groups and are signed-up accordingly, receive email notifications of any potential surcharges. CME Globex firms who have access to the Firm Administrator Dashboard have the ability to view their messaging statistics on a T+1 basis.
Please contact your Global Account Manager with any questions.
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.
