For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.
Critical Updates
Security Status Launch for CME Market Data Over WebSocket API - April 21
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 this 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.
UpdateCME Globex Order Entry Web Service APIs - Q2 2024
† Denotes update to the article
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 updated launch schedule.
This solution is currently available in the New Release environment; a production date will be announced in future notices.
UpdateiLink 3 CGW Migration - Deadline December 31
† Denotes update to the article
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, all customer systems must be certified for Audit Trail for iLink 3 prior to going to the production environment.
† For additional information, please review the audit trail regulatory requirements in the Client Systems Wiki.
Please contact Market Regulation Audit Trail Team directly to confirm your firm's audit trail compliance requirements.
Product Launches
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 are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
NewMini RBOB Gasoline vs. Eurobob Non-Oxy NWE Barges (Argus) (34,986 gallons) Futures - April 21
Effective Sunday, April 21 (trade date Monday, April 22), pending completion of all regulatory review periods, Mini RBOB Gasoline vs. Eurobob Non-Oxy NWE Barges (Argus) (34,986 gallons) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Mini RBOB Gasoline vs. Eurobob Non-Oxy NWE Barges (Argus) (34,986 gallons) 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 |
| Mini RBOB Gasoline vs. Eurobob Non-Oxy NWE Barges (Argus) (34,986 gallons) Futures | POB | CP | 382 |
This futures contract will be available for customer testing in New Release on Monday, April 15.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
NewListing LNG Freight 174,000 Cubic Metre (Baltic) Strips and Spreads - May 19
Effective Sunday, May 19 (trade date Monday, May 20), the following LNG Freight 174,000 Cubic Metre (Baltic) spreads will be listed on CME Globex.
| Listing LNG Freight 174,000 Cubic Metre (Baltic) Strips and Spreads | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Tag 762- SecuritySubType |
| LNG Freight Route Australia to Japan RV (BLNG1-174) (Baltic) Futures | BG1 | FT | SP (Standard Calendar Spread) SA (Strip) SB (Balanced Strip Spread) |
| LNG Freight Route US Gulf to Continent RV (BLNG2-174) (Baltic) Futures | BG2 | FT | SP (Standard Calendar Spread) SA (Strip) SB (Balanced Strip Spread) |
| LNG Freight Route US Gulf to Japan RV (BLNG3-174) (Baltic) Futures | BG3 | FT | SP (Standard Calendar Spread) SA (Strip) SB (Balanced Strip Spread) |
These spreads will be available for customer testing in New Release on Monday, April 22.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Product Changes
Change 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 are currently available in New Release for customer testing.
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.
NewChange to Minimum Price Increment for €STR Futures and Spread Strategy Type - April 21
Effective Sunday, April 21 (trade date Monday, April 22), pending the completion of all regulatory review periods, the minimum price fluctuation in tag 969-MinimumPriceIncrement on MDP 3.0 Security Definition (tag 35-MsgType=d) for the €STR futures and spreads will change.
Along with this change, the strategy type for the €SR vs. SR3 spread will change from IS to RI. Details on the spread type functionality are available in the CME Group Client Systems Wiki. The spread type is defined in tag 762-SecuritySubType in the MDP 3.0 Security Definition message.
| CHANGE TO MINIMUM PRICE INCREMENT FOR €STR 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 (€STR) Futures | ESR | EY | 0.500000000 | 0.250000000 | SP RI(vs.SR3) |
Please Note: To facilitate this change, customers are asked to cancel all €SR vs. SR3 Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders after the close on Friday, April 19. After 4 p.m. Central Time (CT) on Friday, April 19, all remaining GT orders for these spreads will be canceled or deleted by the CME Global Command Center (GCC).
This change will be available in New Release for customer testing on Monday April 8.
These contracts are listed with, and subject to, the rules and regulations of CME.
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.
Changes 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
Messaging 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.
NewSave the Date: Final Phase of CME Group Backup Datacenter Migration and Test - May 11
CME Group is pleased to announce it is completing the final phase of a multiyear move and upgrade of our backup datacenter as part of our commitment to the protection of our customers. To help ensure customers can connect to our backup clearing and trading systems, CME Group will hold mock disaster recovery testing at 10 a.m. Eastern Time (ET) Saturday, May 11. A registration form and test script will be available in the coming days.
Please Note: Unlike the annual FIA exercise, customers do not need to test from Disaster Recovery – please plan to stay in your production environment if you join us on May 11.
