For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.
Critical Updates
CME Benchmark Administration Premium SBE Schema Launch - This Week
Effective this 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 is currently available.
The new SBE schema is currently available for customer testing in New Release.
Settlements and Valuations SBE Schema and Eris B and C Launch - This Week
Effective this 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 - This Week
Effective this 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.
Mass Quote Protection Enhancements - June 30
Effective Sunday, June 30 (trade date Monday, July 1), in addition to the current Mass Quote Protection (MQP) types, CME Group will offer the new Fill % (F) MQP type at the Group Code and Product Line levels.
| Mass Quote Protection Enhancements | |
|---|---|
| New MQP Type | Definition |
| Fill % (F) | Fill % (F) will be the cumulative sum of each quote's execution quantity relative to its original quote quantity during a single MQP duration. Tallies each time a quote's bid or ask trades Example:
|
More information about the new MQP type is available in the client impact assessment.
Certification for the new Fill % (F) MQP type is not mandatory for client systems already certified for the Mass Quote suite.
The new MQP Type is currently available in New Release for customer testing.
Current MQP Type Decommission
Effective Sunday, October 13, the following MQP types will be decommissioned:
- New Quote Fill (X)
- Execution (Y)
- Buy/Sell (Sides)
- Delta (D)
Please Note: CME Group will continue to support the existing MQP type - Traded Quantity (Z).
The current and new MQP types will be supported in parallel as follows:
| MQP Types | Currently | June 30 | October 13 |
|---|---|---|---|
| New - Fill % (F) | Not Available | Supported | Supported |
| Traded Quantity (Z) | Supported | Supported | Supported |
| New Quote Fill (X) | Supported | Supported | Decommissioned |
| Execution (Y) | Supported | Supported | Decommissioned |
| Buy/Sell (Sides) | Supported | Supported | Decommissioned |
| Delta (D) | Supported | Supported | Decommissioned |
All iLink Mass Quote customers are encouraged to migrate to the new Fill % (F) type as early as possible prior to the current MQP types decommission.
CME Globex Order Entry Web Service APIs - Q2 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 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, 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. Audit Trail Production sample requirements guidelines can be found here.
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
Listing Additional Eris SOFR Inter-Commodity Curve Spreads - This Week
Effective this Sunday, April 21 (trade date Monday, April 22), the CME will add additional Eris SOFR Intercommodity spreads on CME Globex.
| Listing Additional Eris SOFR Inter-commodity 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 are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
UpdateMini RBOB Gasoline vs. Eurobob Non-Oxy NWE Barges (Argus) (34,986 gallons) Futures - May 19
† Denotes update to the article
† Effective Sunday, May 19 (trade date Monday, May 20), 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 Monday, April 22.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
NewEnable Trading At Settlement (TAS) Functionality for Dutch TTF Natural Gas Futures Contracts - May 19
Effective Sunday, May 19 (trade date Monday, May 20), pending completion of all regulatory review periods, the trading at settlement (TAS) functionality will be enabled for the following Dutch TTF products on CME Globex.
| Enable Trading At Settlement (TAS) Functionality for Dutch TTF Natural Gas Futures Contracts | |||
|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
MARKET DATA CHANNEL |
| Dutch TTF Natural Gas Calendar Month TAS | TAS | DG | 386 |
| Dutch TTF Natural Gas Financial Calendar Month TAS | TTS | DG | 386 |
Customers testing in New Release will be available on Monday, April 22.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
€STR Options - May 19
Effective Sunday, May 19 (trade date Monday, May 20), pending completion of all regulatory review periods, €STR Options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| €STR 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 |
| €STR Options | ESR | EI | EM | 313 |
These options 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 CME.
Listing 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.
Listing Additional TBA vs. Treasury Spreads - June 16
Effective Sunday, June 16 (trade date Monday, June 17), the CME will add additional TBA vs. Treasury spreads on CME Globex.
| Listing Additional TBA vs. Treasury Spreads | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Tag 762- SecuritySubType |
| 30-Year UMBS TBA - 2.0% Coupon vs. 10-Year T-Note | UPT | IV | IV |
| 30-Year UMBS TBA - 2.5% Coupon vs. 10-Year T-Note | UQY | IV | IV |
| 30-Year UMBS TBA - 3.0% Coupon vs. 10-Year T-Note | URY | IV | IV |
| 30-Year UMBS TBA - 3.5% Coupon vs. 10-Year T-Note | UTY | IV | IV |
| 30-Year UMBS TBA - 4.0% Coupon vs. 10-Year T-Note | UUY | IV | IV |
| 30-Year UMBS TBA - 4.5% Coupon vs. 10-Year T-Note | YTU | IV | IV |
| 30-Year UMBS TBA - 5.0% Coupon vs. 10-Year T-Note | THY | IV | IV |
| 30-Year UMBS TBA - 5.5% Coupon vs. 10-Year T-Note | UVY | IV | IV |
| 30-Year UMBS TBA - 6.0% Coupon vs. 10-Year T-Note | UWY | IV | IV |
| 30-Year UMBS TBA - 6.5% Coupon vs. 10-Year T-Note | UYY | IV | IV |
| 30-Year UMBS TBA - 2.0% Coupon vs. 5-Year T-Note | UPF | IV | IV |
| 30-Year UMBS TBA - 2.5% Coupon vs. 5-Year T-Note | UQF | IV | IV |
| 30-Year UMBS TBA - 3.0% Coupon vs. 5-Year T-Note | URF | IV | IV |
| 30-Year UMBS TBA - 3.5% Coupon vs. 5-Year T-Note | UYF | IV | IV |
| 30-Year UMBS TBA - 4.0% Coupon vs. 5-Year T-Note | UUF | IV | IV |
| 30-Year UMBS TBA - 4.5% Coupon vs. 5-Year T-Note | VTU | IV | IV |
| 30-Year UMBS TBA - 5.0% Coupon vs. 5-Year T-Note | THF | IV | IV |
| 30-Year UMBS TBA - 5.5% Coupon vs. 5-Year T-Note | UVF | IV | IV |
| 30-Year UMBS TBA - 6.0% Coupon vs. 5-Year T-Note | UWV | IV | IV |
| 30-Year UMBS TBA - 6.5% Coupon vs. 5-Year T-Note | UYF | IV | IV |
These spreads will be available for customer testing in New Release on Monday, June 3.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
Product Changes
Change to Minimum Price Increment for €STR Futures and Spread Strategy Type - This Week
Effective this 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: Resting orders will not need to be cancelled for this change.
This change are currently available in New Release for customer testing.
These contracts are listed with, and subject to, the rules and regulations of CME.
Listing Additional Eris SOFR Intercommodity Curve Spreads - This Week
Effective this 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 are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
NewChange to Strike Price Listing for Equity Options - May 12
Effective Sunday, May 12 (trade date Monday, May 13), the strike price listing rule will be changed for these Equity options on CME Globex and for submission for clearing via CME ClearPort.
These options will be available for customer testing in New Release on Monday, April 29.
These contracts are listed with, and subject to, the rules and regulations of CME.
NewChanges to FIX Tag and BPVM for Eris Treasury ICS - May 19
Effective Sunday, May 19 (trade date Monday, May 20), and pending all relevant regulatory review periods, the cross functionality for Eris Treasury ICS will change as follows:
- FIX tag change from IV to ER
- Configure a Better Price or Volume Match (BPVM) allocation of 40%
Please Note: To facilitate this change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders after the close on Friday, May 17. After 16:00 CT on Friday, May 17, all remaining GT orders for these Eris Treasury ICS contracts will be canceled or deleted by the CME Global Command Center (GCC)
| Change to FIX tag for Eris Treasury ICS | |||
|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | Current MDP 3.0 tag 1151 - Security Group |
New MDP 3.0 tag 1151 - Security Group |
| 7-Year Eris SOFR Swap Futures vs. 10-Year T-Note Futures | EBN | IV | ER |
| 5-Year Eris SOFR Swap Futures vs. 5-Year T-Note Futures | EWV | ||
| 10-Year Eris SOFR Swap Futures vs. Ultra 10-Year T-Note Futures | EYT | ||
| 2-Year Eris SOFR Swap Futures vs. 2-Year T-Note Futures | ETU | ||
These changes will be available for customer testing in New Release on Monday, April 22.
Certification is mandatory for all customers who intend to leverage the cross functionality on CME Globex futures and options contracts.
NewListing Cycle Expansion for North European Hot-Rolled Coil Steel (Argus) Futures and Option - May 19
Effective Sunday, May 19 (trade date Monday, May 20), the listing cycle for the following North European Hot-Rolled Coil Steel futures and option will be expanded on CME Globex.
| Listing Cycle Expansion for North European Hot-Rolled Coil Steel (Argus) 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 |
| North European Hot-Rolled Coil Steel (Argus) Futures | EHR | MA | Monthly contracts listed for 18 consecutive months | Monthly contracts listed for the current year and the next 2 calendar years. List monthly contracts for a new calendar year following the December contract of the current year. |
| North European Hot-Rolled Steel (Argus) Average Price Option | EHO | AD | ||
These products 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 COMEX.
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
UpdateSave the Date: Final Phase of CME Group Backup Datacenter Migration and Test - May 11
† Denotes update to the article
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.
† The DR Test Script is now available.
A registration form will be available in the upcoming notices.
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.
