For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.

Critical Updates

UpdateMass Quote Protection Enhancements - June 30

† Denotes update to the article

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: 
  • A bid-side quote quantity =10 trades as a partially fill for 2. 
  • The remaining (resting ) bid-side quotes quantity = 8  and the Fill % (F) MQP tallies to 20%.
MQP functionality will be triggered after the cumulative Fill Percentage exceeds the Fill % (F) threshold.

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.

Balanced Strip Butterfly Spread on CME Globex - July 28

Effective Sunday, July 28 (trade date, Monday July 29), a new exchange-defined Balanced Strip Butterfly futures spread will be made available for trading on CME Globex. The new spread will utilize a new strategy type (BB).

The Balanced Strip Butterfly spread will represent a differential spread composed of three legs having equidistant expirations—the near and deferred expirations of a Balanced Strip Butterfly on one side of the spread, and twice the quantity of the middle expirations of a pack on the other side (1:2:1).

Please review the client impact assessment for detailed spread construction and pricing examples.

The spread is currently available for customer testing in New Release.

The contracts are listed with, and subject to, the rules and regulations of CME.

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.

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. Port activation charges (PAC) and market inactivity charges (MIC) for new iLink 3 sessions for CGW will be waived automatically from creation through the end of October 2024.

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:

Please contact Market Regulation Audit Trail Team if you have any questions.

Product Launches

Settlement Prices for €STR and 3-Month SOFR Future Markers - This Week

Effective this week Sunday, June 9 (trade date Monday, June 10), settlement prices for non-tradable 3-Month SOFR and €STR future markers will be disseminated on CME Globex.

The settlements on non-tradable marker prices will be published approximately at 4:00 p.m. London Time. The prices will be rounded to the tradable tick and published to CME Group website.

NEW SETTLEMENT PRICES FOR €STR AND 3-MONTH SOFR FUTURE MARKERS 
Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
MDP 3.0 tag 1151 - Security Group
Market Data Channels
3-Month SOFR Futures 4:00 p.m. London Marker XY3 04 312
€STR Futures 4:00 p.m. London Marker XYR 04 312

Markers are sent in the MDP 3.0 Market Data Incremental Refresh (tag 35-MsgType=X) with the following attributes:

  • Tag 279- MDUpdateAction will be set to 0 = New
  • Tag 269-MDEntryType will be set to 6 = Settlement Price
  • Tag 5796-Trading Reference will display the date for which the marker price was calculated

The new marker prices are currently available for customer testing in the New Release environment.

These contracts are listed with, and subject to, the rules and regulations of CME.

WTI Crude Oil Shanghai Trade at Marker Futures - June 16

Effective Sunday, June 16 (trade date Monday, June 17), pending completion of all regulatory review periods, WTI Crude Oil Shanghai Trade at Marker futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

WTI Crude Oil Shanghai Trade at Marker Futures CLC WM 382

These futures are currently available in New  Release for customer testing.        

These contracts are listed with, and subject to, the rules and regulations of NYMEX. 

Resting Order Elimination: Change to Minimum Price Increment For Mexican Funding TIIE (Monthly Contracts) Futures - June 16

Effective Sunday, June 16 (trade date Monday, June 17), 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) will be updated as follows for the Mexican Funding TIIE futures:

CHANGE TO MINIMUM PRICE INCREMENT FOR MEXICAN FUNDING TIIE (MONTHLY CONTRACTS) 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
Mexican Funding TIIE (Monthly Contracts) Futures TIE MI 1.000000000 0.500000000 SP, BF, CF, FS

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, June 15. After 16:00 CT on Friday, June 15, all remaining GT orders for these futures will be canceled or deleted by the CME Global Command Center (GCC).

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.

Soybean Oil - NY Harbor ULSD Spread Financial Futures  - June 16

Effective Sunday, June 16 (trade date Monday, June 17), pending completion of all regulatory review periods, Soybean Oil - NY Harbor ULSD Spread Financial futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Soybean Oil - NY Harbor ULSD Spread Financial Futures
PRODUCT MDP 3.0: TAG 6937-ASSET ILINK: TAG 55-SYMBOL
MDP 3.0 TAG 1151 - SECURITY GROUP
MARKET DATA CHANNELMDP 3.0 TAG 1180 - APPLID
Soybean Oil - NY Harbor ULSD (BOHO) Financial Futures BHO OA 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.

Listing 3-Month SOFR Monthly Options - June 16

Effective Sunday, June 16 (trade date Monday, June 17), pending completion of all regulatory review periods, 3-Month SOFR Monthly options will be listed for trading on CME Globex, the CME Trading Floor, and for submission for clearing via CME ClearPort.

LISTING 3-MONTH SOFR MONTHLY OPTIONS
PRODUCT MDP 3.0: TAG 6937-ASSET ILINK: TAG 55-SYMBOL
MDP 3.0 TAG 1151 - SECURITY GROUP
MARKET DATA CHANNEL
SOFR Monthly Options - First March 1YH JE 313
SOFR Monthly Options - First June 1YM
SOFR Monthly Options - First September 1YU
SOFR Monthly Options - First December 1YZ
SOFR Monthly Options - Second March 2YH
SOFR Monthly Options - Second June 2YM
SOFR Monthly Options - Second September 2YU
SOFR Monthly Options - Second December 2YZ

The variable minimum tick increment for 3-Month SOFR Monthly options will be as follows:

VARIABLE TICK TABLE INDEX CODE CME GLOBEX PRICE CME GLOBEX TICK SIZE
12 P < -5 0.50
12 -5 ≤ P ≤ 5 0.25
12 P > 5 0.50

The Variable Tick Table (VTT) values are defined in the instrument’s Security Definition Message (tag 35-MsgType=d) in tag 6350-TickRule tick table value as described online.

These options are currently available for customer testing in New Release.   

These contracts are listed with, and subject to, the rules and regulations of CME.

Bloomberg Credit Futures - June 16

Effective Sunday, June 16 (trade date Monday, June 17), pending completion of all regulatory review periods, Bloomberg Credit futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Bloomberg Credit 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
Bloomberg IG Credit Futures IQB CE 344
Bloomberg HY Credit Futures HYB CE 344
Bloomberg IG Duration-Hedged Credit Futures DHB CE 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.

Additional CME CF Cryptocurrency Pricing Data: Ether Bitcoin Ratios - June 17

Effective Monday, June 17, shortly after 10 a.m. London time, pending completion of all regulatory review periods, CME Group and CF Benchmarks will launch additional cryptocurrency pricing products designed to provide clients with transparent, robust, reliable reference rates and real-time pricing.

The pricing data will be offered via streamlined CME CF Cryptocurrency Pricing Market Data feed on channel 213 and through DataMine.

The feed will publish the following:

  • CME CF Ether Bitcoin Ratio Reference Rates (ETHBTC_USDRR), to be published·shortly after 4 p.m. London time each day including weekends and bank holidays.
  • CME CF Ether Bitcoin Ratio Real Time Index (ETHBTC_USDRTI), to be published daily approximately once every second.

The additional cryptocurrency ratios are currently available for testing in New Release.    Certification is not required.

Listing Additional TBA vs. Treasury Spreads - June 30

Effective Sunday, June 30 (trade date Monday, July 1), additional TBA vs. Treasury spreads  will be listed 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 ER IV
30-Year UMBS TBA - 2.5% Coupon vs. 10-Year T-Note UQY ER IV
30-Year UMBS TBA - 3.0% Coupon vs. 10-Year T-Note URY ER IV
30-Year UMBS TBA - 3.5% Coupon vs. 10-Year T-Note UTY ER IV
30-Year UMBS TBA - 4.0% Coupon vs. 10-Year T-Note UUY ER IV
30-Year UMBS TBA - 4.5% Coupon vs. 10-Year T-Note YTU ER IV
30-Year UMBS TBA - 5.0% Coupon vs. 10-Year T-Note THY ER IV
30-Year UMBS TBA - 5.5% Coupon vs. 10-Year T-Note UVY ER IV
30-Year UMBS TBA - 6.0% Coupon vs. 10-Year T-Note UWY ER IV
30-Year UMBS TBA - 6.5% Coupon vs. 10-Year T-Note UYY ER IV
30-Year UMBS TBA - 2.0% Coupon vs. 5-Year T-Note UPF ER IV
30-Year UMBS TBA - 2.5% Coupon vs. 5-Year T-Note UQF ER IV
30-Year UMBS TBA - 3.0% Coupon vs. 5-Year T-Note URF ER IV
30-Year UMBS TBA - 3.5% Coupon vs. 5-Year T-Note UTV ER IV
30-Year UMBS TBA - 4.0% Coupon vs. 5-Year T-Note UUF ER IV
30-Year UMBS TBA - 4.5% Coupon vs. 5-Year T-Note VTU ER IV
30-Year UMBS TBA - 5.0% Coupon vs. 5-Year T-Note THF ER IV
30-Year UMBS TBA - 5.5% Coupon vs. 5-Year T-Note UVF ER IV
30-Year UMBS TBA - 6.0% Coupon vs. 5-Year T-Note UWV ER IV
30-Year UMBS TBA - 6.5% Coupon vs. 5-Year T-Note UYF ER IV

These spreads will be available for customer testing in New Release on Monday, June 17.

These contracts are listed with, and subject to, the rules and regulations of CBOT.

RINs Futures and Options - June 30

Effective Sunday, June 30 (trade date Monday, July 1), pending completion of all regulatory review periods, RINs futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

RINs Futures and Options
PRODUCT MDP 3.0: TAG 6937-ASSET ILINK: TAG 55-SYMBOLMDP 3.0 TAG 1151 - SECURITY GROUP MARKET DATA CHANNELMDP 3.0 TAG 1180 - APPLID
D4 Biodiesel RINs (OPIS) Futures RN4 RI 382
D6 Ethanol RINs (OPIS) Futures RN6 RI 382
D4 Biodiesel RINs (OPIS) Average Price Option RO4 EF (EX UDS) 387
D6 Ethanol RINs (OPIS) Average Price Option RO6 EF (EX UDS) 387

These futures and options will be available for customer testing in New Release on Monday, June 17

These contracts are listed with, and subject to, the rules and regulations of NYMEX.

NewCalifornia Low Carbon Fuel Standard (OPIS) Futures - June 30

Effective Sunday, June 30 (trade date Monday, July 1), pending completion of all regulatory review periods, California Low Carbon Fuel Standard (OPIS) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

California Low Carbon Fuel Standard (OPIS) 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
California Low Carbon Fuel Standard (OPIS) Futures LCS VX 380

These futures will be available for customer testing in New Release on Monday, June 17.

This contract is listed with, and subject to, the rules and regulations of NYMEX

NewWTI-Brent BALMO Futures - June 30

Effective Sunday, June 30 (trade date Monday, July 1), pending completion of all regulatory review periods, WTI-Brent BALMO Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

WTI-Brent BALMO 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-Brent BALMO Futures BKB CC 382

These  futures will be available for customer testing in New Release on Monday, June 17.

These contracts are listed with, and subject to, the rules and regulations of NYMEX.

Crude Oil Tuesday and Thursday Weekly Options - July 21

Effective Sunday, July 21 (trade date Monday, July 22), pending completion of all regulatory review periods, Crude Oil Tuesday and Thursday Weekly options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

CRUDE OIL TUESDAY AND THURSDAY WEEKLY 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
MARKET DATA CHANNEL
MDP 3.0 TAG 1180 - APPLID
Crude Oil Tuesday Weekly Option NL1-NL5 LO 1N 383
Crude Oil Thursday Weekly Option XL1-XL5 LO  1N  383

These options will be available for customer testing in New Release on Monday, July 1.

These contracts are listed with, and subject to, the rules and regulations of NYMEX.

Listing Additional €STR Futures Spreads - July 21

Effective Sunday, July 21 (trade date Monday, July 22), the following €STR futures spreads will be listed on CME Globex.

LISTING ADDITIONAL €STR FUTURES SPREADS
PRODUCT MDP 3.0: TAG 6937-ASSET iLink: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP TAG 762-SecuritySubType
€STR Futures Butterfly ESR EY BF
€STR Futures Double-Butterfly ESR EY DF
€STR Futures Condor ESR EY CF

These spreads will be available for customer testing in New Release on Monday, July 8

These contracts are listed with, and subject to, the rules and regulations of CME.

Balanced Strip Butterfly Spread on CME Globex - July 28

Effective Sunday, July 28 (trade date, Monday July 29), a new exchange-defined Balanced Strip Butterfly futures spread will be made available for trading on CME Globex. The new spread will utilize a new strategy type (BB).

The Balanced Strip Butterfly spread will represent a differential spread composed of three legs having equidistant expirations—the near and deferred expirations of a Balanced Strip Butterfly on one side of the spread, and twice the quantity of the middle expirations of a pack on the other side (1:2:1).

Please review the client impact assessment for detailed spread construction and pricing examples.

The spread is currently available for customer testing in New Release.

The contracts are listed with, and subject to, the rules and regulations of CME.

Listing Henry Hub Natural Gas European Seasonal Strips - July 28

Effective Sunday, July 28 (trade date Monday, July 29), add Henry Hub Natural Gas European Seasonal strips for the current year and the next 12 years will be listed on CME Globex.

Listing Henry Hub Natural Gas European Seasonal Spreads
PRODUCT MDP 3.0: TAG 6937-ASSET ILINK: TAG 55-SYMBOL
MDP 3.0 TAG 1151 - SECURITY GROUP
TAG 762-SecuritySubType
Henry Hub Natural Gas Futures NG NG SA (Energy Strip)

These spreads will be available for customer testing in New Release on Monday, July 22.

These contracts are listed with, and subject to, the rules and regulations of NYMEX.

Product Changes

Change to Committed-Cross Functionality for TBA Futures and Inter-Commodity Spreads - This Week

Effective this  Sunday, June 9 (trade date Monday, June 10), and pending all relevant regulatory review periods, the Committed-Cross (C-Cross) Better Price or Volume Match (BPVM) allocation for TBA futures and ICS spreads on CME Globex will be amended to 40% for the following products:

CHANGE TO COMMITTED-CROSS FUNCTIONALITY FOR TBA FUTURES AND ICS SPREADS
PRODUCT MDP 3.0 TAG 6937-ASSET MDP 3.0 TAG 1151 - SECURITY GROUP TAG 762 - SECURITY SUBTYPE
30-Year UMBS TBA Futures - 2.0% Coupon 20U BM _
30-Year UMBS TBA Futures - 2.5% Coupon 25U   _  
30-Year UMBS TBA Futures - 3.0% Coupon 30U   _
30-Year UMBS TBA Futures - 3.5% Coupon 35U   _
30-Year UMBS TBA Futures - 4.0% Coupon 40U   _
30-Year UMBS TBA Futures - 4.5% Coupon 45U   _
30-Year UMBS TBA Futures - 5.0% Coupon 50U   _
30-Year UMBS TBA Futures - 5.5% Coupon 55U   _
30-Year UMBS TBA Futures - 6.0% Coupon 60U   _
30-Year UMBS TBA Futures - 6.5% Coupon 65U   _
30-Year UMBS TBA Futures - 2.5% Coupon vs. 30-Year UMBS TBA Futures - 2.0% Coupon 25U RI
30-Year UMBS TBA Futures - 3.0% Coupon vs. 30-Year UMBS TBA Futures - 2.5% Coupon  30U RI
30-Year UMBS TBA Futures - 3.5% Coupon vs. 30-Year UMBS TBA Futures - 3.0% Coupon 35U RI
30-Year UMBS TBA Futures - 4.0% Coupon vs. 30-Year UMBS TBA Futures - 3.5% Coupon 40U RI
30-Year UMBS TBA Futures - 4.5% Coupon vs. 30-Year UMBS TBA Futures - 4.0% Coupon 45U RI
30-Year UMBS TBA Futures - 5.0% Coupon vs. 30-Year UMBS TBA Futures - 4.5% Coupon 50U RI
30-Year UMBS TBA Futures - 5.5% Coupon vs. 30-Year UMBS TBA Futures - 5.0% Coupon 55U RI
30-Year UMBS TBA Futures - 6.0% Coupon vs. 30-Year UMBS TBA Futures - 5.5% Coupon 60U RI
30-Year UMBS TBA Futures - 6.5% Coupon vs. 30-Year UMBS TBA Futures - 6.0% Coupon 65U RI

Currently the C-Cross BPVM allocation is configured to 0%.

These changes are currently available in New Release for customer testing.

Certification is mandatory for all customers who intend to leverage the cross functionality on CME Globex.

Resting Order Elimination: Change to Committed-Cross Functionality and FIX Tag for TBA Treasury Inter-Commodity Spreads - This Week

Effective this  Sunday, June 9 (trade date Monday, June 10), and pending all relevant regulatory review periods, the Committed-Cross (C-Cross) Better Price or Volume Match (BPVM) allocation will be amended to 40% and the values in the following FIX tags will be changed for TBA-Treasury Spreads on CME Globex:

  • tag 55-Symbol for iLink
  • tag 1151-SecurityGroup for MDP 3.0

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, June 7. After 16:00 CT on  Friday, June 7, all remaining GT orders for these spreads will be canceled or deleted by the CME Global Command Center (GCC)

Change to Committed-Cross Functionality and FIX Tag for TBA Treasury Inter-Commodity Spreads
Product MDP 3.0 Tag 6937-Asset Current MDP 3.0 Tag 1151 - Security Group New  MDP 3.0 Tag 1151 - Security Group
30-Year UMBS TBA - 2.0% Coupon vs. 10-Year T-Note UPN IV
ER
30-Year UMBS TBA - 2.5% Coupon vs. 10-Year T-Note UQN
30-Year UMBS TBA - 3.0% Coupon vs. 10-Year T-Note URN
30-Year UMBS TBA - 3.5% Coupon vs. 10-Year T-Note UTN
30-Year UMBS TBA - 4.0% Coupon vs. 10-Year T-Note UUN
30-Year UMBS TBA - 4.5% Coupon vs. 10-Year T-Note NTU
30-Year UMBS TBA - 5.0% Coupon vs. 10-Year T-Note THN
30-Year UMBS TBA - 5.5% Coupon vs. 10-Year T-Note UVN
30-Year UMBS TBA - 6.0% Coupon vs. 10-Year T-Note UWN
30-Year UMBS TBA - 6.5% Coupon vs. 10-Year T-Note UYN

Currently the C-Cross BPVM allocation is configured to 0%.

These changes are currently available in New Release for customer testing.

Certification is mandatory for all customers who intend to leverage the cross functionality on CME Globex.


Listing Cycle Modification for Commodity Index Futures and Swaps - June 16

Effective Sunday, June 16 (trade date Monday, June 17), the listing cycle for the following Commodity Index futures and swaps will be modified on CME Globex.

LISTING CYCLE MODIFICATION FOR COMMODITY INDEX FUTURES AND SWAPS
PRODUCT MDP 3.0: TAG 6937-ASSET MDP 3.0 TAG 1151 - SECURITY GROUP TAG 762-SecuritySubType CURRENT LISTING SCHEDULE NEW LISTING SCHEDULE (AS OF SELECT EFFECTIVE DATE)
Bloomberg Commodity Index Futures AW AW SP (Standard Calendar) 4 quarterlies plus 4 months of Dec. 4 quarterly months and 1 additional December contract month December 2026, December 2027 and December 2028 contract months were removed on Sunday, May 19th.
BTIC on Bloomberg Commodity Index Futures AWT B7 _
S&P GSCI ER Index Swaps  SES M3 _ 4 months 4 quarterly months and 1 additional December contract month Previously Listed Monthly Contracts will remain available for Trading and Clearing until Expiration (July 2024 and August 2024).
S&P GSCI ER Index Futures GIE GA SP (Standard Calendar)
BTIC on S&P GSCI ER Index Futures GIT GH _
Bloomberg Roll Select Commodity Index Futures DRS RS SP (Standard Calendar)
BTIC on Bloomberg Roll Select Commodity Index Futures DRT LH _

For additional information, please refer to Special Executive Report SER-9381.

These products are currently available for customer testing in New Release.   

These contracts are listed with, and subject to, the rules and regulations of CME and CBOT.

FIX Tag Changes for Certain Equity Options - June 30

Effective Sunday, June 30 (trade date Monday, July 1), the FIX tags will be changed for the products listed below.

Fix Tag Changes for Certain Equity Options
Product MDP 3.0: tag 6937-Asset Current
MDP 3.0 tag 1151 - Security Group
New
MDP 3.0 tag 1151 - Security Group
Options on E-mini Dow Jones Industrial Average Index Futures - End-of-Month (European-Style) EYM OL C9
Weekly Options on E-mini Dow Jones Industrial Average Index Futures - Week 1-4 (European-Style) YM1-YM4
Options on E-mini Nasdaq-100 Index Futures NQ QZ NW
Tuesday Weekly Options on E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style) Q1B-Q5B
Thursday Weekly Options on E-mini Nasdaq-100 Index Futures - Week 1-5 (European-Style) Q1D-Q5D

Please Note: UDS Groups will not be affected by this change.

These options are currently available for customer testing in New Release.

These contracts are listed with, and subject to, the rules and regulations of CBOT and CME.

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 Notetag 202-Strike Price on the MDP 3.0 Security Definition (tag 35-MsgType=d) message will not change.

These changes are currently available for customer testing in New Release.

These contracts are listed with, and subject to, the rules and regulations of CME.

NewChange to Price Bands and Non-Reviewable Range for Cryptocurrency Futures - July 14

Effective Sunday, July 14 (trade date Monday, July 15), the Price Bands and Non-Reviewable Ranges for CME Cryptocurrency Futures will be changed as follows:

Change to Price Bands and Non-Reviewable Range for Cryptocurrency Futures
Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
MDP 3.0 tag 1151 - Security Group
Current
Non-Reviewable Range
New
Non-Reviewable Range
Bitcoin Futures BTC BF 1% 400 Index Points
BTIC on Bitcoin futures against London Close (Bitcoin Reference Rate - BRR) BTB BX 50% of Underlying NRR 100 Index Points
BTIC on Bitcoin futures against New York Close (Bitcoin Reference Rate New York - BRRNY) BNB BI 50% of Underlying NRR 100 Index Points
BTIC on Bitcoin futures against APAC Close (Bitcoin Reference Rate APAC – BRRAP) ABB HB 50% of Underlying NRR 100 Index Points
Bitcoin Euro Futures BTE GB 1% 400 Index Points
Micro Bitcoin Euro Futures EBM GB 1% 400 Index Points
Micro Bitcoin Futures MBT BF 1% 400 Index Points
BTIC on Micro Bitcoin futures against London Close (Bitcoin Reference Rate - BRR) MIB BX 50% of Underlying NRR 100 Index Points
BTIC on Micro Bitcoin futures against New York Close (Bitcoin Reference Rate New York - BRRNY) MYB BI 50% of Underlying NRR 100 Index Points
BTIC on Micro Bitcoin futures against APAC Close (Bitcoin Reference Rate APAC - BRRAP) AMB HB 50% of Underlying NRR 100 Index Points
Ether/Bitcoin Ratio Futures EBR E3 200 Index Points 400 Index Points
Ether Futures ETH EZ 3% 40.00 Index Points
BTIC on Ether futures against London Close (Ether-Dollar Reference Rate - ETHUSD_RR) ETB RJ 50% of Underlying NRR 10.00 Index Points
BTIC on Ether futures against New York Close (Ether-Dollar Reference Rate New York - ETHUSD_NY) ENB RJ 50% of Underlying NRR 10.00 Index Points
BTIC on Ether futures against APAC Close (Ether-Dollar Reference Rate APAC - ETHUSD_AP) ATB EC 50% of Underlying NRR 10.00 Index Points
Ether Euro Futures ETE OE 3% 40.00 Index Points
Micro Ether Euro Futures EEM OE 3% 40.00 Index Points
Micro Ether Futures MET EZ 3% 40.00 Index Points
BTIC on Micro Ether futures against London Close (Ether-Dollar Reference Rate - ETHUSD_RR) EMB RJ 50% of Underlying NRR 10.00 Index Points
BTIC on Micro Ether futures against New York Close (Ether-Dollar Reference Rate New York - ETHUSD_NY) EYB RN 50% of Underlying NRR 10.00 Index Points
BTIC on Micro Ether futures against APAC Close (Ether-Dollar Reference Rate APAC - ETHUSD_AP) AHB EC 50% of Underlying NRR 10.00 Index Points

The risk parameter settings for these and all CME Globex products are defined in the CME Globex Product Reference.

These futures will be available for customer testing in New Release on Monday, July 1.

These contracts are listed with, and subject to, the rules and regulations of CME.

Listing Cycle Change for Crude Oil Weekly Options - July 21

Effective Sunday, July 21 (trade date Monday, July 22), the listing cycle for the following Crude Oil Weekly options will be amended on CME Globex.

Additionally, the holiday exception is removed from the termination of trading rule, so trading always terminates on the contract day.

LISTING CYCLE CHANGE FOR CRUDE OIL WEEKLY 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
CURRENT LISTING SCHEDULE NEW LISTING SCHEDULE
Crude Oil Monday Weekly Option ML1-ML5 LO 1N Weekly contracts listed for 4 consecutive weeks. Weekly contracts listed for 4 consecutive weeks.
No weekly contract listed if it would expire on a non-business day  
Crude Oil Wednesday Weekly Option WL1-WL5 LO 1N
Crude Oil Friday Weekly Option LO1-LO5 LO 1N

These options will be available for customer testing in New Release on Monday, July 1.

These contracts are listed with, and subject to, the rules and regulations of NYMEX.

Listing Cycle Expansion for Henry Hub Natural Gas Look-Alike Last Day Financial European Seasonal Strips - July 28

Effective Sunday, July 28 (trade date Monday, July 29), the listing cycle for the following Henry Hub Natural Gas Look-Alike Last Day Financial European Seasonal strips will be expanded on CME Globex.

Listing Cycle Expansion for Henry Hub Natural Gas Look-Alike Last Day Financial European Seasonal Strips
PRODUCT MDP 3.0: TAG 6937-ASSET ILINK: TAG 55-SYMBOL
MDP 3.0 TAG 1151 - SECURITY GROUP
Current Listing Schedule New Listing Schedule
Henry Hub Natural Gas Look-Alike Last Day Financial Futures HH NG 4 years Current year and the next 12 years

These products will be available for customer testing in New Release on Monday, July 15.

These contracts are listed with, and subject to, the rules and regulations of NYMEX.

NewChange to Minimum Price Increment for Scandinavian FX Futures: Resting Order Elimination - July 28

Effective Sunday, July 28 (trade date Monday, July 29), the minimum price increment tag 969-MinPriceIncrement will be changed for the below products:

 

To facilitate the change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders after the close on Friday, July 26. After 16:00 CT on Friday, July 26 all GT orders for this future will be cancelled or deleted by the CME Global Command Center (GCC).

Scandinavian FX 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 Current
Decimal Conversion Factor
New Decimal Conversion Factor
Norwegian Krone/U.S. Dollar (NOK/USD) Futures

 

NOK

 

NO

 

1

 

25

 

5

 

6

 

Swedish Krona/U.S. Dollar (SEK/USD) Futures

 

SEK

 

SE

 

1

 

25

 

5

 

6

 

Euro/Norwegian Krone (EUR/NOK) Futures

 

ENK

 

FM

 

5

 

25

 

4

 

4

 

Euro/Swedish Krona (EUR/SEK) Futures

 

ESK

 

FS

 

5

 

25

 

4

 

4

 

This change will impact trades for outright futures only. Spreads remain the same.

These futures will be 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

NewRevised CME Globex Messaging Efficiency Program and Resources - October 1

Effective trade date Tuesday, October 1, CME Group will revise the CME Globex Messaging Efficiency Program (Program) to more effectively target messaging that can negatively impact system performance, impair efficient access to the market, and create unnecessary infrastructure and processing costs for market participants.

The existing Program will remain in effect through Monday, September 30, and will be retired when the revised Program is implemented on Tuesday, October 1.

The following changes will be made under the revised Program:

  • Message scoring will be calculated and applied for the entire CME Globex trading session versus the current hours between 7:00 a.m. – 3:15 p.m. Central Time (CT)
  • Previously excluded instruments and back months will be included and scored at a reduced weighting

To account for these changes, messaging tiers will be expanded.

To assist potentially impacted firms on a T+1 basis following the conclusion of trade date July 1, CME Group will notify assigned messaging contacts of any instances where product group benchmarks have been exceeded using the revised Program scoring methodology.

For more information, view CME Globex Messaging Efficiency Program Resources such as:

  • Current Program and Benchmarks
  • Upcoming Program and Benchmarks
  • CME Globex Messaging Efficiency Program Holiday Calendar
  • CME Globex Messaging Policy

For questions, contact the Global Command Center (GCC) at 1 800 438 8616 or Global Account Management.

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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