For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.
Additional Resources:
- EBS Market on CME Globex Notices provide the latest information on changes to EBS Market and eFix Market and are available at 2 a.m. CT Thursdays.
- BrokerTec Markets on CME Globex Update provide the latest information BrokerTec markets and and are available bi-weekly at 9 a.m. CT Thursdays.
Critical Updates
CME Globex on Google Cloud
Technical content is now available for the planned Globex migration to Google Cloud, including:
Dual Zones Overview, including zone swap and maintenance information
CME Group and Google Cloud recently announced a new private Google Cloud Chicago region and co-location facility for CME Group listed derivative markets.
Additional information will be published regularly and announced via the CME Globex Notices.
Position Reporting Under CFTC Part 17
On April 30, 2024, the Commodity Futures Trading Commission ("CFTC") approved final rules to amend its Large Trading Reporting Regulations for Futures and Options. The amendments were made to modernize CFTC's Large Trader Reporting process and align it with other reporting structures outlined in CFTC regulations. CFTC's final rules remove the 80-character submission standard, replacing it with a FIXML standard. The required FIXML position message includes a large set of instrument characteristics as well as unique contract identifiers, Unique Contract Identifiers must be provided to Reporting Firms by the exchange where the positions are held.
CME, CBOT, NYMEX, and COMEX (each an "Exchange" and together the "Exchanges") will be providing Reporting Firms files containing Unique Instrument Codes in compliance with Large Trader Reporting requirements. The Exchanges are offering two methods to download this instrument information, as described in the CME Group Client Systems Wiki.
The Market Regulation Department will be publishing further guidance regarding Large Trader Reporting in subsequent Special Executive Reports as solutions become available.
CFTC's final rules became effective upon publication in the Federal Register on June 3, 2024. Reporting Firms must comply with the CFTC's final rules regarding Large Trader Reporting Requirements two years after publication in the Federal Register.
iLink 3 CGW Migration - Updated Timeline
In response to client feedback, CME Group is extending the deadline for iLink 3 CGW migration to Saturday, March 1, 2025.
All customers using the Convenience Gateways (CGW) for order entry must complete their migration to iLink 3 by Saturday, March 1, 2025, including functional certification and session migration as outlined in the client impact assessment.
Starting Sunday, March 2, 2025, a charge of $1,000 USD per iLink 2 session per week will be applied to each session that has not yet migrated to iLink 3. For new iLink 3 CGW sessions, Port Activation Charges (PAC) will be applied, but Monthly Inactivity Charges (MIC) will be waived automatically from creation through the end of December 2024. Effective Sunday, April 6, 2025, iLink 2 on CGW will be decommissioned and only iLink 3 CGW sessions will be supported.
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 Help
Please contact Market Regulation Audit Trail Team if you have any questions.
MDP 3.0 SBE Schema Update - January 12, 2025
To support future enhancements for futures and options markets, including CME FX Spot+, on CME Globex MDP 3.0 and CME Smart Stream on GCP SBE, the update to Globex MDP SBE core schema version 13 has began and will conclude Sunday, January 12, 2025 (trade date Monday, January 13, 2025).
Futures and options channels on CME Globex are currently utilizing core schema version 9. To ease customer development efforts, the new SBE schema files will support template extension for MDP 3.0 messages.
For client systems that do not support template extension, the schema update is not backward compatible, and the MDP 3.0 messages sent from CME Globex cannot be decoded.
In conjunction with the core schema futures and options update, the futures and options markets will leverage a new separate schema dedicated to TCP recovery for UDP.
- This change will include updated TCP Recovery connectivity details.
- Configuration files with the current and new connectivity details will be accessible via the FTP and SFTP sites until the decommission dates.
- See the available FTP schema and config file locations for TCP Recovery SBE Schema for UDP.
Please review the client impact assessment for full technical details and launch schedule.
CME FX Link Messaging Changes - March 2025
Effective March 2025, with the CME FX Spot+ launch, CME FX Link clients will have the following iLink and MDP 3.0 messaging considerations.
- Changes to group code (MDP 3.0 tag 1151-SecurityGroup) for the tradable OTC FX Spot legs Instruments.
| Changes to Group Code for OTC FX Spot Leg Instruments | ||
|---|---|---|
| Currency Pair | Current MDP 3.0 tag 1151- Security Group | New MDP 3.0 tag 1151- Security Group |
| CME FX Spot Leg (tradable) | ||
| AUD/USD | 01 | 5A |
| EUR/USD | 01 | 5E |
| GBP/USD | 01 | 5B |
| NZD/USD | 10 | 5N |
| USD/CAD | 01 | 5C |
| USD/CHF | 01 | 5S |
| USD/JPY | 01 | 5J |
| USD/MXN | 01 | 5M |
| CME FX Spot Leg (non-tradable) | ||
| USD/ZAR | 01 | No change |
| USD/CNH | 01 | No change |
- All OTC FX Spot legs will move from MDP 3.0 Channel 314 to 330. The new MDP channel 330 will utilize the schema version 13. The FX Link spread and the futures legs of FX Link will remain on channel 314.
- MDP 3.0 Security Definition (tag 35-MsgType=d) for all OTC FX Spot legs will reflect notional terms for all quantity fields.
- Changes in the Minimum Price Increment, Price Precision and Display Factor for the OTC FX Spot leg traded as part of the CME FX Link spread. Please refer to the product attributes for more information on these changes.
- The update to all OTC FX Spot legs electronic volume will be disseminated on the new MDP 3.0 channel 330.
- A new tag 1795-NoOrderEvents repeating group will be added to the iLink Execution Report Trade Spread Leg message for all OTC Spot FX legs instruments.
- iLink 3 quantity fields (e.g. tag 32-LastQty) in the iLink Execution Report Trade Spread Leg for all OTC Spot FX legs instruments will contain notional quantity instead of lot size.
Additional information on CME FX Spot+ is available in the client impact assessment.
These changes are now available for customer testing in New Release.
CME FX Spot+ - March 2025
Effective March 2025, CME Group will launch CME FX Spot Plus (CME FX Spot+), a new tradable spot FX instrument, leveraging CME FX Link liquidity to bring together OTC spot FX and FX futures.
CME FX Spot+ will enable spot FX market participants to tap into CME FX futures liquidity through an open, transparent central limit order book while giving FX futures users broader access to OTC liquidity. This unique liquidity connection will be made possible by implied matching through CME FX Link, a liquid, tradable spread between OTC spot FX and FX futures.
The FX Spot+ products will be available for the following currency pairs: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CAD, USD/CHF, and USD/MXN.
All of the CME FX Spot+ products are currently available in the New Release environment for customer testing.
MDP 3.0. certification is required to trade the CME FX Spot+. The new AutoCert+ supplemental test suite is currently available for customer certification.
More information on these new products and the associated messaging and functionality enhancements is available in the CME FX Spot+ client impact assessment. A new CME FX Spot+ Credit Overview is also available with credit features and details for both FX Link and CME FX Spot+.
The Straight Through Processing (STP) client impact assessment for CME FX Link and FX Spot+ is available.
CME FX Spot+ Specification Update
The CME FX Spot+ client impact assessment has been updated to reflect the following updates:
- Updated the Implied Book Depth to 3-deep for CME FX Spot+ Implied Book publication. This change will be available for customer testing in New Release in February 2025.
- Updated trading schedules for the New Zealand Dollar/US Dollar (NZD/USD)
Decommission of MGEX Markets on CME Globex - June 29, 2025
Effective Sunday, June 29, 2025 (trade date Monday, June 30, 2025), order routing and market data for Minneapolis Grain Exchange (MGEX) products, which includes Hard Red Spring Wheat, will no longer be available via CME Globex. Existing order routing customers to MGEX markets and customers wishing to pursue market access to MGEX should contact futures@miaxglobal.com.
For CME Group specific questions, contact Global Account Management.
Product Launches
OB30C Mortgage Rate Futures and Spreads - January 13, 2025
Effective Sunday, January 12, 2025 (trade date Monday, January 13, 2025), pending completion of all regulatory review periods, Mortgage Rate (OB30C) futures and spreads will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| 30-Year Mortgage Rate Futures and Spreads | ||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
Tag 762- SecuritySubType |
MARKET DATA CHANNEL MDP 3.0 TAG 1180 - APPLID |
| Mortgage Rate (OB30C) Futures | MGE | MR | RT (Reduced Tick) IV (Implied Intercommodity) |
344 |
These futures and spreads are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
BTIC on Duration Hedged Corporate Bond Futures - January 12
Effective Sunday, January 12 (trade date Monday, January 13), pending completion of all regulatory review periods, BTIC on Duration Hedged Corporate Bond futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| BTIC on Duration Hedged Corporate Bond 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 |
| BTIC on Bloomberg Duration-Hedged Credit Futures | DHBT | CG | 344 |
These futures are currently available for customer testing in New Release for CME Globex. The New Release availability for CME ClearPort has been postponed and will be announced in future CME Globex notices.
These contracts are listed with, and subject to, the rules and regulations of CBOT.
1-Ounce Gold Futures - January 12, 2025
Effective Sunday, January 12, 2025 (trade date Monday, January 13, 2025), pending completion of all regulatory review periods, 1-Ounce Gold Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
1-Ounce Gold Futures |
||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
Tag 762- SecuritySubType |
MARKET DATA CHANNEL MDP 3.0 TAG 1180 - APPLID |
| 1-Ounce Gold Futures | 1OZ | GC | SP - Standard Calendar Spread | 360 |
These futures are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of COMEX.
NewNY Harbor ULSD and RBOB Gasoline Financial Calendar Spread Options - January 26, 2025
Effective Sunday, January 26, 2025 (trade date Monday, January 27, 2025), pending completion of all regulatory review periods, NY Harbor ULSD and RBOB Gasoline Financial Calendar Spread Options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
NY Harbor ULSD and RBOB Gasoline Financial Calendar Spread 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 MDP 3.0 TAG 1180 - APPLID |
| NY Harbor ULSD Financial Calendar Spread Option (One Month) | FAF | ON | 1T | 383 |
| RBOB Gasoline Financial Calendar Spread Option (One Month) | ZAF | OB | 1B | 383 |
These options will be available for customer testing in New Release on January 13, 2025.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
NewBTICs on Bitcoin Friday Futures Against BRR and BRRAP - January 26, 2025
Effective Sunday, January 26, 2025 (trade date Monday, January 27, 2025), pending completion of all regulatory review periods, BTICs on Bitcoin Friday Futures against BRR and BRRAP will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| BTICs on Bitcoin Friday Futures Against BRR and BRRAP | ||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
MARKET DATA CHANNEL MDP 3.0 TAG 1180 - APPLID |
|
| BTIC on Bitcoin Friday futures against CME CF Bitcoin Reference Rate (BRR Index) | BLB | BX | 326 | |
| Marker for BTIC on Bitcoin Friday Futures against CME CF Bitcoin Reference Rate (BRR Index) - (Non-Tradable) | BLM | N/A | N/A | |
| BTIC on Bitcoin Friday Futures against CME CF Bitcoin Reference Rate APAC Variant (BRRAP Index) | BAB | HB | 326 | |
| Marker for BTIC on Bitcoin Friday Futures against CME CF Bitcoin Reference APAC Variant (BRRAP Index) - (Non-Tradable) | BAM | N/A | N/A | |
These BTIC on Bitcoin Friday futures will be available for customer testing in New Release on Monday, January 13, 2025.
These contracts are listed with, and subject to, the rules and regulations of CME.
EUR/USD Cross-Currency Basis Futures - February 2, 2025
Effective Sunday, February 2, 2025 (trade date Monday, February 3, 2025), pending completion of all regulatory review periods, EUR/USD Cross-Currency Basis futures and spreads will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| EUR/USD Cross-Currency Basis Futures | ||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP |
Tag 762- SecuritySubType |
MARKET DATA CHANNEL MDP 3.0 TAG 1180 - APPLID |
| EUR/USD Cross Currency Basis Futures | XEU | ZE | SP (Standard Calendar Spread) | 312 |
These futures will be available for customer testing in New Release on Sunday, January 12, 2025.
These contracts are listed with, and subject to, the rules and regulations of CME.
Product Changes
Delisting and Removal of CBL Core Global Emissions Offset (C-GEO) Futures - This Week
This Monday, December 30, the following CBL Core Global Emissions Offset (C-GEO) futures will be delisted, and effective close of business Friday, January 3, these futures will be removed from CME Globex.
| Delisting and Removal of CBL Core Global Emissions Offset (C-GEO) Futures | ||
|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
| CBL Core Global Emissions Offset (C-GEO) Futures | CGO | VX |
These futures currently have no open interest.
Change to Strike Price Listing for Weekly Copper Options - January 12, 2025
Effective Sunday, January 12, 2025 (trade date Monday, January 13, 2025), the strike price listing rule will be changed for Weekly Copper Options as follows.
| Change to Strike Price Listing for Weekly Copper Options | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current | New |
| Copper Weekly Monday Option | H1M, H2M, H3M, H4M, H5M | 1U |
Minimum 20 strikes above and below the at-the-money strike at $0.05 per pound increment plus dynamic strikes above and below the highest and lowest pre-listed strikes at $0.05 per pound increment. |
Minimum 30 strikes above and below the at-the-money strike at $0.01 per pound increment then 14 strikes above and below the highest and lowest $0.01 increment strikes at $0.05 per pound increment plus dynamic strikes at $0.01 per pound increment. |
| Copper Weekly Tuesday Option | H1T, H2T, H3T, H4T, H5T | |||
| Copper Weekly Wednesday Option | H1W, H2W, H3W, H4W, H5W | |||
| Copper Weekly Thursday Option | H1R, H2R, H3R, H4R, H5R | |||
| Copper Weekly Friday Option | H1E, H2E, H3E, H4E, H5E | |||
These changes are currently available for customer testing in New Release.
These contracts are listed with, and subject to, the rules and regulations of COMEX.
Listing Cycle Expansion of Argus Eurobob Oxy Gasoline Related Futures and Average Price Options - January 26, 2025
Effective Sunday, January 26, 2025 (trade date Monday, January 27, 2025), the listing cycle for the following Argus Eurobob Oxy Gasoline related futures and Average Price Option contracts will be expanded on CME Globex.
| Argus Eurobob Oxy Gasoline related futures and Averaghe Price Options | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current Listing Schedule | New Listing Schedule |
| Argus Gasoline Eurobob Oxy Barges NWE Crack Spread (1000mt) Futures | EOB | RF | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Gasoline Euro-bob Oxy NWE Barges (Argus) Crack Spread Average Price Option | GCE | EP | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| RBOB Gasoline vs. Euro-bob Oxy NWE Barges (Argus) (1000mt) Average Price Option | RGE | EF | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Gasoline Euro-bob Oxy NWE Barges (Argus) Futures | B7H | PT | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Gasoline Euro-bob Oxy NWE Barges (Argus) Crack Spread Futures | T7K | PT | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Gasoline Eurobob Non-Oxy NWE Barges (Argus) vs Gasoline Eurobob Oxy NWE Barges (Argus) Futures | GES | CP | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| RBOB Gasoline vs. Euro-bob Oxy NWE Barges (Argus) (350,000 gallons) Futures | EXR | RF | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Mini Argus Gasoline Eurobob Oxy Barges NWE Crack Spread (100mt) Futures | MAC | RF | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Mini Gasoline Euro-bob Oxy NWE Barges (Argus) Futures | MEO | RF | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| RBOB Gasoline vs. Euro-bob Oxy NWE Barges (Argus) Futures | XER | CP | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| East-West Gasoline Spread (Platts-Argus) Futures | EWG | CP | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Gasoline Euro-bob Oxy NWE Barges (Argus) vs European Naphtha CIF NWE (Platts) Futures | EGN | CP | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Gasoline Euro-bob Oxy NWE Barges (Argus) Average Price Option | 7HO | EP | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
| Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) Futures | MXB | PT | Contract months up to and including December 2025 | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year |
These changes will be available for customer testing in New Release on Sunday, January 12, 2025.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
NewChange to Strike Price Listing for E-mini S&P Options - January 26, 2025
Effective Sunday, January 26, 2025 (trade date Monday, January 27, 2025), the strike price listing rule will be changed for E-mini S&P Options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Change to Strike Price Listing for E-mini S&P Options | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current Strike Listing | New Strike Listing |
| E-mini S&P 500 Options | ES | EW | Strikes listed for 40% above the at-the-money strike and 80% below the at-the-money strike at 100 index point increment plus dynamic strikes at 5 index point increment. When less than 750 days remain until expiration (DTE), additional strikes listed for 15% above the at-the-money strike and 30% below the at-the-money strike at 50 index point increment. When less than 96 days remain until expiration (DTE), additional strikes listed for 10% above the at-the-money strike and 20% below the at-the-money strike at 25 index point increment plus persistent 100 and 2100 index point increment strikes. When less than 66 days remain until expiration (DTE), additional strikes listed for 7% above the at-the-money strike and 14% below the at-the-money strike at 10 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 5 index point increment. | Strikes listed for 40% above the at-the-money strike and 80% below the at-the-money strike at 200 index point increment. Dynamic strikes at 5 index point increments. Strikes listed for 20% above the at-the-money strike and 40% below the at-the-money strike at 100 index point increment. When less than 750 days remain until expiration (DTE), additional strikes listed for 15% above the at-the-money strike and 30% below the at-the-money strike at 50 index point increment. When less than 96 days remain until expiration (DTE), additional strikes listed for 10% above the at-the-money strike and 20% below the at-the-money strike at 25 index point increment plus persistent 100 and 2100 index point increment strikes. When less than 30 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 10 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 5 index point increment. |
| E-mini S&P 500 EOM Options | EW | EW | ||
| E-mini S&P 500 Weekly Options - Week 3 | EW3 | EW | ||
| E-mini S&P 500 Monday Weekly Options - Week 1-5 | E1A-E5A | EW | Strikes listed for 15% above the at-the-money strike and 30% below the at-the-money strike at 100 index point increment. Additional strikes listed for 10% above the at-the-money strike and 15% below the at-the-money strike at 50 index point increment and 5% above the at-the-money strike and 10% below the at-the-money strike at 25 index point increment plus persistent 100 and 2100 index point increment strikes and dynamic strikes at 5 index point increment. When less than 21 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 10 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 5 index point increment. | Strikes listed for 20% above the at-the-money strike and 40% below the at-the-money strike at 100 index point increment, plus persistent strikes at 100 and 2100 index point level. Dynamic strikes at 5 index point increments. When less than 45 days remain until expiration (DTE), additional strikes listed for 10% above the at-the-money strike and 20% below the at-the-money strike at 50 index point increment. When less than 45 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 25 index point increment. When less than 30 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 10 index point increment. When less than 21 days remain until expiration (DTE), additional strikes listed for 30% below the at-the-money strike at 50 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 20% below the at-the-money strike at 25 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 5 index point increment. |
| 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, 2, 4 | EW1, EW2. EW4 | EW | ||
| Options on Micro E-mini S&P 500 Stock Price Index Futures | MES | EO | Strikes listed for 40% above the at-the-money strike and 80% below the at-the-money strike at 100 index point increment plus dynamic strikes at 5 index point increment. When less than 750 days remain until expiration (DTE), additional strikes listed for 15% above the at-the-money strike and 30% below the at-the-money strike at 50 index point increment. When less than 96 days remain until expiration (DTE), additional strikes listed for 10% above the at-the-money strike and 20% below the at-the-money strike at 25 index point increment plus persistent 100 and 2100 index point increment strikes. When less than 66 days remain until expiration (DTE), additional strikes listed for 7% above the at-the-money strike and 14% below the at-the-money strike at 10 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 5 index point increment. | Strikes listed for 40% above the at-the-money strike and 80% below the at-the-money strike at 200 index point increment. Dynamic strikes at 5 index point increments. Strikes listed for 20% above the at-the-money strike and 40% below the at-the-money strike at 100 index point increment. When less than 750 days remain until expiration (DTE), additional strikes listed for 15% above the at-the-money strike and 30% below the at-the-money strike at 50 index point increment. When less than 96 days remain until expiration (DTE), additional strikes listed for 10% above the at-the-money strike and 20% below the at-the-money strike at 25 index point increment plus persistent 100 and 2100 index point increment strikes. When less than 30 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 10 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 5 index point increment. |
| Micro E-mini S&P 500 Stock Price EOM Options | EX | EO | ||
| Weekly Options on Micro E-mini S&P 500 Stock Price Index Futures - Week 3 | EX3 | EO | ||
| Monday Weekly Options on Micro E-mini S&P 500 Index Futures - Week 1-5 (European-Style) | X1A-X5A | EO | Strikes listed for 15% above the at-the-money strike and 30% below the at-the-money strike at 100 index point increment. Additional strikes listed for 10% above the at-the-money strike and 15% below the at-the-money strike at 50 index point increment and 5% above the at-the-money strike and 10% below the at-the-money strike at 25 index point increment plus persistent 100 and 2100 index point increment strikes and dynamic strikes at 5 index point increment. When less than 21 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 10 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 5 index point increment. | Strikes listed for 20% above the at-the-money strike and 40% below the at-the-money strike at 100 index point increment, plus persistent strikes at 100 and 2100 index point level. Dynamic strikes at 5 index point increments. When less than 45 days remain until expiration (DTE), additional strikes listed for 10% above the at-the-money strike and 20% below the at-the-money strike at 50 index point increment. When less than 45 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 25 index point increment. When less than 30 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 10 index point increment. When less than 21 days remain until expiration (DTE), additional strikes listed for 30% below the at-the-money strike at 50 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 20% below the at-the-money strike at 25 index point increment. When less than 10 days remain until expiration (DTE), additional strikes listed for 5% above the at-the-money strike and 10% below the at-the-money strike at 5 index point increment. |
| 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 S&P 500 Stock Price Index Futures - Week 1, 2, 4 | EX1, EX2, EX4 | EO | ||
These options will be available for customer testing in New Release on Sunday, January 12, 2025.
These contracts are listed with, and subject to, the rules and regulations of CME.
Change to Strike Price Listing for Bitcoin and Micro Bitcoin Monthly and Weekly Options - January 26, 2025
Effective Sunday, January 26, 2025 (trade date Monday January 27, 2025), the strike price listing rule will be changed for Bitcoin and Micro Bitcoin Monthly and Weekly options and will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Change to Strike Price Listing for Bitcoin and Micro Bitcoin Monthly and Weekly Options | ||||
|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current Strike Price Listing | New Strike Price Listing |
| Monthly Options on Bitcoin Futures & Weekly Options on Bitcoin Futures | BTC, P1A-P5A, P1B-P5B, P1C-P5C, P1D-P5D, P1E-P5E | B2 | Prelisted strikes at $100,000, $50,000, $10,000, $5,000 and $1,000 bitcoin increment. Strikes listed for 300% above the at-the-money strike and 100% below the at-the-money strike at: • $100,000 bitcoin increment for underlying settlement above $500,000 • $50,000 bitcoin increment for underlying settlement at or below $500,000 • $10,000 bitcoin increment for underlying settlement at or below $100,000 • $5,000 bitcoin increment for underlying settlement at or below $50,000 • $1,000 bitcoin increment for underlying settlement at or below $10,000 • $500 bitcoin increment for underlying settlement at or below $5,000 When less than 210 days remain until expiration (DTE), additional strikes listed for 75% above the at-the-money strike and 25% below the at-the-money strike at: • $10,000 bitcoin increment for underlying settlement above $500,000 • $5,000 bitcoin increment for underlying settlement at or below $500,000 • $1,000 bitcoin increment for underlying settlement at or below $100,000 • $100 bitcoin increment for underlying settlement at or below $10,000 • $50 bitcoin increment for underlying settlement at or below $5,000 When less than 21 days remain until expiration (DTE), additional strikes listed for 15% above the at-the-money strike and 5% below the at-the-money strike at: • $5,000 bitcoin increment for underlying settlement above $500,000 • $2,500 bitcoin increment for underlying settlement at or below $500,000 • $500 bitcoin increment for underlying settlement at or below $100,000 • $250 bitcoin increment for underlying settlement at or below $50,000 • $50 bitcoin increment for underlying settlement at or below $10,000 |
Prelisted strikes at $100,000, $50,000, $10,000, $5,000 and $1,000 bitcoin increment. Strikes listed for 300% above the at-the-money strike and 100% below the at-the-money strike at: • $100,000 bitcoin increment for underlying settlement above $500,000 • $50,000 bitcoin increment for underlying settlement at or below $500,000 • $10,000 bitcoin increment for underlying settlement at or below $100,000 • $5,000 bitcoin increment for underlying settlement at or below $50,000 • $1,000 bitcoin increment for underlying settlement at or below $10,000< • $500 bitcoin increment for underlying settlement at or below $5,000 When less than 210 days remain until expiration (DTE), additional strikes listed for 75% above the at-the-money strike and 25% below the at-the-money strike at: • $10,000 bitcoin increment for underlying settlement above $500,000 • $5,000 bitcoin increment for underlying settlement at or below $500,000 • $1,000 bitcoin increment for underlying settlement at or below $100,000 • $100 bitcoin increment for underlying settlement at or below $10,000 • $50 bitcoin increment for underlying settlement at or below $5,000 When less than 21 days remain until expiration (DTE), additional strikes listed for 15% above the at-the-money strike and 5% below the at-the-money strike at: • $5,000 bitcoin increment for underlying settlement above $500,000 • $2,500 bitcoin increment for underlying settlement at or below $500,000 •$1000 bitcoin increment for underlying settlement at or below $100,000 • $500 bitcoin increment for underlying settlement at or below $75,000 • $250 bitcoin increment for underlying settlement at or below $50,000 • $50 bitcoin increment for underlying settlement at or below $10,000 |
| Monthly Options on Micro Bitcoin Futures & Weekly Options on Micro Bitcoin Futures | WM, W1A-W5A, W1B-W5B, W1C-W5C, W1D-W5D, W1E-W5E | B1 | ||
These options will be available for customer testing in New Release on Sunday, January 12.
These contracts are listed with, and subject to, the rules and regulations of CME.
Change to Strike Price Listing and Enable Implication for Dutch TTF Natural Gas Options - January 26, 2025
Effective Sunday, January 26, 2025 (trade date Monday, January 27, 2025), the strike price listing rule will be changed and implication for UDS will be enabled for Dutch TTF Natural Gas options and will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
| Change to Strike Price Listing and Enable Implication for Dutch TTF Natural Gas Options | ||||||
|---|---|---|---|---|---|---|
| Product | MDP 3.0: tag 6937-Asset | iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Current Implication | New Implication | Current Strike Price Listing Rule | New Strike Price Listing Rule |
| Dutch TTF Natural Gas Futures-Style Margined Financial Calendar Month Option | TTL | T3 | Off | On for UDS only | Minimum at-the-money strike plus dynamic strikes at €0.005 per MWh strike increment for the nearest 12 monthly contracts. Dynamic strikes only at €0.005 per MWh strike increment for monthly contracts 13+. |
Minimum 25 strikes above and below at-the-money strike at €1.00 per MWh strike increment then 10 strikes above and below the highest and lowest €1.00 increment strikes at €5.00 per MWh strike increment plus dynamic strikes at €0.50 per MWh for the nearest 12 monthly contracts. Dynamic strikes only at €0.50 per MWh strike increment for monthly contracts 13+. |
| Dutch TTF Natural Gas Futures-Style Margined Calendar Month Option | TFO | T3 | Off | On for UDS only | Minimum at-the-money strike plus dynamic strikes at €0.005 per MWh strike increment for the nearest 12 monthly contracts. Dynamic strikes only at €0.005 per MWh strike increment for monthly contracts 13+. |
Minimum 25 strikes above and below at-the-money strike at €1.00 per MWh strike increment then 10 strikes above and below the highest and lowest €1.00 increment strikes at €5.00 per MWh strike increment plus dynamic strikes at €0.50 per MWh for the nearest 12 monthly contracts. Dynamic strikes only at €0.50 per MWh strike increment for monthly contracts 13+. |
| Dutch TTF Natural Gas Calendar Month Option | TTO | T3 | Off | On for UDS only | Minimum at-the-money strike plus dynamic strikes at €0.005 per MWh strike increment for the nearest 12 monthly contracts. Dynamic strikes only at €0.005 per MWh strike increment for monthly contracts 13+. |
Minimum 25 strikes above and below at-the-money strike at €1.00 per MWh strike increment then 10 strikes above and below the highest and lowest €1.00 increment strikes at €5.00 per MWh strike increment plus dynamic strikes at €0.50 per MWh for the nearest 12 monthly contracts. Dynamic strikes only at €0.50 per MWh strike increment for monthly contracts 13+. |
These changes will be available for customer testing in New Release on Sunday, January 12.
These contracts are listed with, and subject to, the rules and regulations of NYMEX.
Events and Announcements
NewRefreshed Client Systems Wiki Site Launch - Now Available
On Sunday, December 22, CME Group launched a refreshed Client Systems Wiki site for technical information.
Please note that although the site navigation remains the same, browser bookmarks may need to be updated for specific topics within the site. Please update your bookmarks, if necessary, by visiting the Client Systems Wiki site.
Messaging Efficiency Program Q1 2025 Benchmarks
The Q1 2025 CME Globex futures, options on futures and mass quote options Messaging Efficiency Program Product Group Benchmarks are now available. No changes were made in the Q1 2025 Product Group Benchmarks versus the Q4 2024 Product Group Benchmarks.
Please note the Excessive Messaging Threshold (EMT) for both CME Globex firms and iLink session IDs remains in place for all futures and options on futures products which trade on CME Globex. 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.
Bullish Joins CME CF Cryptocurrency Indices - This Week
This Monday, December 30, at 0600 Coordinated Universal Time (UTC), Bullish market data will be included in the CME CF Bitcoin Reference Rates (BRR, BRRNY, BRRAP) and Real-Time Index (BRTI). The CME CF Reference Rates are used to settle CME Group Cryptocurrency futures. CF Benchmarks, the leading cryptocurrency index provider, is the Administrator for the CME CF Cryptocurrency Indices.
For more information, please visit the CME CF Cryptocurrency Indices webpage.
UpdateCME STP FIX API on Google Cloud - Postponed
† Denotes update to the article
† Previously announced availability of CME STP FIX API service on Google Cloud has been postponed. A new production date will be announced in a future article.
View the client impact assessment for additional information.
CME STP FIX API on Google Cloud will be available in New Release on Wednesday, January 8, 2025.
CME STP FIXML on Google Cloud - March 31, 2025
Effective Monday, March 31, 2025, all client systems must complete a mandatory certification of regional switch processing for CME STP FIXML on Google Cloud.
This certification is not a prerequisite for clients migrating to CME STP FIXML on Google Cloud.
View the client impact assessment for additional information.
