Critical Updates

CME Globex on Google Cloud

Technical content is now available for the planned Globex migration to Google Cloud, including:

• Key Events and Dates

• 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.

Since October 2024, CME Group has offered methods to retrieve its instrument listing containing the Unique Instrument Code (UIC) and other instrument data elements in compliance with the amended rule.

Starting March 10, 2025, CME Group began accepting test files in the new Position Message FIXML format via SFTP. For details regarding submitting the new FIXML Position Message, file management, field validations, and example scenarios, please refer to the information in 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.

CME Globex Disaster Recovery Change for iLink Market Segment Gateways (MSGW)  - August 10

Effective Sunday, August 10 (trade date Monday, August 11), CME Group will implement a change to the futures and options Order Entry Path Disaster Recovery (DR) Process for a clear and consistent experience in the DR environment across all CME Group markets.

With this change, the MSGW IDs in DR will be the same as those used in Production. Currently, for futures, options on futures markets, FX Link and FX Spot+, the MSGW IDs in DR are incremented by one from those used in Production. This change makes futures and options markets consistent with the current behavior for BrokerTec and EBS on CME Globex DR.

Additional information on the CME Globex Disaster Recovery process is available in the Client Systems Wiki.

New Market Data Multicast Group  - Q3 2025

In Q3 2025, CME Group will launch a new market data multicast group to be used for a new CME Group futures product suite in the Equity Indices and Alternative Products asset class.

The new market data multicast group channel ID, along with additional details, will be announced in future Globex notices. Please review the client impact assessment for the multicast IP and ports.

CME Smart Stream on GCP SBE and JSON Project Name Migration - October 10

On Friday, October 10, CME Smart Stream on GCP will decommission SBE and JSON project names. In preparation for the decommission, clients must migrate to the new project names outlined below.  

Name	Format	Environment	Legacy Project Name	Current Project Name
Realtime and Delayed - All Other Data	SBE	Production	cmegroup-marketdata	prj-pr-mkdata-sbe-0509
Realtime and Delayed - Cryptocurrency	SBE	Production	cmegroup-marketdata-cr	prj-pr-crypt-sbe-0432
Futures	JSON	Production	cmegroup-marketdata-js	prj-pr-mkdjsonfut-7802
Options	JSON	Production	cmegroup-marketdata-js-opt	prj-pr-mkdjsonopt-3263
Crypto (Futures)	JSON	Production	cmegroup-marketdata-js	prj-pr-crypt-js-f-2281
Crypto (Options)	JSON	Production	cmegroup-marketdata-js-opt	prj-pr-crypt-js-o-6572

Product Launches

LTH/LTC Inter-Commodity Strip Spreads - July 13

Effective Sunday, July 13 (trade date Monday, July 14), LTH/LTC Inter-Commodity strip spread futures will be listed on CME Globex.

LTH/LTC Inter-Commodity Strip 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
LTH/LTC Inter-Commodity Strip Spreads	LTH-LTC	LI	XS - Inter-Commodity Strip	360

These spreads will be available for customer testing in New Release this Sunday, June 29. 

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

FTSE CoreCommodity (CRB) Index Futures - July 20

Effective Sunday, July 20 (trade date Monday, July 21), pending completion of all regulatory review periods, FTSE CoreCommodity (CRB) Index futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

FTSE CoreCommodity (CRB) Index Futures
Product	MDP 3.0: Tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 Tag 1151 - Security Group	Included Spreads and Combos	Market Data Channel MDP 3.0 Tag 1180 - APPLID	Settlements & Valuations Tag 37500 - Clearing Product Code	Market Data Settlements & Valuations Channel
FTSE CoreCommodity CRB® Index Futures	CCI	FW	SP - Standard Calendar Spread	316	-	-
BTIC on FTSE CoreCommodity CRB® Index Futures	CCT	FX		316	-	-
FTSE CoreCommodity CRB Index Futures Marker (non-tradeable	-	-	-	-	CCX	251

The corresponding fixing prices and markers are sent on CME Data Insights - Settlements & Valuations channels via MDP 3.0 Market Data Incremental Refresh (tag 35-MsgType=X) message types with the following attributes:

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

These products will be available for customer testing in New Release on Sunday, July 13.

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

Cross Rate FX Options  - July 20

Effective Sunday, July 20 (trade date Monday, July 21), pending completion of all regulatory review periods, Cross Rate FX options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Cross Rate FX Options
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151-SECURITY GROUP (OUTRIGHTS)	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151-SECURITY GROUP (UDS)	MARKET DATA CHANNEL
Options on Euro/Australian Dollar (EUR/AUD) Cross Rate Futures	EAD	2A	2D	321
Options on Euro/Canadian Dollar (EUR/CAD) Cross Rate Futures	ECD	2F	2G2
Options on Australian Dollar/ New Zealand Dollar (AUD/NZD) Cross Rate Futures	ANE	2H	2I (eye)
Options on Australian Dollar/ Japanese Yen (AUD/JPY) Cross Rate Futures	AJY	2K	2L

These options will be available for customer testing in New Release on Sunday, July 13.

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

10-Ton Urea U.S. Gulf Futures vs Urea (Granular) FOB U.S. Gulf Futures ICS Spreads - July 20

Effective Sunday, July 20 (trade date Monday, July 21), 10-Ton Urea U.S. Gulf Futures vs Urea (Granular) FOB U.S. Gulf Futures ICS spreads will be available for trading on CME Globex. To facilitate this spread launch, implication will be enabled for UFV Urea (Granular) FOB U.S. Gulf Futures.

10-Ton Urea U.S. Gulf Futures vs Urea (Granular) FOB U.S. Gulf Futures ICS 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
10-Ton Urea US Gulf Futures vs Urea (Granular) FOB US Gulf Futures ICS	MFV-UFV	UA	AE - Fixed Price Ratio Inter-Commodity	340

These spreads will be available for customer testing in New Release on Sunday, July 13.

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

Product Changes

NewDelisting of Quarterly SONIA Futures Contract Months  - This Week

On Monday, June 30 Quarterly SONIA Futures contract months beyond December 2025 were delisted and no additional contract months will be listed.

Delist Quarterly SONIA Futures Contract Months
PRODUCT	MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	CURRENT LISTING RULE	NEW LISTING RULE
Quarterly IMM SONIA Futures	SON	S8	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 20 consecutive quarters	Quarterly contracts (Mar, Jun, Sep, Dec) listed through and including Dec-25

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

NewDelisting of MPC SONIA Futures - This Week

On Monday, June 30, the following MPC SONIA futures products were delisted, and effective close of business Friday, July 4, these products will be removed from CME Globex.

Delisting and Removal of MPC SONIA Futures Products
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
MPC SONIA Futures	MPC	S9

This product currently has no open interest.

NewDelisting of Various U.S. Crude Futures and Options  - This Week

On Monday, June 30, the following U.S. Crude futures and options were delisted, and at close of business Friday, June 27 these products were removed from CME Globex.

Delisting and Removal of Various U.S. Crude Futures and Options
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
Argus Sour Crude Index (ASCI) Calendar Month Futures	37	CC
Argus Sour Crude Index (ASCI) Trade Month Futures	29	CC
Argus Sour Crude Index (ASCI) vs. WTI Diff Spread Calendar Month Futures	38	CC
Argus Sour Crude Index (ASCI) vs. WTI Diff Spread Trade Month Futures	36	CC
Argus WTI Diff vs. CMA NYMEX Calendar Month Futures	ANC	CC
Argus WTI Formula Basis Calendar Month Futures	39	CC
Bakken Cushing (Argus) vs. WTI Financial Futures	BKF	CC
LLS (Argus) Crude Oil Average Price Option	XAO	EF
LLS (Argus) Financial Futures	AXA	CC
LLS (Argus) vs. Brent Crude Oil Financial Futures	LLR	CC
Mars (Argus) Financial Futures	MX	CC
Mars (Argus) vs. WTI Calendar Month Average Price Option	YXO	EF
Southern Green Canyon (Argus) vs. WTI Financial Futures	SCF	CC
WCS Cushing (Argus) vs. WTI Calendar Month Average Price Option	WAO	EF
WCS Cushing (Argus) vs. WTI Calendar Month Futures	WNC	CC
WTI Houston (Argus) vs. WTI BALMO Futures	HIB	CC
WTI Midland (Argus) vs. WTI Financial BALMO Futures	FFB	CC
WCS Houston (Argus) vs. WTI Calendar Month Futures	WCH	CC

These products currently have no open interest.

NewDelisting of ESTR Options and RFR Futures Products - This Week

On Monday, June 30, the following ESTR options and RFR futures products were delisted, and effective close of business Friday,  July 4, these products will be removed from CME Globex.

Delist and Remove ESTR Options and RFR Futures Products
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group
Options on Euro Short-Term Rate (€STR) Futures	ESR	EI
RepoFunds Rate (Germany) Futures	RFD	G1
RepoFunds Rate (Germany) - Three-Month Single Contract Basis Spread Futures	RSD	G5
RepoFunds Rate (Italy) Futures	RFI	I1
RepoFunds Rate (Italy) - Three-Month Single Contract Basis Spread Futures	RSI	I2

These products currently have no open interest.

Change to Minimum Price Increment for European Union and Portuguese Cash Bonds on BrokerTec - This Week

Effective this Sunday, July 6 (trade date Monday, July 7), the minimum price increment for the European Union and Portuguese Cash Bonds on BrokerTec will change as follows:

Change to Minimum Price Increment for European Union and Portuguese Cash Bonds on BrokerTec
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current tag 1140-MaxTradeVol	New tag 1140-MaxTradeVol
European Union Cash Bonds	EUBOND	EUCA	0.01	0.001 for bonds maturing in 5 years or less, and 0.01 for bonds maturing in more than 5 years.
Portuguese Cash Bonds	PTBOND	EUBD	0.001 for bonds maturing in 2 years or less, and 0.01 for bonds maturing in more than 2 years.	0.001 for bonds maturing in 5 years or less, and 0.01 for bonds maturing in more than 5 years.

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

Listing Cycle Expansion for Crude TAS Spread Combinations - July 13

Effective Sunday, July 13 (trade date Monday, July 14), the listing cycle for the following Crude TAS spread combinations will be expanded on CME Globex.

Listing Cycle Expansion for Crude TAS Spread Combinations
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Included Spreads and Combos - Tag 762 - SecuritySubTyp	Current Listing Schedule	New Listing Schedul
Crude TAS Calendar Spreads	CLT	CT	EC-Calendar	All spread combinations for the nearest 6 TAS eligible contract months; All 1-month calendar spreads for the remaining TAS eligible contract months, All spread combinations between the first nearby contract month and the next 12 contract months, and additional Jun-Dec & Dec-Jun spreads	All spread combinations for the nearest 6 TAS eligible contract months; All 1-month calendar spreads for the remaining TAS eligible contracts months, All spread combinations between the first nearby contract month and the next 12 contract months, and additional Jun-Dec, Dec-Jun & Dec-Dec spreads

These spread combinations will be available for customer testing in New Release on Sunday, June 29.

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

Listing Schedule Expansion for Dutch TTF Natural Gas Futures and Options - July 13

Effective Sunday, July 13 (trade date Monday, July 14), the listing schedule will be expanded for the following Dutch TTF Natural Gas futures and options on CME Globex.

Listing Schedule Expansion for Dutch TTF Natural Gas Futures and 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
Dutch TTF Natural Gas Futures-Style Margined Calendar Month Option	TFO	T3	Monthly contracts listed for 36 consecutive months.	Monthly contracts listed for the current year and the next 10 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Dutch TTF Natural Gas (Early Expiry) Financial Calendar Month Futures	TTP	AA
Dutch TTF Natural Gas Futures-Style Margined Financial Calendar Month Option	TTL	A0 (zero)

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

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

Listing Cycle Expansion for LTC Quarterly Strips and LTH and LTC Quarterly Strip Spreads - July 13

Effective Sunday, July 13 (trade date, Monday, July 14), the listing cycle for the LTC Quarterly Strips and LTH and LTC Quarterly Strip Spreads will be expanded on CME Globex.

Listing Cycle Expansion for LTC Quarterly Strips and  LTH & LTC Quarterly Strip Spreads
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Tag 762- SecuritySubType	Current Listing Schedule	New Listing Schedule
LTC Quarterly Strips	LTC	LI	SA - Average Price Strip	4 quarters	8 quarters
LTH Quarterly Strip Spreads	LTH	LI	SB - Balanced Strip Spread	4 quarters, All combos	8 quarters, All combos
LTC Quarterly Strip Spreads	LTC	LI	SB - Balanced Strip Spread	4 quarters, All combos	8 quarters, All combos

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

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

NewChange to Reduced Tick Duration for Three-Month F-TIIE Futures and Spreads - July 27

Effective Sunday, July 27 (trade date Monday, July 28), the reduced tick duration for Three-Month F-TIIE Futures will be changed to the following:

Change to Reduced Tick Duration for Three-Month F-TIIE Futures and Spreads
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Current Reduced Tick Duration	New Reduced Tick Duration
Three-Month F-TIIE Futures	TI3	MI	All contracts with Four Months or Less Until Termination of Trading: 0.0025 IMM Index points (¼ basis point per annum) = MXN$125 per contract All Other Delivery Months: 0.005 IMM Index points (½ basis point per annum) = MXN$250 per contract	All contracts with Three months or less until termination of trading: 0.0025 IMM Index points (¼ basis point per annum) = MXN$125 per contract All Other Delivery Months: 0.005 IMM Index points (½ basis point per annum) = MXN$250 per contract
Three-Month F-TIIE Futures Calendar Spread	TI3	MI	All contracts with Four Months or Less Until Termination of Trading: 0.0025 IMM Index points (¼ basis point per annum) = MXN$125 per contract All Other Delivery Months: 0.005 IMM Index points (½ basis point per annum) = MXN$250 per contract	All contracts with Three months or less until termination of trading: 0.0025 IMM Index points (¼ basis point per annum) = MXN$125 per contract All Other Delivery Months: 0.005 IMM Index points (½ basis point per annum) = MXN$250 per contract
Three-Month F-TIIE Futures Butterfly Spread	TI3:BF	MI	All contracts with Four Months or Less Until Termination of Trading: 0.0025 IMM Index points (¼ basis point per annum) = MXN$125 per contract All Other Delivery Months: 0.005 IMM Index points (½ basis point per annum) = MXN$250 per contract	All contracts with Three months or less until termination of trading: 0.0025 IMM Index points (¼ basis point per annum) = MXN$125 per contract All Other Delivery Months: 0.005 IMM Index points (½ basis point per annum) = MXN$250 per contract
Three-Month F-TIIE Futures Condor Spread	TI3:CF	TI3:BF	All contracts with Four Months or Less Until Termination of Trading: 0.0025 IMM Index points (¼ basis point per annum) = MXN$125 per contract All Other Delivery Months: 0.005 IMM Index points (½ basis point per annum) = MXN$250 per contract	All contracts with Three months or less until termination of trading: 0.0025 IMM Index points (¼ basis point per annum) = MXN$125 per contract All Other Delivery Months: 0.005 IMM Index points (½ basis point per annum) = MXN$250 per contract

These products will be available for customer testing in New Release on Sunday, July 13.

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

Events and Announcements

CME STP FIX on Google Cloud - Production Internet Connectivity - Now Available

On Sunday, May 11 (trade date Monday, May 12), CME Group enabled the Production internet connectivity options for CME STP FIX API as part of a phased migration of CME Straight Through Processing APIs to Google Cloud.

CME STP FIX service will operate in two regions, the Eastern and Central United States.

Clients have two different options for internet connectivity to CME STP FIX on Google Cloud.

CME STP FIX on Google Cloud - Production Internet Connectivity
Connectivity Option	CME STP FIX Hostname(s)	Usage
Managed	stpfix.api.cmegroup.com *[208.112.128.43]	Clients only need to connect to a single Host for all STP data that they are entitled to. CME Group will manage regional connectivity.
Regional	stpfix-a.api.cmegroup.com *[208.112.128.46] stpfix-b.api.cmegroup.com *[208.112.128.45]	Clients can connect to both regions in parallel, providing flexibility and redundancy. Clients can subscribe to the same or different STP trade data across regions based on their entitlements. Sequences of messages are not guaranteed to be the same across regions.

*Client systems are required to target the Hostname(s). IPs are provided for convenience of client side whitelisting.

CME STP FIX is accessible on port 443. Clients can use their existing API credentials.

CME STP FIX on Google Cloud is available in parallel to the current on-prem instance. Clients should ensure that they do not double-book trades if connecting in parallel to Google Cloud and on-prem instances.

View the client impact assessment for additional information.

UpdateSPAN Files Decommission on FTP Sites - August 18

† Denotes update to the article

† Please note that due to SPAN users’ request for additional time to switch to DataMine, the new deadline is rescheduled to August 18.

Effective †August 18, CME Group will provide SPAN files only via the SFTP and CME DataMine services. SPAN files will no longer be available over the public FTP or CME Group website.

This change applies to CME Group SPAN files as well as partner exchanges SPAN for BMD, XMA, SMX, etc. 

The following delivery mechanisms will no longer be available:

• Public FTP:
  • ftp.cmegroup.com/pub/span/data
  • ftp.cmgroup.com/span/data
• CME Website:
  • www.cmegroup.com/ftp/pub/span/data
  • www.cmegroup.com/ftp/span/data 

The following delivery channels will continue to be offered:

• CME DataMine: https://datamine.cmegroup.com/#/datasets/cme.span
• SFTP: sftpng.cmegroup.com 

We recommend that firms with access to SFTP migrate their SPAN  files downloads off Public FTP and CME Group websites before the deadline using the below paths: 

• CME SPAN: cme/ftp/123/pub/SPAN
• Partner Exchanges SPAN: cme/ftp/123/pub/SPAN/ftp
  where 123 is the Firm’s assigned SFTP ID

Customers without access to SFTP, or who prefer to download SPAN files via CME DataMine, may register at https://www.cmegroup.com/datamine.html

For more information, please contact CME Clearing at ccs@cmegroup.com or via phone at Chicago +1 312 207 2525, London +44 203 379 3198 or Singapore +65 6593 5591.

Messaging Efficiency Program Q3 2025 Benchmarks - Q3 2025

The Q3 2025 CME Globex Futures, Options on Futures and Mass Quote Options Messaging Efficiency Program Product Group Benchmarks are now available online. The mass quote ratio in Group Code 2V-E-mini NASDAQ 100 options strategies has increased from 20,000:1 to 25,000:1.

No other changes were made in Q3 2025 Product Group Benchmarks vs. Q2 2025 Product Group Benchmarks.

Please note the Excessive Messaging Threshold (EMT) for both Globex Firms and iLink session IDs remains in place for all futures and options on futures products which trade on CME Globex and 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 enrolled 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.