GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: July 16, 2007
Notice Date | 2007-07-16
Notice Number | 071607
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of July 16, 2007. New Functionality Update! Instrument Creation (MO) Message Enhancements - July 29 Product Launches NYMEX Brent Last Day Futures Launch - July 29 New! Futures Strips on Cash-Settled Butter and Dry Whey Futures - August 3 New! NYMEX RBOB and Heating Oil Options Launch on CME Globex - August 19 Product Changes Maximum Order Quantity Increase for Eurodollar Futures - This Week! Instrument Group Code Changes for CME Globex - July 29 New! Strategy Type Code Changes for Swap Rate Calendar Spreads - July 29 Events and Announcements CBOT Merger Client Impact Assessment Customer Forum for CME-CBOT Merger If you have any questions or concerns, please contact your CME Globex Account Manager at 312.634.8700; +44.20.7796.7100 in Europe; or at +852.3101.7696 in Asia. New Functionality Instrument Creation (MO) Message Enhancements Effective Sunday, July 29, 2007, CME Group is launching the following enhancements to the Instrument Creation (MO (m-oh)) RLC market data message in the New Release environment. These new fields provide important instrument information, such as the fractional versus decimal price display, originating exchange and explicit Cabinet price for options. These new fields are scheduled to launch in the production environment in Q1 2008. Complete specifications for the MO market data message is available in the Market Data Platform RLC Message Specifications.
New Fields in MO Messages
Position | Title | Length | Description
798 | Fractional Pricing Flag | 1 | Indicates if instrument should display with decimal or fractional price 0 = Decimal display 1 = Fractional Display
900-903 | Exchange Code | 4 | ISO Standard Exchange identifier XCME = CME XNYM = NYMEX XCEC = COMEX XOCH = OneChicago
904-922 | Cabinet Price | 19 | 19byte price field defines cabinet price for options. First byte is the decimal locator. This field is populated only for options.
Please note: New Release, Certification and Production are completely independent environments. Product listings and ISIN codes, as found in the CME Globex Internal ID field of the MO message, may be different in each environment. CME Group recommends that customers use the Market Data Platform channels specific to each environment, as defined in the channel definitions: New Release Channel Definitions Certification Channel Definitions Production Channel Definitions Product Launches NYMEX Brent Last Day Futures Launch Effective Sunday, July 29, 2007 (for trade date Monday, July 30), NYMEX Brent Last Day futures, spreads and TAS contracts will launch on the CME Globex platform. Complete CME Globex product specifications are available in the NYMEX on CME Globex Snapshot. More information on the Brent Last Day futures is available from NYMEX Product Marketing at 212.299.2301.
NYMEX Brent Financial Last Day Outright Products
Product | Instrument Group Code | Product Code | MDP RLC Channel
Brent Last Day | CL | BZ | 30
Brent Last Day TAS | WT | BZT | 30
NYMEX Brent Financial Last Day Future Spreads
Product | Instrument Group Code | Product Code | Strategy Type Code | MDP RLC Channel
Brent Last Day Futures Strips | CL | BZ:FS | FS | 30
Brent Last Day Futures Calendar Spreads | CL | BZ:SP | SP | 30
Intercommodity Spreads
Crude Oil vs Brent Last Day | CL | CL-BZ | IS | 30
Brent Last Day vs REBCO | CL | BZ-RE | IS | 30
These products are currently available for customer testing in the New Release environment. Futures Strips on Cash-Settled Butter and Dry Whey Futures Effective Sunday, August 5, 2007 (for trade date Monday, August 6), CME Group is launching 3-, 6- and 12-month futures Packs for Cash-Settled Butter and Dry Whey futures. These new spreads will use Strategy Type Code FS. The Strategy Type Code can be found at position 727-728 in the Instrument Creation (MO (m-oh)) RLC market data message. More information on the Strategy Type Code and MO messages is available in the RLC Message Specifications module of the Market Data Platform SDK. These new Packs will be available in the New Release environment for customer testing Monday, July 30. NYMEX RBOB and Heating Oil Options Launch on CME Globex Effective Sunday, August 19 (for trade date Monday, August 20), NYMEX RBOB and Heating Oil options on futures will launch on the CME Globex platform. Complete CME Globex product specifications are available in the NYMEX Options on CME Globex Snapshot. More information on these NYMEX options is available from NYMEX Product Marketing at 212.299.2301.
NYMEX RBOB and Heating Oil Options on CME Globex
Product | Instrument Group Code | Product Code | MDP RLC Channel
RBOB Options | OB | OB | 35
Heating Oil Options | OH | OH | 35
The NYMEX RBOB and Heating Oil options will be available for customer testing in the New Release environment Monday, August 6. Product Changes Maximum Order Quantity Increase for Eurodollar Futures At customer requests, effective this Sunday, July 22, 2007 (for trade date Monday, July 23), the Maximum Order Quantity for the first two years of Eurodollar futures and spreads is increasing to 30,000. Currently, the Maximum Order Quantity is set to 20,000 for the first two years. The Maximum Order Quantity for every instrument on CME Globex is defined in the Instrument Creation (MO (m-oh)) RLC market data message, position 533, Order Max Qty. Instrument Group Code Changes for CME Globex To prepare for upcoming product launches, the existing Instrument Group Codes for the following products will be changed. The Instrument Group Code can be found in the Instrument Creation (MO) message at position 70-71. This change will be effective in all customer environments (Production, Certification and New Release) Sunday, July 29, 2007. New Instrument Group Codes may require front-end system or trading application changes. Please contact your system provider for more information.
New Instrument Group Codes
AFFECTED PRODUCTS | Current Instrument Group Code | New Instrument Group Code
NASDAQ-100® options on futures | ZD | XH
Euro FX/Japanese Yen Cross Rate options | ZO (z-oh) | X8
E-mini Russell 1000® futures | RS | XU
Israeli Shekel futures | IS | XI (x-eye)
Futures on iShares Russell 2000 Index Fund™ | IW | QQ
Futures on S&P 500 ® Depositary Receipts | PY | QQ
EuroFX options | ZC | XT
New Zealand Dollar outright options | ZN | 2N
New Zealand option spreads | 0N (zero-N) | 3N
British Pound outright options | OB | XB
Strategy Type Code Changes for Swap Rate Calendar Spreads Effective Sunday, July 29 (for trade date Monday, July 30), the Strategy Type Code for all 2-year, 5-year and 10-year Swap Rate futures calendar spreads will change to SP. Currently, the Strategy Type Code is FX. The Strategy Type Code can be found at position 727-728 in the Instrument Creation (MO (m-oh)) RLC market data message. More information on the Strategy Type Code and MO messages is available in the RLC Message Specifications module of the Market Data Platform SDK. Events and Announcements CBOT Merger Client Impact Assessment CME Group previously announced that it intends to migrate e-cbot products to CME Globex in a phased approach beginning Q1 2008. In an effort to provide information as early as possible regarding this electronic trading migration, the CME/CBOT Client Impact Assessment document is now available for your reference at www.cme.com/CBOTImpact. Key topics discussed in this document are as follows: Key Dates and Events CME Globex System Impacts Product-Specific Functionality Fractional and Cabinet Pricing Implied Spread Functionality Matching Algorithms Market Data Messages and Channels Testing and Certification Bandwidth Recommendations Messaging Policy Implications User Identification Learn about the transition of CBOT trading on CME Globex FCMs, IBs, proprietary trading groups, ISVs and market data distributors - Register today for the Electronic Trading Customer Forum. The Electronic Trading Customer Forums are designed to bring CME Group and its customers together. The forum will focus on electronic trading readiness for the CBOT-CME merger. By attending, you will learn how to be prepared for the migration of CBOT products onto CME Globex. These events are free and attendance is limited to CME Group customers. The forum will cover:
CME Globex Access Customer System Impacts Functionality Enhancements | Connectivity and the Certification Environments Market Operations Transition Process
Chicago Monday, July 30 and Tuesday, July 31 3:30 p.m. Registration 4:00 p.m. Presentation Reception to follow in the CME Club CME Group Headquarters Auditorium 20 S. Wacker Dr. Chicago, IL 60606 |  | New York Wednesday, August 1 4:30 p.m. Registration 5:00 p.m. Presentation Reception to follow Le Parker Meridien Estrela Penthouse 118 West 57th Street New York, NY 10019 |  | London Tuesday, August 7 15:30 Registration 16:00 Presentation Reception to follow The Old Library Lloyd's One Lime Street London EC3M 7HA
A customer forum will be held in Singapore at a later date. CLICK HERE to register. © Copyright 2007 CME Group All rights reserved. The Globe Logo, Globex®, E-mini®, iLink®, Globex Trader®, Galax-C®, and CME® are trademarks of CME Group.