GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: August 6, 2007
Notice Date | 2007-08-06
Notice Number | 080607
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of August 6, 2007. Critical System Updates CBOT and Hosted Exchange Products and Functionality in New Release - This Week New Functionality FIX/FAST Launch in New Release Environment - This Week Product Launches NYMEX Ardour Global Index Futures Launch - August 19 S&P Futures and Options Launch - August 19 NYMEX RBOB and Heating Oil Options Launch on CME Globex - August 19 Weekly American-Style FX Options on CME Globex - August 26 Wood Pulp Futures and Options Launch - September 9 New! Intercommodity Spread for Equity Futures - September 9 Product Changes New! NYMEX iPort 3-2-1 Plus Delisting - August 10 Equity Options Expansion on CME Globex - August 19 E-mini S&P SmallCap 600 Group Code Change - August 26 Events and Announcements New Release Unavailable 12-5 Friday, August 10 Testing New Products in Certification 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. Critical System Updates CBOT and Hosted Exchange Products and Functionality in New Release Effective this Monday, August 13, 2007, in the New Release environment, the CBOT and Hosted Exchange products and functionality will be available for customer testing. All CBOT and Hosted Exchange futures, options, spreads and strategies scheduled to launch in production in January 2008 will be available in New Release with this release. Commodities, Dow and Hosted Exchange futures and options are scheduled to launch January 13, 2008. Interest Rate futures and options are scheduled to launch January 27. Jade and Metal products are not included in this launch. The new functionality to support this launch includes Fractional and Cabinet pricing; matching algorithms; new spreads; and enhancements to the Instrument Creation (MO) and Security Definition (MU) market data messages. Complete information on the customer system impacts for this launch is available in the CBOT Client Impact Assessment. New Functionality FIX/FAST Launch in New Release Environment Effective this Monday, August 13, 2007, in the New Release environment, CME Group is launching the new FIX/FAST market data format for customer testing. FIX/FAST drastically reduces end-to-end latency and improves bandwidth scalability. The new format is based on FIX and FAST protocols for increased efficiency. FIX provides the core message structure and syntax while the FAST protocol increases optimization. FIX/FAST is the basis of a new industry standard for market data. The FIX/FAST Software Development Kit, including Market Data Platform channel definitions and reference code, is available online at www.cme.com/fixfast. Please note: the TCP replay functionality will not be available in New Release with this launch. The TCP replay functionality launch will be announced in a later CME Globex Notice. FIX/FAST is scheduled to launch in production in Q3 2007. Product Launches NYMEX Ardour Global Index Futures Launch Effective Sunday, August 19, 2007 (for trade date Monday, August 20), the NYMEX Ardour Global Index futures will launch on the CME Globex electronic trading platform. Complete CME Globex product specifications are available in the NYMEX on CME Globex Snapshot. More information on Ardour Global Index futures is available from NYMEX Product Marketing at 212.299.2301. The Ardour Global Index futures are based on the Ardour Global SM (Extra Liquid) (Ardour-XL SM ) Index, a benchmark index for the global alternative energy industry.
NYMEX Ardour Global Index Futures
Product | Instrument Group Code | Product Code | MDP RLC Channel
Ardour Global Index | AX | AX | 30
The Ardour Global Index futures are currently available in the Certification environment. New S&P Futures and Options Launch Effective Sunday, August 19, 2007 (for trade date Monday, August 20), the following new S&P® equity products will launch on the CME Globex platform.
New S&P Futures and Options Outrights on CME Globex
Product | Instrument Group Code | Product Code
S&P SmallCap 600® futures† | SM | SMP
E-mini S&P MidCap 400® option outrights | MC | EMD
† S&P SmallCap 600 futures will be available for trading on CME Globex during Electronic Trading Hours (ETH) only.
New E-mini S&P MidCap 400 Option Spreads on CME Globex
Product | Strategy Type Code | Instrument Group Code | Product Code
Horizontal Option Spread | HO | 8V | EMD
Butterfly Option Spread | BO
Strangle Option Spread | SG
Straddle Option Spread | ST
Vertical Call Option Spread | VC
Vertical Put Option Spread | VP
These new Equity futures, options and spreads are currently available for customer testing in the Certification environment. 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. CME Group will be hosting a mock trading session for the NYMEX RBOB and Heating Oil options on CME Globex this Saturday, August 11. The Mock Trading Session Plan and Script are both available online.
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 are currently available for customer testing in the Certification environment. Weekly American-Style FX Options on CME Globex Effective Sunday, August 26, 2007 (for trade date Monday, August 27), the following Weekly American-style FX options on futures will launch on the CME Globex platform.
Weekly American-style FX Options on CME Globex
Weekly FX Options | Instrument Group Code | Product Code
Australian Dollar | ZA | 6A1-6A5
British Pound | XB | 6B1-6B5
Canadian Dollar | XD | 6C1-6C5
Euro FX | XT | 6E1-6E5
Japanese Yen | XJ | 6J1-6J5
Swiss Franc | XS | 6S1-6S5
These new Weekly American-style FX options will be available in Certification for customer testing this Monday, August 13. Wood Pulp Futures and Options Launch Effective Sunday, September 9, 2007 (for trade date Monday, September 10), Northern Bleach Softwood Kraft Pulp Europe (Softwood Pulp) futures and options will launch on the CME Globex platform. Softwood Pulp options will be eligible for User-Defined Spreads (UDS) Combos and Covereds at launch.
Softwood Pulp on CME Globex
Product | Instrument Group Code | Product Code
Softwood Pulp Futures | WP | WP
Softwood Pulp Option Outrights | W0 (zero)
Softwood Pulp Options Spreads | W2
These Softwood Pulp instruments will be available in the Certification environment for customer testing Monday, August 27. Intercommodity Spread for Equity Futures Effective Sunday, September 9, 2007 (for trade date Monday, September 10), a new intercommodity spread between the new E-mini S&P SmallCap 600 and the E-mini Russell 2000® futures will be available for trading on the CME Globex platform. The new spread, Strategy Type Code IR, is a 2:1 ratio spread and will not support implied functionality. The IR intercommodity spread will be available in New Release for customer testing Monday, August 20. Product Changes NYMEX iPort 3-2-1 Plus Delisting Effective tomorrow, Friday, August 10, the NYMEX iPort 3-2-1 Plus™ futures, spreads and TAS contracts will be delisted from the CME Globex platform.
Delisted NYMEX iPort 3-2-1 Plus Products
Product | Instrument Group Code | Product Code
3-2-1 Plus Futures and Spreads | WX | WX
3-2-1 Plus TAS | WT | WXT
Equity Options Expansion on CME Globex Effective Sunday, August 19, 2007 (for trade date Monday, August 20), the following Equity options listings will be extended:
Expanded Equity Options Listings on CME Globex
Options | Instrument Group Code | Product Code | Current Listing Rules | New Listing Rules
E-mini S&P 500® options | EZ | ES | 2 quarterlies | 4 quarterlies
E-mini NASDAQ-100® options | QZ | NQ
NASDAQ-100 options | XH | ND
E-mini Russell 2000® | RQ | ER
End Of Month S&P 500 options | EV | EV | 3 consecutive months | 6 consecutive months
End of Month E-mini S&P 500 options | EW | EW
E-mini S&P SmallCap 600 Group Code Change Effective Sunday, August 26 (for trade date Monday, August 27), the Instrument Group Code for the E-mini S&P SmallCap 600 futures will change to ER. Currently the Instrument Group Code for the E-mini S&P SmallCap 600 futures is EP. This change will be effective in all customer environments - Production, Certification and New Release. The Instrument Group Code can be found in the Instrument Creation (MO) RLC market data message at position 70-71. New Instrument Group Codes may require front-end system or trading application changes. Please contact your system provider for more information. Events and Announcements New Release Unavailable 12-5, Friday, August 10 This Friday, August 10, to prepare for the listing of CBOT and Hosted Exchange products, the New Release environment will not be available for customers from 12:00 - 5:00 p.m. Central time. The Certification environment will be available according to the normal schedule. Testing New Products in Certification Effective August 13, the new functionality to support CBOT products on CME Globex will be launched in the New Release environment. With this launch, functionality and messaging in the New Release environment will not mirror the production environment until the CBOT functionality is rolled into production later this year. In the interval, to allow customers to test new products and instruments in a production-like environment, new products will be made available in the Certification environment prior to launch. The specific environment where the new products can be tested will always be identified in the CME Globex Notice article announcing the launch. 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 More information on the testing environments is available online. © 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. Unsubscribe | Manage Subscriptions | Trademarks & Disclaimers | CME Group Privacy Policy | Forward to a Friend %%Member_Busname%% %%Member_Addr%% %%Member_City%%, %%Member_State%% %%Member_PostalCode%% %%Member_Country%% 1-800-331-3332