GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: May 28, 2007
Notice Date | 2007-05-28
Notice Number | 052807
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of May 28, 2007. Singapore CME Electronic Trading Customer Forum Proposed CBOT Merger Client Impact Assessment CME Connect Launch This Week Reminder: Discontinuing CME Globex Trader Licenses June Reminder: CME Commodities Extended Electronic Trading Hours Strikes Change for CME E-mini NASDAQ-100 Options on Futures Reminder: CME Eurodollar Options Strike Expansion Reminder: ITC Market Data for NYMEX on CME Globex on CME Market Data Platform Reminder: NYMEX Options Launch on CME Globex July Reminder: Legacy Certification Environment Decommission If you have any questions or concerns, please contact your CME Globex Account Manager at 312.634.8700; or at +44.20.7796.7100 in Europe. Learn the latest in electronic trading on CME Globex FCMs, IBs, proprietary trading groups, ISVs and market data distributors - Register today for the Singapore CME Electronic Trading Customer Forum. The CME Electronic Trading Customer Forums are designed to bring CME and its customers together. You will receive updates and information regarding CME Globex platform changes, electronic trading policies and new offerings in the next 6-12 months. These events are free and attendance is limited to CME customers. The forum will cover:
CBOT-CME proposed merger update Product updates NYMEX product updates and the CME Messaging Policy Enhanced Execution Reports User-Defined Spreads: Combos | New market data format: FIX/FAST New offering: Drop copy New offering: Cancel on disconnect New certification environments and AutoCert+ tool
Singapore Thursday, 7 June 2007 16:30 Registration 16:45 Presentation Reception to follow Fullerton Hotel The Straits Room, 4th Floor 1 Fullerton Square Singapore
CLICK HERE to register. Proposed CBOT Merger Client Impact Assessment CME previously announced that it intends to migrate e-cbot products to CME Globex in a phased approach beginning Q1 2008, subject to completion of the CME-CBOT merger, which is expected to occur mid-2007, pending approvals by regulators, shareholders of both companies and CBOT members, as well as completion of customary closing conditions. 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 For more information about this client impact document, please contact CME Globex Account Management or via phone at 312.634.8700 or at +44.20.7796.7100 in Europe. CME Connect Launch CME Connect is a secure, Web-based site that allows customers to access CME applications anytime, anywhere. From CME Connect, customers can access select tools including CME FirmSoft, the Exchange Fee System, Clearing 21 and disaster recovery applications. CME Connect was first introduced in March, and will fully replace the CME Portal by June 8, 2007. Existing CME Portal users can access CME Connect with no user ID and password changes required. If you are a new customer, please contact the CME Customer Support Group at 312.930.3444 to request access. Check out CME Connect today at http://connect.cme.com. The CME Connect User Guide is available at www.cme.com/files/cmeconnectuserguide.pdf. Reminder: Discontinuing CME Globex Trader Licenses Effective today, May 31, 2007, no new CME Globex Trader licenses or IDs will be issued. CME anticipates CME Globex Trader will be decommissioned by the end of this year. The limitation of CME Globex Trader to futures markets, aging functionality and infrastructure, and the declining user base have led to the decision to decommission CME Globex Trader. Traders may replace CME Globex Trader with a third-party application, CME EOS Trader or CME Galax-C handhelds to access CME Globex markets. More information is available in the CME Globex Trader Update. Reminder: CME Commodities Extended Electronic Trading Hours Effective this Monday, June 4, 2007, trading hours for CME Commodity futures and options on CME Globex will be extended to virtually 24 hours a day. The markets will open for trading at 9:05 a.m. Central time (CT) Mondays and close at 1:30 p.m. CT Fridays, with a daily 60 minute trading halt and trade date roll at 4:00 p.m.
CME Commodities Trading Hours on CME Globex
Product | Current Hours | New Hours
Market Open | Market Close | Market Open | Maintenance Window | Market Close
CME Feeder Cattle Futures | 9:05 a.m. M-F | 1:00 p.m. M-F | 9:05 a.m. Monday | 4:00-5:00 p.m. M-F | 1:30 p.m. Friday
CME Live Cattle Futures
CME Live Cattle Options | 1:02 p.m. M-F
CME Frozen Pork Bellies Futures | 9:10 a.m. M-F | 1:00 p.m. M-F
CME Lean Hog Futures
CME Lean Hog Options | 1:02 p.m. M-F
CME Cash-Settled Butter Futures | 9:30 a.m. M-F | 1:10 p.m. M-F
CME Milk Class III Futures | 9:40 a.m. M-F | 1:10 p.m. M-F
CME Dry Whey Futures
CME DAP Futures | 5:00 p.m. S-Th | 3:15 p.m. M-F
CME UAN Futures
CME Urea Futures
Strikes Change for CME E-mini NASDAQ-100 Options on Futures Effective Sunday, June 17, 2007 (for trade date Monday, June 18), with the expiration of the June 2007 contracts, the strikes listing rules for CME E-mini NASDAQ-100 ® options will change as described below.
CME E-mini NASDAQ-100 Strikes Listing Rules
Strike Interval | Current Listings | New Listings
5 basis points | ATM ± 100 | None
10 basis points | ATM ± 100 | ATM ± 7.5%
25 basis points | ATM ± 100 | None
Reminder: CME Eurodollar Options Strike Expansion Effective Sunday, June 17, 2007 (for trade date Monday, June 18), at customer requests, CME is expanding the recently launched strikes at 12.5 basis points intervals to all listed expirations, including all mid-curve options. With this change, strikes will be listed at 12.5 basis points intervals, ATM ± 6 (150 points) for all CME Eurodollar options. Outside the ATM ± 6 range, strikes will continue to be listed at 25 points intervals. Reminder: ITC Market Data for NYMEX on CME Globex on CME Market Data Platform Effective Sunday, June 24, 2007, ITC2.1 market data for NYMEX and COMEX products on CME Globex will be available via the CME Market Data Platform. With this launch, real-time NYMEX and COMEX on CME Globex market data will be available via CME Market Data Platform in both ITC2.1 and RLC formats. NYMEX has announced that, as of September 28, CME Globex market data for NYMEX and COMEX products traded on CME Globex will no longer be available via the NYMEX ITC2.1 multicast feed. More information on these changes, and the differences between CME and NYMEX ITC2.1 market data, is available online. CME Market Data Platform channel definitions for the new NYMEX and COMEX ITC2.1 channels in the New Release Certification environment, an FAQ, and a NYMEX-CME ITC2.1 Matrix are also available. Reminder: NYMEX Options Launch on CME Globex Effective Sunday, June 24, 2007 (for trade date Monday, June 25), options on NYMEX Crude Oil and Natural Gas futures and COMEX Gold and Silver futures will launch on CME Globex. For NYMEX options, CME is introducing variable length strike prices of up to 5 bytes in the Complete Instrument Code field in RLC market data messages and in SecurityDesc (FIX tag 107) in CME iLink messages. Currently, in these fields CME supports fixed strike prices within product groups of up to 4 bytes. More information on RLC market data is available in the CME Market Data Platform SDK RLC Message Specifications volume. More information on CME iLink messaging is available in the CME iLink SDK Message Specifications volume. CME will host two mock trading sessions in the CME production environment for customers, on Saturday, June 16 and Saturday, June 23. More information on the mock trading sessions will be available soon.
NYMEX Options
Product | Instrument Group Code | Product Code | MDP Channel
Crude Oil | LO | LO | 35
Natural Gas | ON | ON | 36
Gold | OG | OG | 37
Silver | SO | SO | 37
These NYMEX options are currently available for customer testing in the New Release Certification environment. More information about this NYMEX options launch is available at www.nymex.com. Reminder: Legacy CME Certification Environment Decommission Effective July 1, 2007, CME is decommissioning the legacy CME certification environment. The new certification environments, launched earlier this year, provide greater flexibility and functionality for developing, testing and certifying customer applications. More information on the new certification environments is available at www.cme.com/cert. New IDs for the legacy CME certification environment are no longer available. Any customers currently connected to the legacy CME certification environment will need to migrate to the new environments before the July 1 cut-off. Please contact your CME Globex Account Manager for more information and to start your migration. ©2007 Chicago Mercantile Exchange Inc (CME). All rights reserved. The Globe Logo, Globex®, E-mini®, iLink® Globex Trader® Galax-C® and CME® are trademarks of CME