GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: September 17, 2007
Notice Date | 2007-09-17
Notice Number | 091707
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of September 17, 2007. Critical System Updates Alphanumeric Firm IDs Launch - September 30 Introducing Alphanumeric Host Order Numbers (HON) - October ITC 2.1 Changes on the Market Data Platform - October 14 Changes to Instrument Creation (MO) Replay Channels - November 18 New Functionality Enhanced Strike and Trade Prices on CME Globex - September 30 FIX/FAST Launch - Q3 2007 Product Launches Dry Whey Options Launch on CME Globex - This Week NYMEX Ardour Global Index Futures Launch - September 30 Lehman Brothers U.S. Aggregate Index Futures Launch - September 30 COMEX Copper Options Launch on CME Globex - October 14 Product Changes Ethanol Futures Delisting - This Week! FX American-style Quarterly Options Extension - September 30 FX Options Strategies Launch - September 30 Futures Strips on NYMEX Uranium Launch - October 14 NYMEX Options Strategies on CME Globex - October 14 Events and Announcements Update! New Release Environment Maintenance - This Friday Customer Forum in Singapore for CME-CBOT Merger - October 1 Change in Quantity Limit for New Products on EOS Trader 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 Alphanumeric Firm IDs Launch As previously announced, CME Group is introducing three-byte alphanumeric Firm IDs effective Sunday, September 30, 2007. Currently, all Firm IDs are three-byte numerical only. Starting September 30, new customers will be assigned three-byte alphanumeric IDs. The Firm ID is a sub-field of FIX tag 49, SenderCompID, and is required in iLink order entry messaging. Tag 49 is composed of the three-byte Session ID, three-byte Firm ID, and one-byte Fault Tolerance Indicator. More information on this enhancement to the Firm ID and tag 49, SenderCompID, is available in the Enhanced Trade and Settlement Prices Client Impact Assessment. More information on tag 49, SenderCompID, is available in the iLink Message Specifications module of the iLink SDK. The alphanumeric Firm ID 1P1 is currently available for customer testing in Certification. Introducing Alphanumeric Host Order Numbers (HON) Effective September 15 in the New Release environment, CME Group introduced alphanumeric Host Order Numbers (HON) in FIX tag 37, OrderID, in all applicable iLink messaging. CME Group will force the following December 2007 futures to an alphanumeric HON in New Release: NYMEX Crude Oil - CLZ7 E-mini S&P 500 ® - ESZ7 Eurodollar - GEZ7 Euro FX - 6EZ7 Tag 37 is defined with a String format in the iLink Message Specifications module of the iLink Software Development Kit (SDK), so there is no field type change. Tag 37 is used to uniquely identify orders per contract, per trading session. Currently numeric only, tag 37 will use alphanumeric values to support the growth in trading and messaging volume. Alphanumeric values for tag 37 will be launched in production in October. ITC 2.1 Changes on the Market Data Platform Effective Sunday, October 14, 2007, CME Group will implement changes to the current ITC 2.1 channel schema for CME Globex data on the Market Data Platform. The following channels will be added to the Market Data Platform to provide more granular and scalable ITC 2.1 format market data: Channel 200 - CME Globex Equity Futures Channel 201 - CME Globex Equity Options Channel 202 - CME Globex Interest Rate Futures Channel 203 - CME Globex Interest Rate Options Channel 204 - CME Globex FX Futures Channel 205 - CME Globex FX Options Channel 206 - CME Globex Commodity, Industrials and TRKRS Futures Channel 207 - CME Globex Commodity, Industrials and TRKRS Options These changes only impact the ITC 2.1 channels; there is no change to RLC-format channels. The current channels 4, 5 and 6 for CME Globex ITC 2.1 market data will be maintained in parallel with the new channels in production until December 1, 2007. Channel 4 - CME Globex Futures Channel 5 - CME Globex Options Channel 6 - CME Globex Spreads Please note: these ITC 2.1 channels, 4-6 and 200-207, disseminate Top of Book market data only. These new channels are currently available for customer testing in the New Release environment, and in Certification on October 16. The channel definitions for New Release are now available at www.cme.com/certsdk. Changes to Instrument Creation (MO) Replay Channels Effective Sunday, November 18, 2007, CME Group is introducing new Instrument Creation (MO) Replay channels on the Market Data Platform in production. With these new channels, every product RLC data channel (e.g., channel 7, Equity futures; channel 8, Equity options, etc.) will have a dedicated MO Replay channel so customers can listen only to the MO messages for which they receive market data. The current MO Replay channels (channel 1 and 16) will be maintained in parallel for at least eight weeks before those channels are decommissioned. Please note, these changes only affect the RLC-format channels. There are no changes to the ITC 2.1-format channels. The new MO Replay channels will be available in New Release for customer testing Thursday, October 4. The new MO replay channels will not be available in Certification until Wednesday, November 21. The channel definitions for New Release are now available at www.cme.com/certsdk. New Functionality Enhanced Strike and Trade Prices on CME Globex As previously announced, CME Group is launching support for 0 (zero) and negative strike prices for options, and negative trade and settlement prices for futures. With these enhancements, customers will be able to trade futures at negative trade prices, and options with negative strike prices. This launch will also introduce expanded strike prices up to six bytes long. The following test products are currently available in the Certification environment for customers to test this new functionality:
Enhanced Strike and Trade Prices Test Products
Product | Max Strike Price Length | Strike Prices | Trade Prices | Settlement Prices
Supports Zero | Supports Negative | Supports Zero | Supports Negative | Supports Zero | Supports Negative
Z5 options | 5b | X | X | X |  | X |
Z6 options | 6b | X | X | X |  | X |
Weekly Weather futures | —x x < /td> | —x x < /td> | —x x < /td> | X | X | X | X
Effective Sunday, September 30, 2007 (for trade date Monday, October 1), Weekly Weather futures on CME Globex will be eligible for 0 and negative trade and settlement prices. More information on these pricing enhancements is available in the Enhanced Trade and Settlement Prices Client Impact Assessment. FIX/FAST Launch In Q3 2007, CME Group is scheduled to launch the new FIX/FAST SM market data format on the CME Globex platform. FIX/FAST is the basis of a new industry standard for market data and improves bandwidth scalability. The new format is based on FIX SM and FAST SM protocols for increased efficiency. FIX provides the core message structure and syntax while the FAST protocol increases optimization. FIX/FAST is currently available for customer testing in the New Release environment. Effective Monday, September 24, customers will be able to certify their applications for FIX/FAST in New Release via AutoCert+. More information on certification is available in the AutoCert+ User Guide. Please note: customer certification for FIX/FAST is mandatory. 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. Product Launches Dry Whey Options Launch on CME Globex Effective this Sunday, September 23 (for trade date Monday, September 24), Dry Whey options and strategies will launch on the CME Globex platform.
Dry Whey Options on Futures on CME Globex
Product | Instrument Group Code | Product Code
Dry Whey Options | Y0 (zero) | DY
Dry Whey Options Strategies on CME Globex
Product | Strategy Type Code | Instrument Group Code | Product Code
Dry Whey Straddles | ST | Y3 | DY
Dry Whey Strangles | SG | Y3 | DY
Dry Whey Verticals | VT | Y3 | DY
These new Dry Whey options are currently available for customer testing in the Certification environment. NYMEX Ardour Global Index Futures Launch Effective Sunday, September 30, 2007 (for trade date Monday, October 1), 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. Lehman Brothers U.S. Aggregate Index Futures Launch Effective Sunday, September 30, 2007 (for trade date Monday, October 1), futures on the Lehman Brothers U.S. Aggregate Index will launch on the CME Globex platform. Futures calendar spreads will also be available upon launch, using the new Strategy Type Code SD. 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. The Lehman Brothers U.S. Aggregate Index futures will represent the world's first exchange-traded contracts on a U.S. broad-based, fixed-income index. Lehman Brothers U.S. Aggregate Index futures provide traders and investors a new tool for: Asset allocation Passive indexation Portable alpha strategies Spreading against other exchange-traded products
Product | Instrument Group Code | Product Code | Listed Contracts
Lehman Brothers U.S. Aggregate Index futures | LB | LBA | 4 quarterlies
Product | Instrument Group Code | Product Code | Strategy Type Code | Listed Contracts
Lehman Brothers U.S. Aggregate Index calendar spreads | LB | LBA MY-LBA MY† | SD | 6 spreads
† MY = Month and year in normal CME Group terminology, e.g. U7 These new futures will be available for customer testing in the Certification environment this Monday, September 17. COMEX Copper Options Launch on CME Globex Effective Sunday, October 14, 2007 (for trade date Monday, October 15), options on COMEX Copper futures will launch on the CME Globex electronic trading platform. Complete CME Globex product specifications will be available in the NYMEX & COMEX Options on CME Globex Snapshot. More information on Copper options is available from NYMEX Product Marketing at 212.299.2301. CME Group will host a mock trading session for NYMEX options strategies and COMEX Copper options on CME Globex Saturday, October 6. More information on the mock trading session will be available soon.
COMEX Copper Options
Product | Instrument Group Code | Product Code | MDP RLC Channel
Copper Options | 1U | HXE | 37
COMEX Copper options on the CME Globex platform will be available for customer testing in the Certification environment Monday, October 1. Product Changes Ethanol Futures Delisting Effective at close of business this Friday, September 21, 2007, the Ethanol, Urea, Urea Ammonium Nitrate and Diammonium Phosphate futures will be delisted from all venues. There is no open interest in any of the contract months. FX American-style Quarterly Options Extension Effective Sunday, September 30 (for trade date Monday, October 1), the following American-style FX options on futures will be extended:
FX American-style Options Extension
FX Product | CME Globex Product Code | Currently Listed | Extended Listings
Serials | Quarterlies | Serials | Quarterlies
Australian Dollar | 6A | Two | Two | Two | Four
New Zealand Dollar | 6N | One
British Pound | 6B | Two
Canadian Dollar | 6C
Euro FX | 6E
Japanese Yen | 6J
Swiss Franc | 6S
These extended listings will be available for customer testing in the New Release environment Monday, September 24. FX Options Strategies Launch Effective Sunday, September 30, 2007 (for trade date Monday, October 1), Horizontal and Risk Reversal option strategies on the following American-style FX options will be launched on the CME Globex platform. Euro FX options (product code 6E) Japanese Yen options (product code 6J) British Pound options (product code 6B) Swiss Franc options (product code 6S) Canadian Dollar options (product code 6C) Australian Dollar options (product code 6A) New Zealand Dollar options (product code 6N) Mexican Peso options (product code 6M) Russian Ruble options (product code 6R) These strategies will use the current Strategy Type Codes HO for Horizontals and RR for Risk Reversals. 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. The RR strategies will be available in the New Release environment for customer testing this Monday, September 17; the HO strategies will be available in New Release beginning Thursday, September 20. Futures Strips on NYMEX Uranium Launch Effective Sunday, October 14 (for trade date Monday, October 15), strips on the NYMEX Uranium futures will be launched on the CME Globex platform. These new strips will use the Strategy Type Code FS. Complete CME Globex product specifications are available in the NYMEX on CME Globex Snapshot. 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 Uranium strips will be available in the Certification environment for customer testing Monday, October 1. NYMEX Options Strategies on CME Globex Effective Sunday, October 14 (for trade date Monday, October 15), the following strategies on NYMEX options will be launched on the CME Globex platform. Complete CME Globex product specifications are available in the NYMEX on CME Globex Snapshot. With this launch, full User-Defined Spreads (UDS) functionality, including Combos and Covereds, will be supported for these NYMEX options. More information on UDS functionality is available in the Options modules of the iLink SDK and Market Data Platform SDK. CME Group will host a mock trading session for NYMEX options strategies and COMEX Copper options on CME Globex Saturday, October 6. More information on the mock trading session will be available soon.
NYMEX Options Strategies
Product | Instrument Group Code | Product Code | Strategy Type Code | MDP RLC Channel
Crude Oil Options Straddles | 1N | LO | ST | 35
Crude Oil Options Strangles | SG
Crude Oil Options Verticals | VT
Crude Oil Options Butterflies | BO
Gold Options Straddles | 1Y | OG | ST | 37
Gold Options Strangles | SG
Gold Options Verticals | VT
Gold Options Butterflies | BO
Natural Gas Options Straddles | 1T | ON | ST | 36
Natural Gas Options Strangles | SG
Natural Gas Options Verticals | VT
Natural Gas Options Butterflies | BO
Silver Options Straddles | S1 | SO | ST | 37
Silver Options Strangles | SG
Silver Options Verticals | VT
Silver Options Butterflies | BO
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 strategies will be available in the Certification environment for customer testing Monday, October 1. Events and Announcements Update! New Release Environment Maintenance To prepare for the upcoming CBOT product and functionality launches, the New Release environment will be unavailable beginning at 2:00 p.m. Central time (CT) this Friday, September 21. The Certification environment will be available per the normal schedule. Please contact your CME Globex Account Manager with any questions or concerns at 312.648.3736; or in Europe at +44.20.7796.7100; or in Asia at +852.3101.7696. Learn about the transition of CBOT trading on CME Globex FCMs, IBs, proprietary trading groups, ISVs and market data distributors - Register today for the CME Electronic Trading Customer Forum in Singapore. The CME 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
Singapore Monday, October 1 5:00 p.m. Registration 5:30 p.m. Presentation Raffles Hotel East India Room 1 Beach Road Singapore 189673
CLICK HERE to register. Change in Quantity Limit for New Products on EOS Trader Effective immediately, all new products available on the EOS Trader front-end system will have the default order size maximum set to 0 (zero). To allow EOS Trader users to trade the new products, Clearing Firm Administrators must expand the product's order size maximum for each trader. EOS Trader administrators are able to set these parameters prior to the product launch date via their administrator screens. For more information, or if you need to establish an EOS Trader administrator, please contact your CME Globex Account Manager at 312.648.3736, or +44.20.7796.7100 in Europe, or +852.3101.7696 in Asia. © Copyright 2007 CME Group All rights reserved. The Globe Logo, Globex®, E-mini®, iLink®, Globex Trader®, Galax-C®, TRKRS®, EOS Trader TM and CME® are trademarks of CME Group.