GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: May 27, 2006
Notice Date | 2006-06-01
Notice Number | 060606-6
Effective Date | 2006-06-01
Welcome to the CME Globex Notices summary for the week of May 27, 2006. This Week Mock Trading Session for NYMEX Products on the CME Globex Platform CME Clearing and CME Globex Contra-Party Information Changes CME Live Cattle Serial Month Futures Delisting June Reminder: NYMEX Energy Products on the CME Globex Platform Reminder: Mock Trading Session for Covered CME Eurodollar Options Reminder: CME Equity and CME FX Spreads: Leg Execution Reports July Reminder: CME Market Data API Elimination Reminder: Mass Quote Message Change Reminder: Covered CME Eurodollar Options: User-Defined Spreads Phase I Reminder: Ex-Pit Transaction Functionality If you have any questions or concerns, please contact your CME Globex Account Manager at 312.634.8700; or at +44.207.623.2550 in Europe. Mock Trading Session for NYMEX Products on the CME Globex Platform This Saturday, June 3, 9:30 a.m. - 12:00 p.m. Central time, CME is hosting a mock trading session to prepare for the June 11 launch of NYMEX products on the CME Globex platform. Requirements for participating in this mock trading session are available online, in addition to important documentation and the mock trading session scripts. CME Clearing and CME Globex Contra-Party Information Changes To improve the anonymity of the CME electronic marketplace, contra-party information will be removed from the CME Clearing (TREX) messages, the back-office Front-End Clearing (FEC) application, the official trade register report and the FIXML data file; and the CME Globex execution messages. More information on these changes, and the implementation schedule, is available online. CME Live Cattle Serial Month Futures Delisting Effective this Friday, June 2, 2006, CME Live Cattle Serial Month futures and futures spreads (i.e., the odd-numbered months January, March, May, July, September, and November) will be delisted at the close of trading at 3:15 p.m. Central time, from both the CME Globex and trading floor. More information on this CME product change is available online. Reminder: NYMEX Energy Products on the CME Globex Platform On Sunday June 11, 2006 (for trade date Monday, June 12), CME is scheduled to launch access to the following NYMEX Energy futures on the CME Globex platform: Crude oil (penultimate) financial futures (WS) Heating oil (penultimate) financial futures (BH) RBOB gasoline (penultimate) financial futures (RT) Natural gas (penultimate) financial futures (HP) Natural gas (last-day) financial futures (HH) NYMEX miNY™ Crude Oil (QM) futures NYMEX miNY Heating oil (QH) futures NYMEX miNY Natural gas (QG) futures NYMEX miNY RBOB gasoline (QU) futures CME will make these NYMEX Energy products available for a mock trading session on June 3, 2006. These NYMEX products are currently available in the CME certification environment for customer testing. The NYMEX Products on the CME Globex Platform Client Impact Assessment is now available online. More information on this launch is available online. Mock Trading Sessions for Covered CME Eurodollar Options To support the upcoming UDS Phase I: Covered CME Eurodollar Options launch, CME will be holding mock trading sessions in the CME production environment on Saturday, June 17 and June 24, 2006. In addition, in the CME certification environment, customers can schedule a mock trading exercise with CSET Wednesday through Friday, June 7 through June 9 and June 14 through June 16. To register or for more information on the Saturday mock trading sessions in the CME production environment, please contact your CME Globex Account Manager at 312.634.8700; or in Europe at +44.207.623.2550. To schedule a mock trading exercise in the CME certification environment, please contact CSET at 312.930.2322. Reminder: CME Equity and CME FX Spreads: Leg Execution Reports Effective June 25, 2006 (for trade date Monday, June 26), to enhance the transparency of the markets, CME is scheduled to launch leg execution reports for CME Equity and CME FX spreads. CME Equity and CME FX spreads leg execution reports are currently available for testing in the CME certification environment. A short suite of optional tests for this functionality is available in the CME AutoCert tool. More information and documentation is available online. The Summer 2006 CME Equity and CME FX Enhancements Client Impact Assessment and the Summer 2006 CME Equity and CME FX Enhancements CME AutoCert Guide are also available. Reminder: CME Market Data API Elimination As previously announced, CME is eliminating CME Market Data API (MD API), the legacy market data vehicle, on July 1, 2006. All CME MD API customers must complete the migration to the CME Market Data Platform before July 1. More information on the CME MD API cut-off and the CME Market Data Platform is available online. Reminder: Mass Quote Message Change Effective Sunday, July 9, 2006 (for trade date Monday, July 10), to simplify and improve processing, CME is reducing the maximum number of quotes a market maker can submit in a single Mass Quote message to 100. Currently, market makers can submit a maximum of 195 quotes in a single Mass Quote message. This change to the Mass Quote message are currently available for testing in the CME certification environment. More information on this change is available online. Reminder: Covered CME Eurodollar Options: User-Defined Spreads Phase I On Sunday, July 9, 2006 (for trade date Monday, July 10), CME is scheduled to launch Covered CME Eurodollar options on futures (Covereds). Covereds are the first phase of the CME User-Defined Spreads (UDS) initiative, and the model for future UDS functionality. With this launch, CME is introducing three new order entry messages and one new Security Definition (MU) market data message, for creating Covereds. This release will impact: All customers interested in trading Covereds; and, All customers receiving CME Interest Rate options market data on channel 10 of the CME Market Data Platform. All impacted customers are required to complete a manual certification. Covereds are currently available in the CME certification environment. More information on Covereds is available online and in the User-Defined Spreads for CME Eurodollar Options: Covereds Client Impact Assessment. Reminder: Ex-Pit Transaction Functionality On Sunday, July 9, 2006 (for trade date Monday, July 10), to facilitate market transparency, CME is scheduled to launch Ex-Pit transaction functionality on the CME Globex platform. All customers interested in Ex-Pit transactions are required to complete a quick certification on the CME AutoCert tool. Ex-Pit transaction functionality is currently available in the CME certification environment. More information on Ex-Pit transactions functionality is available online and in the Ex-Pit Transactions Client Impact Assessment. ©2006 Chicago Mercantile Exchange Inc (CME). All rights reserved. The Globe Logo, Globex®, E-mini®, iLink® and CME® are trademarks of CME