GLOBEX Advisory Notices
To | GLOBEX Customers
From | Chicago Mercantile Exchange
Subject | Tag 44 Reminder
Notice Date | 2003-12-16
Notice Number | 12-16
Effective Date |
Dear GLOBEX Customers, CME would like to remind its customers that the protection points in the new Market and Stop orders will be expanded from zero to .75* (Price Band Value) after the close of markets on Friday, January 30, 2004. (Price Band Values can be found at www.cme.com/files/bandingSER091003.pdf). Simultaneously, CME will introduce Tag 44 (Price) into iLink 1.0 Broker Accept messages for these new Market and Stop orders. In anticipation of these changes, Tag 44 for iLink 1.0 will be available in the Certification Environment beginning at 12:00 a.m. CT on Wednesday, December 17. CME requests that all iLink 1.0 customers test this functionality prior to the January 30 date. For more information on Market and Stop orders and the implementation of Tag 44 in iLink 1.0, please refer to the iLink 1.0 and 2.0 impact assessment documents which can be found at www.cme.com/globexenhancements or call your Technology Marketing Account Manager at 312 634-8700.