GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: February 12, 2007
Notice Date | 2007-02-12
Notice Number | 021207
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of February 12, 2007. February CME EuroYen Outright Options Cabinet Prices Presidents' Day Holiday Schedule Certification Environment Maintenance Extended NYMEX TAS Listings Reminder: NYMEX Products on the CME Market Data Platform March NYMEX Catastrophic Risk Index Futures Launch on CME Globex NYMEX Softs TAS Launch on CME Globex Reminder: Daylight Saving Time Reminder: Enhanced Execution Reports and UDS: Combos 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. CME EuroYen Outright Options Cabinet Prices CME Euroyen outright standard and one-year mid-curve options executed at a displayed trade price of 0 (zero) on the CME Globex platform are considered a trade at Cabinet. CME Euroyen futures and options spreads executed at a trade price of 0 (zero) are considered a trade at a 0 (zero) differential and leg prices are assigned accordingly. These do not represent a trade at Cabinet. The CME Clearing House disseminates information on these trades with the true Cabinet value. CME will implement order entry price display at actual Cabinet price for CME Euroyen options in a later release. Presidents' Day Holiday Schedule The CME Globex Presidents' Day Holiday Schedule, for Monday, February 19, is now available online. Certification Environment Maintenance To prepare for the upcoming UDS: Combos launch in the certification environment, the certification environment will be unavailable 8:00 a.m. to 5:00 p.m. Central time (CT) Tuesday, February 20. Options on futures will be unavailable in the certification environment until 8:00 p.m. CT. Extended NYMEX TAS Listings Effective Sunday, February 25, 2007 (for trade date Monday, February 26), one additional contract for the following NYMEX TAS will be launched on the CME Globex platform.
Extended NYMEX TAS Listings
Product | Instrument Group Code | Product Code | Currently Listed Contracts | New Listed Contracts
NYMEX Energy TAS Futures - on Financially Settled Products
Crude Oil future TAS | WT | WST | 2 | 3
RBOB Gasoline future TAS | WT | RTT | 2 | 3
Heating Oil future TAS | WT | BHT | 2 | 3
Natural Gas Last Day future TAS | WT | HHT | 2 | 3
Natural Gas Penultimate future TAS | WT | HPT | 2 | 3
Brent Financial future TAS | WT | BBT | 2 | 3
NYMEX Energy TAS Futures - on Physically Settled Products
Crude Oil TAS | CT | CLT | 2 | 3
Natural Gas TAS | CT | NGT | 2 | 3
RBOB TAS | CT | RBT | 2 | 3
Heating Oil TAS | CT | HOT | 2 | 3
Russian Export Blend Crude Oil (REBCO) TAS | CT | RET | 2 | 3
NYMEX iPort TAS Futures - on Financially Settled Products
3-2-1 Plus TAS | WT | WXT | 2 | 3
More information on NYMEX and COMEX products on the CME Globex platform is available at www.nymexoncmeglobex.com. Reminder: NYMEX Products on the CME Market Data Platform Since the introduction of NYMEX futures and spreads on the CME Globex platform, market data messaging rates on the CME Market Data Platform NYMEX channel (20) have steadily increased, recently reaching peaks greater than 3 mbps. To better manage bandwidth utilization, CME is leveraging the scalability of the CME Market Data Platform and introducing three new channels for NYMEX and COMEX ® products. There is no change to the current NYMEX channel (20) at this time; however, it will eventually be eliminated. Complete information on the three new NYMEX and COMEX channels on the CME Market Data Platform, including the products assigned to each channel, is available online. The new CME Market Data Platform channels are currently available in the certification environment, and will launch in the production environment Sunday, February 25. More information on NYMEX and COMEX products on the CME Globex platform is available at www.nymexoncmeglobex.com. NYMEX Catastrophic Risk Index Futures Launch on CME Globex Effective Sunday, March 4, 2007 (for trade date Monday, March 5), the following NYMEX Catastrophic Risk Index futures will launch on the CME Globex platform.
NYMEX Catastrophic Risk Index Futures
Product | Instrument Group Code | Product Code | MDP Channel | Contract Size | Contract Tick Size | Tick Value | CME Globex Tick Size | Listed
Catastrophic Risk Nationwide | WU | WU | 32 | 10 Index Points | 1.00 | $10.00 | 1 | 3
Catastrophic Risk Texas to Maine (excluding Florida) | WY | WY | 32 | 10 Index Points | 1.00 | $10.00 | 1 | 3
Catastrophic Risk Florida | WF | WF | 32 | 10 Index Points | 1.00 | $10.00 | 1 | 3
The need for protection against catastrophe risk is at a record high due to the combination of changing weather patterns, recent loss activity and the consequent change in industry peril modeling, rating agency criteria and solvency requirements. The NYMEX Property Damage Risk futures will allow real-time property risk management through a cleared futures exchange. The contracts will be financially settled against the Re-Ex Index by Gallagher Re, the specialist reinsurance intermediary and advisory firm. These NYMEX Property Damage Risk futures will be available for customer testing in the CME certification environment Monday, February 26, 2007. NYMEX Softs TAS Launch on CME Globex Effective Sunday, March 11 (for trade date Monday, March 12), the following NYMEX Softs TM TAS contracts will launch on the CME Globex platform.
NYMEX SOFTS TAS CONTRACTS
Product | Instrument Group Code | Product Code | MDP Channel | Contract Size | Contract Tick Size | Tick Value | CME Globex Tick Size | Listed
Cocoa TAS | C1 (C-one) | CJT | 32 | 10 metric tons | 1.00 | $10.00 | 1 | 3
Coffee TAS | KD | KTT | 32 | 37,500 pounds | 0.0005 | $18.75 | 5 | 3
Cotton TAS | TC | TTT | 32 | 50,000 pounds | 0.0001 | $5.00 | 1 | 3
FCOJ TAS | FA | FJT | 32 | 15,000 pounds | 0.0005 | $7.50 | 5 | 3
Sugar 11 TAS | YA | YOT | 32 | 112,000 pounds | 0.0001 | $11.20 | 1 | 3
Sugar 14 TAS | FD | FTT | 32 | 112,000 pounds | 0.0001 | $11.20 | 1 | 3
These NYMEX Softs TAS contracts will be available in the CME certification environment for customer testing Monday, February 26, 2007. Reminder: Daylight Saving Time Effective this year, the schedule for Daylight Saving Time has been extended by the Energy Policy Act of 2005. Daylight Saving Time will now be in effect from Sunday, March 11, 2007, through November 4, 2007. Previously, Daylight Saving Time ran from the first Sunday in April through the last Sunday in October. CME Globex will continue to observe Daylight Saving Time and the new schedule. Time-dependent front-end trading applications may be affected by this change. Please contact your front-end system provider for more information before March 11, 2007. Reminder: Enhanced Execution Reports and UDS: Combos The Enhanced Execution Reports and User-Defined Spreads (UDS): Combos release, scheduled to launch Sunday, March 25, 2007, introduces two sets of functional enhancements to the CME Globex platform. Enhanced Execution Reports With this release, Fill and Trade Cancellation messages will be enhanced for all products traded on the CME Globex platform with new FIX tags 442-MultiLegReportingType, 393-TotalNumSecurities and 527-SecondaryExecID. Customers will be able to use the enhanced Fill and Trade Cancellation messages to: Differentiate messages for outrights, legs and spreads Correlate leg and spread messages Identify the number of legs associated with a spread CME strongly recommends all customers test the enhanced execution reports prior to the production launch. Enhanced execution reports are currently available in the certification environment. UDS: Combos With UDS: Combos functionality, customers will be able to define and trade unique options instruments intra-day, composed of any or all of the following: Exchange-defined outright option(s) Exchange-defined option spread(s) Existing user-defined spreads Front-end trading applications interested in UDS: Combos functionality are required to certify via CME AutoCert+. This functionality will be available for testing and certification effective February 20, 2007. To access CME AutoCert+, please contact your CME Globex Account Manager at 312.634.8700. More information on this release is available in the UDS: Combos and Enhanced Execution Reports Client Impact Assessment . ©2007 Chicago Mercantile Exchange Inc (CME). All rights reserved. The Globe Logo, Globex®, E-mini®, iLink® Globex Trader® and CME® are trademarks of CME