GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: November 26, 2007
Notice Date | 2007-11-29
Notice Number | 112907
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of November 26, 2007. Critical System Updates ITC2.1 Market Data Platform Channel Changes Postponed! - December 8 CBOT and Hosted Exchange Products and Functionality Launch - January 2008 FIX/FAST Channel Definitions - January 2008 Changes to Instrument Creation (MO) Replay Channels - March 30 2008 New Functionality Volatility-Quoted Options Launch - February 2008 Product Changes S&P GSCI and S&P GSCI ER Market Data Change - This Week! Horizontal and Vertical Strategies for Wood Pulp Options - This Week! Events and Announcements Merger Mock Trading Session - December 1 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 ITC2.1 Market Data Platform Channel Changes Postponed In response to customer requests, the decommission of legacy ITC2.1 Market Data Platform channels 4, 5 and 6 for CME Globex market data, originally scheduled for December 1, has been postponed to December 8, 2007. Until December 8, the legacy ITC2.1 Market Data Platform channels will operate in parallel with the new ITC2.1 channels. The new channel schema, launched on Sunday, October 14, provides more granular and scalable ITC2.1-format market data. More information on this change and the new channels is available online. CBOT and Hosted Exchange Products and Functionality Launch Effective January 2008, the CBOT and Hosted Exchange functionality and products are scheduled to launch on the CME Globex electronic trading platform. Please note: all customers must have submitted their clearing mappings by end of day Tuesday, November 27, as a prerequisite for participating in the December 1 Mock Trading Session.
CBOT & Hosted Exchange Launch Schedule
Mock Trading Sessions | December 1
December 15
January 5, 2008
January 12, 2008
January 26, 2008
Commodities, Dow & Hosted Exchanges Product Launch | January 13, 2008
Interest Rate Product Launch | January 27, 2008
Metal products are not included in this launch. All CBOT-related functionality and CBOT and Hosted Exchange products, including futures, options, spreads and strategies, are currently available for testing in New Release. Customers can certify for Cabinet pricing in New Release via the AutoCert+ automated certification tool. The new functionality to support this launch includes Fractional and Cabinet pricing; matching algorithms; new spreads; and enhancements to the Instrument Creation (MO) and Security Definition (MU) market data messages. Complete information on the customer system impacts for this launch is available in the CBOT Client Impact Assessment. The Mock Trading Plan for the CBOT and Hosted Exchange products launch on CME Globex is available online. FIX/FAST Channel Definitions As previously announced, the FIX/FAST channel definition tables in PDF format will be available until January 2008. After January 2008, the Market Data Configuration Service will be the only source for channel definitions. The Market Data Configuration Service is designed to ease the recommended procedure of verifying templates and channel configuration each week at Sunday start-up. The Market Data Configuration Service is currently available and allows customers to receive an XML file from an FTP site with all the Market Data Platform channel information (multicast IP, product group and ISIN served) for FIX/FAST. More information on the Market Data Configuration Service is available in the Core Functionality module of the FIX/FAST SDK, Section 2.1.2.2. Please note: there is no change for the RLC and ITC2.1 format market data channel definition tables. Changes to Instrument Creation (MO) Replay Channels Effective Sunday, March 30, 2008, CME Group will decommission the Instrument Creation (MO) Replay channels 1 and 16 in the production and Certification environments. Channels 1 and 16 will be decommissioned in New Release effective Sunday, March 2. The new MO Replay channels on the Market Data Platform, introduced in November 2007, allow customers to listen only to the MO messages for which they receive market data. With these new channels, every product RLC data channel (e.g., channel 7, Equity futures; channel 8, Equity options, etc.) now has a dedicated MO Replay channel. 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 are currently available in New Release, Certification and production. The channel definition tables are available for Certification and New Release at www.cme.com/certsdk, and for production at www.cme.com/prodsdk. New Functionality Volatility-Quoted Options Launch In February 2008, CME Group is launching volatility-quoted options on six FX options products: EuroFX, British pound, Japanese yen, Canadian dollar, Swiss franc and Australian dollar. Volatility-quoted options support delta-neutral trading, which virtually eliminates the execution risk inherent to trading premium price options. The volatility-quoted options will utilize the existing FX options and futures products. The EuroFX volatility-quoted options suite, including all maturities in the American and European style and Straddle, Strangle and Vertical strategies, will be available in the New Release environment for customer testing this Monday, December 3. The remaining volatility-quoted options will be available Monday, December 17. More information on these new products and the associated messaging and functionality enhancements is available in the Volatility-Quoted Options Client Impact Assessment. Product Changes S&P GSCI and S&P GSCI ER Market Data Change Effective this Sunday, December 2, 2007, RLC-format market data for the S&P® GSCI™ (product code GD) and S&P GSCI Excess Return (product code GA) will be disseminated on channel 13 of the Market Data Platform. Currently, market data for these products is available on channel 7. This change will be effective in all environments (production, Certification and New Release) effective December 2. There is no impact on the ITC-format market data channels with this change. Horizontal and Vertical Strategies for Wood Pulp Options Effective this Sunday, December 2, 2007 (for trade date Monday, December 3), CME Group is launching Horizontal (Strategy Type Code: HO) and Vertical (Strategy Type Code: VT) strategies for Wood Pulp options on futures on the CME Globex electronic trading platform. These strategies are currently available for customer testing in New Release. © 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.