GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: June 12, 2006
Notice Date | 2006-06-15
Notice Number | 061506-7
Effective Date |
Welcome to the CME Globex Notices summary for the week of June 12, 2006. This Week Important Customer Market Data Alert Reminder: Mock Trading Session for Covered CME Eurodollar Options Additional Listings for Quarterly Options on CME FX June Reminder: CME Equity and CME FX Spreads: Leg Execution Reports CME Eurodollar Month versus Pack Spreads Additional Listing Reminder: CME Milk Class III Additional Listings July Reminder: CME Market Data API Elimination Reminder: CME Clearing and CME Globex Contra-Party Information Changes Reminder: Mass Quote Message Change Reminder: Covered CME Eurodollar Options: User-Defined Spreads Phase I Reminder: Ex-Pit Transaction Functionality CME Economic Derivatives: Core CPI Launch 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. Important Customer Market Data Alert This weekend, to better support customer trading, CME will complete internal configuration updates that will cause changes to certain existing ISIN codes. If your front-end system requires it, customers must purge their instrument databases for both the CME certification and production environments and re-populate using new Instrument Creation (MO (m-oh)) market data messages. Please contact your front-end system provider for more information. More information is available online. Reminder: 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 this 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 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. Additional Listings for Quarterly Options on CME FX Effective Sunday, June 18, 2006 (for trade date Monday, June 19, 2006), in response to customer demand, an additional American-style March quarterly cycle (March, June, September, December) contract month will be listed on the CME Globex platform for the CME Australian Dollar, CME British Pound, CME Canadian Dollar, CME Japanese Yen and CME Swiss Franc options on futures. Reminder: CME Equity and CME FX Spreads: Leg Execution Reports Effective Sunday, 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. CME Eurodollar Month versus Pack Spreads Additional Listing Effective Sunday, June 25, 2006 (for trade date Monday, June 26), the CME Globex platform will expand the current listings of CME Eurodollar Month versus Pack spreads, to include single contract expirations in the highly liquid first eight quarterly futures and the most commonly traded Packs. The new CME Eurodollar Month versus Pack spreads will be available for customer testing in the CME certification environment this Sunday, June 18. More information on this upcoming launch is available online. Reminder: CME Milk Class III Additional Listings Effective Monday, June 26, 2006, the full 24 contract months for CME Milk Class III futures will be launched on the CME Globex platform. Currently, only 12 months are listed electronically. The CME Milk Class III futures will trade side-by-side on the CME Globex platform and the trading floor, Monday through Friday, 9:40 a.m. to 1:10 p.m. Central time. Both the floor (product code "DA") and electronic (product code "DC") futures have identical contract specifications. These contracts will be available in the CME certification environment for customer testing this Monday, June 19. 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. 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. 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 and Covereds Manual Certification Guide. 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. The Ex-Pit CME iLink Certification Guide and CME Market Data Platform Certification Guide are available online. More information on Ex-Pit transactions functionality is available online and in the Ex-Pit Transactions Client Impact Assessment. CME Economic Derivatives: Core CPI Launch Effective Tuesday, July 18, 2006, Core Consumer Price Index (CPI), the new CME Economic Derivatives product, will be directly available to CME Globex users via CME iLink for the Wednesday, July 19 auction. With this launch, CME Globex customers will be able to trade this new CME Economic Derivatives product on the CME Globex platform via the CME iLink interface in addition to the Web interfaces. More information on this product launch is available online. ©2006 Chicago Mercantile Exchange Inc (CME). All rights reserved. The Globe Logo, Globex®, E-mini®, iLink® and CME® are trademarks of CME