GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: March 17, 2008
Notice Date | 2008-03-17
Notice Number | 20080317
Effective Date | 1969-12-31
Topics in this issue include:
| Critical System Updates Changes to Instrument Creation (MO) Replay Channels - March 30
| Product Launches NYMEX Ethanol Futures - March 30 Nonfarm Payroll Futures and Options - April 27 Options on Frozen Pork Belly Futures - April 27
| Product Changes Side-by-Side Trading for Grain and Oilseed Options on Futures - April 13 Exchange-Defined Spreads for Commodity Options - April 13 NASDAQ-100 and E-mini NASDAQ-100 Options Strike Listing Changes - April 27
| Events and Announcements Good Friday Holiday Schedule - Tomorrow
Critical System Updates
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 have been decommissioned in New Release. 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 online for Certification and New Release, and for production.
Product Launches
NYMEX Ethanol Futures Effective Sunday, March 30 (trade date Monday, March 31), NYMEX Ethanol futures will be listed for trading on the CME Globex Gasoline futures (Strategy Type Code IS) will also be available. More details on these new NYMEX products is available from NYMEX Product Marketing at 212.299.2301. NYMEX Ethanol Futures & Spreads
Product | Instrument Group Code | Product Code | Strategy Type Code | MDP Channel | EIT Code
Ethanol Futures | CL | QEN |  | 30 | M
Ethanol Futures Calendar Spreads | QEN MY - QEN MY | SP
Ethanol vs RBOB Gasoline | QEN MY - RB MY | IS | G
These new instruments are currently available for customer testing in New Release. Options on Frozen Pork Belly Futures Effective Sunday, April 27 (trade date Monday, April 28), options on Frozen Pork Belly futures will be listed for trading on the CME Globex platform. These options will support User-Defined Spreads (UDS) functionality upon launch. Options on Frozen Pork Belly Futures
Product | Instrument Group Code | Product Code | MDP Channel
Frozen Pork Belly Options Outrights | 5P | GPB | 14
Frozen Pork Belly Options Spreads | 8P
These products will be available for customer testing in New Release and Certification Monday, April 14. Nonfarm Payroll Futures and Options Effective Sunday, April 27 (trade date Monday, April 28), CME Group is launching futures and options on the U.S. Bureau of Labor Statistics' (BLS) Nonfarm Payroll data exclusively on the CME Globex platform. These new products will allow customers to directly manage exposure to the government labor number and offset positions in the financial markets. Please note: these options are eligible for negative strike prices. Nonfarm Payroll Futures & Options
Product | Instrument Group Code | Product Code | MDP Channel
Nonfarm Payroll Futures | NP | NFP | 9
Nonfarm Payroll Options on Futures | 1F | NFP | 10
More information is available online. Nonfarm Payroll futures and options will be available for customer testing in Certification and New Release on Monday, April 14.
Product Changes
Side-by-side Trading for Grain and Oilseed Options Effective Sunday, April 13 (trade date Monday, April 14), the options on corn, wheat, soybeans, soybean meal, soybean oil, rough rice and oats futures will be available for electronic trading on CME Globex during the open outcry (RTH) trading hours. Currently, these contracts are only available on CME Globex during electronic trading hours (ETH), 6 p.m. to 6 a.m. Sunday through Friday. With this schedule change, these options will also be available on CME Globex 9:30 a.m. to 1:15 p.m. CT. More information is available online. Exchange-Defined Spreads for Commodity Options Effective Sunday, April 13 (trade date Monday, April 14), CME Group will list the following exchange-defined spreads for commodity options on the CME Globex platform. Commodity Options Spreads
Product | Instrument Group Code | Product Code | Strategy Type Code | MDP Channel
1x2 Ratio Strategies
Corn Options | CY | OZC | 12 | 112
Oats Options | O9 | OZO
Rough Rice Options | R6 | OZR
Soybean Options | PZ | OZS
Soybean Meal Options | MY | OZM
Soybean Oil Options | OZ | OZL
Wheat Options | WZ | OZW
Butterfly Strategies
Corn Options | CY | OZC | BO | 112
Oats Options | O9 | OZO
Rough Rice Options | R6 | OZR
Soybean Options | PZ | OZS
Soybean Meal Options | MY | OZM
Soybean Oil Options | OZ | OZL
Wheat Options | WZ | OZW
Horizontal Strategies
Corn Options | CY | OZC | HO | 112
Oats Options | O9 | OZO
Rough Rice Options | R6 | OZR
Soybean Options | PZ | OZS
Soybean Meal Options | MY | OZM
Soybean Oil Options | OZ | OZL
Wheat Options | WZ | OZW
Risk Reversal Strategies
Corn Options | CY | OZC | RR | 112
Oats Options | O9 | OZO
Rough Rice Options | R6 | OZR
Soybean Options | PZ | OZS
Soybean Meal Options | MY | OZM
Soybean Oil Options | OZ | OZL
Wheat Options | WZ | OZW
Straddle Strategies
Corn Options | CY | OZC | ST | 112
Oats Options | O9 | OZO
Rough Rice Options | R6 | OZR
Soybean Options | PZ | OZS
Soybean Meal Options | MY | OZM
Soybean Oil Options | OZ | OZL
Wheat Options | WZ | OZW
Strangle Strategies
Corn Options | CY | OZC | SG | 112
Oats Options | O9 | OZO
Rough Rice Options | R6 | OZR
Soybean Options | PZ | OZS
Soybean Meal Options | MY | OZM
Soybean Oil Options | OZ | OZL
Wheat Options | WZ | OZW
Vertical Strategies
Corn Options | CY | OZC | VT | 112
Oats Options | O9 | OZO
Rough Rice Options | R6 | OZR
Soybean Options | PZ | OZS
Soybean Meal Options | MY | OZM
Soybean Oil Options | OZ | OZL
Wheat Options | WZ | OZW
These new strategies will be available for customer testing in New Release Monday, March 31. NASDAQ-100 and E-mini NASDAQ-100 Options Strike Range Changes Effective Sunday, April 27 (trade date Monday, April 28), the strike listing ranges will change for the options on NASDAQ-100® and E-mini NASDAQ-100 futures. NASDAQ-100 & E-mini NASDAQ-100 Options Strikes
Product | Product Code | Strike Interval | Current Listings | New Listings
NASDAQ-100 Options | ND | 25 basis points | ATM ± 15% | ATM ± 30%
E-mini NASDAQ-100 Options | NQ | 25 basis points | ATM ± 15% | ATM ± 30%
These new strikes will be available for customer testing in New Release Monday, April 14.
Events & Announcements
Good Friday Holiday Schedule The CME Globex holiday schedule for tomorrow's Good Friday holiday is available online.