GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: September 3, 2007
Notice Date | 2007-09-03
Notice Number | 090307
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of September 3, 2007. New Functionality FIX/FAST Launch - Q3 2007 Product Launches Wood Pulp Futures and Options Launch - This Week! Intercommodity Spread for Equity Futures - This Week! Update: Dairy Launch on CME Globex - September 16 Lehman Brothers U.S. Aggregate Index Futures Launch - September 30 Product Changes Housing Extension - September 16 FX Options Strategies Launch - September 30 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. New Functionality FIX/FAST Launch In Q3 2007, CME Group is scheduled to launch the new FIX/FAST SM market data format on the CME Globex platform. FIX/FAST drastically reduces end-to-end latency and improves bandwidth scalability. The new format is based on FIX SM and FAST SM protocols for increased efficiency. FIX provides the core message structure and syntax while the FAST protocol increases optimization. FIX/FAST is the basis of a new industry standard for market data. FIX/FAST is currently available for customer testing in the New Release environment. The FIX/FAST Software Development Kit, including Market Data Platform channel definitions and reference code, is available online at www.cme.com/fixfast. Please note: the TCP replay functionality will not be available in New Release with this launch. The TCP replay functionality launch will be announced in a later CME Globex Notice. Product Launches Wood Pulp Futures and Options Launch Effective this Sunday, September 9, 2007 (for trade date Monday, September 10), Northern Bleach Softwood Kraft Pulp Europe (Softwood Pulp) futures and options will launch on the CME Globex platform. Softwood Pulp options will be eligible for User-Defined Spreads (UDS) Combos and Covereds at launch.
Softwood Pulp on CME Globex
Product | Instrument Group Code | Product Code
Softwood Pulp Futures | WP | WP
Softwood Pulp Option Outrights | W0 (zero)
Softwood Pulp Options Spreads | W2
These Softwood Pulp instruments are currently available in the Certification environment for customer testing. Intercommodity Spread for Equity Futures Effective this Sunday, September 9, 2007 (for trade date Monday, September 10), a new intercommodity spread between the new E-mini S&P SmallCap 600 and the E-mini Russell 2000® futures will be available for trading on the CME Globex platform. The new spread, Strategy Type Code IR, is a 2:1 ratio spread and will not support implied functionality. The IR intercommodity spread is currently available in New Release for customer testing. Update: Dairy Launch on CME Globex Effective Sunday, September 16 (for trade date Monday, September 17), the following dairy commodity futures and options will launch on the CME Globex platform.
Dairy Future Outrights on CME Globex
Product | Instrument Group Code | Product Code
Non-Fat Dry Milk futures | DC | GNF
Class IV Milk futures | DC | GDK
Dairy Future Spreads on CME Globex
Product | Strategy Type Code | Instrument Group Code | Product Code
Non-Fat Dry Milk Calendar Spreads | SP | DC | GNF
Non-Fat Dry Milk 3-, 6- & 12-month Packs | FS | DC | GNF
Class IV Milk Calendar Spreads | SP | DC | GDK
Class IV Milk 3-, 6- & 12-month Packs | FS | DC | GDK
Dairy Option on Futures on CME Globex
Product | Instrument Group Code | Product Code
Non-Fat Dry Milk Options | N7 | GNF
Class IV Milk Options | D8 | GDK
Dry Whey Options | Y0 (zero) | DY
Cash-Settled Butter Options | C0 (zero) | CB
Class III Milk Options | A6 | DC
Dairy Options Spreads on CME Globex
Product | Strategy Type Code | Instrument Group Code | Product Code
Non-Fat Dry Milk Straddles | ST | N8 | GNF
Non-Fat Dry Milk Strangles | SG | N8 | GNF
Non-Fat Dry Milk Verticals | VT | N8 | GNF
Class IV Milk Straddles | ST | D9 | GDK
Class IV Milk Strangles | SG | D9 | GDK
Class IV Milk Verticals | VT | D9 | GDK
Dry Whey Straddles | ST | Y3 | DY
Dry Whey Strangles | SG | Y3 | DY
Dry Whey Verticals | VT | Y3 | DY
Cash-settled Butter Straddles | ST | C3 | CB
Cash-settled Butter Strangles | SG | C3 | CB
Cash-settled Butter Verticals | VT | C3 | CB
Class III Milk Straddles | ST | A9 | DC
Class III Milk Strangles | SG | A9 | DC
Class III Milk Verticals | VT | A9 | DC
These new futures and outright options are currently available for customer testing in the Certification environment. The options strategies will be available for customer testing in the Certification environment this Monday, September 10. Lehman Brothers U.S. Aggregate Index Futures Launch Effective Sunday, September 30, 2007 (for trade date Monday, October 1), futures on the Lehman Brothers U.S. Aggregate Index will launch on the CME Globex platform. Futures calendar spreads will also be available upon launch, using the new Strategy Type Code SD. The Strategy Type Code can be found at position 727-728 in the Instrument Creation (MO (m-oh)) RLC market data message. More information on the Strategy Type Code and MO messages is available in the RLC Message Specifications module of the Market Data Platform SDK. The Lehman Brothers U.S. Aggregate Index futures will represent the world's first exchange-traded contracts on a U.S. broad-based, fixed-income index. Lehman Brothers U.S. Aggregate Index futures provide traders and investors a new tool for: Asset allocation Passive indexation Portable alpha strategies Spreading against other exchange-traded products
Product | Instrument Group Code | Product Code | Listed Contracts
Lehman Brothers U.S. Aggregate Index futures | LB | LBA | 4 quarterlies
Product | Instrument Group Code | Product Code | Strategy Type Code | Listed Contracts
Lehman Brothers U.S. Aggregate Index calendar spreads | LB | LBAMY-LBA MY† | SD | 6 spreads
† MY = Month and year in normal CME Group terminology, e.g. U7 These new futures will be available for customer testing in the Certification environment Monday, September 17. Product Changes Housing Extension Effective Sunday, September 16, 2007 (for trade date Monday, September 17), CME Group is extending the listed Housing futures from the currently listed four quarterlies to a total of 60 months. This change will apply to all of the Housing futures on CME Globex, including the Composite Index and 10 U.S. cities. The currently listed spreads will also be extended out the full 60 months, including the intercommodity spreads.
Housing Futures Extension
Product | Current Listings | Extended Listings
Boston Chicago Denver Las Vegas Los Angeles Miami New York San Francisco San Diego Washington Composite Index | 4 quarterly futures in February cycle | First 18 months: 6 quarterly futures in February cycle Second 18 months: 7 biannual futures in May cycle Last two years: 2 annual futures in November cycle
The Chicago and Las Vegas futures and spreads will be available for customer testing in the Certification environment Monday, September 10. FX Options Strategies Launch Effective Sunday, September 30, 2007 (for trade date Monday, October 1), Horizontal and Risk Reversal option strategies on the following American-style FX options will be launched on the CME Globex platform. Euro FX options (product code 6E) Japanese Yen options (product code 6J) British Pound options (product code 6B) Swiss Franc options (product code 6S) Canadian Dollar options (product code 6C) Australian Dollar options (product code 6A) New Zealand Dollar options (product code 6N) Mexican Peso options (product code 6M) Russian Ruble options (product code 6R) These strategies will use the current Strategy Type Codes HO for Horizontals and RR for Risk Reversals. The Strategy Type Code can be found at position 727-728 in the Instrument Creation (MO (m-oh)) RLC market data message. More information on the Strategy Type Code and MO messages is available in the RLC Message Specifications module of the Market Data Platform SDK. These strategies will be available in the Certification environment for customer testing Monday, September 17. © Copyright 2007 CME Group All rights reserved. The Globe Logo, Globex®, E-mini®, iLink®, Globex Trader®, Galax-C®, and CME® are trademarks of CME Group. Unsubscribe | Manage Subscriptions | Trademarks & Disclaimers | CME Group Privacy Policy | Forward to a Friend %%Member_Busname%% %%Member_Addr%% %%Member_City%%, %%Member_State%% %%Member_PostalCode%% %%Member_Country%% 1-800-331-3332