GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: July 31, 2006
Notice Date | 2006-08-03
Notice Number | 080306
Effective Date |
Welcome to the CME Globex Notices summary for the week of July 31, 2006. This Week NYMEX Products Mock Trading Session Reminder: NYMEX ACCESS Products on the CME Globex Platform Update: NYMEX Trading Schedule on the CME Globex Platform Reminder: NYMEX TAS Futures on the CME Globex Platform August Reminder: CME Chinese Renminbi Launch September NYMEX Physically Settled Products Launch on CME Globex for Side-by-Side Trading Reminder: CME Market Data API Elimination Reminder: CME Korean Won 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. NYMEX Products Mock Trading Session To support the August 6 NYMEX products launch on the CME Globex platform, CME is hosting a mock trading session this Saturday, August 5, 9 - 10:00 a.m. CT, including both scripted and unscripted testing. More information on this mock trading session is available online in the August 5 Mock Trading Session Plan and August 5 Mock Trading Session Script. Reminder: NYMEX ACCESS Products on the CME Globex Platform Effective Sunday, August 6, 2006 (for trade date Monday, August 7), the following physically settled NYMEX ACCESS® products will be available for trading on the CME Globex platform:
Crude Oil futures Heating Oil futures RBOB Gasoline futures Gasoline futures Natural Gas futures | Propane Gas futures Palladium futures Platinum futures NYMEX miNY Palladium NYMEX miNY Platinum
Please note: these NYMEX ACCESS products will trade on the CME Globex platform during electronic trading hours only. These hours are different than those available on the NYMEX ACCESS platform. In addition, the CME Globex platform is scheduled to launch a number of futures strips and intercommodity spreads on NYMEX futures. CME is also listing out all currently-available NYMEX miNYTM futures to match the underlying full-sized contracts. These new products are currently available in the CME certification environment for customer testing. More information, with trading schedule details and a complete list of available futures and spreads, is included in the NYMEX Energy Futures on the CME Globex Platform Client Impact Assessment. Update: NYMEX Trading Schedule on the CME Globex Platform With the August 6 launch of NYMEX products previously available on NYMEX ACCESS, these markets will close twice daily Monday through Friday, each morning and afternoon. Resting orders will be eliminated at both the morning and afternoon closes. The detailed trading schedule for each market is outlined below.
Product | Market State
Pre-Open | Open | Close | Pre-Open | Open | Close
Crude Oil | 4:50 p.m. | 5:00 p.m. | 8:50 a.m. | 1:45 p.m. | 2:15 p.m. | 4:15 p.m.
Heating Oil | 4:50 p.m. | 5:00 p.m. | 8:50 a.m. | 1:45 p.m. | 2:15 p.m. | 4:15 p.m.
Gasoline | 4:50 p.m. | 5:00 p.m. | 8:50 a.m. | 1:45 p.m. | 2:15 p.m. | 4:15 p.m.
RBOB Gasoline | 4:50 p.m. | 5:00 p.m. | 8:50 a.m. | 1:45 p.m. | 2:15 p.m. | 4:15 p.m.
Natural Gas | 4:50 p.m. | 5:00 p.m. | 8:50 a.m. | 1:45 p.m. | 2:15 p.m. | 4:15 p.m.
Propane Gas | 4:50 p.m. | 5:00 p.m. | 8:00 a.m. | 12:15 p.m. | 12:45 p.m. | 4:15 p.m.
Palladium | 4:50 p.m. | 5:00 p.m. | 7:00 a.m. | 1:30 p.m. | 2:00 p.m. | 4:15 p.m.
Platinum | 4:50 p.m. | 5:00 p.m. | 7:00 a.m. | 1:30 p.m. | 2:00 p.m. | 4:15 p.m.
The new NYMEX miNY Palladium and miNY Platinum will follow the normal NYMEX miNY trading schedule on the CME Globex Platform. Reminder: NYMEX TAS Futures on the CME Globex Platform With the August 6 NYMEX launch, the CME Globex platform will also list new NYMEX Energy Trades At Settlement (TAS) futures. TAS futures can be traded at any time during the day, and that day's settlement price will be applied in clearing at NYMEX. GTC, GTD and Stop orders are not supported on TAS products. These products are currently available in the CME certification environment for customer testing. More information on NYMEX TAS futures is available in the NYMEX Energy Futures on the CME Globex Platform Client Impact Assessment. Reminder: CME Chinese Renminbi Launch Effective Sunday, August 27, 2006 (for trade date Monday, August 28), the CME Chinese Renminbi futures and options on futures are scheduled to launch on the CME Globex electronic trading platform. In recognition of the growing importance of China as a world financial center, and to expand the opportunities available in the CME FX marketplace, CME has developed three Chinese renminbi-based contracts: renminbi/U.S. dollar, renminbi/euro, and renminbi/Japanese yen futures and options. The CME Chinese Renminbi futures and options will be available for customer testing in the CME certification environment Monday, August 14. NYMEX Physically Settled Products Launch on CME Globex for Side-by-Side Trading Effective Tuesday, September 5, the following NYMEX Energy physically setted products will be available on the CME Globex platform for side-by-side trading during regular open outcry trading hours. The electronically traded NYMEX Energy contracts will be fully fungible with the floor-traded contracts.
Crude Oil futures Heating Oil futures RBOB Gasoline futures Gasoline futures Natural Gas futures |
Reminder: CME Market Data API Elimination As announced in Q4 2005, the legacy CME Market Data API (MD API) will be decommissioned in favor of the CME Market Data Platform, the more efficient and scalable market data dissemination system introduced in July 2005. CME MD API can no longer be supported due to the growth in market data and the resulting need to reduce both bandwidth consumption and message delivery latencies. CME has postponed the elimination of CME MD API for two months, from the original date of Saturday, July 1, 2006, to Friday, September 8. Customers who have not migrated to the CME Market Data Platform as of September 8 will be charged $1000.00 per week, per CME MD API neighbor (individual technical connection). This support fee is required to offset maintenance costs incurred by CME to sustain the legacy interface infrastructure. CME reserves the right to escalate charges if necessary. Reminder: CME Korean Won Launch Effective Sunday, September 17, 2006 (for trade date Monday, September 18), the CME Korean Won futures and options on futures are scheduled to launch on the CME Globex electronic trading platform. The CME Korean Won futures and options are designed to provide risk management tools for the U.S. dollar/Korean won currency pair. The CME Korean Won futures and options will be available for customer testing in the CME certification environment Monday, September 4. ©2006 Chicago Mercantile Exchange Inc (CME). All rights reserved. The Globe Logo, Globex®, E-mini®, iLink® and CME® are trademarks of CME