GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: September 24, 2007
Notice Date | 2007-09-24
Notice Number | 092407
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of September 24, 2007. Critical System Updates Alphanumeric Firm IDs Launch - This Week ITC 2.1 Changes on the Market Data Platform - October 14 Introducing Alphanumeric Host Order Numbers (HON) - October Changes to Instrument Creation (MO) Replay Channels - November 18 CBOT and Hosted Exchange Products and Functionality Launch - January 2008 New Functionality Enhanced Strike and Trade Prices on CME Globex - This Week Product Launches NYMEX Ardour Global Index Futures - This Week Lehman Brothers U.S. Aggregate Index Futures - This Week COMEX Copper Options Launch on CME Globex - October 14 Commodity Excess Return Futures - October 14 E-mini MSCI Emerging Markets Futures Launch - October 21 Product Changes FX American-style Quarterly Options Extension - This Week FX Options Strategies Launch - This Week Futures Strips on NYMEX Uranium Launch - October 14 NYMEX Options Strategies on CME Globex - October 14 Events and Announcements Customer Forum in Singapore for CME-CBOT Merger - This Monday, October 1 Messaging Policy Q4 2007 Benchmarks - This Monday, October 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 Alphanumeric Firm IDs Launch As previously announced, CME Group is introducing three-byte alphanumeric Firm IDs effective this Sunday, September 30, 2007. Currently, all Firm IDs are three-byte numerical only. Starting September 30, new customers will be assigned three-byte alphanumeric IDs. The Firm ID is a sub-field of FIX tag 49, SenderCompID, and is required in iLink order entry messaging. Tag 49 is composed of the three-byte Session ID, three-byte Firm ID, and one-byte Fault Tolerance Indicator. More information on this enhancement to the Firm ID and tag 49, SenderCompID, is available in the Enhanced Trade and Settlement Prices Client Impact Assessment. More information on tag 49, SenderCompID, is available in the iLink Message Specifications module of the iLink SDK. The alphanumeric Firm ID 1P1 is currently available for customer testing in Certification. ITC 2.1 Changes on the Market Data Platform Effective Sunday, October 14, 2007, CME Group will implement changes to the current ITC 2.1 channel schema for CME Globex data on the Market Data Platform. The following channels will be added to the Market Data Platform to provide more granular and scalable ITC 2.1 format market data: Channel 200 - CME Globex Equity Futures Channel 201 - CME Globex Equity Options Channel 202 - CME Globex Interest Rate Futures Channel 203 - CME Globex Interest Rate Options Channel 204 - CME Globex FX Futures Channel 205 - CME Globex FX Options Channel 206 - CME Globex Commodity, Industrials and TRKRS Futures Channel 207 - CME Globex Commodity, Industrials and TRKRS Options These changes only impact the ITC 2.1 channels; there is no change to RLC-format channels. The current channels 4, 5 and 6 for CME Globex ITC 2.1 market data will be maintained in parallel with the new channels in production until December 1, 2007. Channel 4 - CME Globex Futures Channel 5 - CME Globex Options Channel 6 - CME Globex Spreads Please note: these ITC 2.1 channels, 4-6 and 200-207, disseminate Top of Book market data only. These new channels are currently available for customer testing in the New Release environment, and in Certification on October 16. The channel definitions for New Release are now available at www.cme.com/certsdk. Introducing Alphanumeric Host Order Numbers (HON) Effective September 15 in the New Release environment, CME Group introduced alphanumeric Host Order Numbers (HON) in FIX tag 37, OrderID, in all applicable iLink messaging. CME Group will force the following December 2007 futures to an alphanumeric HON in New Release: NYMEX Crude Oil - CLZ7 E-mini S&P 500 ® - ESZ7 Eurodollar - GEZ7 Euro FX - 6EZ7 Tag 37 is defined with a String format in the iLink Message Specifications module of the iLink Software Development Kit (SDK), so there is no field type change. Tag 37 is used to uniquely identify orders per contract, per trading session. Currently numeric only, tag 37 will use alphanumeric values to support the growth in trading and messaging volume. Alphanumeric values for tag 37 will be launched in production in October. Changes to Instrument Creation (MO) Replay Channels Effective Sunday, November 18, 2007, CME Group is introducing new Instrument Creation (MO) Replay channels on the Market Data Platform in production. With these new channels, every product RLC data channel (e.g., channel 7, Equity futures; channel 8, Equity options, etc.) will have a dedicated MO Replay channel so customers can listen only to the MO messages for which they receive market data. The current MO Replay channels (channel 1 and 16) will be maintained in parallel for at least eight weeks before those channels are decommissioned. 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 will be available in New Release for customer testing next Thursday, October 4. The new MO replay channels will not be available in Certification until Wednesday, November 21. The channel definitions for New Release are now available at www.cme.com/certsdk. 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. Commodities, Dow and Hosted Exchange futures and options are scheduled to launch January 13, 2008. Interest Rate futures and options are scheduled to launch January 27. Jade and 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 now 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. New Functionality Enhanced Strike and Trade Prices on CME Globex As previously announced, CME Group is launching support for 0 (zero) and negative strike prices for options, and negative trade and settlement prices for futures. With these enhancements, customers will be able to trade futures at negative trade prices, and options with negative strike prices. This launch will also introduce expanded strike prices up to six bytes long. The following test products are currently available in the Certification environment for customers to test this new functionality:
Enhanced Strike and Trade Prices Test Products
Product | Max Strike Price Length | Strike Prices | Trade Prices | Settlement Prices
Supports Zero | Supports Negative | Supports Zero | Supports Negative | Supports Zero | Supports Negative
Z5 options | 5b | X | X | X |  | X |
Z6 options | 6b | X | X | X |  | X |
Weekly Weather futures | —x < /td> | —x < /td> | —x < /td> | X | X | X | X
Effective this Sunday, September 30, 2007 (for trade date Monday, October 1), Weekly Weather futures on CME Globex will be eligible for 0 and negative trade and settlement prices. More information on these pricing enhancements is available in the Enhanced Trade and Settlement Prices Client Impact Assessment. Product Launches NYMEX Ardour Global Index Futures Launch Effective this Sunday, September 30, 2007 (for trade date Monday, October 1), the NYMEX Ardour Global Index futures will launch on the CME Globex electronic trading platform. Complete CME Globex product specifications are available in the NYMEX on CME Globex Snapshot. More information on Ardour Global Index futures is available from NYMEX Product Marketing at 212.299.2301. The Ardour Global Index futures are based on the Ardour Global SM (Extra Liquid) (Ardour-XL SM ) Index, a benchmark index for the global alternative energy industry. Lehman Brothers U.S. Aggregate Index Futures Launch Effective this 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. Z7 These new futures are currently available for customer testing in the Certification environment. COMEX Copper Options Launch on CME Globex Effective Sunday, October 14, 2007 (for trade date Monday, October 15), options on COMEX Copper futures will launch on the CME Globex electronic trading platform. Complete CME Globex product specifications will be available in the NYMEX & COMEX Options on CME Globex Snapshot. More information on Copper options is available from NYMEX Product Marketing at 212.299.2301. CME Group will host a mock trading session for NYMEX options strategies and COMEX Copper options on CME Globex Saturday, October 6. More information on the mock trading session will be available soon.
COMEX Copper Options
Product | Instrument Group Code | Product Code | MDP RLC Channel
Copper Options | 1U | HXE | 37
COMEX Copper options on the CME Globex platform will be available for customer testing in the Certification environment this Monday, October 1. Commodity Excess Return Futures Effective Sunday, October 14, 2007 (for trade date Monday, October 15), the following Commodity Excess Return futures (CERFs) will launch on the CME Globex platform. The CERFs are based on sub-indices drawn from the S&P® GSCI® Excess Return Index and are similar to the currently listed CERF-style futures based on the S&P GSCI ER Index.
Commodity Excess Return Futures
Product | Instrument Group Code | Product Code | Listed Contracts
S&P GS Energy ER | GA | GER | 1
S&P GS Non-Energy ER | GNE
S&P GS Natural Gas ER | GNG
S&P GS Industrial Metals ER | GIM
These CERFs will be available in the Certification environment for customer testing this Monday, October 1. E-mini MSCI Emerging Markets Futures Launch Effective Sunday, October 21 (for trade date Monday, October 22), E-mini MSCI Emerging Markets futures will launch on the CME Globex platform. Based on the MSCI Emerging Markets Index, these new futures allow customers to quickly and efficiently manage exposure to the active global emerging markets segment. The E-mini MSCI Emerging Markets futures are a powerful tool for capturing the opportunities presented by developing economies, based on the leading emerging markets benchmark index.
Product | Instrument Group Code | Product Code | Listed Contracts
E-mini MSCI Emerging Markets Futures | EF | EMI | 2 quarterlies
Product | Instrument Group Code | Product Code | Strategy Type Code | Listed Contracts
E-mini MSCI Emerging Markets calendar spreads | EF | EMIMY-EMI MY† | EQ | 1 spread
† MY = Month and year in normal CME Group terminology, e.g. Z7 The E-mini MSCI Emerging Markets futures will be available in New Release environment for customer testing Tuesday, October 9. Product Changes FX American-style Quarterly Options Extension Effective this Sunday, September 30 (for trade date Monday, October 1), the following American-style FX options on futures will be extended:
FX American-style Options Extension
FX Product | CME Globex Product Code | Currently Listed | Extended Listings
Serials | Quarterlies | Serials | Quarterlies
Australian Dollar | 6A | Two | Two | Two | Four
New Zealand Dollar | 6N | One
British Pound | 6B | Two
Canadian Dollar | 6C
Euro FX | 6E
Japanese Yen | 6J
Swiss Franc | 6S
These extended listings are currently available for customer testing in the New Release environment. FX Options Strategies Launch Effective this 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. The RR and HO strategies are currently available in the New Release environment for customer testing. Futures Strips on NYMEX Uranium Launch Effective Sunday, October 14 (for trade date Monday, October 15), strips on the NYMEX Uranium futures will be launched on the CME Globex platform. These new strips will use the Strategy Type Code FS. Complete CME Globex product specifications are available in the NYMEX on CME Globex Snapshot. 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 new Uranium strips will be available in the Certification environment for customer testing this Monday, October 1. NYMEX Options Strategies on CME Globex Effective Sunday, October 14 (for trade date Monday, October 15), the following strategies on NYMEX options will be launched on the CME Globex platform. Complete CME Globex product specifications are available at NYMEX on CME Globex Web site. With this launch, full User-Defined Spreads (UDS) functionality, including Combos and Covereds, will be supported for these NYMEX options. More information on UDS functionality is available in the Options modules of the iLink SDK and Market Data Platform SDK. CME Group will host a mock trading session for NYMEX options strategies and COMEX Copper options on CME Globex Saturday, October 6. More information on the mock trading session will be available soon.
NYMEX Options Strategies
Product | Instrument Group Code | Product Code | Strategy Type Code | MDP RLC Channel
Crude Oil Options Straddles | 1N | LO | ST | 35
Crude Oil Options Strangles | SG
Crude Oil Options Verticals | VT
Crude Oil Options Butterflies | BO
Gold Options Straddles | 1Y | OG | ST | 37
Gold Options Strangles | SG
Gold Options Verticals | VT
Gold Options Butterflies | BO
Natural Gas Options Straddles | 1T | ON | ST | 36
Natural Gas Options Strangles | SG
Natural Gas Options Verticals | VT
Natural Gas Options Butterflies | BO
Silver Options Straddles | S1 | SO | ST | 37
Silver Options Strangles | SG
Silver Options Verticals | VT
Silver Options Butterflies | BO
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 new strategies will be available in the Certification environment for customer testing this Monday, October 1. Events and Announcements Learn about the transition of CBOT trading on CME Globex FCMs, IBs, proprietary trading groups, ISVs and market data distributors - Register today for the CME Electronic Trading Customer Forum in Singapore. The CME Electronic Trading Customer Forums are designed to bring CME Group and its customers together. The forum will focus on electronic trading readiness for the CBOT-CME merger. By attending, you will learn how to be prepared for the migration of CBOT products onto CME Globex. These events are free and attendance is limited to CME Group customers. The forum will cover:
CME Globex Access Customer System Impacts Functionality Enhancements | Connectivity and the Certification Environments Market Operations Transition Process
Singapore Monday, October 1 5:00 p.m. Registration 5:30 p.m. Presentation Raffles Hotel East India Room 1 Beach Road Singapore 189673
CLICK HERE to register. Messaging Policy Q4 2007 Benchmarks The Q4 2007 Messaging Policy benchmarks will be available online Monday, October 1. The benchmarks are published quarterly and are based on the per-product Volume Ratios, including the prior quarter's roll trading. © 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. 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