GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: December 17, 2007
Notice Date | 2007-12-17
Notice Number | 121707
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of December 17, 2007. Critical System Updates Important CBOT Integration Update - Mock Trading This Saturday! FIX/FAST Channel Definitions - January 2008 Changes to Instrument Creation (MO) Replay Channels - March 30 New Functionality Volatility-Quoted Options Launch - February 2008 Product Changes CME Globex Trading Hours for Dow Jones Equity Index Products - January 13 Russian Ruble Futures Extended - January 20 Events and Announcements New CBOT Mock Trading Session - This Saturday! 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 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. To allow additional testing time, we are adding another mock trading session this Saturday, December 22. The schedule will follow the same approach as last Saturday's session: 8:30 a.m. CT: Customer login to CME Globex Instrument Creation (MO) messages available for download 9 - 10 a.m. CT: Scripted testing End-to-end testing through Clearing 10 - 11 a.m. CT: Unscripted testing Front-end testing only CME Group injects CBOT futures orders into markets Please note the following key details: CME Group strongly recommends customers test any new iLink IDs in production before the Saturday mock trading session. In previous mock trading sessions, some QuickFIX users were unable to trade due to a QuickFIX configuration issue. Please ensure that your application is configured to permit Saturday trading. CME Group has extended the cut-off date for issuing new iLink IDs to Thursday, December 20, from the originally announced December 15. No new iLink IDs will be issued between December 20 and January 14.† During this Saturday's session, the e-cbot simulation environment will not be available. † Any exceptions to the iLink ID freeze must have CME Group senior management approval. The updated CBOT Mock Trading Plan is available online. The Client Impact Assessment for the CBOT & Hosted Exchange launch on CME Globex is also available. All documentation for this migration to the CME Globex electronic trading platform is available on the CME Group Web site.
CBOT & Hosted Exchange Launch Schedule
Mock Trading Sessions | December 1 - Complete
December 15 - Complete
December 22 - Just Added!
January 5, 2008
January 12, 2008
January 26, 2008
Commodities, Dow & Hosted Exchanges Product Launch | January 13, 2008
Interest Rate Product Launch | January 27, 2008
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 certify for Cabinet pricing in New Release via the AutoCert+ tool. FIX/FAST Channel Definitions As previously announced, the FIX/FAST channel definition tables in PDF format will be available until January 2008. After January 2008, the Market Data Configuration Service will be the only source for channel definitions. The Market Data Configuration Service is designed to ease the recommended procedure of verifying templates and channel configuration each week at Sunday start-up. The Market Data Configuration Service is currently available and allows customers to receive an XML file from an FTP site with all the Market Data Platform channel information (multicast IP, product group and ISIN served) for FIX/FAST. More information on the Market Data Configuration Service is available in the Core Functionality module of the FIX/FAST SDK, Section 2.1.2.2. Please note: there is no change for the RLC and ITC2.1 format market data channel definition tables. 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 will be decommissioned in New Release effective Sunday, March 2. 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 for Certification and New Release at www.cme.com/certsdk, and for production at www.cme.com/prodsdk. New Functionality Volatility-Quoted Options Launch In February 2008, CME Group is launching volatility-quoted options on six FX options products: EuroFX, British pound, Japanese yen, Canadian dollar, Swiss franc and Australian dollar. Volatility-quoted options support delta-neutral trading, which virtually eliminates the execution risk inherent to trading premium price options. The volatility-quoted options will utilize the existing FX options and futures products. All of the volatility-quoted options suite, including all maturities in the American- and European-style, and Straddle, Strangle and Vertical strategies, are currently available in the New Release environment for customer testing. Effective Monday, December 24, customers can start certifying on the new volatility-quoted options in New Release via AutoCert+. This brief certification is mandatory for all systems that will provide trading access to these options. More information on these new products and the associated messaging and functionality enhancements is available in the Volatility-Quoted Options Client Impact Assessment. Product Changes CME Globex Trading Hours for Dow Jones Equity Index Products When the legacy CBOT Dow Jones Index contracts launch on the CME Globex platform, scheduled for Sunday, January 13, 2008 (trade date Monday, January 14), the trading hours will be harmonized with the other CME Group equity futures and options.
Product | Current Trading Hours | New Trading Hours
Floor Hours | e-cbot Hours | Floor Hours | CME Globex Hours
E-mini Dow ($5) Futures and Options | n/a | 6:15 p.m. to 4:00 p.m. next day | n/a | Mon-Thu: 3:30 p.m. to 3:15 p.m. next day; maintenance window 4:30 to 5:00 p.m. Sun & Holidays: 5:00 p.m. to 3:15 p.m. next day
BIG Dow ($25) Futures
Dow Jones US Real Estate Futures
Dow ($10) Futures and Options | 7:20 a.m. to 3:15 p.m. | 6:15 p.m. to 7:00 a.m. next day | 8:30 a.m. to 3:15 p.m. | Mon-Thu: 3:30 p.m. to 8:15 a.m. next day; maintenance window 4:30 to 5:00 p.m. Sun & Holidays: 5:00 p.m. to 8:15 a.m. next day
Russian Ruble Futures Extended Effective Sunday, January 20, 2008 (trade date Monday, January 21), the listed Russian Ruble futures will be extended out four additional years on the CME Globex platform. The number of listed contracts will be extended to a total of 20 March quarterly cycle futures, from the currently available four. These additional futures will be available for customer testing in Certification and New Release on Monday, January 7. © Copyright 2007 CME Group All rights reserved. The Globe Logo, Globex®, E-mini®, iLink®, Globex Trader®, Galax-C®, TRKRS®, EOS Trader TM , CME$INDEX® and CME® are trademarks of CME Group.