GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: August 20, 2007
Notice Date | 2007-08-20
Notice Number | 082007
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of August 20, 2007. Product Launches Weekly American-Style FX Options on CME Globex - This Week! Wood Pulp Futures and Options Launch - September 9 Intercommodity Spread for Equity Futures - September 9 Dairy Launch on CME Globex - September 9 Product Changes E-mini S&P SmallCap 600 Group Code Change - This Week! Events and Announcements Updated ATS Policy and FAQ 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. Product Launches Weekly American-Style FX Options on CME Globex Effective this Sunday, August 26, 2007 (for trade date Monday, August 27), the following Weekly American-style FX options on futures will launch on the CME Globex platform.
Weekly American-style FX Options on CME Globex
Weekly FX Options | Instrument Group Code | Product Code
Australian Dollar | ZA | 6A1-6A5
British Pound | XB | 6B1-6B5
Canadian Dollar | XD | 6C1-6C5
Euro FX | XT | 6E1-6E5
Japanese Yen | XJ | 6J1-6J5
Swiss Franc | XS | 6S1-6S5
Wood Pulp Futures and Options Launch Effective 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 will be available in the Certification environment for customer testing this Monday, August 27. Intercommodity Spread for Equity Futures Effective 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. Dairy Launch on CME Globex Effective Sunday, September 9 (for trade date Monday, September 10), 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 options will be available for customer testing in the Certification environment Monday, August 26. Product Changes E-mini S&P SmallCap 600 Group Code Change Effective this Sunday, August 26 (for trade date Monday, August 27), the Instrument Group Code for the E-mini S&P SmallCap 600 futures will change to ER. Currently the Instrument Group Code for the E-mini S&P SmallCap 600 futures is EP. This change will be effective in all customer environments - Production, Certification and New Release. The Instrument Group Code can be found in the Instrument Creation (MO) RLC market data message at position 70-71. New Instrument Group Codes may require front-end system or trading application changes. Please contact your system provider for more information. Events and Announcements Updated ATS Policy and FAQ The CME Group policy for Automated Trading Systems (ATS) identification and registration has been amended to set the procedures and policies for registering ATS operators when a team of people work together simultaneously to operate the ATS. All clearing firms must ensure that ATS workstation operator identifier (SenderSubID, FIX tag 50) values are properly and accurately registered when so required as set forth in the Advisory. Some ATS are now being managed by groups of individuals that simultaneously share operating and monitoring duties. Effective August 27, 2007, the Exchange Fee System ("EFS") will support the registration of these teams. While at this time the policy only applies to CME products, it is anticipated that the policy will be applied to CBOT products when those products migrate to the CME Globex platform. This advisory will discuss the circumstances under which Team ATS may be registered, and the procedures for doing so. The Regulatory Advisory, with more information on the new ATS policy and the updated ATS FAQ, is available online. © 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.