GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: April 2, 2007
Notice Date | 2007-04-02
Notice Number | 040207
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of April 2, 2007. Reminder: Enhanced Execution Reports Issue CME Electronic Trading Customer Forums This Week Reminder: CME Globex Good Friday Holiday Schedule April Reminder: NYMEX Crude Oil and Heating Oil Futures Extended Listings Update: CME Weekly Average Temperature Futures Launch CME E-mini S&P 500 Futures Maximum Order Quantity Increase May CME Credit Index Event Futures Launch Update: Extended Listings for CME Lean Hog and Live Cattle Intercommodity Spreads Reminder: NYMEX Products on the CME Market Data Platform CME E-mini FTSE/Xinua China 25 Index Futures Launch If you have any questions or concerns, please contact your CME Globex Account Manager at 312.634.8700; or at +44.20.7796.7100 in Europe. Reminder: Enhanced Execution Reports Issue CME has become aware of an issue with the new Enhanced Execution Reports, launched March 25, 2007. Customers using a front-end trading application that leverages the new FIX tag 393 TotalNumSecurities and tag 442 - MultiLegReportingType, in Fill and Trade Cancellation Notices, will receive inaccurate fill information for implied spread orders when one or more legs are matched in an Implied Out market. In this scenario, customers will receive execution reports for the spread and associated legs where tags 393 and/or 442 indicate one or more legs have not been filled, although they have been. CME recommends that customers disable this functionality or revert to prior software versions that ignore these two tags until CME has resolved this issue. CME will send a customer notice as soon as the tags are corrected. Please contact CME Globex Account Management with any questions or concerns at 312.634.8700; or in Europe at 44.20.7796.7100. More information on the new FIX tags 393 and 442, and the Enhanced Execution Reports, is available online. Learn the latest in electronic trading on CME Globex FCMs, IBs, proprietary trading groups, ISVs and market data distributors - Register today for the CME Electronic Trading Customer Forum. The CME Electronic Trading Customer Forums are designed to bring CME and its customers together. You will receive updates and information regarding CME Globex platform changes, electronic trading policies and new offerings in the next 6-12 months. These events are free and attendance is limited to CME customers. The forum will cover:
CBOT-CME proposed merger update Product updates NYMEX product updates and the CME Messaging Policy Enhanced Execution Reports User-Defined Spreads: Combos | New market data format: FIX/FAST New offering: Drop copy New offering: Cancel on disconnect New certification environments and AutoCert+ tool
Chicago Tuesday, April 10, 2007 3:30 p.m. Registration 4:00 p.m. Presentation Reception to follow CME CME Auditorium 20 S Wacker Dr Chicago, IL |  | London Thursday, April 19, 2007 15:30 Registration 16:00 Presentation Reception to follow The Old Library Lloyd's One Lime Street London EC3M 7HA
A customer forum will be held in Singapore at a later date. CLICK HERE to register. Reminder: CME Globex Good Friday Holiday Schedule The CME Globex Good Friday holiday schedule is now available online. Reminder: NYMEX Crude Oil and Heating Oil Futures Extended Listings Effective Sunday, April 15, 2007 (for trade date Monday, April 16), the following NYMEX products on CME Globex will be extended:
Extended Listings for NYMEX on CME Globex Products
Product | Instrument Group Code | Product Code | Currently Listed Months | New Listed Months | Implied Months
Physically Settled Crude Oil Futures | CL | CL | 72 | 78 | 24
Physically Settled Heating Oil | CL | HO | 18 | 36 | 24
With this launch, all currently listed calendar, strips and intercommodity spreads for both the physically settled Crude Oil and Heating Oil will be available for the full listing ranges. These extended contract months are currently available for customer testing in the certification environment. Update: CME Weekly Average Temperature Futures Launch Effective Sunday, April 15, 2007, and Sunday, April 29, the new CME Weekly Average Temperature futures are launching on the CME Globex platform. These CME Weekly Average Temperature products enable market participants to hedge short-term intra-monthly weather risk. CME Weekly Average Temperature contracts will list two weekly contracts (Monday through Friday), and will be settled the following business day.
CME Weekly Average Temperature Futures on CME Globex
Listing City | Instrument Group Code | Product Code | Listed Weeks
Sunday, April 15, 2007 Launch
Atlanta | H0 (zero) | H11-H15 | 2
Boston | H0 | HW1-HW5 | 2
Chicago | H0 | H21-H25 | 2
Cincinnati | H0 | H31-H35 | 2
Dallas-Fort Worth | H0 | H51-H55 | 2
New York City | H0 | H41-H45 | 2
Sunday, April 29, 2007 Launch
Baltimore/Washington | H0 | HV1-HV5 | 2
Des Moines | H0 | H91-H95 | 2
Detroit | H0 | HK1-HK5 | 2
Houston | H0 | HR1-HR5 | 2
Kansas City | H0 | KX1-KX5 | 2
Las Vegas | H0 | H01-H05 | 2
Minneapolis - St. Paul | H0 | HQ1-HQ5 | 2
Philadelphia | H0 | H61-H65 | 2
Portland | H0 | H71-H75 | 2
Sacramento | H0 | KS1-KS5 | 2
Salt Lake City | H0 | HA1-HA5 | 2
Tucson | H0 | H81-H85 | 2
The CME Weekly Average Temperature futures scheduled to launch on April 15 will be available in the certification environments this Monday, April 9. The CME Weekly Average Temperature futures scheduled to launch on April 15 will be available in the certification environment Monday, April 16. CME E-mini S&P 500 Futures Maximum Order Quantity Increase Effective Sunday, April 22 (for trade date Monday, April 23), at customers' request, CME is increasing the Maximum Order Quantity limit for CME E-mini S&P 500 ® futures from the current 1,500 to 2,000. This Maximum Order Quantity change applies only to outrights; there is no change to the Maximum Order Quantity for spreads. CME Credit Index Event Futures Launch Effective Sunday, May 6 (for trade date Monday, May 7), CME Credit Index Event futures will launch on the CME Globex platform. The CME Credit Index Event futures merge the benefits of over-the-counter (OTC) credit default swaps with the advantages of exchange-traded derivatives. These new CME contracts represent the first exchange-traded, centrally cleared and guaranteed product available to the credit derivatives market. CME Credit Index Event contracts are expected to provide a transparent and liquid means of writing protection on and acquiring protection against a number of defined corporate credit events, including bankruptcy and failure to pay. They will trade exclusively on the CME Globex electronic trading platform. CME Credit Index Event futures will be available in the New Release Certification and Certification environments for customer testing Monday, April 23. Update: Extended Listings for CME Lean Hog and Live Cattle Intercommodity Spreads Effective Sunday, May 6, 2007 (for trade date Monday, May 7), CME is extending the listings for intercommodity spreads on the CME Lean Hog and CME Live Cattle futures. These spreads use the Strategy Type Code IS. The complete list of intercommodity spreads available for trading upon launch is online. These extended intercommodity spreads will be available for customer testing in the CME certification environment Monday, April 23. Reminder: NYMEX Products on the CME Market Data Platform Effective Sunday, May 6, 2007, CME is decommissioning the legacy NYMEX market data channel (20) on the CME Market Data Platform. Since the introduction of NYMEX futures and spreads on the CME Globex platform, market data messaging rates on the CME Market Data Platform NYMEX channel (20) have steadily increased, recently reaching peaks greater than 3 mbps. To better manage bandwidth utilization, CME leveraged the scalability of the CME Market Data Platform and introduced three new channels for NYMEX and COMEX ® products. Complete information on the three new NYMEX and COMEX channels on the CME Market Data Platform, including the products assigned to each channel, is available online. More information on NYMEX and COMEX products on the CME Globex platform is available at www.nymexoncmeglobex.com. CME E-mini FTSE/Xinua China 25 Index Futures Launch Effective Sunday, May 20 (for trade date Monday, May 21), the CME E-mini FTSE ®/Xinhua ® China 25 Index futures on the CME Globex platform. The CME E-mini FTSE/Xinhua China 25 Index futures are designed to meet the growing need for 24-hour access to the Chinese equity markets. The FTSE/Xinhua China 25 Index is comprised of 25 of the largest, most liquid red-chip and H-share Chinese companies listed on the Hong Kong Stock Exchange. CME E-mini FTSE/Xinhua China 25 Index futures will be available for customer testing in the New Release Certification and Certification environments Monday, May 7. ©2007 Chicago Mercantile Exchange Inc (CME). All rights reserved. The Globe Logo, Globex®, E-mini®, iLink® Globex Trader® and CME® are trademarks of CME