GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: November 6, 2006
Notice Date | 2006-11-06
Notice Number | 110606
Effective Date |
Welcome to the CME Globex Notices summary for the week of November 6, 2006.
This Week Reminder: NYMEX REBCO Intercommodity Spreads and TAS Contracts Launch on CME Globex November Reminder: UDS: Covereds Expansion - CME Equity and FX Options December Reminder: CME Commodity Options 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.
Reminder: NYMEX REBCO Intercommodity Spreads and TAS Contracts Launch on CME Globex Effective this Sunday, November 12, 2006 (for trade date Monday, November 13), intercommodity spreads and Trading at Settlement (TAS) contracts for the Russian Export Blend Crude Oil (REBCO) will be available for trading on the CME Globex platform. The physically settled Crude Oil vs. REBCO (CL:RE) and financially settled Brent Crude Oil vs. REBCO (BB:RE) intercommodity spreads will be listed for 72 consecutive months. The TAS contracts (RET) will be listed on the front two months of the REBCO futures. These intercommodity spreads and TAS contracts are currently available for customer testing in the CME certification environment. Reminder: UDS: Covereds Expansion - CME Equity and FX Options To support the impressive growth in electronically traded options, CME is expanding User-Defined Spreads (UDS): Covereds functionality on the CME Globex platform to CME Equity and Foreign Exchange (FX) options. With UDS: Covereds functionality, CME customers can create unique instruments composed of an option outright or spread covered with one or two futures. UDS: Covereds functionality will be launched for CME Equity options Sunday, November 19. The new functionality is currently available for customer testing on the CME Equity and FX options in the CME certification environment. More information on the UDS Expansion launch is available online in the UDS Expansion Client Impact Assessment. With this launch, options markets will no longer be available via the CME Globex Trader trading application. More information on the removal of options markets and the CME Globex Trader decommission is available online. Reminder: CME Commodity Options Effective Sunday, December 3 (for trade date Monday, December 4), CME is launching options on CME Lean Hogs and CME Live Cattle futures on the CME Globex platform for side-by-side trading. These options will launch with UDS: Covereds functionality. In addition to the option outrights, the following spreads will also be listed:
Spread Type | Spread Type Code
Straddle | ST
Strangle | SG
Risk Reversal | RR
Vertical Call Vertical Put | VT
Calendar Call Calendar Put† | HO
3-Way Call 3-Way Put | 3W
† Calendar Call and Put spreads will only be available for CME Live Cattle options. More information on Spread Type Codes, position 727-728 in the Instrument Creation (MO) messages, is available in the CME Market Data Platform Developer's Guide. These instruments will be available for customer testing in the CME certification environment Wednesday, November 15. ©2006 Chicago Mercantile Exchange Inc (CME). All rights reserved. The Globe Logo, Globex®, E-mini®, iLink® Globex Trader® and CME® are trademarks of CME