GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | CME Globex Notices: January 8, 2007
Notice Date | 2007-01-08
Notice Number | 010807
Effective Date | 1969-12-31
Welcome to the CME Globex Notices summary for the week of January 8, 2007. January CME Globex Holiday Hours Market Data Alert Reminder: NYMEX iPort 3-2-1 Plus Index on CME Globex Reminder: CME Market Data Platform Change Reminder: ITC 2.1 Market Data Change Reminder: Instrument Group Code Changes February CME Euroyen TIBOR Futures and Options Launch CME FX Option Spreads Launch March Enhanced Execution Reports and UDS: Combos Reminder: NYMEX Gulf Coast Products on CME Globex 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. CME Globex Holiday Hours The CME Globex holiday hours for Martin Luther King, Jr. Day are now available online. Market Data Alert To better support customer trading, on Sunday, January 21, CME will complete internal updates that will change some existing ISIN codes. If your front-end system requires it, customers must purge their instrument databases for both the CME certification and production environments and re-populate using new Instrument Creation (MO (m-oh)) market data messages. Please contact your front-end system provider for more information. The new MO market data messages for the CME certification and production environments will be published before the start of trading on Sunday, January 21, via the CME Market Data Platform. If you have any questions or concerns, please contact the CME Globex Control Center (GCC) at 312.456.2391. Reminder: NYMEX iPort 3-2-1 Plus Index on CME Globex Effective Sunday, January 21, 2007 (for trade date Monday, January 22), the NYMEX iPort TM 3-2-1 Plus futures, spreads and TAS contracts will launch on the CME Globex electronic trading platform.
NYMEX iPort 3-2-1 Products on CME Globex
Product | Product Code | Instrument Group Code | Spreads
NYMEX iPort 3-2-1 Plus | WX | WX | Calendar
NYMEX iPort 3-2-1 Plus TAS | WXT | WT |
NYMEX iPort products are new index and portfolio instruments, designed to maximize potential exposure and hedge sector risk in energy and metals markets. NYMEX iPort indexes are different combinations of benchmark NYMEX contracts. The NYMEX 3-2-1 Plus Index equals the sum of the value of the nearest NYMEX futures contracts divided by ten, as follows: three NYMEX Light Sweet Crude Oil contracts, two NYMEX RBOB contracts, one NYMEX Heating Oil contract, and one NYMEX Natural Gas contract. These new NYMEX iPort products are now available for customer testing in the certification environment. CME Globex contract specifications for these products are available in the NYMEX Snapshot. More information on NYMEX and COMEX products on the CME Globex platform is available at www.nymexoncmeglobex.com. Reminder: CME Market Data Platform Change As previously announced, effective Sunday, January 21, 2007, CME is removing all of the following market data messages from the CME Market Data Platform administration channel (2) in the production environment. Instrument Creation (MO) messages Trading Day Timetables (MH) messages Group State Change Marker (MJ) messages Start of CME Globex Platform (MK) messages Start of Instrument Referential Broadcasting (ML) messages End of Instrument Referential Broadcasting (MM) messages As of Sunday, January 21, these messages will be disseminated only via their respective CME Market Data Platform product data channels. These same market data messages have been removed from the Administration channel (2) in the certification environment, and in both the certification and production environment for CME Equity, FX and Commodity options only. There is no change to the Instrument Creation (MO) Messages - Replay Only and Instrument Creation (MO) Messages - Replay Only (Excluding CME Eurodollar Options) channels (1 and 16). CME strongly recommends customers use the Instrument Creation (MO) Messages - Replay Only and Instrument Creation (MO) Messages - Replay Only (Excluding CME Eurodollar Options) channels (1 and 16) to download MO messages for the week, and use the product channels for mid-week instrument adds. More information on the CME Market Data Platform is available in the CME Market Data Platform Developer's Guide . Details on the CME market data messages can be found in the CME Market Data Platform RLC Message Specifications . Reminder: ITC 2.1 Market Data Change Effective Sunday, January 21, to improve market data bandwidth management, the ITC 2.1 market data messages for CME E-mini Russell 2000 ® and CME E-mini S&P 500 ® options will be moved from the CME Globex Options Top of Book channel (5) to the CME Globex Spreads Top of Book channel (6). Please note: this change only affects the ITC 2.1 message channels. There is no change to the RLC channels. More information on the CME Market Data Platform channels is available online. Reminder: Instrument Group Code Changes Effective Sunday, January 28, 2007, the following Instrument Group Code changes will be implemented in both the certification and production environments. With this change, all Instrument Group Codes will conform to the standard two-character length. CME Market Data Platform RLC Message Specifications . CME Euroyen TIBOR Futures and Options Launch Effective Sunday, February 4, 2007 (for trade date Monday, February 5), CME Euroyen TIBOR futures and options will launch on the CME Globex platform. Electronically traded CME Euroyen TIBOR futures and options are identical to and fully fungible with the currently available floor contracts. The Euroyen market has become more volatile in recent months and this is a particularly auspicious time to offer hedgers and traders even wider access to CME Euroyen contracts via CME Globex. These new products will be available for customer testing in the certification environment Monday, January 22. CME FX Options Spreads Launch Effective Sunday, February 4, 2007 (for trade date Monday, February 5), Straddle, Strangle and Vertical spreads for the following CME Foreign Exchange (FX) options will be launched on the CME Globex platform. CME Euro FX options (product code 6E) CME Japanese Yen options (product code 6J) CME British Pound options (product code 6B) CME Swiss Franc options (product code 6S) CME Canadian Dollar options (product code 6C) CME Australian Dollar options (product code 6A) CME New Zealand Dollar options (product code 6N) CME Mexican Peso options (product code 6M) CME Russian Ruble options (product code 6R) These new options spreads will be available for customer testing in the certification environment Monday, January 22. Enhanced Execution Reports and UDS: Combos The Enhanced Execution Reports and User-Defined Spreads (UDS): Combos release, scheduled to launch March 25, 2007, introduces two sets of functional enhancements to the CME Globex platform. Enhanced Execution Reports With this release, Fill and Trade Cancellation messages will be enhanced for all products traded on the CME Globex platform. Customers will be able to use the enhanced Fill and Trade Cancellation messages to: Differentiate messages for outrights, legs and spreads Correlate leg and spread messages Identify the number of legs associated with a spread CME strongly recommends all customers test the enhanced execution reports in the certification environment effective January 30, 2007. UDS: Combos With UDS: Combos functionality, customers will be able to define and trade unique options instruments intra-day, composed of any or all of the following: Exchange-defined outright option(s) Exchange-defined option spread(s) Existing user-defined spreads Front-end trading applications interested in UDS: Combos functionality are required to certify via CME AutoCert+ effective February 20, 2007. To access CME AutoCert+, please contact your CME Globex Account Manager at 312.634.8700. More information on this release is available in the UDS: Combos and Enhanced Execution Reports Client Impact Assessment . Reminder: NYMEX Gulf Coast Products on CME Globex In preparation for a later launch, the following new NYMEX Gulf Coast futures, spreads and TAS contracts are available for customer testing in the CME certification environment.
New NYMEX Gulf Coast Products on CME Globex
Product | Product Code | Instrument Group Code | Spreads
Gulf Coast Gasoline | LR | CL | Calendar
Gulf Coast Ultra Low Sulfur Diesel (ULSD) | LU | CL | Calendar
New Intercommodity Spreads
Gulf Coast Gasoline vs. RBOB | LR:RB | CL |
Gulf Coast Gasoline vs. Gulf Coast ULSD | LR:LU | CL |
Gulf Coast ULSD vs. Heating Oil | LU:HO | CL |
New TAS Instruments
Gulf Coast Gasoline TAS | LRT | CT |
Gulf Coast Ultra Low Sulfur Diesel (ULSD) TAS | LUT | CT |
CME Globex contract specifications for these products are available in the NYMEX Snapshot. More information on NYMEX and COMEX products on the CME Globex platform is available at www.nymexoncmeglobex.com. ©2006 Chicago Mercantile Exchange Inc (CME). All rights reserved. The Globe Logo, Globex®, E-mini®, iLink® Globex Trader® and CME® are trademarks of CME