GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Gobex Account Management
Subject | CME Globex Notices: December 31, 2007
Notice Date | 2007-12-31
Notice Number | 123107
Effective Date | 1969-12-31
Welcome to the CME Globex Notices for the week of December 31, 2007. Critical System Updates CBOT and Hosted Exchanges Launch - Mock Trading Session: This Saturday, January 5 FIX/FAST Channel Definitions - January 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 Brazilian Real Futures Quarterly Calendar Spreads - January 20 Events and Announcements CBOT Merger 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 Mock Trading this Saturday, January 5 Effective January 2008, the CBOT and Hosted Exchange functionality and products are scheduled to launch on the CME Globex electronic trading platform. Participation in this weekend's mock trading session is strongly encouraged. This is the last mock trading session before the first CBOT migration weekend on CME Globex. In addition, this Saturday's session will incorporate an additional rollback contingency test to ensure client systems can effectively transition from CME Globex to the e-cbot platform in the unlikely event a contingency scenario is invoked. More information is available in the CBOT Mock Trading Plan. Customers participating in this Saturday's mock trading session are requested to call into the conference bridge at 866.548.4703, passcode 584529, to receive important updates and information during the session. 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 - Complete
January 5
January 12
January 26
Commodities, Dow & Hosted Exchanges Product Launch | January 13
Interest Rate Product Launch | January 27
All CBOT-related functionality and CBOT and Hosted Exchange products are currently available for testing in New Release. Customers can certify for Cabinet pricing in New Release via the AutoCert+ tool. Please note: this brief certification is required for all systems that support options on the CME Globex platform. 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. Customers can now certify for 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. Brazilian Real Futures Quarterly Calendar Spreads Effective Sunday, January 20, 2008 (trade date Monday, January 21), in response to customer requests, CME Group will list four March quarterly cycle contract month calendar spreads for Brazilian Real futures. These quarterly calendar spreads are in addition to the currently listed serial calendar spreads. The four new March quarterly cycle calendar spreads for Brazilian Real futures will be constructed: 2nd March Quarterly vs. 1st March Quarterly 3rd March Quarterly vs. 1st March Quarterly 4th March Quarterly vs. 1st March Quarterly 3rd March Quarterly vs. 2nd March Quarterly These serial contract month calendar spreads for Brazilian Real futures are currently listed on CME Globex: Month 2 vs. Month 1 Month 3 vs. Month 1 Month 4 vs. Month 1 Month 3 vs. Month 2 Month 4 vs. Month 2 Month 5 vs. Month 2 Twelve consecutive months of outright Brazilian Real futures are listed on CME Globex. These new quarterly calendar spreads will be available for customer testing in New Release on Monday, January 7. © Copyright 2008 CME Group All rights reserved. The Globe Logo, Globex®, iLink® and CME® are trademarks of CME Group. Manage Subscriptions | Unsubscribe From All | Trademarks & Disclaimers | CME Group Privacy Policy | Forward to a Friend %%Member_Busname%% %%Member_Addr%% %%Member_City%%, %%Member_State%% %%Member_PostalCode%% %%Member_Country%% 1-800-331-3332