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Welcome to the CME Globex Notices summary for the week of June 5, 2006.
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.
Updates: NYMEX Energy Products on the CME Globex Platform
This Sunday June 11, 2006 (for trade date Monday, June 12), CME is scheduled to launch access to NYMEX Energy futures on the CME Globex platform.
The Day One NYMEX products are currently available in the CME certification environment for customer testing.
More information on this launch is available online.
Day One Product Listings
Mock Trading Session
This Saturday, June 10, 9:00 a.m. - 10:30 a.m. Central time, CME is hosting a mock trading session to prepare for the June 11 launch of NYMEX products
on the CME Globex platform. End-to-end (clearing) testing will be supported during this mock trading session; call your NYMEX
clearing firm to ensure their participation.
Please note: Customers must purge and repopulate their instrument database before joining the mock trading session. More information
is available below.
Requirements for participating in this mock trading session are available online.
Documentation
Important documentation for the mock trading session and the scripts are available online.
The updated NYMEX Energy Products on the CME Globex Platform Client Impact Assessment, with Give-Up information, and an FAQ are now available.
Important Customer Market Data Alert
To prepare for the NYMEX Energy products launch on the CME Globex platform, CME will create the final launch day NYMEX Energy
futures contracts this weekend. These contracts will use recycled ISIN codes, therefore, customers are required to 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.
Details and scheduling information are available online.
CME Clearing and CME Globex Contra-Party Information Changes
To improve the anonymity of the CME electronic marketplace, contra-party information will be removed from the CME Clearing
(TREX) messages, the back-office Front-End Clearing (FEC) application, the official trade register report and the FIXML data
file; and the CME Globex execution messages.
More information on these changes, and the implementation schedule, is available online.
Reminder: ITC 2.1 Market Data Spread Type Change
Effective this Sunday, June 11, to simplify and streamline customer processing of CME-listed spreads, CME is implementing new Spread Type values for ITC
2.1 format market data messages. These new values can be used to easily determine the spread type and associated listing conventions.
More information on this change is available online.
Reminder: Mock Trading Sessions for Covered CME Eurodollar Options
To support the upcoming UDS Phase I: Covered CME Eurodollar Options launch, CME will be holding mock trading sessions in the CME production environment on Saturday, June 17 and June 24, 2006. In addition, in the CME certification environment, customers can schedule a mock trading exercise with CSET Wednesday through Friday, June 7 through June 9 and June 14 through June 16.
To register or for more information on the Saturday mock trading sessions in the CME production environment, please contact
your CME Globex Account Manager at 312.634.8700; or in Europe at +44.207.623.2550. To schedule a mock trading exercise in the CME certification environment,
please contact CSET at 312.930.2322.
CME Milk Class III Additional Listings
Effective Monday, June 25, 2006, the full 24 contract months for CME Milk Class III futures will be launched on the CME Globex platform. Currently, only 12 months are listed electronically. The CME Milk Class
III futures will trade side-by-side on the CME Globex platform and the trading floor, Monday through Friday, 9:40 a.m. to
1:10 p.m. Central time. Both the floor and electronic futures will have identical contract specifications.
CME Milk Class III futures will continue to be listed electronically with the CME Globex product code "DC". CME will continue
to list 24 contract months for the trading floor with the existing CME product code "DA".
These contracts will be available in the CME certification environment for customer testing Monday, June 19.
Reminder: CME Equity and CME FX Spreads: Leg Execution Reports
Effective June 25, 2006 (for trade date Monday, June 26), to enhance the transparency of the markets, CME is scheduled to launch leg execution reports
for CME Equity and CME FX spreads.
CME Equity and CME FX spreads leg execution reports are currently available for testing in the CME certification environment.
A short suite of optional tests for this functionality is available in the CME AutoCert tool.
More information and documentation is available online. The Summer 2006 CME Equity and CME FX Enhancements Client Impact Assessment and the Summer 2006 CME Equity and CME FX Enhancements CME AutoCert Guide are also available.
Reminder: CME Market Data API Elimination
As previously announced, CME is eliminating CME Market Data API (MD API), the legacy market data vehicle, on July 1, 2006. All CME MD API customers must complete the migration to the CME Market Data Platform before July 1.
More information on the CME MD API cut-off and the CME Market Data Platform is available online.
Reminder: Mass Quote Message Change
Effective Sunday, July 9, 2006 (for trade date Monday, July 10), to simplify and improve processing, CME is reducing the maximum number of quotes a market
maker can submit in a single Mass Quote message to 100. Currently, market makers can submit a maximum of 195 quotes in a single Mass Quote message.
This change to the Mass Quote message are currently available for testing in the CME certification environment.
More information on this change is available online.
Reminder: Covered CME Eurodollar Options: User-Defined Spreads Phase I
On Sunday, July 9, 2006 (for trade date Monday, July 10), CME is scheduled to launch Covered CME Eurodollar options on futures (Covereds). Covereds are the first phase of the CME User-Defined Spreads (UDS) initiative, and the model for future UDS functionality.
With this launch, CME is introducing three new order entry messages and one new Security Definition (MU) market data message, for creating Covereds. This release will impact:
- All customers interested in trading Covereds; and,
- All customers receiving CME Interest Rate options market data on channel 10 of the CME Market Data Platform.
All impacted customers are required to complete a manual certification. Covereds are currently available in the CME certification environment.
More information on Covereds is available online and in the User-Defined Spreads for CME Eurodollar Options: Covereds Client Impact Assessment and Covereds Manual Certification Guide.
Reminder: Ex-Pit Transaction Functionality
On Sunday, July 9, 2006 (for trade date Monday, July 10), to facilitate market transparency, CME is scheduled to launch Ex-Pit transaction functionality on the CME Globex platform.
All customers interested in Ex-Pit transactions are required to complete a quick certification on the CME AutoCert tool. Ex-Pit transaction functionality is currently available in the
CME certification environment. The Ex-Pit CME iLink Certification Guide and CME Market Data Platform Certification Guide are available online.
More information on Ex-Pit transactions functionality is available online and in the Ex-Pit Transactions Client Impact Assessment.
©2006 Chicago Mercantile Exchange Inc (CME). All rights reserved.
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