GLOBEX Advisory Notices
To CME Globex Customers
From CME Globex Account Management
Subject CME Globex Notices: June 26, 2006
Notice Date 2006-06-29
Notice Number 062906-3
Effective Date  

Welcome to the CME Globex Notices summary for the week of June 26, 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.


Reminder: Maintenance Window Today 
The CME certification environment will be unavailable today, June 29, from 12:00 to 5:00 p.m. Central time. All resting GTC and GTD orders in the certification environment will be cancelled at this time. Please contact CSET at 312.930.2322 with any questions or concerns.


CME Weather Product Code Change 
Effective this Sunday, July 2, 2006 (for trade date Monday, July 3), the product code for the CME Salt Lake City Monthly Heating futures and options will change from the current "HU" to "HA".


CME Clearing and CME Globex Contra-Party Information Changes 
To improve the anonymity of the CME electronic marketplace, contra-party information will be removed this Sunday, July 2, 2006 (for trade date Monday, July 3), 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.


Implied Functionality for NYMEX Energy Spreads on the CME Globex Platform 
CME is launching implied functionality for NYMEX Energy futures spreads listed on the CME Globex electronic trading platform. The implied functionality is currently available for testing in the CME certification environment.

More information on this launch is available online.


CME FirmSoft 5.0 
The new CME FirmSoft 5.0, designed to provide enhanced order and risk management functionality, is scheduled to be launched Sunday, July 9, 2006. CME FirmSoft 5.0 is currently available in the CME certification environment. Customers will automatically be transitioned to the new version upon launch.

More information on CME FirmSoft 5.0 enhancements is available online.


Reminder: CME Equity and CME FX Spreads: Leg Execution Reports 
Effective Sunday, July 9, 2006 (for trade date Monday, July 10), to enhance market transparency, 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: 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.


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 is currently available for testing in the CME certification environment.

More information on this change is available online.


CME Economic Derivatives: Core CPI Launch 
Effective Tuesday, July 18, 2006, Core Consumer Price Index (CPI), the new CME Economic Derivatives product, will be directly available to CME Globex users via CME iLink for the Wednesday, July 19 auction. With this launch, CME Globex customers will be able to trade this new CME Economic Derivatives product on the CME Globex platform via the CME iLink interface in addition to the Web interfaces.

More information on this product launch is available online.


European-Style CME FX Options 
Effective Sunday, July 30, 2006 (for trade date Monday, July 31), European-style options on the CME British Pound, CME Canadian Dollar and CME Swiss Franc futures will launch on the CME Globex platform. The European-style CME FX options will trade side-by-side on the trading floor and the CME Globex electronic trading platform. The listings and the trading of American-style CME FX options are unchanged.

These European-style CME FX options will be available for customer testing in the CME certification environment Sunday, July 16.

More information on this product launch is available online.


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