 Welcome to the CME Globex Notices summary for the week of August 21, 2006.
- This Week
- September
- October
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 MD API Elimination and Market Data Platform Testing Windows
As announced in Q4 2005, the legacy CME Market Data API (MD API) will be decommissioned on Friday, September 8, in favor of the CME Market Data Platform , the more efficient and scalable market data dissemination system introduced in July 2005. CME MD API can no longer be supported
due to the growth in market data and the resulting need to reduce both bandwidth consumption and message delivery latencies.
We encourage you to ensure that all proprietary and third-party vendor trading applications are upgraded to utilize the new
CME Market Data Platform system by September 8.
Support Surcharges
Customers who have not migrated all applications to the CME Market Data Platform as of September 10 will be charged $1000.00
per week, per CME MD API neighbor (individual technical connection). This support fee is required to offset maintenance costs
incurred by CME to sustain the legacy interface infrastructure. CME reserves the right to escalate charges if necessary.
Weekend Testing
To support customer migration efforts, CME will host CME Market Data Platform testing sessions in the CME production environment
on Saturday, August 26 and Saturday, September 2, 8:00 a.m. - 12:00 p.m. Central time (CT). During the testing sessions, CME will replay production CME Market Data Platform
messaging for customer testing.
For more information, or to register for one of the testing sessions, please contact your CME Globex Account Manager at 312.634.8700; or at +44.207.623.2550 in Europe.
Mock Trading Session for NYMEX Energy Products on the CME Globex Platform
This Saturday, August 26, from 9:00 - 10:00 a.m. Central time (CT), CME is hosting an open mock trading session for customers in preparation for the
upcoming September 4 NYMEX products on CME Globex launch.
This mock trading session is open to all currently connected customers. A general conference bridge line will be available
for customers during the session. More information is available in the NYMEX on CME Globex Mock Trading Session Plan and the NYMEX on CME Globex Mock Trading Session Script.
Reminder: CME Eurozone HICP Spread Type Change
This Sunday, August 27, 2006 (for trade date Monday, August 28) in both the CME certification and production environments, to support the upcoming implied functionality launch the Spread Type value
for CME Eurozone HICP futures spreads will change to "SP". Currently, the Spread Type value for CME Eurozone HICP spreads is "EC".
The Spread Type field, found in the Instrument Creation (MO (m-oh)) messages position 727-728, is designed to easily determine
the spread type and associated listing conventions for CME-listed futures and options spreads. More information on MO messages
and Spread Type values is available in the CME Market Data Platform RLC Message Specifications.
Reminder: CME Chinese Renminbi Launch
Effective this Sunday, August 27, 2006 (for trade date Monday, August 28), the CME Chinese Renminbi futures and options on futures are scheduled to launch on the CME Globex electronic trading platform. In recognition of the
growing importance of China as a world financial center, and to expand the opportunities available in the CME FX marketplace,
CME has developed three Chinese renminbi-based contracts: renminbi/U.S. dollar, renminbi/euro, and renminbi/Japanese yen futures
and options.
The CME Chinese Renminbi futures and options are currently available for customer testing in the CME certification environment.
Additional CME Live Cattle Futures Listing
Effective Friday, September 1, 2006, the listed CME Live Cattle futures will be extended out two additional months on both the trading floor (product code "LC") and the CME Globex platform
(product code "LE"). The number of listed contracts will be extended to nine "even" months (February, April, June, August,
October and December) from the currently available seven.
With this launch, when the August 2006 contract expires on August 31, CME will list the December 2007 and February 2008 contracts
in addition to the October 2007.
NYMEX TAS Futures on Physically Settled Products on the CME Globex Platform
Effective Monday, September 4 (for trade date Tuesday, September 5), the following NYMEX TAS futures on physically settled products will be available on
the CME Globex platform for electronic trading.
- Crude Oil TAS futures
- Heating Oil TAS futures
- RBOB Gasoline TAS futures
- Gasoline TAS futures
- Natural Gas TAS futures
More information on this launch is available in the NYMEX Energy Products on CME Globex Client Impact Assessment.
Reminder: NYMEX Physically Settled Products Launch on CME Globex for Side-by-Side Trading
Effective Monday, September 4 (for trade date Tuesday, September 5), the following physically settled NYMEX Energy products will be available on the CME Globex platform for side-by-side trading during regular open outcry trading hours. The electronically
traded NYMEX Energy contracts will be fully fungible with the floor-traded contracts.
- Crude Oil futures
- Heating Oil futures
- RBOB Gasoline futures
- Gasoline futures
- Natural Gas futures
With this launch, these physically settled NYMEX Energy products will support GTC and GTD order validities.
More information on this launch is available in the NYMEX Energy Products on CME Globex Client Impact Assessment.
Reminder: Implied Functionality for CME Eurozone HICP And CME Housing Futures
Effective Sunday, September 10 (for trade date Monday, September 11), CME is launching implied spread functionality for allCME Eurozone HICP and CME Housing futures and futures spreads.
As a reminder, position 777 of the Instrument Creation (MO (m-oh)) message indicates whether a product will return legs and
create implied orders. For more information, please see the CME Market Data Platform Message Specifications.
The implied spread functionality will be available for customer testing in the CME certification environment for both the
CME Eurozone HICP and CME Housing futures and futures spreads this Sunday, August 27, 2006.
Reminder: CME Korean Won Launch
Effective Sunday, September 17, 2006 (for trade date Monday, September 18), the CME Korean Won futures and options on futures are scheduled to launch on the CME Globex electronic trading platform. CME Korean Won futures
and options are designed to provide risk management tools for the U.S. dollar/Korean won currency pair.
CME Korean Won futures and options will be available for customer testing in the CME certification environment this Sunday, August 27.
CME Market Data Platform Changes
To streamline market data processing, effective Sunday, September 24, 2006, in the CME production environment, the following market data messages, currently disseminated via the administration channel,
will be disseminated via the relevant CME Market Data Platform product channels:
- 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
These administrative messages will be broadcast via both the relevant product channels and the administration channel for
two months to ensure adequate customer testing time. Effective November 19, these messages will only be disseminated via the relevant product channel. The SPI mail messages will be the only market data messages broadcast on
the administration channel.
These changes, with these messages broadcast on both the administration and product channels, will go into effect in the CME
certification environment this Tuesday, August 29. They will be disseminated solely via the product channels as of November 19.
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.
Security Futures Instrument Creation (MO) Message Change
Effective Sunday, September 10, 2006, in both the CME certification and production environments, CME is changing the Extended Instrument Type value for OneChicago Security Futures products to "S". Currently, the Extended Instrument Type for these products is "E".
The Extended Instrument Type, published in position 897 of the Instrument Creation (MO) market data messages, identifies the
product line. For more information on the Extended Instrument Type and MO messages, please see the CME Market Data Platform RLC Message Specifications.
Reminder: Instrument Creation (MO) Market Data Message Schedule Change
Effective Sunday, October 15, in the CME production environment, CME is changing the schedule for the Sunday referential broadcast of the Instrument Creation
(MO) market data messages. MO messages will be disseminated around 12:00 p.m. Central time (CT), about two hours earlier than
the present schedule.
The referential broadcast for the CME certification environment is currently scheduled at 12:00 p.m. CT.
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