GLOBEX Advisory Notices
To CME Globex Customers
From CME Globex Account Management
Subject CME Globex Notices: August 28, 2006
Notice Date 2006-08-28
Notice Number 082806
Effective Date  
CME(R) Globex(R) Notices

Welcome to the CME Globex Notices summary for the week of August 28, 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.


CME Chinese Renminbi Futures and Options Updated Specifications 
On Sunday, August 27, before the launch of the CME Chinese Renminbi futures and options in the production environment, CME identified and corrected an error in the CME Globex Price Display Format published in the contract specifications. The updated specifications are now available for the CME Chinese Renminbi, CME Chinese Renminbi/Euro and CME Chinese Renminbi/Japanese Yen futures and options.

A table detailing the correct CME Globex Price Display Formats is available online.


CME MD API Elimination and Market Data Platform Testing Session 

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 another CME Market Data Platform testing session in the CME production environment on 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, September 2, 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: Additional CME Live Cattle Futures Listing 
Effective this 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.


Reminder: 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

These new TAS products are currently available for customer testing in the CME certification environment. More information on this launch is available in the NYMEX Energy Products on CME Globex Client Impact Assessment.


Update: NYMEX Physically Settled Products Launch on CME Globex for Side-by-Side Trading 
Effective this Monday, September 4 (for trade date Tuesday, September 5), the following physically settled NYMEX products will be available on the CME Globex platform for side-by-side trading during regular open outcry trading hours. The electronically traded NYMEX contracts will be fully fungible with the floor-traded contracts.

  • Crude Oil futures
  • Heating Oil futures
  • RBOB Gasoline futures
  • Gasoline futures
  • Natural Gas futures
  • Propane futures
  • Palladium futures
  • Platinum futures

With this launch, these physically settled NYMEX 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.


New CME Eurodollar Futures Calendar Spreads 
Effective Sunday, September 10 (for trade date Monday, September 11), CME is listing additional CME Eurodollar futures calendar spreads with implied functionality on the CME Globex platform. The following 15- and 18-month spreads will be added for the first 20 quarterly futures:

New CME Eurodollar Futures Calendar Spreads
15-Month Calendar Spreads
Q1 vs Q6 Q4 vs Q9 Q7 vs Q12 Q10 vs Q15 Q13 vs Q18
Q2 vs Q7 Q5 vs Q10 Q8 vs Q13 Q11 vs Q16 Q14 vs Q19
Q3 vs Q8 Q6 vs Q11 Q9 vs Q14 Q12 vs Q17 Q15 vs Q20
18-Month Calendar Spreads
Q1 vs Q7 Q4 vs Q10 Q7 vs Q13 Q10 vs Q16 Q13 vs Q19
Q2 vs Q8 Q5 vs Q11 Q8 vs Q14 Q11 vs Q17 Q14 vs Q20
Q3 vs Q9 Q6 vs Q12 Q9 vs Q15 Q12 vs Q18  

These new spreads are currently available for customer testing in the CME certification environment.


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 is now available for customer testing in the CME certification environment for both the CME Eurozone HICP and CME Housing futures and futures spreads.


Reminder: 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: 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 are currently available for customer testing in the CME certification environment.


Reminder: 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, are currently available in the CME certification environment. 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.


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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