 Welcome to the CME Globex Notices summary for the week of June 19, 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: CME Equity and CME FX Spreads: Leg Execution Reports
Effective this Sunday, June 25, 2006 (for trade date Monday, June 26), 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.
Update: Cancelled Mock Trading Session for Covered CME Eurodollar Options
CME has cancelled the UDS Phase I: Covered CME Eurodollar Options mock trading session in the CME production environment originally scheduled for this Saturday, June 24, 2006. Customers interested
in testing and certifying their UDS functionality, please contact CSET at 312.930.2322.
CME Eurodollar Month versus Pack Spreads Additional Listing
Effective this Sunday, June 25, 2006 (for trade date Monday, June 26), the CME Globex platform will expand the current listings of CME Eurodollar Month versus Pack spreads, to include single contract expirations in the highly liquid first eight quarterly futures and
the most commonly traded Packs.
The new CME Eurodollar Month versus Pack spreads are currently available for customer testing in the CME certification environment.
More information on this upcoming launch is available online.
Reminder: CME Milk Class III Additional Listings
Effective this Monday, June 26, 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 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 (product code "DA") and electronic (product code "DC") futures have identical contract specifications.
These contracts are currently available in the CME certification environment for customer testing.
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.
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: 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.
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.
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.
©2006 Chicago Mercantile Exchange Inc (CME). All rights reserved.
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