Welcome to the CME Globex Notices summary for the week of October 16, 2006.
CME Electronic Trading Customer Forums
CME is proud to host the CME Electronic Trading Customer Forums.
The CME Electronic Trading Customer Forums are a communication vehicle to update customers and solicit feedback on topics
related to CME's electronic trading strategy over the next 6 - 12 months, including new policies, enhancements, and products.
Representatives from FCMs, IBs, proprietary trading groups, ISVs and market data distributors are encouraged to attend.
These meetings will be followed by receptions.
To attend a CME Electronic Trading Customer Forum, please register online.
The agenda includes:
- CME Product Update
- Electronic Options Update
- CME Globex Trader and CME EOS Trader Update
- User-Defined Spreads (UDS) Phase 2
- NYMEX Products on the CME Globex Platform
- CME Market Data Format
- New Offering: CME LNet
- New CME Certification Environments
Chicago Tuesday, October 24 3:30 p.m. Registration 4:00 p.m. Presentation
CME Auditorium 20 S Wacker Dr Chicago, IL
|
London Wednesday, November 8 15:30 Registration 16:00 Presentation
The London Underwriting Centre 3 Minster Court, Mincing Lane London
|
These events are free and attendance is limited to CME customers.
CME LNet Update
CME LNet is a customer-managed solution via a CME-specified colocation facility, where customers are required to house a CME-certified
trading application in one of two specified colocation facilities. CME LNet may not be utilized as a network-only connectivity
option. CME LNet is currently in the testing phase, and will be available in production by the end of the year.
CME LNet offers reduced network latency because the colocation facilities are directly connected to the CME fiber optic transport,
i.e. the CME Globex network. Also, for non-local customers, CME LNet provides a lower-latency connectivity solution.
CME is now accepting CME LNet connection orders from qualified customers. CME can only accept applications from customers
who meet the following requirements:
- Have a presence at one of the CME-approved colocated facilities.
- Maintain a CME-authorized redundant site.
CME LNet is currently in testing. Customers may request a CME LNet connection via an executed Schedule 2, Access Request Form. When CME LNet goes into production, the Access Requests will be processed and connections established in the order the Access
Request forms were received.
Please refer to the CME LNet Connectivity Guide and the CME LNet FAQ for more information.
Reminder: NYMEX REBCO Futures Launch on the CME Globex Platform
Effective this Sunday, October 22, 2006 (for trade date Monday, October 23), the NYMEX Russian Export Blend Crude Oil (REBCO) futures and calendar spreads will launch
on the CME Globex platform.
To support listing a wide array of REBCO spreads in the future, the Instrument Group Code for all REBCO products is CL. The Product Code is RE.
The REBCO contract features physical delivery of REBCO on a free-on-board basis at the port of Primorsk, Russia on the Baltic
Sea. The contract size is 1,000 barrels, denominated in U.S. dollars and cents per barrel. REBCO futures will be listed on
the CME Globex platform for 72 consecutive months beginning with the January 2007 contract. More information on this new product
is available online.
These futures and calendar spreads are currently available in the CME certification environment for customer testing.
Reminder: CME Market Data Platform Enhancements
Administrative Message Routing
To streamline market data processing, effective this Sunday, October 22, 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. These messages will then only be disseminated via the relevant product channel. The SPI mail messages will be the only market data messages broadcast on
the administration channel.
There is no change to the Instrument Creation (MO) Messages - Replay Only and Instrument Creation (MO) Messages - Replay Only
(Excluding CME Eurodollar Options) channels (1 and 16).
These changes, with these messages broadcast on both the administration and product channels, are currently available in the
CME certification environment.
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.
Market Data Message Batching
Also effective this Sunday, October 22, to improve the efficiency of market data dissemination, the CME Market Data Platform is enabling the market data message
batching functionality. Multiple market data messages will be batched into a single network frame. Although this functionality
has been available since the launch of the CME Market Data Platform, as outlined in the CME Market Data Platform Developer's Guide, Section 3.1.2 Message Batching, CME is leveraging it now in response to the market data messaging increases.
To facilitate customer testing, the batching functionality is currently enabled for all channels in the CME certification
environment and on the CME Globex Equity Options channel (8) only in the CME production environment. Continuous batching of simulated market data messages for CME Class III Milk futures (product code = DC) on the CME Globex Commodities, Industrial Commodities
and TRAKRSSM Options channel (14) is now available in the CME certification environment.
Please contact your CME Globex Account Manager with any questions or concerns.
CME Certification Environment Schedule Change
To support the upcoming UDS: Covereds Expansion release, next week the CME certification environment will be unavailable:
- 12:00 p.m. - 5:00 p.m. Central time (CT), Tuesday, October 24 (normal maintenance window)
- 3:30 p.m. - 4:00 p.m. CT, next Thursday, October 26.
- 12:00 p.m. - 12:30 CT, next Friday, October 27.
The following week, the CME certification environment maintenance window will return to the normal schedule.
If you have any questions or concerns about this schedule change, please contact CSET at 312.930.2322.
Reminder: CME Weather Products Launch
Effective Sunday, November 5 (for trade date Monday, November 6), the following new CME Weather futures and seasonal strips† will launch for trading on the CME Globex platform.
Please note: The product codes for these new CME Weather products were previously assigned to CME Weather Seasonal futures.
If your front-end system requires it, customers must purge their instrument databases for both the CME certification and production environments and re-populate using the new Instrument
Creation (MO (m-oh)) market data messages. Please contact your front-end system provider for more information.
| CME Seasonal Strip Snowfall Futures |
| |
Product Code |
October Strip |
November Strip |
December Strip |
January Strip |
February Strip |
March Strip |
|
Boston Logan International Airport
|
SB |
SBV |
SBX |
SBZ |
SBF |
SBG |
SBH |
New York City Central Park
|
SX |
SXV |
SXX |
SXZ |
SXF |
SXG |
SXH |
| CME Canadian Weather Monthly Futures |
| |
Heating Degree Days (HDD) |
Cooling Degree Days (CDD) |
| Calgary |
A2 |
P2 |
| Edmonton |
A4 |
P4 |
| Montreal |
A5 |
P5 |
| Toronto |
A7 |
P7 |
| Vancouver |
A8 |
P8 |
| Winnipeg |
A9 |
P9 |
| CME Canadian Weather Heating Degree Day (HDD) Seasonal Strips |
| |
Product Code |
October Strip |
November Strip |
December Strip |
January Strip |
February Strip |
March Strip |
| Calgary |
A2 |
A2V |
A2X |
A2Z |
A2F |
A2G |
A2H |
| Edmonton |
A4 |
A4V |
A4X |
A4Z |
A4F |
A4G |
A4H |
| Montreal |
A5 |
A5V |
A5X |
A5Z |
A5F |
A5G |
A5H |
| Toronto |
A7 |
A7V |
A7X |
A7Z |
A7F |
A7G |
A7H |
| Vancouver |
A8 |
A8V |
A8X |
A8Z |
A8F |
A8G |
A8H |
| Winnipeg |
A9 |
A9V |
A9X |
A9Z |
A9F |
A9G |
A9H |
| CME Canadian Weather Cooling Degree Day (CDD) Seasonal Strips |
| |
Product Code |
April Strip |
May Strip |
June Strip |
July Strip |
August Strip |
September Strip |
| Calgary |
P2 |
P2J |
P2K |
P2M |
P2N |
P2Q |
P2U |
| Edmonton |
P4 |
P4J |
P4K |
P4M |
P4N |
P4Q |
P4U |
| Montreal |
P5 |
P5J |
P5K |
P5M |
P5N |
P5Q |
P5U |
| Toronto |
P7 |
P7J |
P7K |
P7M |
P7N |
P7Q |
P7U |
| Vancouver |
P8 |
P8J |
P8K |
P8M |
P8N |
P8Q |
P8U |
| Winnipeg |
P9 |
P9J |
P9K |
P9M |
P9N |
P9Q |
P9U |
† Options on these new CME Weather futures will be available for trading on the CME trading floor only.
These new futures and strips will be available for customer testing in the CME certification environment this Sunday, October
22.
Reminder: UDS: Covereds Expansion - CME Equity, FX and Commodity Options
To support the impressive growth in electronically traded options, CME is expanding User-Defined Spreads (UDS): Covereds functionality
on the CME Globex platform to CME Equity, Foreign Exchange (FX) and Commodity options. With UDS: Covereds functionality, CME
customers can create unique instruments composed of an option outright or spread covered with one or two futures.
The enhancements will be phased in by product group:
| November 5, 2006 |
CME FX options |
| November 19, 2006 |
CME Equity options |
| December 4, 2006 |
CME Commodity options (listed electronically for the first time) |
The new functionality is currently available for customer testing on the CME Equity, FX and Commodity options in the CME certification
environment.
More information on the UDS Expansion launch is available online in the UDS Expansion Client Impact Assessment.
With this launch, options markets will no longer be available via the CME Globex Trader trading application. More information
on the removal of options markets and the CME Globex Trader decommission is available online.
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