Welcome to the CME Globex Notices for the week of February 19, 2007.
If you have any questions or concerns, please contact your
CME Globex Account Manager at 312.634.8700; or
at +44.20.7796.7100 in Europe.
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Meet. Greet. Expand Your Horizons.
View leading trading applications and meet with leading ISV representatives from:
- actant
- Bloomberg
- Cunningham
- EccoWare
- GL Trade
- Orc Software
- Patsystems
- Rolfe & Nolan
- RTS Realtime Systems
- Trading Technologies
Where:
CME Auditorium, 20 S. Wacker Drive, Chicago, Illinois 60606
When:
Wednesday, February 28, 2007
2:30 - 5 p.m. CT
Appetizers and drinks.
CLICK HERE to RSVP with Joanna
Reynolds. |
|
Reminder: Extended NYMEX TAS
Listings
Effective
this Sunday, February 25, 2007 (for trade date Monday, February 26), one
additional contract for the following NYMEX TAS will be launched on the CME Globex platform.
| Extended
NYMEX TAS Listings |
| Product |
Instrument
Group Code |
Product
Code |
Currently
Listed Contracts |
New
Listed Contracts |
| NYMEX Energy TAS Futures - on Financially Settled Products |
| Crude
Oil future TAS |
WT |
WST |
2 |
3 |
| RBOB
Gasoline future TAS |
WT |
RTT |
2 |
3 |
| Heating
Oil future TAS |
WT |
BHT |
2 |
3 |
| Natural
Gas Last Day future TAS |
WT |
HHT |
2 |
3 |
| Natural
Gas Penultimate future TAS |
WT |
HPT |
2 |
3 |
| Brent
Financial future TAS |
WT |
BBT |
2 |
3 |
| NYMEX Energy TAS Futures - on Physically Settled Products |
| Crude
Oil TAS |
CT |
CLT |
2 |
3 |
| Natural
Gas TAS |
CT |
NGT |
2 |
3 |
| RBOB
TAS |
CT |
RBT |
2 |
3 |
| Heating
Oil TAS |
CT |
HOT |
2 |
3 |
| Russian
Export Blend Crude Oil (REBCO) TAS |
CT |
RET |
2 |
3 |
| NYMEX iPort TAS Futures - on Financially Settled Products |
| 3-2-1
Plus TAS |
WT |
WXT |
2 |
3 |
More information on NYMEX and COMEX products on the CME Globex platform is available at
www.nymexoncmeglobex.com.
Reminder: NYMEX Products on the CME Market
Data Platform
Since the introduction of NYMEX futures and spreads on the CME Globex platform, market data
messaging rates on the CME Market Data Platform NYMEX channel (20) have steadily increased,
recently reaching peaks greater than
3 mbps. To better manage bandwidth utilization, CME is leveraging the scalability
of the CME Market Data Platform and introducing
three new channels for NYMEX and COMEX
® products. There is no change to the current NYMEX channel (20) at this time; however,
it will be eliminated in both the certification and production environments on Sunday, May 6,
2007.
Complete information on the three new NYMEX and COMEX channels on the CME Market Data Platform,
including the products assigned to each channel, is available
online.
The new CME Market Data Platform channels are currently available in the certification
environment, and will launch in the production environment
this Sunday, February 25.
More information on NYMEX and COMEX products on the CME Globex platform is available at
www.nymexoncmeglobex.com.
Reminder: NYMEX Catastrophic Risk Index
Futures Launch on CME Globex
Effective
Sunday, March 4, 2007 (for trade date Monday, March 5), the following NYMEX
Catastrophic Risk Index futures will launch on the CME Globex platform.
| NYMEX
Catastrophic Risk Index Futures |
| Product |
Instrument
Group Code |
Product
Code |
MDP
Channel |
Contract
Size |
Contract
Tick Size |
Tick
Value |
CME
Globex Tick Size |
Listed |
| Catastrophic
Risk Nationwide |
WU |
WU |
32 |
10
Index Points |
1.00 |
$10.00 |
1 |
3 |
| Catastrophic
Risk Texas to Maine (excluding Florida) |
WY |
WY |
32 |
10
Index Points |
1.00 |
$10.00 |
1 |
3 |
| Catastrophic
Risk Florida |
WF |
WF |
32 |
10
Index Points |
1.00 |
$10.00 |
1 |
3 |
The need for protection against catastrophe risk is at a record high due to the combination of
changing weather patterns, recent loss activity and the consequent change in industry peril
modeling, rating agency criteria and solvency requirements. The NYMEX Property Damage Risk futures
will allow real-time property risk management through a cleared futures exchange. The contracts
will be financially settled against the Re-Ex Index by Gallagher Re, the specialist reinsurance
intermediary and advisory firm.
These NYMEX Property Damage Risk futures will be available for customer testing in the CME
certification environment
this Monday, February 26, 2007.
NYMEX Softs TAS Launch on CME Globex
Effective
Sunday, March 11 (for trade date Monday, March 12), the following NYMEX Softs
TM
TAS contracts will launch on the CME Globex platform.
| NYMEX
SOFTS TAS CONTRACTS |
| Product |
Instrument
Group Code |
Product
Code |
MDP
Channel |
Contract
Size |
Contract
Tick Size |
Tick
Value |
CME
Globex Tick Size |
Listed |
| Cocoa
TAS |
C1
(C-one) |
CJT |
32 |
10
metric tons |
1.00 |
$10.00 |
1 |
3 |
| Coffee
TAS |
KD |
KTT |
32 |
37,500
pounds |
0.0005 |
$18.75 |
5 |
3 |
| Cotton
TAS |
TC |
TTT |
32 |
50,000
pounds |
0.0001 |
$5.00 |
1 |
3 |
| FCOJ
TAS |
FA |
FJT |
32 |
15,000
pounds |
0.0005 |
$7.50 |
5 |
3 |
| Sugar
11 TAS |
YA |
YOT |
32 |
112,000
pounds |
0.0001 |
$11.20 |
1 |
3 |
| Sugar
14 TAS |
FD |
FTT |
32 |
112,000
pounds |
0.0001 |
$11.20 |
1 |
3 |
These NYMEX Softs TAS contracts will be available in the CME certification environment for
customer testing
this Monday, February 26, 2007.
Reminder: Daylight Saving Time
Effective this year, the schedule for Daylight Saving Time has been extended by the Energy
Policy Act of 2005. Daylight Saving Time will now be in effect from Sunday, March 11, 2007, through
November 4, 2007. Previously, Daylight Saving Time ran from the first Sunday in April through the
last Sunday in October.
CME Globex will continue to observe Daylight Saving Time and the new schedule. More information
is available
online.
Time-dependent front-end trading applications may be affected by this change. Please contact
your front-end system provider for more information before March 11, 2007.
Reminder: Enhanced Execution Reports and
UDS: Combos
The Enhanced Execution Reports and User-Defined Spreads (UDS): Combos release, scheduled to
launch
Sunday, March 25, 2007, introduces two sets of functional enhancements to the CME
Globex platform.
Enhanced Execution Reports
With this release, Fill and Trade Cancellation messages will be enhanced for
all products traded on the CME Globex platform with new FIX tags
442-MultiLegReportingType, 393-TotalNumSecurities and 527-SecondaryExecID. Customers will be able
to use the enhanced Fill and Trade Cancellation messages to:
- Differentiate messages for outrights, legs and spreads
- Correlate leg and spread messages
- Identify the number of legs associated with a spread
CME strongly recommends
all customers test the enhanced execution reports prior to the production launch.
Enhanced execution reports are currently available in the certification environment.
UDS: Combos
With UDS: Combos functionality, customers will be able to define and trade unique options
instruments intra-day, composed of any or all of the following:
- Exchange-defined outright option(s)
- Exchange-defined option spread(s)
- Existing user-defined spreads
With this launch, customer systems must be able to accomodate Security Definition (MU) messages
with up to 40 repeating groups (i.e., spread legs). CME recommends customers configure market data
buffer size to accomodate up to 5120 bytes. Front-end trading applications interested in UDS:
Combos functionality are required to certify via CME AutoCert+. This functionality is currently
available for testing and certification. To access CME AutoCert+, please contact your
CME Globex Account Manager at 312.634.8700, or in Europe at
+44.20.7796.7100.
More information on this release is available in the
UDS: Combos and Enhanced Execution Reports Client Impact Assessment
.
CME FX Trading Schedule Change
Effective
Sunday, March 25, 2007, at customers' request, CME FX futures and options on CME
Globex trading schedule will be expanded to open two hours earlier, at 3:00 p.m. Central time (CT)
on Sundays. Currently, CME FX futures and options markets open on Sunday for trading at 5:00 p.m.
CT. In addition, the pre-market open period will be reduced from the current 45 minutes to 30
minutes, commencing at 2:30 p.m. on Sundays.
CME Equity Options Spreads Changes
Effective
Sunday, March 25, 2007 in the production environment, to provide consistent data
across all product complexes, CME Globex will no longer publish settlement price data via the
Instrument Creation (MO (m-oh)) and Price (M7) RLC market data messages for
CME Equity options spreads only. Settlement price data will still be available in
the MO and M7 messages for the outright options.
To increase price clarity for CME Equity options spreads, with this launch CME will disseminate
four-character strike prices (instead of the current three-character prices) in the Complete
Instrument Code in RLC market data messages (e.g., position 72-91 of the MO message) and CME iLink
order messaging (e.g., FIX tag 107, SecurityDesc, in Execution Reports). The total length of the
Complete Instrument Code will not exceed 20 characters.
The most significant digit of the strike price will be displayed in the Complete Instrument Code
and tag 107, SecurityDesc. For example, currently a CME E-mini Russell options spread is
disseminated as:
With this change, the same spread will be disseminated as:
More information on the CME Market Data Platform and CME iLink messaging formats is available in
the
CME
Globex SDKs.
©2007
Chicago Mercantile Exchange Inc (CME). All rights reserved.
The Globe Logo, Globex®, E-mini®, iLink® Globex Trader® and CME® are trademarks of CME |