GLOBEX Advisory Notices
To CME Globex Customers
From CME Globex Account Management
Subject CME Globex Notices: March 26, 2007
Notice Date 2007-03-26
Notice Number 032607
Effective Date 1969-12-31
CME Globex(R) Notices

Welcome to the CME Globex Notices for the week of March 26, 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.


Certification Environments Unavailable Friday, March 30  
This Friday, March 30, 2007, the certification environments will be unavailable all day to prepare for the upcoming launch of the new Certification environment.


Learn the latest in electronic trading on CME Globex  

FCMs, IBs, proprietary trading groups, ISVs and market data distributors -
Register today for the CME Electronic Trading Customer Forum.

The CME Electronic Trading Customer Forums are designed to bring CME and its customers together. You will receive updates and information regarding CME Globex platform changes, electronic trading policies and new offerings in the next 6-12 months.

These events are free and attendance is limited to CME customers.

The forum will cover:

  • CBOT-CME proposed merger update
  • Product updates
  • NYMEX product updates and the CME Messaging Policy
  • Enhanced Execution Reports
  • User-Defined Spreads: Combos
  • New market data format: FIX/FAST
  • New offering: Drop copy
  • New offering: Cancel on disconnect
  • New certification environments and AutoCert+ tool
Chicago
Tuesday, April 10, 2007

3:30 p.m. Registration
4:00 p.m. Presentation
Reception to follow

CME
CME Auditorium
20 S Wacker Dr
Chicago, IL
  London
Thursday, April 19, 2007

15:30 Registration
16:00 Presentation
Reception to follow

The Old Library
Lloyd's
One Lime Street
London EC3M 7HA

A customer forum will be held in Singapore at a later date.

CLICK HERE to register.


Reminder: NYMEX Products and the CME Messaging Policy  
Effective Sunday, April 1, the grace period will end for NYMEX products on CME Globex subject to the CME Messaging Policy. NYMEX Clearing Firms receive reports when their Volume Ratios exceed the product benchmarks. Beginning April 1, 2007, surcharges will be levied when a Clearing Firm has exceeded their two allowed notices. The surcharge is $2000.00 per trading session per product where the benchmark has been exceeded.

The CME Messaging Policy is a fair business policy which encourages market participants to trade and quote appropriately without harming market liquidity. Detailed informationon the CME Messaging Policy is available at www.cme.com/messagingpolicy.

The following NYMEX products are subject to the CME Messaging Policy for the second quarter of 2007 since February 27, with the following product benchmarks:

NYMEX Product Benchmarks
Product Product Code Product Benchmarks
Financially Settled Products
Crude Oil Futures & Spreads WS 50:1
Physically Settled Products
Crude Oil Futures & Spreads CL 25:1
Natural Gas Futures & Spreads NG 35:1
NYMEX miNY Energy Products
Natural Gas Futures & Spreads QG 50:1
Crude Oil Futures & Spreads QM 45:1

For questions on the CME Messaging Policy, please contact CME Globex Account Management at 312.634.8700 or the CME Globex Control Center at 312.456.2391.


Reminder: New Certification Environment and Maintenance Window Changes  
This Monday, April 2, 2007, CME is launching the new Certification Environment. The Certification Environment will mirror the CME production environment at all times, including functionality and messaging.

With this launch, the maintenance windows of the certification environments will be modified to ensure full customer support. New Release Certification will be unavailable during the weekly maintenance window on Wednesdays, 12:00 p.m. to 5:00 p.m. Central time (CT). Certification will be unavailable during the weekly maintenance window on Tuesdays, 12:00 p.m. to 5:00 p.m. CT.

Customers must obtain a new CME iLink ID and connection to access the Certification Environment. Please contact your CME Globex Account Manager directly with any questions or concerns at 312.634.8700, or in Europe at 44.20.7796.7100.

The Certification and New Release Certification environments are designed to improve customers' experience with application development, testing and certification. More information on the new certification environments, and the new, automated certification tool AutoCert+, is available online at www.cme.com/cert.


Reminder: Extended Strikes Listing for CME Japanese Yen Options  
Effective this Sunday, April 1, 2007 (for trade date Monday, April 2), CME is extending the strike listings for the CME Japanese Yen options on futures for all contract months listed on the CME Globex platform. This change only affects outright options; there is no change to the listing rules for options spreads.

CME Japanese Yen Options Extended Strikes Listings
Product Instrument
Group Code
Product Code Current Listings New Listings
CME Japanese Options OJ (oh-J) 6J At the money ± 8 At the money ± 12

CME Globex Good Friday Holiday Schedule  
The CME Globex Good Friday holiday schedule is now available online.


Reminder: CME Weekly Average Temperature Futures Launch  
Effective this Sunday, April 1, 2007, and Sunday, April 15, the new CME Weekly Average Temperature futures are launching on the CME Globex platform.

These CME Weekly Average Temperature products enable market participants to hedge short-term intra-monthly weather risk. CME Weekly Average Temperature contracts will list two weekly contracts (Monday through Friday), and will be settled the following business day.

CME Weekly Average Temperature Futures on CME Globex
Listing City Instrument Group Code Product Code Listed Weeks
Sunday, April 1, 2007 Launch
Atlanta H0 (zero) H11-H15 2
Boston H0 HW1-HW5 2
Chicago H0 H21-H25 2
Cincinnati H0 H31-H35 2
Dallas-Fort Worth H0 H51-H55 2
New York City H0 H41-H45 2
Sunday, April 15, 2007 Launch
Baltimore/Washington H0 HV1-HV5 2
Des Moines H0 H91-H95 2
Detroit H0 HK1-HK5 2
Houston H0 HR1-HR5 2
Kansas City H0 KX1-KX5 2
Las Vegas H0 H01-H05 2
Minneapolis - St. Paul H0 HQ1-HQ5 2
Philadelphia H0 H61-H65 2
Portland H0 H71-H75 2
Sacramento H0 KS1-KS5 2
Salt Lake City H0 HA1-HA5 2
Tucson H0 H81-H85 2

The CME Weekly Average Temperature futures scheduled to launch on April 1 are currently available in the certification environment. The CME Weekly Average Temperature futures scheduled to launch on April 15 will be available in the certification environment Wednesday, April 4.


Extended Listings for CME Lean Hog and Live Cattle Intercommodity Spreads  
Effective Sunday, April 15, 2007 (for trade date Monday, April 16), CME is extending the listings for intercommodity spreads on the CME Lean Hog and CME Live Cattle futures. These spreads use the Strategy Type Code IS.

The complete list of intercommodity spreads available for trading upon launch is online.

These extended intercommodity spreads will be available for customer testing in the CME certification environment Monday, April 2.


Reminder: NYMEX Crude Oil and Heating Oil Futures Extended Listings  
Effective Sunday, April 15, 2007 (for trade date Monday, April 16), the following NYMEX products on CME Globex will be extended:

Extended Listings for NYMEX on CME Globex Products
Product Instrument Group Code Product Code Currently Listed Months New Listed Months Implied Months
Physically Settled Crude Oil Futures CL CL 72 78 24
Physically Settled Heating Oil CL HO 18 36 24

With this launch, all currently listed calendar, strips and intercommodity spreads for both the physically settled Crude Oil and Heating Oil will be available for the full listing ranges.

These extended contract months are currently available for customer testing in the certification environment.


Reminder: NYMEX Products on the CME Market Data Platform  
Effective Sunday, May 6, 2007, CME is decommissioning the legacy NYMEX market data channel (20) 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 leveraged the scalability of the CME Market Data Platform and introduced three new channels for NYMEX and COMEX ® products.

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.

More information on NYMEX and COMEX products on the CME Globex platform is available at www.nymexoncmeglobex.com.


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