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:
| 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.
©2007
Chicago Mercantile Exchange Inc (CME). All rights reserved.
The Globe Logo, Globex®, E-mini®, iLink® Globex Trader® and CME® are trademarks of CME |