GLOBEX Advisory Notices
To CME Globex Customers
From CME Globex Account Management
Subject CME Globex Notices: May 14, 2007
Notice Date 2007-05-14
Notice Number 051407
Effective Date 1969-12-31
CME Globex(R) Notices

Welcome to the CME Globex Notices for the week of May 14, 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.


Learn the latest in electronic trading on CME Globex  

FCMs, IBs, proprietary trading groups, ISVs and market data distributors -
Register today for the Singapore 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
Singapore
Thursday, 7 June 2007

16:30 Registration
16:45 Presentation
Reception to follow

Fullerton Hotel
The Straits Room, 4th Floor
1 Fullerton Square
Singapore

CLICK HERE to register.


Account FIX Tag 1 Reminder  
As a reminder, CME strongly recommends customers do not use any leading spaces in Account, FIX tag 1, in all CME iLink messaging. Submitting tag 1 with leading spaces can impact the CME Globex Control Center's ability to provide order and trade status.

Complete information on CME iLink messaging values are available in the CME iLink Messaging Specifications volume of the CME iLink SDK. If you have any questions or concerns about CME iLink or tag 1, please contact your CME Globex Account Manager.


Proposed CBOT Merger Client Impact Assessment  
CME previously announced that it intends to migrate e-cbot products to CME Globex in a phased approach beginning Q1 2008, subject to completion of the CME-CBOT merger, which is expected to occur mid-2007, pending approvals by regulators, shareholders of both companies and CBOT members, as well as completion of customary closing conditions. In an effort to provide information as early as possible regarding this electronic trading migration, the CME/CBOT Client Impact Assessment document is now available for your reference at www.cme.com/CBOTImpact. Key topics discussed in this document are as follows:

  1. Key Dates and Events
  2. CME Globex System Impacts
    • Product-Specific Functionality
    • Fractional and Cabinet Pricing
    • Implied Spread Functionality
    • Matching Algorithms
    • Market Data Messages and Channels
    • Testing and Certification
  3. Bandwidth Recommendations
  4. Messaging Policy Implications
  5. User Identification

For more information about this client impact document, please contact CME Globex Account Management or via phone at 312.634.8700 or at +44.20.7796.7100 in Europe.


Reminder: CME Market Data Platform Lite Channel Elimination  
Effective Sunday, May 20, the CME Market Data Platform Lite Channel (channel 18) will be decommissioned. CME recommends all customers verify they are not relying solely on the Lite Channel for market data before May 20.


Reminder: CME Hurricane Seasonal Maximum Futures Launch  
Effective this Sunday, May 20, 2007 (for trade date Monday, May 21), the CME Hurricane Seasonal Maximum futures will launch on the CME Globex platform. Based on the Carvill Hurricane Indexes (CHI TM ), the CME Hurricane Seasonal Maximum futures represent the highest index value of the season for each region.

CME Hurricanes Seasonal Maximum Futures
Region Instrument Group Code Product Code
Florida HF HFM
Gulf Coast HF HGM
Northern Atlantic Coast HF HNM
Southern Atlantic Coast HF HSS
Eastern U.S. HF HXM

These CME Hurricane Seasonal Maximum futures are currently available for customer testing in the New Release Certification environment.


Reminder: CME Hurricane Seasonal Futures Launch  
Effective this Sunday, May 20 (for trade date Monday, May 21), the CME Hurricane Seasonal futures will launch on the CME Globex platform. Based on the Carvill Hurricane Indexes (CHI), the CME Hurricane Seasonal futures represent the total cumulative index values for all hurricanes that make landfall in each region during each hurricane season.

CME Hurricanes Seasonal Futures
Region Instrument Group Code Product Code
Florida HF HFA
Gulf Coast HF HGA
Northern Atlantic Coast HF HNA
Southern Atlantic Coast HF HSA
Eastern U.S. HF HXA

These CME Hurricane Seasonal futures are currently available for customer testing in the New Release Certification environment.


Reminder: CME E-mini FTSE/Xinhua China 25 Index Futures Launch  
Effective this Sunday, May 20 (for trade date Monday, May 21), the CME E-mini FTSE ®/Xinhua ® China 25 Index futures on the CME Globex platform.

The CME E-mini FTSE/Xinhua China 25 Index futures are designed to meet the growing need for 24-hour access to the Chinese equity markets. The FTSE/Xinhua China 25 Index is comprised of 25 of the largest, most liquid red-chip and H-share Chinese companies listed on the Hong Kong Stock Exchange.

CME E-mini FTSE/Xinhua China 25 Index futures are currently available for customer testing in the New Release Certification environment.


Reminder: CME Market Data Platform Channel Changes in New Release Certification - Critical System Impact  
Effective 5:00 p.m. Central time, this Wednesday, May 24, the ports and IP addresses for all CME Market Data Platform channels in the New Release Certification environment are changing. Data will no longer be available at the current ports and IP addresses. Customers receiving market data in the New Release Certification environment must access the new ports and IP address to receive market data.

The new CME Market Data Platform channel information for the New Release Certification environment is available online. The current channel information is also available online.


Memorial Day Schedule  
The CME Globex Memorial Day schedule, for Monday, May 28, is now available online.


Reminder: Discontinuing CME Globex Trader Licenses  
Effective May 31, 2007, no new CME Globex Trader licenses or IDs will be issued. CME anticipates CME Globex Trader will be decommissioned by the end of this year.

The limitation of CME Globex Trader to futures markets, aging functionality and infrastructure, and the declining user base have led to the decision to decommission CME Globex Trader. Traders may replace CME Globex Trader with a third-party application, CME EOS Trader or CME Galax-C handhelds to access CME Globex markets.

More information is available in the CME Globex Trader Update.


Reminder: CME Commodities Extended Electronic Trading Hours  
Effective Monday, June 4, 2007, trading hours for CME Commodity futures and options on CME Globex will be extended to virtually 24 hours a day. The markets will open for trading at 9:05 a.m. Central time (CT) Mondays and close at 1:30 p.m. CT Fridays, with a daily 60 minute trading halt and trade date roll at 4:00 p.m.


Reminder: NYMEX Options Launch on CME Globex  
Effective Sunday, June 24, 2007 (for trade date Monday, June 25), options on NYMEX Crude Oil and Natural Gas futures and COMEX Gold and Silver futures will launch on CME Globex.

For NYMEX options, CME is introducing variable length strike prices of up to 5 bytes in the Complete Instrument Code field in RLC market data messages and in SecurityDesc (FIX tag 107) in CME iLink messages. Currently, in these fields CME supports fixed strike prices within product groups of up to 4 bytes. More information on RLC market data is available in the CME Market Data Platform SDK RLC Message Specifications volume. More information on CME iLink messaging is available in the CME iLink SDK Message Specifications volume.

CME will host two mock trading sessions in the CME production environment for customers, on Saturday, June 16 and Saturday, June 23. More information on the mock trading sessions will be available soon.

NYMEX Options
Product Instrument Group Code Product Code MDP Channel
Crude Oil LO LO 35
Natural Gas ON ON 36
Gold OG OG 37
Silver SO SO 37

These NYMEX options will be available for customer testing in the New Release Certification environment this Monday, May 21.

More information about this NYMEX options launch is available at www.nymex.com.


Reminder: Legacy CME Certification Environment Decommission  
Effective July 1, 2007, CME is decommissioning the legacy CME certification environment. The new certification environments, launched earlier this year, provide greater flexibility and functionality for developing, testing and certifying customer applications. More information on the new certification environments is available at www.cme.com/cert.

New IDs for the legacy CME certification environment are no longer available.

Any customers currently connected to the legacy CME certification environment will need to migrate to the new environments before the July 1 cut-off. Please contact your CME Globex Account Manager for more information and to start your migration.


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