Welcome to the CME Globex Notices for the week of June 25, 2007.
Critical System Updates
Product Changes
Events and Announcements
If you have any questions or concerns, please contact your
CME Globex Account Manager at 312.634.8700;
+44.20.7796.7100 in Europe; or at +852.3101.7696 in Asia.
Critical System Updates
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.
To connect to the new Certification and New Release environments, customers must obtain new
connections and IDs. 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 on the migration.
New! Display Conversion Factor Update
CME is currently developing Display Conversion Factor, position 878 in the Instrument
Creation (MO (m-oh)) RLC market data message, to define the price conversion factor for every
instrument on CME Globex. During development, values in this field may change. Customers with any
concerns are encouraged to contact their
CME Globex Account Manager for a list of the
impacted instruments. The launch of the Display Conversion Factor field will be announced in these
Notices.
Product Changes
NYMEX Financially Settled Energy Futures Delisting
on CME Globex
Effective
Friday, June 29, 2007 (for trade date Monday, July 2), NYMEX is delisting the
following financially settled energy products, including spreads, on CME Globex.
| NYMEX
Energy Products Delisted on CME Globex |
| Product |
Product
Code |
Instrument
Group Code |
| Financially Settled Futures |
| Crude
Oil |
WS |
WS |
| Heating
Oil |
BH |
WS |
| RBOB
Gasoline |
RT |
WS |
| Natural
Gas Penultimate |
HP |
HP |
| Natural
Gas Last Day |
HH |
HH |
| Financially Settled TAS |
| Crude
Oil TAS |
WST |
WT |
| RBOB
Gasoline TAS |
RTT |
WT |
| Heating
Oil TAS |
BHT |
WT |
| Natural
Gas Last Day TAS |
HHT |
WT |
| Natural
Gas Penultimate TAS |
HPT |
WT |
| Future Strips |
| Crude
Oil Financial Strip |
WS-WS |
WS |
| RBOB
Gasoline Financial Strip |
RT-RT |
WS |
| Heating
Oil Financial Strip |
BH-BH |
WS |
| Natural
Gas Last Day Financial Strip |
HH-HH |
HH |
| Natural
Gas Penultimate Financial Strip |
HP-HP |
HP |
| Financially Settled Intercommodity Spreads |
| Heating
Oil vs Crude Oil |
BH:WS |
WS |
| RBOB
Gasoline vs Crude Oil |
RT:WS |
WS |
| RBOB
Gasoline vs Heating Oil |
RT:BH |
WS |
Extended Listings for NYMEX Uranium Futures on CME
Globex
Effective
Sunday, July 1, 2007 (for trade date Monday, July 2), the NYMEX Uranium futures
contracts on CME Globex will be extended from the currently listed 36 months to
60 months.
Spread Change for CME Commodities
Effective
Sunday, July 15, 2007 (for trade date Monday, July 16), at customers' request, CME
is changing the configuration of the CME Commodities
3-Way Call future spreads. 3-Way spreads are listed on CME Globex for the CME Live
Cattle and CME Lean Hog futures.
The new leg configuration will be:
- Leg 1 - Buy Call at strike price
- Leg 2 - Sell Call at higher strike price
- Leg 3 - Sell Put at lower strike price
Currently, the 3-Way Call future spread is configured:
- Leg 1 - Buy Call at strike price
- Leg 2 - Sell Put at lower strike price
- Leg 3 - Sell Call at higher strike price
These spreads with the new leg configuration will be available in New Release for customer
testing after the maintenance window on Wednesday, July 11.
CME Eurodollar Extension
Effective
Sunday, July 15, 2007 (for trade date Monday, July 16), implied functionality will
be extended out through the first ten years (40 contract months) for CME Eurodollar futures and
future spreads. With this launch, CME is also launching implied butterfly and calendar futures
spreads for the second five years. Implied butterfly and calendar futures spreads for the first
five years are already available on the CME Globex platform.
The additional butterfly and calendar spreads and implied functionality are currently available
in New Release for customer testing.
Maximum Order Quantity Increase for CME Eurodollar
Futures
At customer requests, effective
Sunday, July 22, 2007 (for trade date Monday, July 23), the Maximum Order Quantity
for the first two years of CME Eurodollar futures and spreads is increasing to
30,000. Currently, the Maximum Order Quantity is set to 20,000 for the first two
years.
The Maximum Order Quantity for every instrument on CME Globex is defined in the Instrument
Creation (MO (m-oh)) RLC market data message, position 533, Order Max Qty.
Instrument Group Code Changes for CME Globex
To prepare for upcoming product launches, the existing Instrument Group Codes for the
following products will be changed. The Instrument Group Code can be found in the Instrument
Creation (MO) message at position 70-71. This change will be effective in
all customer environments (Production, Certification and New Release)
Sunday, July 29, 2007.
New Instrument Group Codes may require front-end system or trading application changes. Please
contact your system provider for more information.
| New CME Instrument Group Codes |
| CME
AFFECTED PRODUCTS |
Current
Instrument Group Code |
New
Instrument Group Code |
| CME
NASDAQ-100® options on futures |
ZD |
XH |
| CME
Euro FX/Japanese Yen Cross Rate options |
ZO
(z-oh) |
X8 |
| CME
E-mini Russell 1000® futures |
RS |
XU |
| CME
Israeli Shekel futures |
IS |
XI
(x-eye) |
| CME
Futures on iShares Russell 2000 Index Fund™ |
IW |
QQ |
| CME
EuroFX options |
ZC |
XT |
| CME
New Zealand Dollar outright options |
ZN |
2N |
| CME
New Zealand option spreads |
0N
(zero-N) |
3N |
Events and Announcements
CME Globex Fourth of July Holiday Schedule
The Fourth of July Holiday schedule for the CME Globex platform is now available
online.
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:
- Key Dates and Events
- CME Globex System Impacts
- Product-Specific Functionality
- Fractional and Cabinet Pricing
- Implied Spread Functionality
- Matching Algorithms
- Market Data Messages and Channels
- Testing and Certification
- Bandwidth Recommendations
- Messaging Policy Implications
- 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.
©2007
Chicago Mercantile Exchange Inc (CME). All rights reserved.
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