CME Globex Notices: July 30, 2007

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

CBOT and Hosted Exchange Products and Functionality in New Release
Effective Monday, August 13, 2007, in the New Release environment, the CBOT and Hosted Exchange products and functionality will be available for customer testing.

All CBOT and Hosted Exchange futures, options, spreads and strategies scheduled to launch in production in January 2008 will be available in New Release with this release. Commodities, Dow and Hosted Exchange futures and options are scheduled to launch January 13, 2008. Interest Rate futures and options are scheduled to launch January 27. Jade and Metal products are not included in this launch.

The new functionality to support this launch includes Fractional and Cabinet pricing; matching algorithms; new spreads; and enhancements to the Instrument Creation (MO) and Security Definition (MU) market data messages. Complete information on the customer system impacts for this launch is available in the CBOT Client Impact Assessment.

New Functionality

FIX/FAST Launch in New Release Environment
Effective Monday, August 13, 2007, in the New Release environment, CME Group is launching the new FIX/FAST market data format for customer testing. FIX/FAST drastically reduces end-to-end latency and improves bandwidth scalability. The new format is based on FIX and FAST protocols for increased efficiency. FIX provides the core message structure and syntax while the FAST protocol increases optimization. FIX/FAST is the basis of a new industry standard for market data.

The FIX/FAST Software Development Kit, including Market Data Platform channel definitions and reference code, is available online at www.cme.com/fixfast. Please note: the TCP replay functionality will not be available in New Release with this launch. The TCP replay functionality launch will be announced in a later CME Globex Notice.

FIX/FAST is scheduled to launch in production in Q3 2007.

Product Launches

Cat In A Box Futures Launch
Effective this Sunday, August 5, 2007 (for trade date Monday, August 6), the following hurricane futures will launch on the CME Globex platform:

Product	Instrument Group Code	Product Code
Cat In a Box futures	HF	HP1-HP9, HP0
Cat In a Box Seasonal futures		HPA
Cat In a Box Seasonal Maximum futures		HPM

Cat In a Box products provide a vital risk management tool against natural catastrophes occuring in a pre-defined geographical area. The area covered by these futures and options is located in the Gulf of Mexico, defined by 95°30'0"W on the west, 87°30'0"W on the east, 27°30'0"N on the south and United States coastline on the north.

These Cat In a Box products are currently available for customer testing in the New Release environment.

Futures Strips on Cash-Settled Butter and Dry Whey Futures
Effective this Sunday, August 5, 2007 (for trade date Monday, August 6), CME Group is launching 3-, 6- and 12-month futures Packs for Cash-Settled Butter and Dry Whey futures. These new spreads will use Strategy Type Code FS.

The Strategy Type Code can be found at position 727-728 in the Instrument Creation (MO (m-oh)) RLC market data message. More information on the Strategy Type Code and MO messages is available in the RLC Message Specifications module of the Market Data Platform SDK.

These new Packs are currently available in the New Release environment for customer testing.

New S&P Futures and Options Launch
Effective Sunday, August 19, 2007 (for trade date Monday, August 20), the following new S&P equity products will launch on the CME Globex platform.

New S&P Futures and Options Outrights on CME Globex

Product	Instrument Group Code	Product Code
S&P SmallCap 600® futures†	SM	SMP
E-mini S&P MidCap 400® option outrights	MC	EMD

† S&P SmallCap 600 futures will be available for trading on CME Globex during Electronic Trading Hours (ETH) only.

New E-mini S&P MidCap 400 Option Spreads on CME Globex

Product	Strategy Type Code	Instrument Group Code	Product Code
Horizontal Option Spread	HO	8V	EMD
Butterfly Option Spread	BO
Strangle Option Spread	SG
Straddle Option Spread	ST
Vertical Call Option Spread	VC
Vertical Put Option Spread	VP

These new Equity futures, options and spreads will be available for customer testing in the Certification environment this Monday, August 6.

NYMEX RBOB and Heating Oil Options Launch on CME Globex
Effective Sunday, August 19 (for trade date Monday, August 20), NYMEX RBOB and Heating Oil options on futures will launch on the CME Globex platform. Complete CME Globex product specifications are available in the NYMEX Options on CME Globex Snapshot. More information on these NYMEX options is available from NYMEX Product Marketing at 212.299.2301.

CME Group will be hosting a mock trading session for the NYMEX RBOB and Heating Oil options on CME Globex Saturday, August 11. More information will be available prior to the session.

NYMEX RBOB and Heating Oil Options on CME Globex

Product	Instrument Group Code	Product Code	MDP RLC Channel
RBOB Options	OB	OB	35
Heating Oil Options	OH	OH	35

The NYMEX RBOB and Heating Oil options will be available for customer testing in the Certification environment this Monday, August 6.

Weekly American-Style FX Options on CME Globex
Effective Sunday, August 26, 2007 (for trade date Monday, August 27), the following Weekly American-style FX options on futures will launch on the CME Globex platform.

Weekly American-style FX Options on CME Globex

Weekly FX Options	Instrument Group Code	Product Code
Australian Dollar	ZA	6A1-6A5
British Pound	XB	6B1-6B5
Canadian Dollar	XD	6C1-6C5
Euro FX	XT	6E1-6E5
Japanese Yen	XJ	6J1-6J5
Swiss Franc	XS	6S1-6S5

These new Weekly American-style FX options will be available in Certification for customer testing Monday, August 13.

Wood Pulp Futures and Options Launch
Effective Sunday, September 9, 2007 (for trade date Monday, September 10), Northern Bleach Softwood Kraft Pulp Europe (Softwood Pulp) futures and options will launch on the CME Globex platform. Softwood Pulp options will be eligible for User-Defined Spreads (UDS) Combos and Covereds at launch.

Softwood Pulp on CME Globex

Product	Instrument Group Code	Product Code
Softwood Pulp Futures	WP	WP
Softwood Pulp Option Outrights	W0 (zero)
Softwood Pulp Options Spreads	W2

These Softwood Pulp instruments will be available in the Certification environment for customer testing Monday, August 27.

Product Changes

Equity Options Expansion on CME Globex
Effective Sunday, August 19, 2007 (for trade date Monday, August 20), the following Equity options listings will be extended:

Expanded Equity Options Listings on CME Globex

Options	Instrument Group Code	Product Code	Current Listing Rules	New Listing Rules
E-mini S&P 500® options	EZ	ES	2 quarterlies	4 quarterlies
E-mini NASDAQ-100® options	QZ	NQ
NASDAQ-100 options	XH	ND
E-mini Russell 2000®	RQ	ER
End Of Month S&P 500 options	EV	EV	3 consecutive months	6 consecutive months
End of Month E-mini S&P 500 options	EW	EW	3 consecutive months	6 consecutive months

E-mini S&P SmallCap 600 Group Code Change
Effective Sunday, August 26 (for trade date Monday, August 27), the Instrument Group Code for the E-mini S&P SmallCap 600 futures will change to ER. Currently the Instrument Group Code for the E-mini S&P SmallCap 600 futures is EP. This change will be effective in all customer environments - Production, Certification and New Release.

The Instrument Group Code can be found in the Instrument Creation (MO) RLC market data message at position 70-71. New Instrument Group Codes may require front-end system or trading application changes. Please contact your system provider for more information.

Events and Announcements

New Release Unavailable Friday, August 3
This Friday, August 3, to prepare for the upcoming CBOT launch, the New Release environment will not be available for customers. The Certification environment will be available according to the normal schedule.

Learn about the transition of CBOT trading on CME Globex

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

The Electronic Trading Customer Forums are designed to bring CME Group and its customers together. The forum will focus on electronic trading readiness for the CBOT-CME merger. By attending, you will learn how to be prepared for the migration of CBOT products onto CME Globex.

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

The forum will cover:

CME Globex Access
Customer System Impacts
Functionality Enhancements

Connectivity and the Certification Environments
Market Operations
Transition Process

London
Tuesday, August 7
15:30 Registration
16:00 Presentation
Reception to follow

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

A copy of the Customer Forum presentation
is available online.

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

CLICK HERE to register.

Testing New Products in Certification
Effective August 13, the new functionality to support CBOT products on CME Globex will be launched in the New Release environment. With this launch, functionality and messaging in the New Release environment will not mirror the production environment until the CBOT functionality is rolled into production later this year.

In the interval, to allow customers to test new products and instruments in a production-like environment, new products will be made available in the Certification environment prior to launch. The specific environment where the new products can be tested will always be identified in the CME Globex Notice article announcing the launch.

New Release, Certification and Production are completely independent environments. Product listings and ISIN codes, as found in the CME Globex Internal ID field of the MO message, may be different in each environment. CME Group recommends that customers use the Market Data Platform channels specific to each environment, as defined in the channel definitions:

More information on the testing environments is available online.