Welcome to the CME Globex Notices for the week of August 6, 2007.
Critical System Updates
New Functionality
Product Launches
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
CBOT and Hosted Exchange Products and Functionality
in New Release
Effective
this 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
this 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
NYMEX Ardour Global Index Futures Launch
Effective
Sunday, August 19, 2007 (for trade date Monday, August 20), the NYMEX Ardour
Global Index futures will launch on the CME Globex electronic trading platform. Complete CME Globex
product specifications are available in the
NYMEX on CME Globex Snapshot. More information
on Ardour Global Index futures is available from
NYMEX
Product Marketing at 212.299.2301.
The Ardour Global Index futures are based on the Ardour Global
SM
(Extra Liquid) (Ardour-XL
SM
) Index, a benchmark index for the global alternative energy industry.
| NYMEX Ardour Global Index Futures |
| Product |
Instrument
Group Code |
Product
Code |
MDP
RLC Channel |
| Ardour
Global Index |
AX |
AX |
30 |
The Ardour Global Index futures are currently available in the Certification environment.
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 are currently available for customer testing in
the Certification environment.
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
this Saturday, August 11. The Mock Trading Session
Plan and
Script are both available online.
| 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 are currently available for customer testing in the
Certification environment.
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 this 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.
Intercommodity Spread for Equity Futures
Effective
Sunday, September 9, 2007 (for trade date Monday, September 10), a new
intercommodity spread between the new E-mini S&P SmallCap 600 and the E-mini Russell 2000®
futures will be available for trading on the CME Globex platform.
The new spread, Strategy Type Code
IR, is a 2:1 ratio spread and will not support implied functionality.
The IR intercommodity spread will be available in New Release for customer testing Monday,
August 20.
Product Changes
NYMEX iPort 3-2-1 Plus Delisting
Effective
tomorrow, Friday, August 10, the NYMEX iPort 3-2-1 Plus™ futures, spreads and TAS
contracts will be
delisted from the CME Globex platform.
| Delisted NYMEX iPort 3-2-1 Plus Products |
| Product |
Instrument
Group Code |
Product
Code |
| 3-2-1
Plus Futures and Spreads |
WX |
WX |
| 3-2-1
Plus TAS |
WT |
WXT |
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 |
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 12-5, Friday, August
10
This Friday, August 10, to prepare for the listing of CBOT and Hosted Exchange products, the
New Release environment will not be available for customers from 12:00 - 5:00 p.m. Central time.
The Certification environment will be available according to the normal schedule.
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.
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