Welcome to the CME Globex Notices for the week of August 13, 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
Launch
Effective
January 2008, the CBOT and Hosted Exchange functionality and products are
scheduled to launch on the CME Globex electronic trading platform. 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.
All CBOT-related functionality and CBOT and Hosted Exchange products, including futures,
options, spreads and strategies, are currently available for testing in New Release.
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
Q3 2007, CME Group is scheduled to launch the new FIX/FAST
SM
market data format on the CME Globex platform. FIX/FAST drastically reduces end-to-end
latency and improves bandwidth scalability. The new format is based on FIX
SM
and FAST
SM
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.
FIX/FAST is currently available for customer testing in the New Release environment.
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.
Product Launches
NYMEX Ardour Global Index Futures Launch
Effective
this 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
this 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. The S&P SmallCap 600 futures are the first CME Group Expanded-Access
Product. More information on the new EAP program is available
online.
| 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
this 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.
| 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 |
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 this Monday,
August 20.
Product Changes
Equity Options Expansion on CME Globex
Effective
this 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 Tick Change
Effective
this Sunday, August 19 (for trade date Monday, August 20), the CME Globex tick
size for the E-mini S&P SmallCap 600 futures (CME Globex product code
SMC) will change from the current tick of 0.05 to the new tick of
0.1. This change will be effective in all environments upon launch.
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
17
This Friday, August 17, 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.
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Copyright 2007 CME Group All rights reserved.
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