GLOBEX Advisory Notices
To CME Globex Customers
From CME Globex Account Management
Subject CME Globex Notice: August 13, 2007
Notice Date 2007-08-13
Notice Number 081307
Effective Date 1969-12-31
CME Globex(R) Notices

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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