Welcome to the CME Globex Notices for the week of August 20, 2007.
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.
Product Launches
Weekly American-Style FX Options on CME
Globex
Effective
this 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 this 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 is currently available in New Release for customer testing.
Dairy Launch on CME Globex
Effective
Sunday, September 9 (for trade date Monday, September 10), the following dairy
commodity futures and options will launch on the CME Globex platform.
| Dairy Future Outrights on CME Globex |
| Product |
Instrument
Group Code |
Product
Code |
| Non-Fat
Dry Milk futures |
DC |
GNF |
| Class
IV Milk futures |
DC |
GDK |
| Dairy Future Spreads on CME Globex |
| Product |
Strategy
Type Code |
Instrument
Group Code |
Product
Code |
| Non-Fat
Dry Milk Calendar Spreads |
SP |
DC |
GNF |
| Non-Fat
Dry Milk 3-, 6- & 12-month Packs |
FS |
DC |
GNF |
| Class
IV Milk Calendar Spreads |
SP |
DC |
GDK |
| Class
IV Milk 3-, 6- & 12-month Packs |
FS |
DC |
GDK |
| Dairy Option on Futures on CME Globex |
| Product |
Instrument
Group Code |
Product
Code |
| Non-Fat
Dry Milk Options |
N7 |
GNF |
| Class
IV Milk Options |
D8 |
GDK |
| Dry
Whey Options |
Y0
(zero) |
DY |
| Cash-Settled
Butter Options |
C0
(zero) |
CB |
| Class
III Milk Options |
A6 |
DC |
| Dairy Options Spreads on CME Globex |
| Product |
Strategy
Type Code |
Instrument
Group Code |
Product
Code |
| Non-Fat
Dry Milk Straddles |
ST |
N8 |
GNF |
| Non-Fat
Dry Milk Strangles |
SG |
N8 |
GNF |
| Non-Fat
Dry Milk Verticals |
VT |
N8 |
GNF |
| Class
IV Milk Straddles |
ST |
D9 |
GDK |
| Class
IV Milk Strangles |
SG |
D9 |
GDK |
| Class
IV Milk Verticals |
VT |
D9 |
GDK |
| Dry
Whey Straddles |
ST |
Y3 |
DY |
| Dry
whey Strangles |
SG |
Y3 |
DY |
| Dry
Whey Verticals |
VT |
Y3 |
DY |
| Cash-settled
Butter Straddles |
ST |
C3 |
CB |
| Cash-settled
Butter Strangles |
SG |
C3 |
CB |
| Cash-settled
Butter Verticals |
VT |
C3 |
CB |
| Class
III Milk Straddles |
ST |
A9 |
DC |
| Class
III Milk Strangles |
SG |
A9 |
DC |
| Class
III Milk Verticals |
VT |
A9 |
DC |
These new futures and options will be available for customer testing in the Certification
environment Monday, August 26.
Product Changes
E-mini S&P SmallCap 600 Group Code
Change
Effective
this 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
Updated ATS Policy and FAQ
The CME Group policy for Automated Trading Systems (ATS) identification and registration has
been amended to set the procedures and policies for registering ATS operators when a team of people
work together simultaneously to operate the ATS.
All clearing firms must ensure that ATS workstation operator identifier (SenderSubID, FIX tag
50) values are properly and accurately registered when so required as set forth in the Advisory.
Some ATS are now being managed by groups of individuals that simultaneously share operating and
monitoring duties. Effective August 27, 2007, the Exchange Fee System ("EFS") will support the
registration of these teams. While at this time the policy only applies to CME products, it is
anticipated that the policy will be applied to CBOT products when those products migrate to the CME
Globex platform.
This advisory will discuss the circumstances under which Team ATS may be registered, and the
procedures for doing so.
The Regulatory Advisory, with more information on the new ATS policy and the updated ATS FAQ, is
available
online.
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Copyright 2007 CME Group All rights reserved.
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