Welcome to the CME Globex Notices for the week of October 8, 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
ITC 2.1 Changes on the Market Data Platform
Effective
this Sunday, October 14, 2007, CME Group will implement changes to the current ITC
2.1 channel schema for CME Globex data on the Market Data Platform. The following channels will be
added to the Market Data Platform to provide more granular and scalable ITC 2.1 format market
data:
- Channel 200 - CME Globex Equity Futures
- Channel 201 - CME Globex Equity Options
- Channel 202 - CME Globex Interest Rate Futures
- Channel 203 - CME Globex Interest Rate Options
- Channel 204 - CME Globex FX Futures
- Channel 205 - CME Globex FX Options
- Channel 206 - CME Globex Commodity, Industrials and TRKRS Futures
- Channel 207 - CME Globex Commodity, Industrials and TRKRS Options
These changes
only impact the ITC 2.1 channels; there is no change to RLC-format channels.
The current channels 4, 5 and 6 for CME Globex ITC 2.1 market data will be maintained in
parallel with the new channels in production until December 1, 2007.
- Channel 4 - CME Globex Futures
- Channel 5 - CME Globex Options
- Channel 6 - CME Globex Spreads
Please note: these ITC 2.1 channels, 4-6 and 200-207, disseminate
Top of Book market data only.
These new channels are currently available for customer testing in the New Release environment,
and in Certification on October 16. The
channel definitions for New
Release are now available at
www.cme.com/certsdk.
Introducing Alphanumeric Host Order Numbers
(HON)
Effective
Sunday, October 28, 2007, CME Group is launching alphanumeric Host Order Numbers
(HON) in FIX tag 37, OrderID, in all applicable iLink messaging.
Alphanumeric values for tag 37 are currently available in the New Release environment. The
following December 2007 futures are available with an alphanumeric HON in New Release:
- NYMEX Crude Oil - CLZ7
- E-mini S&P 500
® - ESZ7
- Eurodollar - GEZ7
- Euro FX - 6EZ7
Tag 37 is defined with a String format in the
iLink Message Specifications module of
the iLink Software Development Kit (SDK), so there is no field type change. Tag 37 is used to
uniquely identify orders per contract, per trading session. Currently numeric only, tag 37 will use
alphanumeric values to support the growth in trading and messaging volume.
Changes to Instrument Creation (MO) Replay
Channels
Effective
Sunday, November 18, 2007, CME Group is introducing new Instrument Creation (MO)
Replay channels on the Market Data Platform in production. With these new channels, every product
RLC data channel (e.g., channel 7, Equity futures; channel 8, Equity options, etc.) will have a
dedicated MO Replay channel so customers can listen
only to the MO messages for which they receive market data.
The current MO Replay channels (channel 1 and 16) will be maintained in parallel for at least
eight weeks before those channels are decommissioned.
Please note, these changes only affect the RLC-format channels. There are no changes to the ITC
2.1-format channels.
The new MO Replay channels are currently available in New Release for customer testing. The new
MO replay channels will be available in Certification on Wednesday, November 21. The
channel definitions for New
Release are now available at
www.cme.com/certsdk.
New Functionality
FIX/FAST Launch
This Sunday, October 14, 2007, CME Group is launching the new
FIX/FAST market data format on
the CME Globex platform. FIX/FAST is the basis of a new industry standard for market data 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.
Customers are now able to certify their applications for FIX/FAST in New Release via AutoCert+.
More information on certification is available in the
AutoCert+ User Guide. FIX/FAST
is currently available for customer testing in the New Release environment. Customer certification
for FIX/FAST is
mandatory.
Customers must complete their migration to FIX/FAST from the legacy RLC format market data by
October 17, 2008. After October 17, surcharges will be assessed for each site
still receiving RLC format market data.
- $2,000 per week in October
- $4,000 per week in November
- $6,000 per week in December
The legacy RLC format market data will be eliminated no later than the
end of December 2008.
The FIX/FAST Software Development Kit, including Market Data Platform channel definitions and
reference code, is available online at
www.cme.com/fixfast.
For more information, please contact your
CME Globex Account Manager at
312.648.3736; or at +44.20.7796.7100 in Europe or +852.3101.7696 in Asia.
Product Launches
COMEX Copper Options Launch on CME Globex
Effective
this Sunday, October 14, 2007 (for trade date Monday, October 15), options on
COMEX Copper futures will launch on the CME Globex electronic trading platform. Complete CME Globex
product specifications are available in the
NYMEX & COMEX Options on CME
Globex Snapshot. More information on Copper options is available from
NYMEX Product Marketing at 212.299.2301.
| Product |
Instrument
Group Code |
Product
Code |
MDP
RLC Channel |
| Copper
Options |
1U |
HXE |
37 |
COMEX Copper options on the CME Globex platform are currently available for customer testing in
the Certification environment.
Commodity Excess Return Futures Cancelled!
The previously announced launch of the Commodity Excess Return Futures (CERFs), scheduled for
this Sunday, October 14, has been cancelled.
E-mini MSCI Emerging Markets Futures Launch
Effective
Sunday, October 21 (for trade date Monday, October 22), E-mini MSCI Emerging
Markets futures will launch on the CME Globex platform.
Based on the MSCI Emerging Markets Index, these new futures allow customers to quickly and
efficiently manage exposure to the active global emerging markets segment. The E-mini MSCI Emerging
Markets futures are a powerful tool for capturing the opportunities presented by developing
economies, based on the leading emerging markets benchmark index.
| Product |
Instrument
Group Code |
Product
Code |
Listed
Contracts |
| E-mini
MSCI Emerging Markets Futures |
EF |
EMI |
2
quarterlies |
| Product |
Instrument
Group Code |
Product
Code |
Strategy
Type Code |
Listed
Contracts |
| E-mini
MSCI Emerging Markets calendar spreads |
EF |
EMIMY-EMI
MY† |
EQ |
1
spread |
†
MY = Month and year in normal CME Group terminology, e.g. Z7
The E-mini MSCI Emerging Markets futures are currently available in the New Release environment
for customer testing.
Product Changes
Futures Strips on NYMEX Uranium Launch
Effective
this Sunday, October 14 (for trade date Monday, October 15), strips on the NYMEX
Uranium futures will be launched on the CME Globex platform. These new strips will use the Strategy
Type Code
FS. Complete CME Globex product specifications are available in the
NYMEX on CME Globex Snapshot.
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 Uranium strips are currently available in the Certification environment for customer
testing.
NYMEX Options Strategies on CME Globex
Effective
this Sunday, October 14 (for trade date Monday, October 15), the following
strategies on NYMEX options will be launched on the CME Globex platform. Complete CME Globex
product specifications are available in the
NYMEX & COMEX Options on CME
Globex Snapshot.
With this launch, full User-Defined Spreads (UDS) functionality, including Combos and Covereds,
will be supported for these NYMEX options. More information on UDS functionality is available in
the Options modules of the
iLink SDK and
Market Data Platform SDK.
| Product |
Instrument
Group Code |
Product
Code |
Strategy
Type Code |
MDP
RLC Channel |
| Crude
Oil Options Straddles |
1N |
LO |
ST |
35 |
| Crude
Oil Options Strangles |
SG |
| Crude
Oil Options Verticals |
VT |
| Crude
Oil Options Butterflies |
BO |
| Gold
Options Straddles |
1Y |
OG |
ST |
37 |
| Gold
Options Strangles |
SG |
| Gold
Options Verticals |
VT |
| Gold
Options Butterflies |
BO |
| Natural
Gas Options Straddles |
1T |
ON |
ST |
36 |
| Natural
Gas Options Strangles |
SG |
| Natural
Gas Options Verticals |
VT |
| Natural
Gas Options Butterflies |
BO |
| Silver
Options Straddles |
S1 |
SO |
ST |
37 |
| Silver
Options Strangles |
SG |
| Silver
Options Verticals |
VT |
| Silver
Options Butterflies |
BO |
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 strategies are currently available in the Certification environment for customer
testing.
Events and Announcements
Performance Testing Windows in Certification and
New Release
Effective
Monday, October 22, weekly performance testing windows will be supported in
Certification and New Release environments. During the performance testing windows, peak volume,
real time, production level market data will be broadcast on all products listed on the CME Globex
platform. Customers may send iLink messages and interact with production-like messaging rates.
- Certification Performance Testing Window: Thursdays, 7:00 - 9:00a.m. Central time (CT)
- New Release Performance Testing Window: Fridays, 7:00 - 9:00a.m. Central time (CT)
Due to bandwidth limitations, VPN customers should
not connect during the performance testing windows. Customers interested in
performance testing in Certification or New Release are strongly advised to adopt one of the new,
higher-bandwidth connectivity options, including CME CERTLink and Client CERTLink.
More information on the testing environments and the performance testing windows is available in
Certification Environments
Overview.
CME Group Metals Update
As a result of customer demand, the CME Group metals complex will continue to trade on eCBOT
through June 2008. Details of a longer term solution will be provided at a later date.
We will continue to fully support the trading, clearing, marketing and customer support for the
100 oz. gold, mini-sized gold, 5,000 oz. silver and mini-sized silver futures and options on
futures contracts.
CME Group is the only exchange to offer a straight-thru clearing platform through its electronic
vault receipt program as well as to provide for directed fungibility of its mini-sized gold and
silver futures contracts with its full-size counterparts.
Update! CME Globex Trader Decommission
Postponed!
CME Group is postponing the CME Globex Trader decommission until May 30, 2008.
In 2006, CME announced the decision to decommission CME Globex Trader by the end of 2007 because
of the system's aging functionality and infrastructure and declining user base. In response to
customer feedback on the integration of CME and CBOT trading floors, CME Group will postpone the
CME Globex Trader decommission. This extension will allow customers to use CME Globex Trader on the
CME trading floors at 20 S. Wacker until their closure.
Please note: although CME Globex Trader will be available until the floor migration is complete,
CBOT and Hosted Exchange products will not be available for trading on CME Globex Trader, and CME
Globex Trader terminals will not be available on the new CME Group floors at 141 W. Jackson.
Traders may replace CME Globex Trader with a
third-party application. CME Group
front-end applications include
EOS Trader, an options-centric
trading application with limited futures trading functionality, and
Galax-C, a handheld system used to
access CME Globex markets from the open outcry trading floors.
Finally, with the postponement there will be no change to the monthly fees, and VPN access will
continue to be available until May 30, 2008.
©
Copyright 2007 CME Group All rights reserved.
The Globe Logo, Globex®, E-mini®, iLink®, Globex Trader®, Galax-C®, TRKRS®, EOS Trader
TM
and CME® are trademarks of CME Group. |