GLOBEX Advisory Notices
To CME Globex Customers
From CME Globex Account Management
Subject CME Globex Notices: October 8, 2007
Notice Date 2007-10-08
Notice Number 100807
Effective Date 1969-12-31
CME Globex(R) Notices

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.

COMEX Copper Options
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.

NYMEX Options Strategies
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.