Welcome to the CME Globex Notices for the week of November 26, 2007.
Critical System Updates
New Functionality
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
ITC2.1 Market Data Platform Channel Changes
Postponed
In response to customer requests, the decommission of legacy ITC2.1 Market Data Platform
channels 4, 5 and 6 for CME Globex market data, originally scheduled for December 1, has been
postponed to
December 8, 2007.
Until December 8, the legacy ITC2.1 Market Data Platform channels will operate in parallel with
the new ITC2.1 channels. The new channel schema, launched on Sunday, October 14, provides more
granular and scalable ITC2.1-format market data. More information on this change and the new
channels is available
online.
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.
Please note: all customers must have submitted their clearing mappings by end of
day Tuesday, November 27, as a prerequisite for participating in the December 1 Mock Trading
Session.
| CBOT
& Hosted Exchange Launch Schedule |
| Mock Trading Sessions |
December
1 |
| December
15 |
| January
5, 2008 |
| January
12, 2008 |
| January
26, 2008 |
| Commodities,
Dow & Hosted Exchanges Product Launch |
January
13, 2008 |
| Interest
Rate Product Launch |
January
27, 2008 |
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. Customers can
certify for Cabinet pricing in New Release via the AutoCert+ automated certification tool.
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. The
Mock Trading Plan for
the CBOT and Hosted Exchange products launch on CME Globex is available online.
FIX/FAST Channel Definitions
As previously announced, the FIX/FAST channel definition tables in PDF format will be
available until January 2008. After January 2008, the Market Data Configuration Service will be the
only source for channel definitions. The Market Data Configuration Service is designed to ease the
recommended procedure of verifying templates and channel configuration each week at Sunday
start-up.
The Market Data Configuration Service is currently available and allows customers to receive an
XML file from an FTP site with all the Market Data Platform channel information (multicast IP,
product group and ISIN served) for FIX/FAST.
More information on the Market Data Configuration Service is available in the
Core Functionality module of the
FIX/FAST SDK, Section 2.1.2.2.
Please note: there is no change for the RLC and ITC2.1 format market data channel definition
tables.
Changes to Instrument Creation (MO) Replay
Channels
Effective
Sunday, March 30, 2008, CME Group will decommission the Instrument Creation (MO)
Replay channels 1 and 16 in the production and Certification environments. Channels 1 and 16 will
be decommissioned in New Release effective Sunday, March 2.
The new MO Replay channels on the Market Data Platform, introduced in November 2007, allow
customers to listen
only to the MO messages for which they receive market data. With these new
channels, every product RLC data channel (e.g., channel 7, Equity futures; channel 8, Equity
options, etc.) now has a dedicated MO Replay channel.
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, Certification and production.
The channel definition tables are available for Certification and New Release at
www.cme.com/certsdk,
and for production at
www.cme.com/prodsdk.
New Functionality
Volatility-Quoted Options Launch
In February 2008, CME Group is launching volatility-quoted options on six FX options
products: EuroFX, British pound, Japanese yen, Canadian dollar, Swiss franc and Australian
dollar.
Volatility-quoted options support delta-neutral trading, which virtually eliminates the
execution risk inherent to trading premium price options. The volatility-quoted options will
utilize the existing FX options and futures products.
The EuroFX volatility-quoted options suite, including all maturities in the American and
European style and Straddle, Strangle and Vertical strategies, will be available in the New Release
environment for customer testing
this Monday, December 3. The remaining volatility-quoted options will be available
Monday, December 17.
More information on these new products and the associated messaging and functionality
enhancements is available in the
Volatility-Quoted Options Client
Impact Assessment.
Product Changes
S&P GSCI and S&P GSCI ER Market Data
Change
Effective
this Sunday, December 2, 2007, RLC-format market data for the S&P® GSCI™
(product code
GD) and S&P GSCI Excess Return (product code
GA) will be disseminated on channel 13 of the Market Data Platform. Currently,
market data for these products is available on channel 7.
This change will be effective in all environments (production, Certification and New Release)
effective December 2.
There is no impact on the ITC-format market data channels with this change.
Horizontal and Vertical Strategies for Wood Pulp
Options
Effective
this Sunday, December 2, 2007 (for trade date Monday, December 3), CME Group is
launching Horizontal (Strategy Type Code:
HO) and Vertical (Strategy Type Code:
VT) strategies for Wood Pulp options on futures on the CME Globex electronic
trading platform.
These strategies are currently available for customer testing in New Release.
©
Copyright 2007 CME Group All rights reserved.
The Globe Logo, Globex®, E-mini®, iLink®, Globex Trader®, Galax-C®, TRKRS®, EOS Trader
TM
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