Welcome to the CME Globex Notices for the week of December 31, 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
CBOT and Hosted Exchange Mock Trading this
Saturday, January 5
Effective
January 2008, the CBOT and Hosted Exchange functionality and products are
scheduled to launch on the CME Globex electronic trading platform.
Participation in this weekend's mock trading session is
strongly encouraged. This is the last mock trading session before the first CBOT
migration weekend on CME Globex. In addition, this Saturday's session will incorporate an
additional rollback contingency test to ensure client systems can effectively transition from CME
Globex to the e-cbot platform in the unlikely event a contingency scenario is invoked. More
information is available in the
CBOT Mock
Trading Plan.
Customers participating in this Saturday's mock trading session are requested to call into the
conference bridge at 866.548.4703, passcode 584529, to receive important updates and information
during the session.
The updated
CBOT Mock
Trading Plan is available online. The
Client Impact
Assessment for the CBOT & Hosted Exchange launch on CME Globex is also available. All
documentation for this migration to the CME Globex electronic trading platform is available on the
CME Group Web
site.
| CBOT
& Hosted Exchange Launch Schedule |
| Mock Trading Sessions |
December
1 - Complete |
| December
15 - Complete |
| December
22 - Complete |
|
January 5
|
| January
12 |
| January
26 |
| Commodities,
Dow & Hosted Exchanges Product Launch |
January
13 |
| Interest
Rate Product Launch |
January
27 |
All CBOT-related functionality and CBOT and Hosted Exchange products are currently available for
testing in New Release. Customers can certify for Cabinet pricing in New Release via the AutoCert+
tool.
Please note: this brief certification is
required for all systems that support options on the CME Globex platform.
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.
All of the volatility-quoted options suite, including all maturities in the American- and
European-style, and Straddle, Strangle and Vertical strategies, are currently available in the New
Release environment for customer testing.
Customers can now certify for volatility-quoted options in New Release via AutoCert+. This brief
certification is
mandatory for all systems that will provide trading access to these options.
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
CME Globex Trading Hours for Dow Jones Equity Index
Products
When the legacy CBOT Dow Jones Index contracts launch on the CME Globex platform, scheduled for
Sunday, January 13, 2008 (trade date Monday, January 14), the trading hours will
be harmonized with the other CME Group equity futures and options.
| Product |
Current Trading Hours |
New Trading Hours |
| Floor
Hours |
e-cbot
Hours |
Floor
Hours |
CME
Globex Hours |
| E-mini
Dow ($5) Futures and Options |
n/a |
6:15 p.m. to 4:00 p.m. next day |
n/a |
Mon-Thu: 3:30 p.m. to 3:15 p.m. next day;
maintenance window 4:30 to 5:00 p.m.
Sun & Holidays: 5:00 p.m. to 3:15 p.m. next day |
| BIG
Dow ($25) Futures |
| Dow
Jones US Real Estate Futures |
| Dow
($10) Futures and Options |
7:20
a.m. to 3:15 p.m. |
6:15
p.m. to 7:00 a.m. next day |
8:30
a.m. to 3:15 p.m. |
Mon-Thu:
3:30 p.m. to 8:15 a.m. next day;
maintenance window 4:30 to 5:00 p.m.
Sun & Holidays: 5:00 p.m. to 8:15 a.m. next day |
Russian Ruble Futures Extended
Effective
Sunday, January 20, 2008 (trade date Monday, January 21), the listed Russian Ruble
futures will be extended out four additional years on the CME Globex platform. The number of listed
contracts will be extended to a total of 20 March quarterly cycle futures, from the currently
available four.
These additional futures will be available for customer testing in Certification and New Release
on Monday, January 7.
Brazilian Real Futures Quarterly Calendar
Spreads
Effective
Sunday, January 20, 2008 (trade date Monday, January 21), in response to customer
requests, CME Group will list four March quarterly cycle contract month calendar spreads for
Brazilian Real futures. These quarterly calendar spreads are in addition to the currently listed
serial calendar spreads.
The four new March quarterly cycle calendar spreads for Brazilian Real futures will be
constructed:
- 2nd March Quarterly vs. 1st March Quarterly
- 3rd March Quarterly vs. 1st March Quarterly
- 4th March Quarterly vs. 1st March Quarterly
- 3rd March Quarterly vs. 2nd March Quarterly
These serial contract month calendar spreads for Brazilian Real futures are currently listed on
CME Globex:
- Month 2 vs. Month 1
- Month 3 vs. Month 1
- Month 4 vs. Month 1
- Month 3 vs. Month 2
- Month 4 vs. Month 2
- Month 5 vs. Month 2
Twelve consecutive months of outright Brazilian Real futures are listed on CME Globex.
These new quarterly calendar spreads will be available for customer testing in New Release on
Monday, January 7.
|