GLOBEX Advisory Notices
To CME Globex Customers
From CME Globex Account Management
Subject CME Globex Notices: March 17, 2008
Notice Date 2008-03-17
Notice Number 20080317
Effective Date 1969-12-31
Topics in this issue include:
Critical System Updates
Product Launches
Product Changes
Events and Announcements


Critical System Updates

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 have been decommissioned in New Release.

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 online for    Certification and New Release, and for    production.

Product Launches

NEW NYMEX Ethanol Futures
Effective Sunday, March 30 (trade date Monday, March 31), NYMEX Ethanol futures will be listed for trading on the CME Globex Gasoline futures (Strategy Type Code IS) will also be available.

More details on these new NYMEX products is available from NYMEX Product Marketing at 212.299.2301.

NYMEX Ethanol Futures & Spreads

Product Instrument
Group Code
Product Code Strategy
Type Code
MDP Channel EIT Code
Ethanol Futures CL QEN   30 M
Ethanol Futures Calendar Spreads QEN MY - QEN MY SP
Ethanol vs RBOB Gasoline QEN MY - RB MY IS G

These new instruments are currently available for customer testing in New Release.


NEW Options on Frozen Pork Belly Futures
Effective Sunday, April 27 (trade date Monday, April 28), options on Frozen Pork Belly futures will be listed for trading on the CME Globex platform.

These options will support User-Defined Spreads (UDS) functionality upon launch.

Options on Frozen Pork Belly Futures

Product Instrument
Group Code
Product Code MDP Channel
Frozen Pork Belly Options Outrights 5P GPB 14
Frozen Pork Belly Options Spreads 8P

These products will be available for customer testing in New Release and Certification Monday, April 14.


Nonfarm Payroll Futures and Options
Effective Sunday, April 27 (trade date Monday, April 28), CME Group is launching futures and options on the U.S. Bureau of Labor Statistics' (BLS) Nonfarm Payroll data exclusively on the CME Globex platform.

These new products will allow customers to directly manage exposure to the government labor number and offset positions in the financial markets.

Please note: these options are eligible for negative strike prices.

Nonfarm Payroll Futures & Options

Product Instrument Group Code Product Code MDP Channel
Nonfarm Payroll Futures NP NFP 9
Nonfarm Payroll Options on Futures 1F NFP 10

More information is available    online.

Nonfarm Payroll futures and options will be available for customer testing in Certification and New Release on Monday, April 14.

Product Changes

Side-by-side Trading for Grain and Oilseed Options
Effective Sunday, April 13 (trade date Monday, April 14), the options on corn, wheat, soybeans, soybean meal, soybean oil, rough rice and oats futures will be available for electronic trading on CME Globex during the open outcry (RTH) trading hours. Currently, these contracts are only available on CME Globex during electronic trading hours (ETH), 6 p.m. to 6 a.m. Sunday through Friday. With this schedule change, these options will also be available on CME Globex 9:30 a.m. to 1:15 p.m. CT.

More information is available    online.


NEW Exchange-Defined Spreads for Commodity Options
Effective Sunday, April 13 (trade date Monday, April 14), CME Group will list the following exchange-defined spreads for commodity options on the CME Globex platform.

Commodity Options Spreads

Product Instrument
Group Code
Product Code Strategy
Type Code
MDP Channel
1x2 Ratio Strategies
Corn Options CY OZC 12 112
Oats Options O9 OZO
Rough Rice Options R6 OZR
Soybean Options PZ OZS
Soybean Meal Options MY OZM
Soybean Oil Options OZ OZL
Wheat Options WZ OZW
Butterfly Strategies
Corn Options CY OZC BO 112
Oats Options O9 OZO
Rough Rice Options R6 OZR
Soybean Options PZ OZS
Soybean Meal Options MY OZM
Soybean Oil Options OZ OZL
Wheat Options WZ OZW
Horizontal Strategies
Corn Options CY OZC HO 112
Oats Options O9 OZO
Rough Rice Options R6 OZR
Soybean Options PZ OZS
Soybean Meal Options MY OZM
Soybean Oil Options OZ OZL
Wheat Options WZ OZW
Risk Reversal Strategies
Corn Options CY OZC RR 112
Oats Options O9 OZO
Rough Rice Options R6 OZR
Soybean Options PZ OZS
Soybean Meal Options MY OZM
Soybean Oil Options OZ OZL
Wheat Options WZ OZW
Straddle Strategies
Corn Options CY OZC ST 112
Oats Options O9 OZO
Rough Rice Options R6 OZR
Soybean Options PZ OZS
Soybean Meal Options MY OZM
Soybean Oil Options OZ OZL
Wheat Options WZ OZW
Strangle Strategies
Corn Options CY OZC SG 112
Oats Options O9 OZO
Rough Rice Options R6 OZR
Soybean Options PZ OZS
Soybean Meal Options MY OZM
Soybean Oil Options OZ OZL
Wheat Options WZ OZW
Vertical Strategies
Corn Options CY OZC VT 112
Oats Options O9 OZO
Rough Rice Options R6 OZR
Soybean Options PZ OZS
Soybean Meal Options MY OZM
Soybean Oil Options OZ OZL
Wheat Options WZ OZW

These new strategies will be available for customer testing in New Release Monday, March 31.


NEW NASDAQ-100 and E-mini NASDAQ-100 Options Strike Range Changes
Effective Sunday, April 27 (trade date Monday, April 28), the strike listing ranges will change for the options on NASDAQ-100® and E-mini NASDAQ-100 futures.

NASDAQ-100 & E-mini NASDAQ-100 Options Strikes

Product Product Code Strike Interval Current Listings New Listings
NASDAQ-100 Options ND 25 basis points ATM ± 15% ATM ± 30%
E-mini NASDAQ-100 Options NQ 25 basis points ATM ± 15% ATM ± 30%

These new strikes will be available for customer testing in New Release Monday, April 14.

Events & Announcements

NEW Good Friday Holiday Schedule
The CME Globex holiday schedule for tomorrow's Good Friday holiday is available   online.