CME Globex Notices: December 14, 2009

Enhanced Mass Quote Governor
Effective this Sunday, December 20, 2009, enhancements to the Mass Quote Governor functionality will be launched.

Detailed information on these enhancements is available in the  Enhanced Mass Quote Governor Overview.

Please contact your  CME Globex Account Manager at 312.634.8700 with any questions or concerns.

 CBOT and CME Commodity and Weather, KCBT and MGEX Futures Enhancements

Effective first quarter 2010, a number of enhancements will be introduced for CME and CBOT Commodity and Weather, Kansas City Board of Trade (KCBT) and Minneapolis Grain Exchange (MGEX) futures and future spreads on CME Globex.

The messaging and functionality impacts are documented online in the  Client Impact Assessment.

CME Group recommends all system providers supporting Commodity futures test these changes thoroughly in New Release.

Options on Live Cattle and Lean Hog Calendar Spreads
Effective this Sunday, December 20 (trade date Monday, December 21), the following options on Commodity futures calendar spreads (CSO) will be launched for trading on the CME Globex platform.

† The third character in tag 1151-SecurityGroup denotes the number of contract months between the back and front legs of the underlying calendar spread. "A" indicates a one-month difference; "B" indicates a two-month difference; "C" indicates a three-month difference; and "D" indicates a four-month difference. The front leg is indicated by the standard two character maturity for month and year, as shown in the tag 107 samples.

These CSOs are currently available in New Release for customer testing.

Long-Term U.S. Treasury Bond Futures and Intercommodity Spreads
Effective Sunday, January 10 (trade date Monday, January 11), Long-Term U.S. Treasury Bond ("Ultra T-Bond") futures and intercommodity spreads will be listed for trading on the CME Globex platform. Calendar spreads and butterflies will also be available.

Recent fiscal policy has shifted toward increased issuance on the long end of the Treasury curve. In response to the demand from institutional investors with long duration needs, CME Group is launching these Long-Term U.S. Treasury Bond futures. Ultra T-Bond futures will be a natural complement to the U.S. Treasury futures complex, providing market participants with a more direct way to manage long-term risk and add duration to their portfolios.

These products will be available for customer testing in New Release Monday, December 21.

 New Weekly OneChicago Single Stock Futures on CME Globex
Effective Friday, January 15, 2009, new weekly single stock futures (SSF) from OneChicago will be available for trading on the CME Globex electronic trading platform.

These contracts will be eligible for trading on Friday and will expire the following Friday, for a total of six trading days. Weekly contracts will not be listed for the week ending on the third Friday of the month, since that is the normal product expiration. The weekly SSFs will trade alongside the current standard, monthly products. Position rolling will not be allowed in these products.

The tag 1151-SecurityGroup values will be constructed with the following weekly codes appended:

• Week 1 – 5C
• Week 2 – 6C
• Week 3 – none
• Week 4 – 7C
• Week 5 – 8C

The underlying stocks which will have the weekly expiring futures on them will be announced by OneChicago after the close of business of Wednesday, for launch that Friday. The initial weekly SSFs will be for Sears Holding and GE.

These weekly SSFs are currently available for customer testing in New Release.

 Green Exchange Venture Products in New Release
Following submission of an application and formal designation as a designated contract market, the Green Exchange Venture is proposing to launch as an independent exchange during 2010. The new exchange will be called the Green Exchange. Green Exchange products will trade via CME Globex and privately-negotiated transactions may be submitted for clearing through CME ClearPort. Upon designation and launch of the Green Exchange, a number of NYMEX emissions products currently listed on the CME Globex platform will be migrated to the Green Exchange.

Upon launch, a number of NYMEX emissions products currently listed on the CME Globex platform will be migrated to the Green Exchange. These products will use the same SecurityGroup (tag 1151) as they do today; however the value in tag 207-SecurityExchange will be updated from XNYM to GREE. In addition, the value in tag 55-Symbol will be changed for the Green Exchange products.

In addition, with this launch, three new options products will be listed for trading on the CME Globex platform.

These products will be available for customer testing in the New Release environment starting Monday, January 11.

 Listing Changes for NYMEX Silver and Copper Options
Effective this Sunday, December 20 (trade date Monday, December 21), the listing rules for NYMEX Silver and Copper option strikes will be expanded from ATM ± six to ATM ± twenty for all trading months.

For Silver Options, the strike price increment will be a standard $0.05 per troy ounce. Currently, price increments vary according to the futures price $0.10, $0.25, and $0.50.

For Copper Options, the strike increment will be $0.01. Currently, price increments vary according to the futures price $0.01, $0.02, and $0.05.

 Listing Changes for NYMEX TAS Futures
Effective this Sunday, December 20, the listing rules for the following NYMEX Energy TAS futures will be changed. Currently, these products list TAS on the nearest three expirations. With this change, a TAS contract will be available only for the nearest expiration.

• Brent Crude Oil Last Day Financial Futures (tag 1151-SecurityGroup=BZT)
• Gulf Coast Gasoline Futures (LRT)
• Gulf Coast Ultra Low Sulfur Diesel (ULSD) Futures (LUT)
• NYMEX Coffee Futures (KTT)
• NYMEX Cocoa Futures (CJT)
• NYMEX Cotton Futures (TTT)
• NYMEX No. 11 Sugar Futures (YOT)
• NYMEX Crude Oil Backwardation/Contango (B/C) Index (XKT)
• NYMEX Crude Oil MACI Index (XCT)

 Futures Calendar Spreads for NYMEX TAS Futures
Effective this Sunday, December 20, calendar spreads for the following NYMEX TAS futures will be listed for trading on the CME Globex platform.

• Heating Oil TAS (tag 1151-SecurityGroup=HOT)
• RBOB TAS (RBT)
• Crude Oil TAS (CLT)
• Natural Gas TAS (NGT)

These calendar spreads will use the value EC in tag 762-SecuritySubType.

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

FIX tag 55-Symbol Consolidation for FX Options
Effective Sunday, January 24, the Symbol (FIX tag 55) for FX options will be consolidated:

These instruments with consolidated tag 55 values will be available in New Release for customer testing Monday, December 21.