• CME Globex Notices: January 25, 2010

      • To
      • CME Globex Customers
      • From
      • CME Globex Account Management
      • #
      • 20100125
      • Notice Date
      • 25 January 2010
    • Topics in this issue include:
      Critical System Updates
      New Functionality
      Product Launch
      Product Changes
      Events and Announcements
      Critical System Updates

      FIX/FAST 2.0 Launch 
      Effective Sunday, April 25, 2010, CME Globex will launch FIX/FAST 2.0 in production, on a subset of Market Data Platform channels. As of Sunday, May 9, CME Globex market data will be disseminated exclusively in FIX/FAST 2.0 format. This launch introduces a number of customer-requested enhancements to support trading and market data strategies.

      The FIX/FAST 2.0 format is not backward-compatible to the current FIX/FAST format. Even if a customer does not want to take advantage of these enhancements, all systems must be certified for FIX/FAST 2.0 prior to launch. To ensure uninterrupted access to CME Globex market data, all current customer systems are required to develop to FIX/FAST 2.0 and complete mandatory certification via AutoCert+.

      The new AutoCert+ test suite for FIX/FAST 2.0 contains four tests focused on:

      • Multiple book depth per channel
      • Product statistics reset process
      • Mid-week User-Defined Spread (UDS) deletions
      • Recovery process

      CME Group strongly recommends all systems test thoroughly in New Release prior to attempting AutoCert+ certification.

      FIX/FAST 2.0 will be available for customer testing in the New Release environment Monday, February 1.

      The new FIX/Fast 2.0 templates for production will be available from the  CME Group FTP site on April 10, 2010.

      Information on this release, including launch and mock trading dates, can be found online in the  FIX/FAST 2.0 Client Impact Assessment.

      New Functionality

      CME Equity Futures Enhancements
      Effective this Sunday, January 31, 2010, CME Group will implement a number of internal improvements to the CME Equity futures and future spreads markets. These changes are expected to reduce iLink order entry round trip times approximately 20%.

      There will be no changes to functionality or messaging format with these performance improvements. Good 'Till Cancelled and Good 'Till Date (GTC/GTD) orders will not be impacted.

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

      NEW Enhanced Mass Quote Governor
      Effective Sunday, February 7, 2010, additional 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  Global Account Manager at 312.634.8700 with any questions or concerns.

      Rounded Theoretical Settlement Prices via FIX/FAST
      Effective Sunday, February 7, a new value for FIX tag 286-OpenCloseSettlFlag will be added, and the current value 5 will be redefined. This new value will differentiate rounded versus non-rounded prices when sent in the theoretical settlement data block:

      • tag 286=5 will indicate a rounded theoretical price
      • tag 286=6 will indicate a non-rounded theoretical price

      More information on the theoretical settlement data block in FIX/FAST-format market data is available  online.

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

      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.

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

      Product Complex New Release Launch Production Launch
      CME Commodity and Weather Futures Available Now Sunday, March 7
      CBOT Commodity Futures
      KCBT Futures
      MGEX Futures
      Available Now Sunday, March 28

      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.

      Product Launches

      March vs. July Soybean Calendar Spread Option (CSO)
      Effective Sunday, January 31 (trade date Monday, February 1), options on the March vs. July Soybean futures calendar spread (CSO) will be listed for trading on the CME Globex platform. These options will have tag 55-Symbol=Q1 and tag 1151-SecurityGroup=SZH.

      The March vs. July Soybean CSO is currently available for customer testing in New Release.

      Product Changes

      Futures Calendar Spreads for NYMEX TAS Futures
      The launch of calendar spreads for the following NYMEX TAS futures, previously scheduled for Sunday, January 24, has been postponed to Sunday, February 7 (trade date Monday, February 8).

      • 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.