CME Globex Notices: February 15, 2010

FIX/FAST 2.0 Launch 
Effective Sunday, May 9, 2010, CME Globex will launch FIX/FAST 2.0 in production, on a subset of new Market Data Platform channels. As of Sunday, June 6, 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, 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 FIX/FAST 2.0 AutoCert+ test suite will be available this Monday, February 22, and 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 is currently available for customer testing in the New Release environment.

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

Enhanced Mass Quote Governor
To allow more customer testing time, the launch of the additional enhancements to the Mass Quote Governor functionality has been rescheduled to this Sunday, February 21.

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.

 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.

In addition to the messaging and functionality changes, these enhancements will also result in significantly reduced message response times. Already among the fastest in the industry, this upgrade is expected to reduce iLink and FIX/FAST response times by an average of 20%.

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

 CME Globex Performance Enhancements for Interest Rate, NYMEX Energy and NYMEX and COMEX Metal Futures
In May 2010, CME Group is implementing an upgrade to Interest Rate, NYMEX and COMEX futures markets on the CME Globex electronic trading platform that will result in significantly reduced message response times. Already among the fastest in the industry, this upgrade is expected to reduce iLink and FIX/FAST response times by an average of 15% for Interest Rate futures and future spreads, and an average of 20% for NYMEX and COMEX futures and future spreads.

Please note: as a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 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.

This upgrade is designed to enhance our liquid, efficient and competitive marketplace for participants worldwide. It is scheduled for a phased launch as follows:

Scheduled for Sunday, May 2

• All listed futures and future spreads for:
  • Legacy CME Interest Rates
  • Legacy CBOT Interest Rates

Scheduled for Sunday, May 9

• All listed futures and future spreads for:
  • NYMEX Energy
  • NYMEX Metals
  • NYMEX Softs
  • COMEX Metals

 Regional Greenhouse Gas Initiative (RGGI) Allowance Futures
Effective Sunday, March 21, 2010 (for trade date Monday, March 22), four additional Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance futures for vintage years 2009 through 2012 will be listed for trading on the CME Globex platform. These futures are currently available for trading on the NYMEX trading floor and for submission through CME ClearPort.

These futures will be available for testing in New Release and Certification Monday, March 8.

DJIA and E-mini Dow Options Strike Changes
Effective this Sunday, February 21 (trade date Monday, February 22), the strike listing rules for DJIA (tag 1151-SecurityGroup=ZD) and E-mini Dow (tag 1151=YM) options on futures will be modified for all maturities as follows:

With this change, all maturities of the DJIA options will list at the money (ATM) ± 50% of DJIA at 500-point intervals; 20% at 100-point intervals; and, for the nearest expiring option in the quarterly cycle, 10% at 50-point intervals. All maturities of the E-mini Dow options will list ATM ± 50% at 500-point intervals; 20% at 100-point intervals; and, for the nearest expiring option in the quarterly cycle, 10% at 50-point intervals.

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

 miNY Gold and miNY Silver Futures Listing Expansion
Effective Sunday, March 7 (trade date Monday, March 8), the following contract months will be listed on CME Globex for the minNY Gold futures:

• February 2011
• April 2011
• June 2011
• August 2011
• October 2011
• December 2011

The following contract months will be added for the miNY Silver futures:

• January 2011
• March 2011
• May 2011
• July 2011
• September 2011
• December 2011