• CME Globex Notices: February 22, 2010

      • To
      • CME Globex Customers
      • From
      • CME Global Account Management
      • #
      • 20100222
      • Notice Date
      • 22 February 2010
    • Topics in this issue include:
      Critical System Updates
      New Functionality
      Product Launches
      Product Changes
      Events and Announcements

       
      Critical System Updates

      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+.

      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.

      New Functionality

      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.

      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
      Product Launches

      NEW Pacific Rim Hiroshima Weather Futures
      Effective Sunday, March 14, 2010 (trade date Monday, March 15), Pacific Rim Hiroshima Weather monthly and seasonal futures will be listed for trading on CME Globex. The monthly futures will use tag 1151-SecurityGroup=HJ; seasonal futures' SecurityGroup values are listed below. All futures will be listed with tag 55-Symbol=HW.

      • Seasonal futures starting:
        • October (tag 1151-SecurityGroup=HJV)
        • November (HJX)
        • December (HJZ)
        • January (HJF)
        • February (HJG)
        • March (HJJ)
        • April (HJJ)
        • May (HJK)
        • June (HJM)
        • July (HJN)
        • August (HJQ)
        • September (HJU)

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


      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.

      Additional Vintage Years for RGGI Futures

      Vintage Year tag 55-Symbol tag 1151-SecurityGroup
      2009 VO 98N
      2010 76X
      2011 86N
      2012 96X

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


      NEW New Hurricane Futures
      Effective Sunday, March 21 (trade date Monday, March 22), the following new Hurricane futures will be listed for trading on the CME Globex platform.

      Hurricane Futures on CME Globex

      Future Region tag 55-Symbol tag 1151-SecurityGroup
      Seasonal Max non-Binary Gulf + Florida HF GFM
      Florida Gold Coast HDM
      Seasonal non-Binary Gulf + Florida FGM
      Florida Gold Coast HDA

      These new Hurricane futures will be available for customer testing in New Release Monday, March 8.

      Product Changes

      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