CME Globex Notices: March 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 is now available, and contains four tests focused on:

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

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.

 CBOT Commodity, KCBT and MGEX Futures Enhancements

Effective Sunday, March 28, 2010, a number of enhancements will be introduced for CBOT Commodity, Kansas City Board of Trade (KCBT) and Minneapolis Grain Exchange (MGEX) futures and future spreads on CME Globex.

Please note: for this weekend’s launch, customers are asked to please cancel all Good ‘Till Cancel (GTC) and Good 'Till Date (GTD) orders for these futures and futures spreads after their respective closes on Friday, March 26. After 15:15 CT on Friday, March 26, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC).

There will not be a post-close pre-open session on Friday, March 26.

GTC and GTD orders may be re-entered during an extended pre-open period, 15:00-17:00 CT, on Sunday, March 28. If you have any questions, please contact the CME Globex Control Center at 312.456.2391 or in Europe at 44.20.7623.4708.

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 this 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 are currently available for testing in New Release and Certification.

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

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

Climate Action Reserve Futures
Effective this Sunday, March 21 (trade date Monday, March 22), the following five Climate Action Reserve (CAR) futures will be listed for trading on the CME Globex platform.

These futures are currently available for customer testing in Certification and New Release.

 TAS Futures for Energy and Metal Products
Effective Sunday, April 11 (trade date Monday, April 12), new Trades At Settlement (TAS) futures on the following Energy and Metals products will be listed for trading on the CME Globex platform.

These new TAS products will be available for customer testing in New Release Monday, March 29.

Afternoon Pre-Open for Select Commodity Options
Effective Monday, March 29, options on the following futures will have an additional pre-open period on CME Globex:

• CBOT Grain
• KCBT Wheat
• MGEX Wheat
• MGEX Wheat Index
• MGEX Corn Index
• MGEX Bean Index

This afternoon pre-open period for options, from 2:30 p.m. to 4 p.m. Mondays through Fridays, matches the underlying futures' current afternoon pre-open session. The impacted Commodity markets pre-open periods are detailed below in Central time:

Current Pre-Open for CBOT, KCBT and MGEX Grain Options

• Sundays: 4:15 p.m. - 6 p.m.
• Mondays through Fridays: 7:15 a.m. - 9:30 a.m.

New, Harmonized Pre-Open for CBOT, KCBT and MGEX Grain Options

• Sundays: 4:15 p.m - 6 p.m.
• Mondays through Fridays: 7:15 a.m. - 9:30 a.m.
• Mondays through Fridays: 2:30 p.m. - 4 p.m.

Current Pre-Open for CBOT, KCBT and MGEX Grain Futures

• Sundays: 4:15 p.m. - 6 p.m.
• Mondays through Fridays: 7:15 a.m. - 9:30 a.m.
• Mondays through Fridays: 2:30 p.m. - 4 p.m.

The pre-open market state is a predetermined time before the trading session opens when customers can begin entering, modifying and canceling orders for the following trading day.

 Additional Calendar Spreads for NYMEX TAS Futures
Effective Sunday, April 11 (trade date Monday, April 12), additional calendar spreads will be listed on CME Globex for the following TAS products:

• Light Sweet Crude Oil (WTI) (tag 1151-SecurityGroup=CLT)
• Heating Oil (HOT)
• Henry Hub Natural Gas (NGT)
• Reformulated Gasoline Blendstock for Oxygen Blending (RBOB) (RBT)

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

These new futures spreads will be available in New Release for customer testing Monday, March 29.

 Snowfall Futures Display Factor Changes
Effective Sunday, April 11, changes to tag 9787 values will be implemented for the following Monthly Snowfall futures. Currently, tag 9787=1 for all the listed products; with this change, tag 9787=0.01.

• Minneapolis (tag 1151-SecurityGroup=BV, BVX, BVZ, BVF, BVG, BVH)
• Detroit (EK, EKX, EKZ, EKF, EKG, EKH)
• New York LaGuardia (FG, FGX, FGZ, FGF, FGG, FGH)
• Chicago O'Hare (SW, SWX, SWZ, SWF, SWG, SWH)
• Boston (SB, SBX, SBZ, SBF, SBG, SBH)
• New York Central Park (SX, SXX, SXZ, SXF, SXG, SXH)

These changes to the recommended display prices will be available in New Release for customer testing on Monday, March 29.

 Implied Functionality for Live Cattle-Lean Hog Intercommodity Futures Spreads
Effective Sunday, April 18, implied functionality will be enabled for the Live Cattle and Lean Hog futures and future spreads, including the intercommodity future spread.

Implied functionality integrate bids and offers in both spreads and their outright contracts to provide the most liquid possible markets with the best possible prices.

Implied functionality is indicated in the FIX/FAST Security Definition message (tag 35-MsgType=d), in tag 1144-ImpliedMarketIndicator, where 3 indicates Implied In and Out.

Implied functionality for the Live Cattle and Lean Hog futures and future spreads will be turned on for customer testing in New Release Monday, March 29.

CME Globex Disaster Recovery Test
CME Group is committed to the protection of its members, employees and stakeholders and has a long history of successfully managing risk. In keeping with those traditions, CME Group has a comprehensive business continuity program in place.

Twice a year CME Group offers Simulated CME Globex DR testing and the next test is scheduled for this Saturday, March 20.

The Simulated CME Globex DR testing is designed to ensure that customers can successfully failover to the DR environment, send orders and fallback to the production environment in case of an emergency. Customers are required to contact their  Global Account Manager to register in advance to participate. Disaster Recovery IPs and ports have been distributed by your CME Global Account Manager.

Complete information on the CME Group business continuity program, including upcoming test dates and the DR Client Impact Assessment, is available  online.

For more detailed information on the Simulated CME Globex DR testing, please contact your  Global Account Manager.

New CME Co-Location Services
To better serve the needs of our clients, we will be offering CME Co-Location Services, comprised of hosting, connectivity and support services at our new, state-of-the-art data center.

This customer-focused service offering is expected to launch early in 2012. Further details concerning CME Co-Location Services will be available in Q2 2010.

For more information, please visit  www.cmegroup.com/colo.

Please contact your  Global Account Manager at 312.634.8700 in the United States; +44.20.7796.7100 in Europe; and +65 6593 5574 in Asia with any questions.