• CME Globex Notices: June 7, 2010

      • To
      • CME Globex Customers
      • From
      • Global Account Management
      • #
      • 20100607
      • Notice Date
      • 07 June 2010
    • Topics in this issue include:
      Critical System Updates
      New Functionality
      Product Launches
      Product Changes
      Events and Announcements


      Critical System Updates

      FIX/FAST Market Data Platform Channel Changes
      Effective June 20, a few Market Data Platform channels will be split to better manage messaging rates and performance.

      The impacted channels are listed below.

      Channel 7 - CME Equity Futures

      • The current channel 7 will broadcast only CME E-mini S&P 500 futures (tag 55-Symbol=ES)
      • New channel 15 will broadcast all CME Equity futures except CME E-mini S&P 500 futures

      Channel 8 - CME Equity Options

      • The current channel 8 will broadcast only CME E-mini S&P options (tag 55-Symbol=EZ, EW)
      • New channel 16 will broadcast all CME Equity options except CME E-mini S&P 500 options

      Channel 32 - NYMEX Metals, Softs and Alternative Markets and COMEX Futures

      • The current channel 32 will broadcast only NYMEX Metals, Softs and Alternative Markets futures
      • New channel 33 will broadcast all COMEX futures

      Channel 37 - NYMEX Metals, Softs and Alternative Markets and COMEX Options

      • The current channel 37 will broadcast only NYMEX Metals, Softs and Alternative Markets options
      • New channel 38 will broadcast all COMEX options

      Current channel configuration information is available on the ftp.cmegroup.com site as outlined in the  Core Functionality module of the FIX/FAST Software Development Kit. Information on the new channels will be added to the config.xml file this Sunday, May 23. The channels will be available for customers and broadcasting heartbeats as of Sunday, June 13.

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


      NEW Certification Deployment for FIX/FAST 2.0
      The CME Globex certification environment will migrate to FIX/FAST 2.0 Monday, June 21. FIX/FAST 2.0 was launched in production on June 6.

      New Functionality

      NEW Bursa Malaysia Derivatives Products on CME Globex
      Effective Sunday, September 19, 2010 (Chicago time)/Monday, September 20 (Malaysia time), pending Malaysian Securities Commission approval, Bursa Malaysia Derivatives™ products will be available for trading on the CME Globex platform.

      New and existing CME Group customers who would like to trade BMD products must establish all appropriate agreements and accounts with a Bursa Malaysia Clearing Firm to be authorized to trade BMD products. Contact your  Global Account Manager at CME Group for more information.

      FIX/FAST-format market data will be enhanced to support BMD products on CME Globex as outlined in the  Bursa Malaysia Derivatives Client Impact Assessment. There are no impacts to iLink order routing for this launch.

      BMD products are currently available in New Release for customer testing.

      Product Launches

      Cash-Settled Cheese Futures and Options
      Effective Sunday, June 19 (trade date Monday, June 20), Cash-Settled Cheese futures, calendar spreads and options will be listed for trading on the CME Globex platform.

      The CME Globex codes for Cash-Settled Chees futures and spreads will be tag 55-Symbol=DY and tag 1151-SecurityGroup=CSC. Options on futures will have tag 55-Symbol=CQ and tag 1151-SecurityGroup=CSC.

      Cheese is made from Class III milk. Dry whey is a byproduct of processing the milk into cheese. Manufacturers, processors, food companies and others have used the Class III contract to meet their hedging needs since 1996 and the Dry Whey futures contract launched in 2007. The Cheese futures will complete the dairy crush with which the original commodity as well as its product and byproducts can be hedged.

      The Cash-Settled Cheese product is currently available for customer testing in New Release.

      Product Changes

      FIX tag 1147-UnitofMeasureQty and tag 996-UnitofMeasure
      Starting Sunday, June 20, the values in FIX tag 1147-UnitofMeasureQty and tag 996-UnitofMeasure will be updated for the following futures listed on CME Globex. These tags are currently sent in the Security Definition messages; this launch is designed to make the values for futures accurate and consistent.

      Please note: CME Group recommends tags 1147 and 996 only be used for futures and variable quantity products. The information in these tags is not supported for options and future spreads.

      FIX tag 1147 and 996 for Futures

      Products New Release Launch Production Launch
      All CBOT Futures Monday, June 7 Sunday, June 20
      All CME Futures except Weather Monday, June 7 Sunday, June 20
      All KCBT Futures Monday, June 7 Sunday, June 20
      All MGEX Futures Monday, June 7 Sunday, June 20
      All COMEX Futures Monday, June 21 Sunday, July 11
      All NYMEX Futures Monday, June 21 Sunday, July 11
      All CME Weather Futures Monday, July 12 Sunday, July 18
      All OneChicago SSFs Monday, July 19 Sunday, August 22

      Tags 1147 and 996 are sent in the SecurityDefinition message (tag 35-MsgType=d) and are used together to determine the contract size for the futures instrument. For example, for a Eurodollar futures contracts, tag 1147-UnitofMeasureQty=1000000 and tag 996-UnitofMeasure=USD indicate a contract size of USD $1,000,000. More information on these tags is available in the  FIX/FAST Message Specifications and, for variable quantity products, in the  Variable Quantity Client Impact Assessment.

      With this launch, the following valid values will be added for tag 996-UnitofMeasure:

      • ALLOW – Allowance
      • CER – Certified Emission Reduction units
      • CRT – Climate Reserve Tonnes
      • MTONS – Metric Tons

      The following values will no longer be valid for tag 996-UnitofMeasure:

      • CHIIP – Carville-Hurricane Index Percentage
      • CHIP – Carville-Hurricane Index Percentage
      • DEM – Deutsche mark
      • GRAMS – Grams
      • METON – Metric Tons
      • MP – Mexican Peso
      • TRY – Turkish lira

      NEW FIX tag 55-Symbol Changes for Lumber Futures and Options
      Effective Sunday, June 20 (trade date Monday, June 21), the FIX tag 55-Symbol values for Lumber futures, options and spreads will be changed as follows:

      FIX tag 55-Symbol Changes for Lumber

      Product Tag 1151-SecurityGroup Current tag 55-Symbol NEW tag 55-Symbol
      Lumber futures LBS WP LU
      Lumber outright options LBS W0 W3
      Lumber UDS LBS W2 W4

      To facilitate these changes, customers are asked to cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for Lumber futures and options after their close on Friday, June 18. After 16:00 CT on Friday, June 18, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC).

      These changes will be available for customer testing in New Release this Monday, June 14.

      Events & Announcements

      iLink Production IP Address Migration
      As previously announced, to accommodate continued growth, CME Group is expanding its infrastructure and moving to a new state-of-the-art data center. Detailed information on this migration is now available  online.

       client impact overview is also available.

      Connectivity and Logon Test
      The connectivity and logon test ensures that customers' iLink session IDs and passwords are established and ready for the upcoming mock trading sessions. The connectivity and logon test is also available for Drop Copy sessions.

      The connectivity and logon test will be offered Saturday, June 19, 7:00 - 10:00 a.m. Central time (CT). Advanced registration with your  Global Account Manager is required to participate.

      If you have any questions regarding this migration, please contact your  Global Account Manager at 312.634.8700 in the U.S.; +44 (0) 20 7796 7100 in Europe; or +852.3101.7696 in Asia.