CME Globex Notices: August 9, 2010

 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.

Mock Trading Sessions
Two mock trading sessions, to ensure customers can trade and receive market data for the Bursa Malaysia Derivatives products on CME Globex, will be offered Saturday, August 21 and 28, 5:00 a.m. – 9 a.m. Central time. Overviews of the   first and  second mock trading sessions are now available. Customers must register with their   Global Account Manager to participate.

 Henry Hub Natural Gas Look-Alike Last Day Financial Futures (HH)
Effective this Sunday, August 29 (trade date Monday, August 30), the Henry Hub Natural Gas Look-Alike Last Day Financial Futures contract (tag 1151-SecurityGroup=HH) will be listed for trading on CME Globex. This product is already available on the NYMEX trading floor and CME ClearPort.

A new intercommodity spread will also be listed for the Henry Hub Natural Gas futures (tag 1151=HH) vs the Henry Hub Natural Gas Look-Alike Last Day Financial Futures. These intercommodity spreads will be listed with tag 762-SecuritySubType=IS.

The Henry Hub Natural Gas Look-Alike Last Day Financial Futures contract is currently available in New Release for customer testing.

FIX tag 55-Symbol Change for Distillers Dried Grain (DDG) Futures
 

Effective Sunday, August 22, the Symbol (FIX tag 55) for the Distillers Dried Grain (DDG) futures will change as follows:

The Distillers Dried Grain (DDG) with the new tag 55 value is currently available in New Release for customer testing.

3-Deep Options Market Data
Effective Sunday, August 22, the market data book depth for the remaining top-of-book only options channels, CME Interest Rates (10), CME Commodity (14), Non-Crude Energy (36), NYMEX Alternative Markets (37), CBOT Commodity (112), MGEX (119) and KCBT (121), will change to three deep.

This change will result in a move to the incremental book management style from the current overlay style, as reflected in tag 279-MDUpdateAction in the Market Data Incremental Refresh message (tag 35=X). Valid values for this tag will now include 0 (New), 1 (Change) and 2 (Delete).

The book depth for every instrument on CME Globex is detailed in tag 264-MarketDepth in the Security Definition (tag 35-MsgType=d). CME Group strongly recommends customer applications utilize tag 264 to identify the supported instrument book depth level dynamically. CME Group also recommends all customer applications should be designed to leverage all possible values for tag 279-MDUpdateAction in the Market Data Incremental Refresh message (tag 35=X) for all markets and channels, to minimize the impact of future book depth changes.

The FIX/FAST Software Development Kit, including details on book management in the Core Functionality module, is available  online. Please contact Certification Support for Electronic Trading ( CSET) at 312.930.2322 for development assistance.

All options channels in New Release are currently three-deep for customer testing.

 Implied Functionality for CBOT Corn Futures 
As previously announced, effective August 29, 2010, implied functionality will be disabled for CBOT corn futures and spreads (tag 1151-SecurityGroup=ZC).

Implied functionality is being disabled in the CBOT Corn futures from August 29, 2010, through December 31, 2010, to determine if more robust markets in highly liquid contracts can be improved without the implied spreads. We will monitor the market during this period for signs of market quality degradation and, if observed, we will reinstate the implied functionality. Based on the assessment over this period, a decision on the use of the implied spreading functionality for corn futures going forward will be made. More information on this change is available  online.

Implied functionality is indicated for every instrument on CME Globex in the FIX/FAST Security Definition message (tag 35-MsgType=d), in tag 1144-ImpliedMarketIndicator.

This change will be available in New Release for customer testing Monday, August 23 .

 Expansion of Listings for miNY Silver Futures
Effective Sunday, August 29 (trade date Monday, August 30), CME Group will expand the listing of the COMEX miNY Silver futures (tag 1151-SecurityGroup=QI) by adding six additional contract months, for a total of 14 contracts. Currently, only eight maturities are listed.

The additional contract months for COMEX miNY Silver futures will be available in New Release for customer testing on Monday, August 23.

 Expansion of Listings for miNY Gold Futures
Effective Sunday, August 29 (trade date Monday, August 30), CME Group will expand the listing of the COMEX miNY Gold futures (tag 1151-SecurityGroup=QO) by adding six additional contract months, for a total of 14 contracts. Currently, only eight maturities are listed.

The additional contract months for COMEX miNY Gold futures will be available in New Release for customer on Monday, August 23.

 Minimum Tick Change for Hot Rolled Steel Index Futures
Effective Sunday, August 29(trade date Monday, August 30), the minimum trading tick for Hot Rolled Steel Index Futures (tag 1151-SecurityGroup=HRC) will decrease the minimum price fluctuation size from $5 to $1. This change only affects the outright futures.

The minimum trading tick change for Hot Rolled Steel Index Futures will be available in New Release for customer on Monday, August 23.

 OneChicago Single Stock Futures via CME Globex
Effective at the close of business Friday, August 27, OneChicago SingleStock Futures products are scheduled to no longer be accessible via the CME Globex platform and in all customer-facing environments. FIX/FAST market data messaging, including SecurityDefinition messages, for OneChicago products will no longer be broadcast on the Market Data Platform.

In addition, the Options Clearing Corporation will become the sole clearing counterparty for all trades effected on or through OneChicago.

Please contact OneChicago directly for further information.