CME Globex Notices: August 16, 2010

CME Globex Network Migration to New Data Center
As previously announced, to accommodate continued growth, CME Group has expanded its infrastructure and moved its CME Globex platform to a new state-of-the-art facility identified as data center 3. Phase 1 of the data center migration was completed as of August 8, 2010, where customers connected to the Globex data center using their new Production iLink LP addresses. As part of the Phase 2 of the data center migration in October, CME Group will migrate existing CME DIRECTLink, CME LNet, and Jackson Direct customer circuits from their current locations to the new data center.

A  client impact overview is also available.

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.

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 this Saturday, August 21 and Saturday, August 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 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.

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 this 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 this 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 this 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 this 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 this 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 this 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 this Monday, August 23.

 Expanded Trading Hours for Nikkei 225 Yen-denominated Futures
Effective Sunday, September 12, 2010, the electronic trading hours for the Nikkei 225 Yen-denominated futures will be expanded to give market participants worldwide nearly 24-hour access to the benchmark contracts listed at CME and traded on the CME Globex platform.

With this expansion, market participants will be able to trade the futures contracts while the Japanese equity market is open. Previously, the futures contracts traded at CME Group were available only while the Japanese equity market was closed.

Under the expanded hours, trading on CME Globex will begin Sundays at 17:00 through 15:15 CT the following day, with trading Monday–Friday from 15:30 through 15:15 the next day (closing at 15:15 Friday, with a daily maintenance shutdown between 16:30-17:00).

The expanded trading hours were added as part of the licensing agreement extension between CME and Nikkei Inc.

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.