• CME Globex Notices: September 6, 2010

      • To
      • CME Globex Customers
      • From
      • Market Data Notices
      • #
      • 20100906
      • Notice Date
      • 06 September 2010
    • Topics in this issue include:
      Critical System Updates
      New Functionality
      Product Changes
      Events and Announcements


      Critical System Updates

      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 IP 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.

      Detailed information on this migration is available  online.

       

       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.

      New Functionality

      Volume Controls for iLink Administrative Messaging
      Effective Sunday, September 12, 2010, to protect all market participants from the negative effects of extraordinary administrative messaging from runaway automated trading systems (ATS), CME Group is implementing volume controls for iLink administrative messaging. If an iLink session exceeds an average of 100 administrative messages per second (MPS) over a three-second window, subsequent administrative messages will be rejected via a Session Level Reject (tag 35-MsgType=3) message until the administrative MPS rate falls below the threshold.

      Normally, administrative messaging from customers does not approach the 100 MPS threshold.

      Implementing this volume control for administrative messaging at 100 MPS is designed to:

      • Support valid trading activity; and,
      • Prevent a malfunctioning trading system from impacting the markets.

      This launch will have no impact on application messages. Order routing messages will not be counted towards the messaging threshold or be subject to rejection.

      iLink administrative messages are:

      • Logon (tag 35=A)
      • Heartbeat (tag 35=0)
      • Test Request (tag 35=1)
      • Resend Request (tag 35=2)
      • Session Level Reject (tag 35=3)
      • Business Level Reject (tag 35=j)
      • Sequence Reset (tag 35=4)
      • Logout (tag 35=5)

      The volume controls for administrative messaging are available in New Release for customer testing.

      For more information, please contact the  CME Globex Control Center at 312.456.2391.


      Update 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.

      Pre-Live Mock Trading Session Mock
      A final mock trading session, to ensure customers can trade and receive market data for the Bursa Malaysia Derivatives products on CME Globex, will be offered Saturday, September 18, 5:30 a.m. – 8:00 a.m. Central time. An  overview of the mock trading session is now available. Customers must register with their   Global Account Manager to participate.


       

      NEW COMEX, NYMEX, and DME Futures Enhancements
      Effective fourth quarter 2010, a number of enhancements will be introduced for COMEX, NYMEX, and Dubai Mercantile Exchange (DME) futures and futures spreads on CME Globex.

      COMEX, NYMEX, and DME Futures Enhancements

      Product Complex New Release Launch Production Launch
      COMEX Futures Monday, September 20 Sunday, November 7
      NYMEX Futures
      DME Futures
      Monday, September 29 Sunday, December 5

      The messaging and functionality impacts are documented online in the   Client Impact Assessment.

      CME Group recommends all system providers supporting NYMEX, COMEX or DME futures test these changes thoroughly in New Release.

      Product Changes

      Expansion of Listings for COMEX Copper Futures and Gold Futures and Options
      Effective Sunday, September 19 (trade date Monday, September 20), CME Group will expand the contract month listings for COMEX Copper futures and Gold futures and options, as detailed below:

      • COMEX Copper futures (tag 1151-SecurityGroup=QO)
        • September 2012
        • December 2012
        • March 2013
        • May 2013
        • July 2013
        • September 2013
        • December 2013
        • March 2014
        • May 2014
        • July 2014
        • September 2014
        • December 2014
        • March 2015
        • May 2015
        • July 2015
      • COMEX Gold futures (tag 1151-SecurityGroup=GC)
        • December 2015
        • June 2016
      • COMEX Gold Option (tag 1151-SecurityGroup=OG)
        • December 2015
        • June 2016

      2-Year Treasury Note Options Strike Changes
      Effective Sunday, October 3 (trade date Monday, October 4) the strike listing rules for the 2-Year U.S. Treasury Note options (tag 1151-Security Group=OZT) will be expanded for all listed maturities.

      With this change, all maturities of the 2-Year U.S. Treasury Note options will list at-the-money (ATM) ± 15 strikes. Currently, ATM ±10 strikes are listed for all maturities.

      These changes in options listings will be available for customer testing in New Release Monday, September 20, 2010.

      Events & Announcements

      CME Globex Disaster Recovery
      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 such test is scheduled for Saturday, September 25.

      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 register   online and 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.