• CME Globex Notice: November 8, 2010

      • To
      • CME Globex Customers
      • From
      • Global Account Management
      • #
      • 20101108
      • Notice Date
      • 07 November 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 Sunday, November 21, the FX futures and options Market Data Platform channels will be split to better manage messaging rates and performance.

      Channel 11 - CME FX Futures

      • The current channel 11 will continue to broadcast CME FX futures with the exceptions noted below.
      • New channel 60 will broadcast the following FX futures:
        • Tag 55-Symbol=6C
        • Tag 55=6E
        • Tag 55=6L
        • Tag 55=6M
        • Tag 55=6N
        • Tag 55=6R
        • Tag 55=CZ
        • Tag 55=KC
        • Tag 55=XR

      Channel 12 - CME FX Options

      • The current channel 12 will continue to broadcast CME FX options with the exceptions noted below.
      • New channel 61 will broadcast the following FX options:
        • Tag 55-Symbol=0L
        • Tag 55=0M
        • Tag 55=0X
        • Tag 55=0Z
        • Tag 55=2C
        • Tag 55=2E
        • Tag 55=2N
        • Tag 55=3J
        • Tag 55=3N
        • Tag 55=FR
        • Tag 55=MO
        • Tag 55=OR
        • Tag 55=UO
        • Tag 55=X8
        • Tag 55=XD
        • Tag 55=XT

      The change will not impact the volatility-quoted FX options on channel 6.

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

      Expanded Security Definition Messages for User-Defined Spreads
      At customers’ requests, the following tags will be added to the Security Definition messages (tag 35-MsgType=d) for user-defined spreads. These tags are currently published on the Security Definition messages for outright instruments and exchange-defined spreads.

      New tags for UDS Security Definition Messages

      • Tag 461-CFICode
      • Tag 731-SettlPriceType
      • Tag 827-ExpirationCycle
      • Tag 1148-LowLimitPrice
      • Tag 1149-HighLimitPrice
      • Tag 1180-ApplID
      • Tag 1234-NoLotTypeRules
      • Tag 1093-LotType
      • Tag 1231-MinLotSize

      In addition, tag 600-LegSymbol, in the repeating group tag 555-NoLegs, will now identify the Symbol (tag 55) for each leg. Currently, tag 600 always contains [N/A].

      The expanded Security Definition messages will be launched according to the following schedule:

      • Sunday, November 20
        • CME and CBOT Agriculture Options
        • CME and CBOT Equity Options
        • NYMEX, COMEX and DME Options
      • Sunday, December 12
        • Bursa Malaysia Derivatives Options

      There will be no template changes for this launch.

      The expanded Security Definition messages are currently available for customer testing in the New Release environment.

      New Mandatory iLink Tags
      Effective Sunday, June 5, 2011, new mandatory FIX tags will be introduced on inbound and outbound iLink messages to enhance customer support and assist in market oversight.

      The new tags will be used to indentify:

      • Front-end system
      • Automated trading indicator flag
      • Country of origin

      All customer order routing systems must support and accurately populate these new tags, and complete the mandatory certification via AutoCert+ by June 5.

      The new tags are available in New Release for customer testing.

      There are no impacts to FIX/FAST market data with this launch.

      A client impact assessment is available   online

      New Functionality

      NEW CBOT, KCBT and MGEX Agriculture Options Enhancements

      Effective Sunday, November 21, 2010, fractional pricing information will be published on the FIX/FAST Security Definition (tag 35=d) messages for User-Defined Spreads (UDS) on CBOT, KCBT and MGEX agriculture options.

      Details on this enhancement are available in the    Client Impact Assessment.

      Certification is not required and there are no new templates. Customers and system providers are encouraged to test the enhancements thoroughly in New Release.

      COMEX, NYMEX, and DME Futures Enhancements
      The COMEX futures enhancements launch, scheduled for Sunday, November 7, has been postponed in response to customer feedback. Further information will be published in the CME Globex Notices as it becomes available. As a result, GTC and GTD orders will not be eliminated, and the normal pre-open schedule will apply on Sunday.

      COMEX, NYMEX, and DME Futures Enhancements

      Product Complex New Release Launch Production Launch
      COMEX Futures Now Available TBD
      NYMEX Futures
      DME Futures
      Now Available Sunday, December 5

      In internal testing environments, the enhancements for COMEX have resulted 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 30%. As a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 30%.

      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 Launches

      Brent Look-Alike Crude Oil Options
      Effective this Sunday, November 14 (trade date Monday, November 15), the Brent Look-Alike Crude Oil Option contract (tag 1151-SecurityGroup=BE) will be listed for trading on CME Globex. This product is already available on the NYMEX trading floor and CME ClearPort.

      The Brent Look-Alike Crude Oil option contract is available in New Release for customer testing.

      Update Green Exchange Product Migration
      Effective Sunday, January 23, 2011 (trade date Monday, January 24), the existing NYMEX emissions products (Green products) will be de-listed from trading on NYMEX and will be listed for trading on Green Exchange (the Transition). These products will use the same SecurityGroup (tag 1151) as they do today; however the value in tag 207-SecurityExchange will be updated from XNYM to GREE. In addition, the value in tag 55-Symbol will be changed for the Green products. The Green futures and options will be disseminated on new Market Data Platform channels 18 and 19 as described below. Information on the new channels is now available in the config.xml file. The channels will be available for customers and broadcasting heartbeats as of Sunday, January 9 in the production and certification environments.

      As previously announced, following the Transition, Green futures products will continue to be available for trading via CME Globex and privately-negotiated transactions accepted for submission for clearing through CME ClearPort. In addition, with the Transition, ten Green options products (currently available for trading on the New York trading floor) will be transitioned to and newly listed for trading on the CME Globex platform.

      • November 22, 2010
        • Seven new Green Exchange options will be launched in New Release with market data available on channel 19.

      New Green Exchange Options in New Releases

      Options Tag 1151-SecurityGroup tag 55-Symbol tag 207-SecurityExchange
      European Union Allowance (EUA) Option EUX GY GREE
      In Delivery Month European Union Allowance (EUA) Option EAX
      In Delivery Month European Union Allowance (EUA) Serial Option 9G
      Certified Emission Reduction (CER) Option CCX
      In Delivery Month Certified Emission Reduction (CER) Option CRY
      In Delivery Month Certified Emission Reduction (CER) Serial Option 9E
      Climate Action Reserve Option CO
      Product Changes

      NEW Increase in Maximum Order Quantity for Eurodollar Futures and Futures Spreads
      Effective Sunday, November 21, (trade date Monday, November 22), the maximum order quantity for Eurodollar futures and futures spreads will be increased to the following:

      Outright Futures:

      • 49,999 contracts for the first eight quarterly, and four serial month contracts
      • 8,000 contracts for the “back 32” contracts (year 3 through year 10)

      Futures Spreads:

      • 49,999 for any spread with all legs or the front leg in the front eight quarterly contracts
      • 49,999 for any spread where all legs are serial months, or if any leg contains a quarterly contract
      • 8,000 for any spread with all legs in the back 32 quarterly contracts
      • 8,000 for all Eurodollar Packs and Bundles

      The maximum order quantity for every instrument listed on CME Globex is identified in tag 1140-MaxTradeVol, in the Security Definition (tag 35=d) message.

      The increased maximum order quantity is now available in New Release for customer testing.

      FIX tag 55-Symbol Change for E-mini S&P SmallCap 600 Futures
      Effective Sunday, December 12 (trade date Monday, December 13), the Symbol (FIX tag 55) for E-mini S&P SmallCap 600 futures will be changed as follows:

      FIX tag 55-Symbol Change for E-mini S&P SmallCap 600 (SMC)

      Product Tag 1151-SecurityGroup Current tag 55-Symbol New tag 55-Symbol
      E-mini S&P SmallCap 600 Futures SMC ME SC

      The E-mini S&P SmallCap 600 (SMC) with the new tag 55 value will be available in New Release for customer testing on Monday, November 15.

      Events & Announcements

      Bursa Malaysia Derivatives (BMD) Products on CME Globex
      As a reminder, BMD products launched for trading on the CME Globex platform Sunday, September 19. Order routing via iLink, and FIX/FAST-format market data on channels 22 and 23 of the Market Data Platform, are now available.

      Customers interested in discussing various access scenarios for trading BMD products on CME Globex, please contact your  Global Account Manager at +1.312.634.8700 in the United States; +44.20.7796.7100 in Europe; and +65.6593.5574 in Asia.

      Additional information is available in the   Bursa Malaysia Derivatives Client Impact Assessment.

      Pre-Open Schedule Change
      Effective this Monday, November 15 , the Monday through Thursday afternoon pre-open for CME, CBOT, KCBT and MGEX products on CME Globex will begin 5 minutes earlier, at 4:45 p.m. Central time. With this change, the afternoon pre-open times will match the current schedule for NYMEX, COMEX and DME products. The trading schedules for all products will remain as currently scheduled.

      During the pre-open market state, customers may begin entering, modifying and canceling orders for the next trading day. The pre-open market state is identified in the FIX/FAST Security Status (tag 35-MsgType=f) message in tag 326-SecurityTradingStatus=21.

      The new pre-open schedule is currently available for customer testing in New Release.

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      CME Co-Location Services Details
      CME Co-Location Services – comprised of hosting, connectivity and support services – will launch early 2012 at our new state-of-the-art data center. The CME Group Data Center, designed to be environmentally friendly and energy efficient, will provide the following services:

      • Power and Space
      • Lowest Latency and Equidistant Access for All Customers
      • Exceptional Support and Responsiveness

      If you are interested in having the lowest possible latency connection to the CME Globex platform, contact your   Global Account Manager today.

       Learn more about CME Co-Location Services, visit   www.cmegroup.com/colo

       View   CME Co-Location Services Brochure (PDF)

       To request additional information and to apply, please contact your  Global Account Manager at +1.312.634.8700 in the United States; +44.20.7796.7100 in Europe; and +65.6593.5574 in Asia.

      CME Co-Location Briefing Center Now Open

      For your convenience, the CME Co-Location Briefing Center is now open and located at 141 West Jackson in Chicago, IL.

      The Briefing Center includes displays of:


      • Cabinets and Cages
      • Cabling Options
      • Power Strips

      Conference room facilities are also available.

      To access the Briefing Center, an appointment is needed. Please contact your  Global Account Manager for further information and to schedule an appointment today.