CME Globex Notices: November 22, 2010

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, 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.

Based on customer feedback, the requirements have been updated and clarified to be more easily supported by system providers. A summary of the clarifications are captured below.

The new tags will be used to indentify:

• Front-end system
  • Should reflect the gateway application logging into the iLink session id
• Automated trading indicator flag
  • Does not have to dynamically change on a per-order basis from manual to automated
• Country of origin
  • Does not have to dynamically change based on trader’s current location.
  • For automated systems, the tag should denote the location of the system operator, not the trading system.

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.

Please see the updated    Client Impact Document for a more detailed description of technical and data requirements.

COMEX, NYMEX, and DME Futures Enhancements
In response to customer feedback, the COMEX, NYMEX and DME futures enhancements have been rescheduled:

Please note: for the COMEX futures enhancements launch on December 12, customers are asked to please cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for these COMEX futures and futures spreads after their respective closes on Friday, December 10. After 16:15 CT on Friday, December 10, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC).

GTC and GTD orders for COMEX futures and futures spreads may be re-entered during an extended pre-open period, starting at 15:00 CT, on Sunday, December 12. TAS products will pre-open at their normal time, 16:15 CT. If you have any questions, please contact the CME Globex Control Center at 312.456.2391, in Europe at 44.20.7623.4708, or in Asia at 65.6223.1357.

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.

 European Union Allowance Daily vs. In Delivery Month Intercommodity Spreads
Effective Sunday, December 19 (trade date Monday, December 20), new EUA Daily vs. In Delivery Month intercommodity spreads will be listed for trading on the CME Globex platform.

The intercommodity spreads will use the value IS in tag 762-SecuritySubType.

These are intercommodity spreads between a daily and a monthly future. The spreads will be listed and expired according to the daily future’s schedule.

These new futures spreads will be available in New Release for customer testing Monday, December 13.

 Henry Hub Natural Gas Look-Alike Penultimate Financial Futures
Effective Sunday, December 19 (trade date Monday, December 20), the Henry Hub Natural Gas Look-Alike Penultimate Financial futures (tag 1151-SecurityGroup=HP) 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 Penultimate Financial futures (tag 1151=HP). These intercommodity spreads will be listed with tag 762-SecuritySubType=IS.

The Henry Hub Natural Gas Look-Alike Penultimate Financial future will be available for customer testing in New Release on Monday, December 13, 2010.

 3 Additional FX E-micro Futures Contracts on CME Globex
Effective Sunday, December 19,(trade date Monday, December 20),FX E-micro futures will be listed for trading on the CME Globex platform.

The FX E-Micros are a series of innovative smaller-sized FX contracts, designed to enable retail traders and investors to cost-effectively access the security, transparency and liquidity of CME Group's FX products. The FX E-micro contracts will be one-tenth the size of the corresponding FX contracts, making them accessible to active individual traders, small Commodity Trading Advisers (CTAs), and Small Medium Enterprises (SMEs).

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.

 3-month and 1-month FXVolContracts Futures and Spreads
Effective Sunday, February 6 (trade date Monday, February 7), the following 3-month and 1-month FXVolContracts (realized volatility futures and spreads) will be listed for trading on CME Globex.

These FX Realized Volatility products are defined as follows:

These are the first futures contracts that offer direct trading of FX volatility. FX VolContracts allow participants to buy or sell FX volatility without the complexity of managing standard options positions, and without the necessity of forming a strong directional view on the underlying.

The contracts are valued at $1,000 times the computed realized volatility for the specific time period. They are quoted as an annualized standard deviation in minimum increments of 0.01% (i.e., one may quote the contract as 12.52; 12.53; 12.54, 12.55, 12.56, etc.).

The calendar spreads will use the value SP in tag 762-SecuritySubType.

These products will be available for customer testing in New Release Monday, January 24.

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:

The E-mini S&P SmallCap 600 (SMC) with the new tag 55 value is now available in New Release for customer testing.

 S&P 500 Futures Listing Expansion
Effective Sunday, December 19 (trade date Monday, December 20), the listing cycle for S&P 500 futures (tag 1151-Secuirty Group=SP) will be expanded by adding three additional December contracts. With this change, the listing cycle will be eight quarterlies contracts plus three additional December contracts.

 AutoCert+ New Tests for iLink Test Suite
The following tests for iLink certification are now available in the Autocert+ iLink test suite.

• Fault Tolerance Test
• Cross message Tests

If you have any questions or concerns, please contact Certification Support for Electronic Trading  CSET at 312.930.2322.

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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.