• CME Globex Notices: April 25, 2011

      • To
      • CME Globex Customers
      • From
      • Global Account Management
      • #
      • 20110425
      • Notice Date
      • 25 April 2011
    • Topics in this issue include:
      Critical System Updates
      New Functionality
      Product Launches
      Product Changes
      Events and Announcements

      Critical System Updates

      New Mandatory iLink Tags
      The new mandatory FIX tags which will enhance customer support and assist in market oversight are currently accepted in production on inbound iLink messages. Customers may begin populating these tags now; the final deadline is June 5, 2011. The five new tags will be used to identify:

      • 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
        • Should reflect trader’s primary location; 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

      To ensure customer readiness CME Group recommends the following action items must be completed prior to the June 5, deadline:

      • System Providers
          All customer order routing systems must complete the mandatory certification via AutoCert+ and support the population of the new tags; CME recommends this be completed by early April 2011 to allow customers sufficient time to download the software and populate the tags prior to June 5th.
      • Trading customers
        • Ensure customer country/state information is gathered in preparation of populating the tags. This should be completed prior to an updated trading system being deployed.
        • Implement any proprietary or third-party software that enables populating the new mandatory tags.
        • Populate the new tags prior to June 5.

      These tags are available in New Release for customer testing. There are no impacts to FIX/FAST market data with this launch. Please contact your   Global Account Manager with any questions.

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

      New Functionality

      NEW Security Definition Enhancement for BM&F BOVESPA Products on CME Globex
      At customers’ requests, the FIX/FAST Security Definition (tag 35-MsgType=d) messages for BM&F BOVESPA options on CME Globex have been enhanced to always include tag 202-StrikePrice.

      GTC and GTD Orders Outside Daily Price Limits for NYMEX Energy Products
      Effective this Sunday, May 1, 2011 (trade date Monday, May 2), Good Till Cancel (GTC) and Good Till Date (GTD) orders will be accepted outside the daily price limits for NYMEX energy products. This enhancement allows customers to better manage orders and positions.

      This change is currently available in New Release for customer testing.

      NEW S&P Indexes via Streamlined FIX/FAST
      In late Q2 2011, CME Group is launching streamlined FIX/FAST, a new version of the FIX/FAST market data format, optimized for non-actionable price data. The initial launch of streamlined FIX/FAST will support S&P Indices market data. Streamlined FIX/FAST has a   dedicated message specification distinct from the CME Globex FIX/FAST format and a new template.

      Please note: CME Group recommends customer systems pull the templates from the CME Group ftp site every week, prior to Sunday start.

      To ensure S&P customers currently receiving ITC 2.1 market data have sufficient time to develop, certify (if applicable), and deploy the streamlined FIX/FAST solution, ITC 2.1 market data format will continue to be disseminated for approximately 5 months following the streamlined FIX/FAST launch.

      Effective Monday, May 9, 2011, new functionality will only be implemented on streamlined FIX/FAST. Index launches will be supported on both ITC 2.1 and the new streamlined FIX/FAST.

      Streamlined FIX/FAST will be available in New Release for customer testing on Monday, May 9, 2011.

      Detailed information for S&P Indices via streamlined FIX/FAST is available online in the   Client Impact Assessment.

      MexDer Markets via CME Globex
      In early Q3 2011, MexDer, Mercado Mexicano de Derivados markets will be available via CME Globex for iLink order routing and FIX/FAST market data. CME Group customers who would like to trade MexDer products must establish all appropriate agreements and accounts to be authorized to trade MexDer products. CME Group customers interested in accessing MexDer products via the CME Globex platform must develop and complete certification for new functionality and messaging specific to MexDer markets.

      Please contact your   Global Account Manager for further information.


      MexDer market data via CME Globex will utilize a new FIX/FAST template. The new template is currently available in New Release. A new mandatory certification suite will be available Monday, May 2, in AutoCert+ for customer systems planning to support MexDer via CME Globex.

      MexDer markets via CME Globex are currently available New Release for customer testing.

      The  client impact assessment provides detailed functionality and messaging for customer systems interested in supporting MexDer products via CME Globex.

      Product Launches

      10-Year Sovereign Yield Spread Futures
      Effective Sunday, May 22 (trade date Monday, May 23),   CME 10-Year Sovereign Yield Spread (Sovys) futures will be listed for trading on the CME Globex platform.

      Based on pair-wise spreads of government bond yields of France, Germany, Italy, the Netherlands, UK and the U.S., 10-Year Sovys futures wrap a sovereign yield spread into a single futures contract. 10-Year Sovys futures make trading and monitoring of sovereign bond spread exposures simpler, more cost-effective, and more efficient than ever before.


      10-Year Sovereign Yield Spread Futures

      Product Tag 1151-SecurityGroup tag 55-Symbol
      US-UK Sovereign Yield Spread Futures SKV TY
      US-De Sovereign Yield Spread Futures SEV
      US-Fr Sovereign Yield Spread Futures SFV
      US-It Sovereign Yield Spread Futures STV
      US-Nd Sovereign Yield Spread Futures SDV
      UK-De Sovereign Yield Spread Futures KEV
      UK-Fr Sovereign Yield Spread Futures KFV
      UK-It Sovereign Yield Spread Futures KTV
      UK-Nd Sovereign Yield Spread Futures KDV
      De-Fr Sovereign Yield Spread Futures DFV
      De-It Sovereign Yield Spread Futures DTV
      De-Nd Sovereign Yield Spread Futures DNV

      These products will be available for customer testing in New Release this Monday, May 2.

      NEW Weekly Corn Soybeans, and Wheat Options
      Effective Sunday, May 22 (trade date Monday, May 23),   Weekly Corn, Soybean, and Wheat options will be listed for trading on CME Globex.

      Product Tag 1151-SecurityGroup tag 55-Symbol
      Corn Options ZC1-ZC5 OC
      Soybean Options ZS1-ZS5 SQ
      Wheat Options ZW1-ZW5 OW

      These products will be available for customer testing in New Release Monday, May 9.

      Product Changes

      FIX tag 996-UnitOfMeasure Change for Green Exchange CERplus Futures and Intercommodity Spreads
      Effective this Sunday, May 1, (trade date Monday, May 2), the UnitofMeasure (FIX tag 996) for CERplusSM products will change as follows:

      FIX tag 996-UnitOfMeasure Change for Green Exchange CERplus Futures and Intercommodity Spreads

      Futures Tag 1151-SecurityGroup Current tag 996- UnitofMeasure New tag 996-UnitofMeasure
      CERplusSM Futures CPL CER RCER
      CERplusSM (CPL) vs. In Delivery Month European Union Allowance (EAF) Intercommodity Spread CPL
      In Delivery Month Certified Emission Reduction (CRE) Futures vs. CERplusSM (CPL) Intercommodity CRE

      The unit of measure change for CERplusSM product is available for customer testing in New Release.

      Update FIX tag 55-Symbol Changes for Energy Futures and Future Spreads
      The FIX tag 55-Symbol changes, originally scheduled for Sunday, May 1, have been rescheduled for Sunday, May 8.

      Effective Sunday, May 8, 2011, the FIX tag 55-Symbol values for Energy futures and future spreads will be changed as follows:

      FIX tag 55-Symbol Changes for Energy Futures and Future Spreads

      Futures and Spreads Tag 1151-SecurityGroup Current tag 55-Symbol New tag 55-Symbol
      Oman Crude Oil Financial ZGD CL DE
      Oman Crude Oil OQD
      Intercommodity Spreads ZGD-OQD
      ASCI Financial A0X CL OP
      Brent Crude Oil Last Day Financial BZ
      Crude Oil Volatility Index CVF
      European Gasoil (ICE) GLI
      Gulf Coast Gasoline LR
      Gulf Coast Harbor ULSD LU
      Gulf Coast Sour Crude Oil MB
      New York Harbor Ethanol QEN
      REBCO RE
      REBCO Financial REB
      Intercommodity Spreads BZ-REB, BZ-RE, RE-REB, LR-LU
      Cross-Symbol Intercommodity Spreads CL-BZ, CL-RE, CL-REB, A0X-CL, LR-RB, LU-HO, MB-CL, QEN-RB CL IE
      Inter-exchange Spreads - Light Sweet Crude Oil CL-OQD, CL-ZGD CL WD
      BZ Inter-exchange Spreads BZ-OQD, BZ-ZGD CL BD

      Market Data Platform channels and implied functionality will not be impacted.

      To facilitate these changes, customers are asked to cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for the impacted futures and spreads after their close on Friday, May 6. After 16:00 CT on Friday, May 6, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC).

      These changes are currently available for customer testing in New Release.

      Events & Announcements

      NEW Revised iLink Session ID Auto-Deletion Process
      Effective Monday, May 9, CME Group will implement a revised quarterly iLink session ID auto-delete process. CME Group will replace the previous login requirement to avoid auto-deletion with a minimum message threshold requirement. This threshold will initially be set at 100 messages over a 6-month period; any iLink session ID with fewer than 100 messages will be flagged for deletion. For the purposes of this policy, a message is defined as an order, modify, cancel or mass quote.

      Idle iLink session IDs needlessly consume resources and make load balancing and resource allocation planning more difficult. CME Group is committed to managing session IDs to ensure the best performance on CME Globex for our customers. The iLink session ID auto-delete process helps ensure these resources are managed proactively and consistently across the marketplace.

      Details on the process are available   online. An e-mail notification will be distributed to Class A clearing firms on Monday, May 9. Class A clearing firms will have six weeks to review their idle session IDs. All idle session IDs will be deleted at end of day June 24.

      Update CME Co-Location Services Capacity Update Reminder
      As our valued customer, we would like to update you on the capacity status of CME Co-Location Services, for our Phase 1 launch.

      If you are interested in applying for space at CME Group's co-location facility and haven't already done so, CME Group is now accepting requests for space. Requests submitted will be reviewed on a first come, first serve basis based on available capacity at the time of the request.

      Additionally, please note, if you are interested in participating in our Phase 1 launch, all contracts must be submitted by May 16, 2011.

      To request legal and product related materials, or for additional information, please contact your   Global Account Manager at 312-634-8700, in Europe at 44-20-7796-7100, or in Asia at 65-6593-5574.