CME Globex Notices: July 11, 2011

CBOT and CME Interest Rate Futures Enhancements
Effective August 2011, a number of enhancements will be introduced for CBOT and CME Interest Rate futures and future spreads on CME Globex.

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

A mock trading session for both CBOT and CME Interest Rate futures will be held on Saturday, July 23. Details on the mock will be made available in the CME Globex Notices.

CME Group recommends all system providers supporting CBOT and CME Interest Rate futures test these changes thoroughly in New Release.

 MexDer Markets via CME Globex
Effective Monday, August 1, 2011 (pending regulatory approval) , MexDer, Mercado Mexicano de Derivados markets will be available via CME Globex for iLink order routing. 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.

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.

A mock trading session will be held on Saturday, July 30. Please contact your  Global Account Manager for further information.

Short-term Crude Oil and Natural Gas Options
Effective this Sunday, July 17 (trade date Monday, July 18), Short-term Crude Oil and Natural Gas options will be listed for trading on CME Globex.

Short-term Crude Oil and Natural Gas options contracts will have daily expiration dates listed up to five days in advance. Short-term natural gas and crude oil options will run off standard strike prices and the standard front-month futures contract.

These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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

Short-term Gold Options
Effective this Sunday, July 17 (trade date Monday, July 18), Short-term Gold options will be listed for trading on CME Globex platform.

The Short-term Gold options represent a cost-effective means for professional investors to gain exposure to gold. These new short-term options contracts will have daily expiration dates listed up to five days in advance. Short-term gold options will run off the standard strike prices and the cycle month futures contract.

These contracts are listed with, and subject to, the rules and regulations of COMEX.

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

Pine Prairie Energy Center Natural Gas Monthly Basis Future
Effective Sunday, July 24 (trade date Monday July 25), the Pine Prairie Energy Center (PPEC) Physically Delivered Natural Gas Monthly Basis Futures (tag 1151-SecurityGroup=PPE, tag 55-Symbol=NJ), will be listed for trading to CME Globex.

This contact is listed with NYMEX and subject to the rules and regulations of NYMEX.

This is currently available in New Release for customer testing.

 Standard-Size USD/RMB Futures (CNY) and E-micro USD/RMB (CNY) Futures
Effective Sunday, August 21 (trade date Monday, August 22), Standard-Size USD/RMB (CNY) futures and E-Micro USD/RMB (CNY) futures will be listed for trading on CME Globex.

These innovative new futures contracts will be quoted in interbank (European) terms, reflecting the number of CNY per US dollar. The Standard-Size USD/RMB (CNY) futures and E-Micro USD/RMB (CNY) futures are aligned with the OTC market convention for non-deliverable forwards while providing the benefits of counterparty risk mitigation from exchange-traded derivatives.

These contracts are listed with, and subject to, the rules and regulations of CME.

These products will be available for customer testing in New Release on Monday, August 01, 2011.

Additional Bursa Malaysia Derivative Berhad Crude Palm Oil Futures (FCPO) Calendar Spreads
Effective this Sunday, July 17 (trade date Monday July 18), additional Bursa Malaysia Derivative Berhad Crude Palm Oil future (FCPO) calendar spreads will be listed for trading on CME Globex. With this change, the spot month and the next five consecutive maturities with alternating maturities up to fifteen months will be listed. Currently, additional Bursa Malaysia Derivative Berhad Crude Palm Oil future (FCPO) calendar spreads are listed for the first six maturities all combinations.

The new calendar spreads are currently available in New Release for customer testing.

New Synthetic Futures for Commodity Options on Calendar Spreads
Effective Sunday, July 24, new synthetic futures will be launched for the following options on calendar spreads:

Settlement prices will be published for the new synthetic future to support customers’ options pricing model.

The options (tag 1151) will identify the underlying contract in tag 309-UnderlyingSecurityID of the Security Definition (tag 35-MsgType=d) FIX/FAST message.

The new synthetic futures are currently available in New Release for customer testing.

 Early Listing for December 2012 Wheat Options
Effective Sunday, July 24 (trade date Monday July 25), CME Group will list the December 2012 maturities in Wheat Option (tag 1151-SecurityGroup= OZW, tag-55-Symbol=OW).

These contracts are listed with, and subject to, the rules and regulations of CBOT.

 Expansion of Wheat Serial Options
Effective Sunday, July 24 (trade date Monday, July 25), the listing cycle for Wheat options (tag 1151-SecurityGroup=OZW, tag 55-Symbol=OW) will be expanded to list three consecutive maturities. Currently, only first two maturities are listed.

These contracts are listed with, and subject to, the rules and regulations of CBOT.

Temporary Removal of Eurodollar Calendar Spread Options from CME Globex
Effective Sunday, July 31, 2011, CME Group will temporarily remove the Eurodollar Calendar Spread options (tag-1151 SecurityGroup=SPO, tag-55 Symbol=8I) from CME Globex only. Further information will be available in forthcoming CME Globex notices.

 Messaging Policy Q3 Benchmarks
The Q3 2011 Messaging Policy benchmarks are now available   online.

The benchmarks are published quarterly and are based on the per-product Volume Ratios, including the prior quarter's roll trading.

The CME Globex Messaging Policy creates fair business guidelines by which customers are billed a surcharge for overly high message rates. Under the CME Globex Messaging Policy, each clearing member firm (active or inactive clearing member firms which maintain relationships with CME Clearing) must not exceed product-specific benchmarks, tailored to the valid trading strategies of each market. CME Group calculates benchmarks based on a per-product Volume Ratio.

CME Group is currently reviewing the Messaging Policy and information regarding any future changes will be available via the CME Globex Notices.

Please contact your  Global Account Manager with any questions.

 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.

To ensure customer readiness CME Group offers Simulated CME Globex Disaster Recovery (DR) testing which will be held on Saturday, August 13.

Simulated CME Globex DR testing is designed to ensure 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 Frequently Asked Questions and DR Client Impact Assessment, is available  online.

The Simulated CME Globex DR testing will begin at 9:30 a.m. CT and conclude at 1:00 p.m. CT. A detailed timeline is available in the  overview.

For more detailed information on the Simulated CME Globex DR testing, please contact your  Global Account Manager.