CME Globex Notices: August 1, 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.

In internal testing environments, the enhancements for CBOT Interest Rate futures 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 40-60%. As a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 60%. Response time estimates for CME Interest Rate futures will be published in the CME Globex Notices when available.

Please Note: For the August 7 launch, customers are asked to please cancel all Good ‘Till Cancel (GTC) and Good 'Till Date (GTD) orders for CBOT Interest Rate futures and futures spreads after their respective closes this Friday, August 5. After 16:30 CT on Friday, August 5, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC). GTC and GTD orders may be re-entered during an extended pre-open period on Sunday, August 7, 15:00 – 17:30 CT. If you have any questions, please contact the CME Globex Control Center at 312.456.2391 or in Europe at 44.20.7623.4708.

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

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

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 are currently available in New Release for customer testing.

GreenX California Carbon Allowance Futures
Effective Sunday, September 11 (trade date Monday, September 12), the Green Exchange California Carbon Allowance (CCA) futures will be listed for trading on CME Globex.

The contract size for California Carbon Allowance Futures will be 1,000 metric tons CO₂ equivalent. These contracts will be listed on an annual expiration cycle for the December 2012, December 2013 and December 2014 contract months.

These contracts are listed with, and subject to, the rules and regulations of GreenX. All transactions will be available for clearing through CME Clearing.

This will be available for customer testing in New Release on Monday, August 29.

 3-Month Euribor Futures
Effective Sunday, October 2 (trade date Monday, October 3),  3-Month Euribor futures will be listed for trading on CME Globex.

Euribor futures will leverage the global distribution of CME Globex, offering fast and efficient access to the world’s most liquid interest markets. These futures will also provide the marketplace with tools for managing global interest rate exposure.

This contract will be listed with, and subject to, the rules and regulations of CME.

  Green Exchange Sulfur Dioxide and Nitrogen Oxide Products Delisting
Effective Friday, August 12, the following Green Exchange Sulfur Dioxide and Nitrogen Oxide products will be delisted.

Expansion of the New York Harbor Ultra-Low Sulfur Diesel (ULSD) Futures
Effective Sunday, August 21 (trade date Monday, August 22), the listing cycle for New York Harbor Ultra-Low Diesel futures (tag 1151-SecurityGroup=CL, tag 55-Symbol=LH) will be expanded to list the current year and the next four consecutive calendar years plus one additional month. The listing currently includes maturities through January 2013.

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

This additional listings will be available in New Release for customer testing on this Monday, August 8.

Expansion of New York Harbor No. 2 Heating Oil Futures and Options
Effective Sunday, August 21 (trade date Monday, August 22), the listing cycle for New York Harbor No.2 Heating Oil futures and options will be expanded to list through April 2013 and discontinued thereafter. The current rule is to only list maturities through January 2013.

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

This additional listings will be available in New Release for customer testing on this Monday, August 8.

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.

Please Note: Clearing production will be available for firms to test end-to-end and view trades via the Front End Clearing (FEC) portal.

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.