CME Globex Notices: August 15, 2011

• CBOT and CME Interest Rate Futures Enhancements - August 2011

• New Fixing Price for Equity Futures - September 18

• GreenX California Carbon Allowance Futures - August 28
• 3-Month Euribor Futures - October 2
• Standard-Size USD/RMB (CNY) Futures and E-micro USD/RMB (CNY) Futures - October 16

• Expansion of the New York Harbor Ultra-Low Sulfur Diesel (ULSD) Futures - This Week
• Expansion of New York Harbor No. 2 Heating Oil Futures and Options - This Week
• Temporary Delisting for Softwood and Hardwood Pulp Contract Months - August 26
• Options on Live Cattle Futures and Lean Hog Futures - September 11

• Market Data Performance Testing in New Release - September 2

  CBOT and CME Interest Rate Futures Enhancements
Effective Q3 2011, a number of enhancements will be introduced for CME and CBOT Interest Rate futures and future spreads on CME Globex.

In internal testing environments, the enhancements for CME and 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 response and FIX/FAST response times by an average of 30-50%. As a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 50%.

Please Note: For the August 21 launch, customers are asked to please cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for CME Interest Rate futures and futures spreads after their respective closes this Friday, August 19. After 16:00 CT on Friday, August 19, 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 beginning 15:00 Central Time (CT), this Sunday, August 21.

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

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

 New Fixing Price for Equity Futures
Effective Sunday, September 18 (trade date Monday, September 19), CME Group will begin disseminating Fixing Prices via FIX/FAST for the following Equity products.

These equity options fixing prices will be published Monday through Friday, at 3:00 p.m. CT. Fixing Price is a volume-weighted average price for the underlying futures contract and is used to determine which options strikes are in-the-money and exercisable.

Fixing Price data blocks are sent in the FIX/FAST Market Data Incremental Refresh (tag 35-MsgType=X):

• Tag 279- MDUpdateAction will be set to 0 = New
• Tag 269-MDEntryType will be set to W = Fixing Price
• Tag 5790-FixingBracket will display the time that the Fixing Price was calculated

  GreenX California Carbon Allowance Futures
Effective Sunday, August 28 (trade date Monday, August 29), 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 this Monday, August 22.

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.

  Standard-Size USD/RMB Futures (CNY) and E-micro USD/RMB (CNY) Futures
The launch of the new Standard-Size USD/RMB (CNY) futures and E-Micro USD/RMB (CNY) futures, previously scheduled for this Sunday, August 21, has been postponed at customers’ requests to Sunday, October 16 (trade date Monday, October 17).

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.

Expansion of the New York Harbor Ultra-Low Sulfur Diesel (ULSD) Futures
Effective this 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.

These additional listings are currently available in New Release for customer testing.

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

Please Note: The New York Harbor No. 2 Heating Oil options will not be expanded at this time.

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

These additional listings are currently available in New Release for customer testing.

 Temporary Delisting for Softwood and Hardwood Pulp Contract Months
Effective close of business Friday, August 26, Softwood Pulp futures and options contract beginning with January 2013 and Hardwood Pulp futures and options contracts beginning with January 2012, will be temporarily delisted.

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

 Options on Live Cattle Futures and Lean Hog Futures
Effective Sunday, September 11 (trade date Monday, September 12), listing cycles for options on live cattle futures and options on lean hog futures will be extended to include every listed futures contract month.

As a result, the following additional options contract months will be added:

• Options on Live Cattle futures-October 2012, December 2012, February 2013
• Options on Lean Hog futures-December 2012, February 2013

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

 Market Data Performance Testing in New Release
Effective Friday, September 2, a weekly market data performance window will be offered in New Release every Friday from 7:00-9:00 a.m. CT. During this time peak-volume and real-time FIX/FAST market data from production will be replayed in New Release.

Market data performance windows allow customers to test their applications in conditions as close as possible to production.

More details on the performance testing sessions and New Release environment schedules are available in the  Certification Environments Overview.

Manage Subscriptions | Trademarks & Disclaimers | Privacy Policy | CME Group Site Map | Forward to a Friend

If you wish to unsubscribe from ALL CME Group email publications please click here.
This will block your address from all CME marketing emails, newsletters, updates, and invitations.
If you have previously unsubscribed and wish to be added back, or have unsubscribed in error, please send an email to info@cmegroup.com and our Customer Service department will be happy to help you.

Futures trading is not suitable for all investors, and involves risk of loss. Futures are a leverage instrument, and because only a percentage of a contract's value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures product.

CME Group is the trademark of CME Group, Inc.
The Globe logo, Globex® and CME® are trademarks of Chicago Mercantile Exchange, Inc.
CBOT® is the trademark of the Board of Trade of the City of Chicago.
NYMEX, New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange. Inc.
COMEX is a trademark of Commodity Exchange, Inc.
Copyright ® 2011 CME Group. All rights reserved.

%%Member_Busname%%
%%Member_Addr%%
%%Member_City%%, %%Member_State%% %%Member_PostalCode%% %%Member_Country%%
800-331-3332
312-930-1000