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 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 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 CME Interest Rate futures test these changes thoroughly in New Release.