• CME Globex Notices: October 10, 2011

      • To
      • CME Globex Customers
      • From
      • Global Account Management
      • #
      • 20111013
      • Notice Date
      • 10 October 2011
    • Topics in this issue include:
      Product Launches
      Product Changes
      Events and Announcements
      Product Launches

      Standard-Size USD/RMB Futures (CNY) and E-micro USD/RMB (CNY) Futures
      Effective this Sunday, October 16 (trade date Monday, October 17), 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.

      Standard-Size USD/RMB Futures (CNY) and E-micro USD/RMB (CNY) Futures

      Product Tag 1151-SecurityGroup Tag 55-Symbol
      Standard USD/RMB futures CNY UR
      E-Micro USD/RMB futures MNY

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


       NEW GreenX Cross State Air Pollution Rule (CSAPR) Transport Rule(TR) Nitrogen Oxides (NOx) Futures and Sulfur Dioxide (SO2)
      Effective Sunday, November 6 (trade date Monday, November 7), the Green Exchange CSAPR TR NOx and SO2 futures will be listed for trading on CME Globex.

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

      CSAPR TR NOx and SO2 Futures

      Futures Tag 1151-SecurityGroup Tag 55-Symbol
      CSAPR TR NOx Annual Vintage 2012 Allowance NXA VX
      CSAPR TR NOx Ozone Season Vintage 2012 Allowance NXS
      CSAPR TR SO2 Group 1 Vintage 2012 Allowance SG1
      CSAPR TR SO2 Group 2 Vintage 2012 Allowance SG2

      These products will be available for customer testing in New Release Monday, October 24.

      Product Changes

      Expansion of Standard Options on Three-Month Eurodollar Futures
      Effective Sunday, October 16 (trade date Monday, October 17), CME Group will expand its listings of standard options on Three-Month Eurodollar futures (tag 1151-SecurityGroup=GE, tag 55-Symbol=GE), such that standard options will be listed for expiration in each of the nearest 12 months maturities in the March Quarterly cycle (i.e. options on all White-, Red-, and Green-year Eurodollar futures). Currently, standard options are listed for expiration in only the nearest 8 March Quarterly maturities (i.e. options on all White- and Red-year Eurodollar futures).

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


      FIX tag 55-Symbol Changes for Energy Futures and Future Spreads
      Effective Sunday, October 23, 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, LR-LU
      Cross-Symbol Intercommodity Spreads CL-BZ, CL-RE, CL-REB, A0X-CL, LR-RB, LU-HO, MB-CL, BZ:C1 HO-BZ 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, October 19. After 16:00 CT on Friday, October 19, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC).

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


      Additional Listings for GreenX In Delivery Month European Union Allowance (EUA) Futures and Certified Emission Reduction Plus (CERplusSM) Futures
      Effective Sunday, October 23 (trade date Monday, October 24), the December 2015 maturity for In Delivery Month European Union Allowance (EUA) futures (tag 1151-SecurityGroup=EAF) and Certified Emission Reduction Plus (CERplus) futures (tag 1151-SecurityGroup=CPL) will be listed for trading on CME Globex.


      New Product Name and Symbol for Eurodollar Mid-Curve Options
      Effective Sunday, November 6, 2011 (trade date Monday, November 7), the 5-Year MidCurve options will be renamed 4-Year Mid-Curve options. The product symbol will also be changed to GE4 from GE5 (tag 1151-SecurityGroup). This change will introduce a consistent naming and symbol convention for Eurodollar Mid-Curve options on CME Globex.

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

      These changes will be available for customer testing in New Release Monday, October 17.


       Update Reduction of the Strike Increments in Treasury Note Options
      At customers’ requests, effective Sunday, November 6 (trade date Monday, November 7 ), CME Group will reduce strikes increments in the 5-Year Treasury and 2-Year Treasury Note standard and weekly options beginning with December 2011 maturities for trading on CME Globex as follows:

      • 5-Year Treasury strike increments will be reduced from 1/2 to 1/4 of one price point.
      • 2-Year Treasury strike increments will be reduced from 1/4 to 1/8 of one price point.

      Reduction of the Strike Increments in Treasury Note Options

      Product Tag 1151-SecurityGroup tag 55-Symbol
      5-Year Treasury options OZF 0N
      5-Year Treasury weekly options ZF1, ZF2, ZF3, ZF4, ZF5
      2-Year Treasury options OZT N2
      2-Year Treasury weekly options ZT1, ZT2, ZT3, ZT4, ZT5

      With these changes, the listing rules will be expanded from ATM ± fifteen to ATM ± thirty for all trading maturities.

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

      These changes will be available for customer testing in New Release Monday, October 24.


       NEW European-style Weekly S&P 500 and E-mini S&P 500 Options Strike Expansion
      Effective Sunday, November 6 (trade date Monday, November 7),the strike listing rules for the European-style weekly options on the S&P 500 and the E-mini S&P 500 strike ranges will be expanded for all weekly maturities.

      With this change, all maturities of the European-style weekly S&P 500options and E-mini S&P 500 options will list at-the-money ± 50 strikes. Currently, ATM ± 30 strikes are listed for all weekly maturities.

      European-style Weekly S&P 500 & E-mini S&P 500 Options

      Option Tag 1151-SecurityGroup tag 55-Symbol
      S&P 500 Week 1 EV1 OS
      S&P 500 Week 2 EV2
      S&P 500 Week 4 EV4
      E-mini S&P 500 Week 1 EW1 EW
      E-mini S&P 500 Week 2 EW2
      E-mini S&P 500 Week 4 EW4

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

      These changes will be available in New Release for customer testing on Monday, October 24.

      Events & Announcements

       NEW CME Group Technology Conference
      Wednesday, October 26, 2011
      8:30 a.m. to 5:00 p.m.
      CME Group at 20 South Wacker Drive, Chicago

      CME Group's Technology Conference is a one-day event that hosts engaging speakers and expert practitioners with knowledge of relevant technologies and trends related to the financial industry. Presentations will be aligned with each of the following topics:

      • High Performance
      • Big Data / Grid Computing
      • Operational Excellence

      This complimentary conference welcomes developers, technology managers and testers who are interested in learning about how and where to apply these new technologies.

      We have limited capacity, so registration is on a first-come, first-served basis.

      Click  here to register.


       NEW CME Co-Location Services
      Countdown to Launch – January 29, 2012

      CME Co-Location Services, comprised of hosting, connectivity and support services, will officially launch live trading on Sunday, January 29, 2012, at our new state-of-the-art data center in Aurora, Illinois. CME Group’s trading match engine, which is located in this data center, will allow for the lowest latency connectivity possible for all products traded on the CME Globex platform.

      Over the past few months, customers have been securing space, moving in equipment and testing their connections as they look forward to going live in January.

      If you haven’t inquired about our offering yet, please contact your Global Account Manager for details. Space in our data center is still available and contracts are being accepted for customers who wish to move in during the weeks immediately following the launch date of January 29, 2012.

      Contact your  Global Account Manager today to get started at +1.312.634.8700 in the United States; +44.20.7796.7100 in Europe; and +65.6593.5574 in Asia.

      Learn more about CME Co-Location Services, visit  www.cmegroup.com/colo.

      View  CME Co-Location Services Brochure (PDF).


      New York/New Jersey Connectivity Update
      In early 2012, CME Group will introduce a new high capacity backbone between New York/New Jersey and Chicago terminating at two independent data center locations. This new backbone provides CME Group with a local presence on the East Coast, which allows for customer aggregation outside of Chicago in support of business continuity.

      In addition, CME Group has introduced a new client-managed offering called CME EConnect. With CME EConnect customers can choose their own carrier and hardware vendors. Customers who choose to connect via CME EConnect will order their own cross-connects from their leased space within the respective local data centers or from the data center carrier rooms to the CME Group network.

      CME Group will work with existing New York and New Jersey CME DIRECTLink customers to re-route their connections to the points of presence in New York and New Jersey.

      Detailed information is available  online. 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.