CME Globex Notices: October 31, 2011

New Market Data Platform Channel for DME Options
Effective Sunday, November 20, a new Market Data Platform channel 29 will be defined for FIX/FAST market data on DME options. Until the launch of DME options, the channel will only broadcast heartbeats.

Information on the new channel will be added to the config.xml file for the following environments as follows:

• New Release - Monday, November 14
• Production/Certification - Sunday, November 20

With this launch, channel 28 will be re-titled “DME Futures” in the config.xml file.

The new Market Data Platform channel will be available for customer testing in New Release on Monday, November 14.

iLink Enhancements for BM&FBOVESPA via CME Globex
Effective Sunday, December 11, 2011, a number of iLink enhancements will be launched for the Brazilian Mercantile and Futures Exchange/Sao Paulo Stock Exchange (BM&FBOVESPA) order routing solution.

These enhancements include:

• New supported order types for BM&FBOVESPA markets
• New supported FIX tags
• Updated functionality

BM&FBOVESPA markets will be unavailable through the New Release environment Monday, October 24 through Monday, October 31, 2011. If you have any questions, please contact  CSET at 1-312-930-2322.

Customer mock trading sessions will be offered Saturday, November 19 and December 10. More information will be available in the CME Globex Notices.

The client impact assessment is now available  online. The enhancements are currently available for customer testing in New Release.

GreenX Cross State Air Pollution Rule (CSAPR) Transport Rule (TR) Nitrogen Oxides (NOx) Futures and Sulfur Dioxide (SO2)
Effective this 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.

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

  Trading at Marker Platts - Postponed
The launch of the Trading at Marker Platts, previously scheduled for this Sunday, November 6, has been postponed. Further information will be available in the CME Globex Notices.

These contracts are listed with, and subject to, the rules and regulations of NYMEX. Additional information for TAM Platts trading is available  online.

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

The TAM Platts marker prices will be disseminated via the Market Data Platform NYMEX ITC channel.

  New DME Oman Crude Oil European Style Option Contract (OQE)
Effective Sunday, December 11, subject to Dubai Financial Services Authority (DFSA) approval, DME Oman Crude Oil European Style Option will be listed for trading on CME Globex.

The DME Oman Crude Oil European Style Option will be disseminated on a   new Market Data Platform channel 29.

This contract is listed with and subject to the rules and regulations of the Dubai Mercantile Exchange.

The product will be available for customer testing in New Release on Monday, November 14.

Reduction of the Strike Increments in Treasury Note Options
At customers’ requests, effective this 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.

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 are available in New Release for customer testing.

European-style Weekly S&P 500 and E-mini S&P 500 Options Strike Expansion
Effective this 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.

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

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

Expansion of Short-Term Gold Options Strike Price Listings
Effective this Sunday, November 6 (trade date Monday, November 7), the strike listing rules for Short-Term Gold Options (tag 1151-SecurityGroup=L01-L31) will be expanded from ATM ± 10 to ATM ± 40 on CME Globex.

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

The expanded strike price listings are currently availble in New Release for customer testing.

Implied Delay Functionality for NYMEX and COMEX Futures
Effective this Sunday, November 6, 2011 (trade date Monday, November 7), CME Globex will remove the 10 second implied delay functionality for the market open process for all NYMEX and COMEX futures.

This change is currently available in the New Release environment for customer testing.

E-micro USD/RMB Minimum Tick and Display Factor Changes
Effective Sunday, November 20 (trade date Monday, November 21), changes to minimum tick increment and tag 9787-DisplayFactor will be implemented for E-micro USD/RMB futures.

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 on Monday, November 7.

More information on tag 9787-DisplayFactor is available in the  FIX/FAST Message Specifications module of the FIX/FAST SDK.

  Expansion of Strike Listings for COMEX Silver Options
Effective Sunday, December 4 (trade date Monday, December 5), CME Group will expand the strike listing rules for Silver options (tag 1151-SecruityGroup=SO, tag 55-Symbol=SO) for trading on CME Globex for all maturities as follows:

• If the underlying futures price is less than $25.00 per troy ounce, ± 40 ATM strikes will be listed in intervals of $.05; forty strikes will be listed in $.25 increments above and below the highest and lowest $.05 increment; and 10 strikes will be listed in $1.00 increments above and below the highest and lowest $1.00 increment.
• If the underlying futures price is greater than $25.00 per troy ounce, ± 40 ATM strikes will be listed in intervals of $.25 and forty strikes will be listed in $1.00 increments above and below the highest and lowest $.05 increment ; and10 strikes will be listed in $1.00 increments above and below the highest and lowest $1.00 increment.

   

In addition, Silver options will be listed on the nearest five of the March, May, July, September, and December futures maturities. The nearest of the January, February, April, June, August, October, and November maturities shall be listed for trading for a period of two months from the current listed maturity. Additionally, the July and December maturities shall be listed for sixty months from the current listed maturities.

New Product Name and Symbol for Eurodollar Mid-Curve Options
Effective Sunday, December 11 (trade date Monday, December 12), 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 are currently available in New Release for customer testing.

iLink Session ID Auto-Deletion Process
On Monday, October 3, CME Group executed it's quarterly iLink session ID auto-delete process. As a reminder, all sessions must meet a minimum messaging threshold of 100 messages over the previous 6-months to exempt themselves from this process. Any iLink session ID with fewer than 100 messages will be flagged for deletion. For the purposes of this policy, a message is defined as an order, modify, cancel, or mass quote.

An e-mail notification will be distributed to Class A clearing firms on Monday, October 3. Class A clearing firms will have 4 weeks to review their idle session IDs. All idle session IDs will be deleted at the end of day Friday, November 4. Details on the process are available  online.

CME Group Internal Recovery Simulation Exercise
This Saturday, November 5, 2011, CME Group will conduct an internal recovery simulation exercise, during which iLink messages will be replayed into the CME Globex production environment. During this test, order routing messages will be transmitted via CME Group-initiated connections using iLink session IDs. As a result, customers may be unable to connect their iLink sessions.

Please note that CME Group strongly recommends that customers not connect their iLink and Drop Copy systems on Saturday, November 5. At the conclusion of testing CME Group will clear all test data in preparation for the regular market open on Sunday, November 6. In the event customers must bring up their systems on Saturday, we strongly encourage customers to verify that all test data from Saturday is cleared out of their systems prior to Sunday start-up.

If you have any questions, please contact the  CME Globex Control Center at 312-456-2391, in Europe at 44-20-7623-4708, or in Asia at 65-6223-1357.