CME Globex Notices: January 9, 2012

iLink Enhancements for BM&FBOVESPA via CME Globex
Effective for Sunday, February 5, 2012, 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

Customer mock trading sessions will be offered Saturday, January 28 and February 4. 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.

  NYMEX Brent 25-Day (Platts) Intercommodity Spreads
Effective this Sunday, January 15, (trade date Monday, January 16), the following intercommodity NYMEX Brent 25-Day (Platts) futures spreads will be listed for trading on CME Globex.

The new intercommodity spreads are currently available in New Release for customer testing.

Crude Oil Financial and RBOB Gasoline Financial Futures
Effective Sunday, January 22 (trade date Monday, January 23), Crude Oil Financial and RBOB Gasoline Financial futures will be listed for trading on CME Globex.

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

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

New York Ultra Low Sulfur Diesel Financial Futures and Options
Effective Sunday, January 22 (trade date Monday, January 23), the New York Ultra Low Sulfur Diesel (ULSD) Financial futures and options will be listed for trading on CME Globex.

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

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

Snowfall Index Futures
Effective Sunday, February 12 (trade date Monday, February 13), the following new monthly and seasonal strip Snowfall Index futures will be listed for trading on the CME Globex.

Snowfall Index futures are geared to the amount of snowfall recorded in a given month in a designated location. They provide a way to

• Protect revenues and manage risks related to snowfall
• Accept the risks related to snowfall in exchange for possible profit

These instruments will be available in New Release for customer testing on January 30.

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

  Henry Hub Natural Gas Last Day Physically-Delivered Futures
Effective Sunday, February 12 (trade date Monday, February 13), the Henry Hub Natural Gas Last Day Physically-Delivered futures and future spreads will be listed for trading on CME Globex. Calendar and intercommodity spreads will also be available.

This contract is listed with, and subject to, the rules and regulations of NYMEX.

These futures and spreads will be available for customer testing in New Release on Monday, January 23.

Butterfly Spreads for DME Oman Crude Oil Futures Contract
Effective Sunday, January 22 (trade date Monday, January 23), butterfly spreads will be listed on CME Globex for the DME Oman Crude Oil futures (tag 1151-SecurityGroup=OQD).

Six butterfly spreads will be available upon launch.

Butterfly spreads consist of three instruments within the same product and with equally distributed maturity months (e.g., F2-G2-H2). Further details are available in the   Electronic Trading Concepts. Butterfly spreads are identified with BF in tag 762-SecuritySubType in the Security Definition (tag 35-MsgType=d) message. DME Oman Crude Oil butterfly spreads will not support implied functionality.

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

DME Oman Crude Oil butterfly spreads is currently available in New Release for customer testing.

Additional Listings for In Delivery Month European Union Allowance (EUA) Futures
Effective Sunday, January 22, (trade date Monday, January 23), the following December maturities in GreenX In Delivery Month European Union Allowance (EUA) Futures (tag 1151-SecurityGroup=EAF) will be listed on Green Exchange and available via CME Globex.

• December 2016
• December 2017
• December 2018
• December 2019
• December 2020

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

CME Globex Port Closure Policy
If the CME Globex Control Center (GCC) detects iLink session messaging behavior that may be detrimental to the CME Globex marketplace and this behavior is not corrected in a timely manner, the GCC will take action to close the port for the iLink session and protect the best interest of the Exchange. The GCC will make a best efforts attempt to reach a registered contact for the firm, either before or after the port closure.

Once the port is closed, all working orders previously entered through the iLink session will continue to work. If the sessions are COD ( Cancel on Disconnect) enabled, then the COD functionality will cancel all day and sessions orders. Due to the port closure, only Firmsoft access or a registered contact calling the GCC will afford the trading entity the ability to cancel those working orders.

To minimize the potential for such a development, CME Group strongly encourages all executing firms to properly monitor administrative and business level rejects and to ensure that order entry systems have proper order reject handling capabilities. In addition, CME Group encourages proper registration of contacts with the GCC through Firm Administrators.

Effective this Sunday, January 15, 2012, firms will be subject to a $500 port maintenance charge for negligent iLink Session ID messaging which results in the closure of an iLink Session ID port by CME Group.

Customer iLink Session IDs that are permissioned to trade CME, CBOT, NYMEX or COMEX products are governed by this policy and will thus be directly subject to any surcharges imposed under this policy. iLink Session IDs that are permissioned solely to trade with non-CME Group exchange(s) will be handled in accordance with the rules of that Partner Exchange.

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.

  Drop Copy Resend Process Enhancement
Effective Sunday, February 5, 2012, Drop Copy will be enhanced to better support customer resend processing.

Currently, customers who have submitted an Application Resend Request (tag 35-MsgType=BW) and have not yet received the Application Message Report (tag 35=BY) may not send a FIX Resend Request (tag 35=2). FIX Resend Requests are ignored in this scenario.

With this enhancement, customers will receive a Session Level Reject (tag 35=3) when submitting a FIX Resend Request while an Application Resend Request is in process.

For more information, please see the   Drop Copy Client Impact Assessment.

This messaging enhancement is currently available for customer testing in New Release.

  Messaging Policy Q1 Benchmarks
The Product Group Benchmark Ratios were increased in Q1 2012 for the following:

As a reminder the Product Group Benchmarks are published quarterly and are based on the per-product Volume Ratios, including the prior quarter's roll trading.

The Q1 2012 CME Globex Messaging Policy Product Group Benchmarks are now available  online.

The CME Globex Messaging Policy creates fair business guidelines by which customers are billed a surcharge for overly high message rates. Under the CME Globex Messaging Policy, each clearing member firm (active or inactive clearing member firms which maintain relationships with CME Clearing) must not exceed product-specific benchmarks, tailored to the valid trading strategies of each market. CME Group calculates benchmarks based on a per-product Volume Ratio.

CME Group is currently reviewing the CME Globex Messaging Policy and information regarding any future changes will be announced via the Globex Notices.

Please contact your  Global Account Manager with any questions.

   CME Co-Location Services - Service Provider Partner Program
We are pleased to introduce our new Service Provider Partner Program for CME Co-Location Services. The program was initiated to create a sense of awareness within our trading community about the products and services being offered out of co-location facility in Aurora, IL. These products and services include but are not limited to: News Feeds, Market Data providers, Software Providers, and Managed Service Providers. All Service Provider Partners have completed or are near completion of their infrastructure and have the ability to sell services within our co-location facility. CME Group employs a neutral policy within the Service Provider Partner Program, and requires that their offerings are made available to all licensees and other occupants of the facility.

  View Service Provider Partners, including contact information and service offerings.