CME Globex Notices: June 3, 2013

 Market Data Enhancements for CME Globex
Starting Sunday, July 21 (trade date Monday, July 22) CME Group will be enhancing the FIX/FAST market data messaging for all markets to accurately reflect market status of forbidden contracts.

During Sunday start-up and in the event of a book reset, in addition to the product group status message, the FIX/FAST Security Status (tag 35-MsgType=f, tag 326-SecurityTradingStatus=18, 327-HaltReason=1 and 1174-SecurityTradingEvent=2) message will be sent for individual products in forbidden state.

A detailed schedule of New Release and Production availability is available  online.

 New CME Globex Market Data Protocol
CME Group is introducing Market Data Platform (MDP) 3.0, a low latency and direct data access solution designed to improve customers’ ability to process and act on real-time price information. The protocol will launch on new production parallel channels beginning in Q4 2013.

MDP 3.0 includes:

• Simple Binary Encoding (SBE); replaces the current FAST compression model
• FIX 5.0 (SP2) Market by Price messaging formats
• Event-driven market price and trade information
• Enhanced market state dissemination
• Increased timestamp granularity
• Trade identifier on both market data and order entry messages

The  client impact assessment provides detailed functionality and messaging information.

A new MDP 3.0 certification suite will be available in AutoCert+ in Q3 2013. Customer systems receiving market data via CME Globex must complete this mandatory certification.

MDP 3.0 will be available in New Release for customer testing in Q3 2013. Further information on the deployment plan and timing for all customer-facing environments will be published in upcoming CME Globex and Market Data Notices.

Please contact your  Global Account Manager with any questions or concerns at 312-634-8700, in Europe at 44-20-3379-3754 or in Asia at +65 6593 5505 for additional information.

Self-Match Prevention
Effective June 2013, CME Globex will launch Self-Match Prevention functionality.

This new opt-in service will prevent orders with the same Self-Match Prevention Identifier (SMP ID) and Executing Firm ID from trading against each other.

This launch introduces new iLink tags and values. Detailed information, including messaging impacts and launch schedules, is available in the  Client Impact Assessment.

Customers are required to register to obtain their SMP ID(s) via the  Firm Administrator Dashboard interface starting June 3, 2013.

Customer certification is not required, but CME Group strongly recommends all system providers test these changes thoroughly in New Release.

A   Frequently Asked Questions (FAQ) guide is now available.

Please contact your  Global Account Manager with any questions or concerns at 312-634-8700, in Europe at 44-20-3379-3754 or in Asia at +65 6593 5505 for additional information.

CME Europe on CME Globex
Pending regulatory recognition, CME Europe markets will be available via CME Globex for iLink order routing and market data in Q3 2013. Only non-US customers are eligible to trade on CME Europe. Eligible customers who would like to trade CME Europe products must establish all appropriate agreements and accounts to be authorised to trade CME Europe products and clear through CME Clearing Europe.

The launch includes the following impacts:

• New tag value to identify the exchange
• New products in FX Futures
• New market data channels to disseminate market data
• New streamlined Fix/Fast market data to publish block information

The  client impact assessment provides detailed functionality and messaging for customer systems interested in supporting CME Europe products via CME Globex.

Onboarding information is available  online.

Please note: The schedules mentioned within the CME Europe Globex Onboarding Reference Guide will be available in the near future.

A new CME Europe mandatory certification suite is currently available in AutoCert+. Customer systems that plan to support CME Europe via CME Globex must complete this certification.

The implementation is currently available in New Release for customer testing.

Please contact your  Global Account Manager for further information.

Class III vs. Class IV Milk Inter-commodity Spread
Effective this Sunday, June 2 (trade date Monday, June 3), the following Class III vs. Class IV Milk Inter-commodity futures spread will be listed for trading on CME Globex.

The new intercommodity spread is currently available in New Release for customer testing.

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

Coal (API 5) foc Newcastle Futures
Effective Sunday, June 16 (trade date Monday, June 17), Coal (API 5) foc Newcastle futures (tag1151-SecurityGroup=ACM, tag 55-Symbol=CO) will be listed on CME Globex.

Coal (API 5) foc Newcastle futures contract is a financially settled contract based on an index of prices for thermal coal exported from Australia. The API 5 index measures the price of coal with a standardized energy content of 5,500 kcal/kg, and is a combination of prices published by Argus Media and IHS McCloskey.

These futures will be available for customer testing in New Release on Monday, June 3.

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

1000 oz. Silver Futures
Effective Sunday, June 16 (trade date Monday, June 17), 1000 oz. Silver futures and calendar spreads (tag1151-SecurityGroup=SIL, tag 55-Symbol=SI) will be listed on CME Globex.

These futures will be available for customer testing in New Release on Monday, June 3.

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

DJ-UBS Roll Select Commodity Index Futures
Effective Sunday, June 16 (trade date Monday, June 17), DJ-UBS Roll Select Commodity Index futures (tag1151-SecurityGroup=DRS, tag 55-Symbol=RS) will be listed on CME Globex.

The Dow Jones-UBS Roll Select Commodity Index is a version of the Dow Jones-UBS Commodity Index that aims to mitigate the effects of contango on index performance. For each commodity, the index rolls into the futures contract showing the most backwardation or least contango, selecting from those contracts with nine months or fewer until expiration.

These futures will be available for customer testing in New Release on Monday, June 3.

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

 Weekly KCBT Wheat Options
Effective Sunday, June 30 (trade date Monday, July 1), Weekly KCBT Wheat options will be listed for trading on CME Globex.

These options will be available for customer testing in New Release on Monday, June 17.

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

 MGEX-KCBT Wheat Inter-Commodity Spread Options
Effective Sunday, June 30 (trade date Monday, July 1), MGEX-KCBT Wheat Inter-Commodity Spread options will be listed for trading on CME Globex.

In addition, a new synthetic future will be launched for the options on MGEX-KCBT Wheat Inter-commodity Spread futures.

The new future will have tag 1151-SecurityGroup=WMK and tag 55-Symbol=08. Settlement prices will be published for the new synthetic future to support customers’ options pricing model.

The options (tag 1151-SecurityGroup=MKW) will identify WMK as the underlying contract in tag 309-UnderlyingSecurityID of the Security Definition (tag 35-MsgType=d) FIX/FAST message.

The MGEX-KCBT Wheat inter-commodity spread option and synthetic future will available in New Release for customer testing on Monday, June 17.

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

 KCBT-CBOT Wheat Inter-Commodity Spread Options
Effective Sunday, June 30 (trade date Monday, July 1), KCBT-CBOT Wheat Inter-Commodity Spread options will be listed for trading on CME Globex.

In addition, a new synthetic future will be launched for the options on KCBT-CBOT Wheat Inter-commodity Spread futures.

The new future will have tag 1151-SecurityGroup=CKW and tag 55-Symbol=08. Settlement prices will be published for the new synthetic future to support customers’ options pricing model.

The options (tag 1151-SecurityGroup=KWC) will identify CKW as the underlying contract in tag 309-UnderlyingSecurityID of the Security Definition (tag 35-MsgType=d) FIX/FAST message.

The KCBT-CBOT Wheat inter-commodity spread option and synthetic future will available in New Release for customer testing on Monday, June 17.

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

Expansion of Strike Listings for COMEX Silver Options
Effective this Sunday, June 2 (trade date Monday, June 3), the strike listing rules will be modified for all Silver options (tag 1151-SecruityGroup=SO, tag 55-Symbol=SO) for trading on CME Globex. These listing rules will be modified as follows:

• Strikes prices will be listed in intervals of $0.25 for ± 20 ATM strike price
• Additional strike prices with $0.10 intervals will be listed for ± 10 ATM strike price if the underlying futures price is less than $10.00 per ounce

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

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

FIX tag 55-Symbol Changes for Energy Futures
Effective Sunday, June 16, the FIX tag 55-Symbol values for the following for energy futures will be changed as follows:

Market Data Platform channels 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 after their close on Friday, June 14. After 16:00 CT on Friday, June 14, all remaining GTC and GTD orders for these products will be cancelled by the CME Group Global Command Center (GCC).

These changes will be available in New Release for customer testing on Monday, June 3.

Maximum Order Quantity Changes for Corn, Soybeans, and Wheat Futures
Effective Sunday, June 23, (trade date Monday, June 24), the maximum order quantity for the following grain futures and inter-commodity spreads will be increased as follows:

Outright Futures

• From 1,000 to 1,999 contracts for:
  • Corn Futures (tag 1151-SecurityGroup=ZC, tag 55-Symbol=ZC)
  • Soybean Futures (tag 1151-SecurityGroup=ZS, tag 55-Symbol=ZS)
  • Wheat Futures (tag 1151-SecurityGroup=ZW, tag 55-Symbol=ZW)

Inter-commodity Spreads

• From 1,000 to 2,500 contracts for:
  • Corn vs. Wheat inter-commodity spread
  • Lean Hog vs. Live Cattle inter-commodity spread

The maximum order quantity for instruments are listed on CME Globex in tag 1140-MaxTradeVol, in the Security Definition (tag 35=d) message.

The increased maximum order quantity will be available in New Release for customer testing on Monday, June 10.

 Options on Mexican Peso/U.S. Dollar (MXN/USD) Futures Minimum Tick Increment Change
Effective Sunday, June 30 (trade date Monday, July 1), the minimum tick increment tag 969-MinPriceIncrement will be modified for options on Mexican Peso/U.S. Dollar (MXN/USD) futures as follows:

This is currently available in New Release for customer testing.

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