CME Globex Notices: December 30, 2013

CME Globex Performance Enhancements
Starting Sunday, January 5 (trade date Monday, January 6), performance enhancements will be launched on the following CME Globex markets. With this launch, internal testing indicates:

• iLink latency will improve up to 30%.
• Per event, iLink fill notices (tag 35-MsgType=8, tag 39-OrdStatus=1 or 2) will be published before or at the same time as the last market data trade message
• For each individual trade, iLink fill notices will be published before or at the same time as the associated market data trade messages
• Due to performance improvements, packets per second (PPS) on implied MDP channels may increase up to 100%

These enhancements are part of our ongoing efforts to provide best-in-class technology and service on CME Globex.

January 5, 2014

• CME FX futures; tag 1300-MarketSegmentID=62
• CBOT equity futures; tag 1300=66
• NYMEX and COMEX options; tag 1300=56

January 12, 2014

• CME e-mini S&P 500 futures; tag 1300=64
• CME FX options; tag 1300=52
• CBOT commodity and equity options; tag 1300=60
• Eurodollar options; tag 1300=50

January 19, 2014

• CBOT treasury options; tag 1300=58
• CME equity options; tag 1300=54

January 26, 2014

• CBOT treasury futures; tag 1300=84

February 2, 2014

• NYMEX crude energy futures; tag 1300=80

February 9, 2014
 

• CME Eurodollar futures; tag 1300=82

February 23, 2014

• CME and CBOT Commodity futures; tag 1300=70 and 72
• Hosted PE markets and NYMEX emissions futures; tag 1300=74

New Public Source IPs for Certification and New Release Environment
At customers’ requests to increase network flexibility, the Certification and New Release Environments will move from private to public source IPs for iLink, Drop Copy and FIX/FAST market data channels at the close of business on Friday, January 24, 2014. If a firewall or network device is configured with the source IP information, please correct your configuration to use the entire range of eligible addresses.

iLink

• Customers will receive the new public IPs for iLink via an AutoCert+ generated email on Wednesday, December 18, 2013. Subsequent email reminders will be sent prior to the close of business on Friday, January 24, 2014. If you require the new public IPs before Wednesday, December 18, 2013, please contact  Global Account Management or   Certification Support for Electronic Trading (CSET).

Drop Copy

• All testing Drop Copy ID in the Certification and New Release Environments will be deleted on Friday, January 24, 2014. Please contact  Global Account Management to obtain new Drop Copy IDs to access Drop Copy testing environments.

FIX/FAST Market Data Channels

• Port, multicast addresses, and source IPs for FIX/FAST market data channels are available in the config.xml file on the CME Group  FTP site. A new config.xml will be available for customer download in Certification and New Release starting Monday, December 16, 2013.

New iLink Architecture in 2014
In 2014, CME Group will launch a new iLink architecture with design and network enhancements. The new architecture is designed to:

• Extend First In, First Out (FIFO) message handling from the trading engine to the order entry gateway
• Reduce variability
• Harden risk management for order entry bursts

Details on the new iLink Architecture roadmap can be found  online.

This release will be phased in as follows:

• January 26
  • New IPs for existing iLink sessions
• February 2
  • Phase 1: iLink Market Segment Gateway for Trade At Settlement (TAS) products
• March 14
  • New network architecture and hardware for order entry
• 2nd Half of 2014
  • Market Segment Gateways for all markets

Further details on each of these phases will be published in the CME Globex Notices.

New IPs for Existing iLink Sessions
Effective Sunday, January 26, to prepare for the upcoming network changes, all production iLink session IPs that end in an even-numbered octet will be changed to an odd-numbered octet. Customers can determine their new IP by adding 13 to the last octet of their current IP. This  table lists the impacted current IPs and their new assigned IP. This change only affects production iLink IPs.

A telnet connectivity test for the new IPs will be offered Saturday, January 25. All impacted customers are encouraged to test their new configurations.

CME Group encourages customers to evaluate their session needs and delete any sessions that are no longer needed. Please contact your  Global Account Manager with any questions.

Phase 1: iLink Market Segment Gateway
Effective Sunday, February 2 (trade date Monday, February 3), the new Phase 1 iLink Market Segment Gateway (MSGW) will launch in production. This new gateway will extend FIFO message handling to the gateway; currently, FIFO is assured at the trading engine only. In addition, these MSGWs leverage cutting-edge technology to provide the lowest latency solution. The current iLink gateways (Convenience Gateways) will continue to be supported.

With this launch, access to the  TAS markets during the early minutes of the pre-open will be restricted to the new Phase 1 MSGW sessions. Five minutes before the market opens, TAS orders will be accepted through any iLink session.

New iLink sessions will be issued on the Phase 1 MSGW upon request, to a maximum of five new sessions per Executing Firm.

The new Phase 1 MSGW is currently available for customer testing in New Release. To facilitate testing the different access configurations, the trading schedule for TAS markets in New Release will be adjusted to pre-open every 30 minutes, from 5:30 p.m. Central Time, Sunday – Thursday through 1:30 p.m. Monday – Friday.

Contact your  Global Account Manager to request a new Production or New Release Phase 1 MSGW session.

New CME Globex Market Data Protocol
In Q2 2014, 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 production dates will be announced in future CME Globex and Market Data Notices.

Important Update: Based on customer feedback, MDP 3.0 is being updated with a new trade reporting functionality. This update will impact the message layouts and require a new template for trade messages only. The Client Impact Assessment has been updated to reflect the new trade messaging, which will be available for testing in New Release in early Q2 2014. Customers should not develop to the current trade reporting messages, since it will be changed before the production launch; all other messaging and functionality will remain unchanged.

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,  functional specifications, and  message specifications provide detailed functionality and messaging information.

MDP 3.0 channels and functionality are currently available in New Release.

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

Real Logic Ltd. and Informatica have collaborated to create open source tools that provide extensive support for Simple Binary Encoding (SBE), the messaging standard developed through The Financial Information Exchange (FIX) Trading Community. The SBE decoders will create an environment that can be used directly by customers or treated as a reference implementation that can be extended into custom solutions tailored to individual customer’s needs. The information and tool are open to the public under an Apache Public License and available  here.

Please contact your  Global Account Manager with any questions or concerns in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505 for additional information.

CME Europe on CME Globex
Pending regulatory approval, CME Europe markets will be available via CME Globex for iLink order routing and market data on a launch date to be determined. The launch date will be published in the CME Globex notice.

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 authorized to trade CME Europe products and clear through CME Clearing Europe.

The launch includes the following impacts:

• New  futures calendar spread type
  • For the 10 major currency pairs the SD spread type will not tick in a reduced increment from the outright contract.
  • All other currency pairs will have reduced calendar spreads
• 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.

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.

Natural Gas Fixed Futures
Effective this Sunday, January 5 (trade date Monday, January 6), the following Natural Gas Fixed futures will be listed for trading on CME Globex.

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

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

Henry Hub Combo Futures
Effective Sunday, January 12 (trade date Monday, January 13), Henry Hub Combo futures will be listed for trading on CME Globex.

The Henry Hub Combo futures are currently available in New Release for customer testing.

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

PJM Western Hub Real-Time Off-Peak Calendar-Month 50 MW Options on Calendar Futures Strip
The launch of the JM Western Hub Real-Time Off-Peak Calendar-Month 50 MW Options on Calendar Futures Strip, previously scheduled for Sunday, January 12, has been postponed. The new launch date will be announced in the CME Globex notices.

This option is currently available for customer testing in New Release.

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

Light Ends Spread Options
Effective Sunday, Sunday, January 12 (trade date Monday, Monday, January 13), the following Light Ends Spread Options will be listed for trading on CME Globex.

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

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

Energy Future Strips Changes
Effective this Sunday, January 5 (trade date Monday, January 6), tag 762-SecuritySubType value for  85 energy future strips will be modified from FS to SA.

These changes are currently available for customer testing.

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

Expansion of Strike Price Listings for Short Term Natural Gas Options
Effective this Sunday, January 5 (trade date Monday, January 6), the strike price listing rules for Short Term Natural Gas options (tag 1151- SecruityGroup=U01-U31, tag 55-Symbol=TN) will be expanded on CME Globex to list strike prices ± 40 ATM in $0.025 intervals. Currently, strike prices are listed ± 10 ATM in $.05 intervals

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

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

Display Factor and Minimum Price Increment for Natural Gas (Platts IFERC) Fixed Price Futures
Effective this Sunday, January 5 (trade date Monday, January 6), changes to tag 55-Symbol, tag 9787-DisplayFactor and minimum price increment will be implemented for the following natural gas futures. With this change, these products will now become tradable as they are currently non-tradable synthetic futures.

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

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

FIX tag 55-Symbol Changes for Synthetic Futures
Effective Sunday, January 12, 2014, the values for FIX tag 55-Symbol for FIX/FAST for select synthetic futures will be changed. The complete list synthetic futures are available  online.

With this change, tag 1151-Security Group for MDP 3.0 will also change and will be available upon launch of MDP 3.0

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

 Messaging Efficiency Program Q1 2014 Benchmarks
The Q1 2014 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available  online. No changes were made to any of the Q1 2014 Product Group Benchmarks vs. Q4 2013 Product Group Benchmarks.

The Product Group Benchmark Ratios are published quarterly, unless business circumstances for a particular product or product group require changes to be implemented more frequently.

The CME Globex Messaging Efficiency Program creates fair business guidelines by which customers are billed a surcharge for overly high message rates.

Please contact your  Global Account Manager in the U.S. at 312 634 8700, in Europe at 44 203 379 3754, or in Asia at 65 6593 5505 with any questions.

 CME Group Webinar: New iLink Architecture
Join CME Group for a webinar discussing the new iLink architecture launching in 2014:

When
Tuesday, January 14, 2014
9:00 a.m. to 10:00 a.m. CT

Where
Online

Further details will be published in the CME Globex Notices.