CME Globex Notices: March 03, 2014

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.

March 16, 2014

• Hosted Partner Exchange markets and NYMEX emissions futures; tag 1300=74

 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. For an overview of the new iLink architecture, please review the  iLink Architecture webinar.

This release will be phased in as follows:

• March 9
  • Phase 1: iLink Market Segment Gateway for Trade At Settlement (TAS) products
• March 16
  • New network architecture and hardware for order entry
• 2nd Half of 2014
  • Market Segment Gateways for all markets

Prior to each of these new iLink Architecture releases, CME Group will conduct a customer mock trading session on the following dates:

• March 8
  • iLink Market Segment Gateways Phase 1 mock trading session
    Please note that the New Network Architecture mock trading session previously scheduled for March 8 has been cancelled.
• March 15
  • New Network Architecture mock trading session

An  overview of the new iLink Architecture mock trading session is now available.

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

 Phase 1: iLink Market Segment Gateway
Effective Sunday, March 9 (trade date Monday, March 10), 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.

Important Update: 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 after the pre-open begins, 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 5:00 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.

Mass Order Status Functionality on CME Globex
Effective Sunday, March 23 (trade date Monday, March 24), CME Group will launch Mass Order Status functionality to provide an efficient way to obtain status for all working orders with a single request.

A new message type, Order Mass Status Request (tag 35-MsgType=AF), will be introduced to obtain status for working orders for a particular instrument, instrument group, or all working orders.

Detailed information including messaging impacts and launch schedules are available in the  Client Impact Assessment.

The Mass Order Status functionality is currently available for customer testing in New Release.

Certification via AutoCert+ is mandatory for iLink customers who wish to use Mass Order Status functionality. The new certification suite is currently available in Autocert+.

Please contact your  Global Account Manager with any questions or concerns in the U.S. at +1 312 634 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 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.

 Mini-Sized KC HRW Wheat Futures
Effective Sunday, March 23 (trade date Monday, March 24), Mini-Sized KC HRW Wheat Futures (tag1151-SecurityGroup=MKC, tag 55-Symbol=MH) will be listed for trading on CME Globex.

These futures will be available for customer testing in New Release on Monday, March 10.

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

 Energy Future Spreads
Effective Sunday, March 23 (trade date Monday, March 24),   17 energy future spread will be listed for trading on CME Globex.

These spread will be available for customer testing in New Release on Monday, March 10.

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

Euro-Denominated Deliverable Interest Rate Swap Futures
Effective Sunday, April 13 (trade date Monday, April 14), the following Euro-Denominated Deliverable Interest Rate Swap futures will be listing for trading on CME Globex.

This product has the same economic exposure as an interest rate swap with the margin and liquidity benefits of a futures contract, and at expiration all open positions will deliver into a CME Cleared Euro Interest Rate Swap. Other key benefits include automatic risk offsets with our liquid Treasury and Eurodollar futures and options, and reduced clearing fees as futures are not typically subject to additional costs charged by OTC clearing members.

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

Pending all relevant CFTC regulatory review periods, these contacts shall be listed with, and subject to, the rules and regulations of CBOT.

Options on Yen Denominated Nikkei Stock Average Futures
Effective Sunday, April 13 (trade date Monday, April 14), options on Yen Denominated Nikkei Stock Average futures will be listed for trading on CME Globex.

These options contracts will be available in American-style and European-style options. The American-style options will be offered in two months in the March Quarterly Cycle, and the European-style options will be offered in two serial months. For European-style options, CME will reference OSE's Nikkei 225 (Yen) Futures contract prices to make in-the-money and exercise determinations at option expiry.

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

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

Bursa Malaysia Derivative Berhad (BMD) USD RBD Palm Olein Futures
Pending regulatory approval, Bursa Malaysia Derivative Berhad (BMD) will list USD RBD Palm Olein futures (tag1151-SecurityGroup=FPOL, tag 55-Symbol=BL) for trading on CME Globex in Q2 2014. The production launch date will be announced in the CME Globex Notices as soon as it is available.

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

Maximum Order Quantity Changes for NASDAQ 100 Weekly and EOM Options
Effective this Sunday, March 9 (trade date Monday, March 10), the maximum order quantity for the NASDAQ 100 Weekly (tag 1151-Security Group=DN#) and End-of-Month (tag 1151-Security Group=DNE) options will be reduced from 9,999 to 500 contracts.

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

Customers are strongly encouraged to utilize tag 1140-MaxTradeVol, in the Security Definition (tag 35=d) message to obtain the most recent information on thresholds and support accurate quantity limits for all products.

The reduced maximum order quantity is currently available in New Release for customer testing.

 Delayed Listing August 2015 Live Cattle Futures and Options
Effective Sunday, March 16 (trade date Monday, March 17), pending all relevant CFTC regulatory review periods, the Live Cattle Futures and options (tag1151-SecurityGroup=LE) delivery specifications will be amended beginning with the August 2015 contract month.

As a result, the initial listing August 2015 maturity has been delayed until Sunday, March 16 (trade date Monday, March 17) from Monday, March 3, 2014.

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

 Weekly Options on E-mini NASDAQ 100 and NASDAQ 100 Futures Listing Cycle Changes
Effective Sunday, March 23 (trade date Monday, March 24), the listing cycle for weekly options on E-mini NASDAQ 100 and NASDAQ 100 futures will be expanded to list four concurrent weekly contracts at any given time. Currently, there are 2 weekly concurrent contracts listed.

With this change, the strike price listing rules will be expanded from ± 25 ATM to ± 50 ATM for all trading maturities.

These changes will be available for customer testing in New Release on Monday, March 10.

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

 Listing Cycle Expansion for Aluminum MW U.S. Transaction Premium Platts (25MT) Futures
Effective Sunday, March 23, (trade date Monday, March 24), the listing cycle for Aluminum MW U.S. Transaction Premium Platts (25MT) futures (tag 1151-SecurityGroup=AUP; tag 55-Symbol=ST) will be expanded to list 12 consecutive maturities on CME Globex. Currently, the listing cycle is to list 6 consecutive maturities.

These changes will be available for customer testing in New Release on Monday, March 10.

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

 Legacy SFTP Site Decommission
Last October, CME Group announced the move to a new IP to access the CME Group SFTP site but continued to support the old site IP. Effective close of business April 25, 2014, the legacy SFTP site IP 167.204.41.33 will be decommissioned. All customers should ensure they are using the new IP or the public ftp website   ftp://ftp.cmegroup.com/fix/Production/.

If you have any questions, please contact the CME Global Command Center in the U.S. at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010 and ask for GSS.