• CME Globex Notices: September 29, 2014

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Account Management
      • #
      • 20140929
      • Notice Date
      • 02 October 2014
      • Effective Date
      • 02 October 2014

    • Topics in this issue include:

      Critical System Updates

      New iLink Architecture

      In Q1 2014, CME Group launched the first Phase of new iLink Architecture, Market Segment Gateway (MSGW) for TAS markets only. In Q1 2015, CME Group will launch Phase 2 of this initiative, which will implement Market Segment Gateways throughout the rest of the iLink infrastructure, to provide:

      • FIFO ordered message handling per market segment.
      • Elimination of variability associated with multiple sessions across multiple gateways.

      All customers are encouraged to review the new iLink Architecture Client Impact Assessment.

      The Phase 2 launch will allow customers to access the Market Segment Gateways directly which will involve a new session ID model, messaging and functionality changes. Customers may choose to access CME Globex markets through the MSGWs or the current Convenience Gateways (CGWs), which will continue to be supported and will route through the MSGWs.

      Phase 2 will be launched over several weekends. Prior to each launch weekend, CME Group will conduct a mock trading session. MSGWs will be available in New Release for customer testing in Q4 2014. A new MSGW certification suite will be available in AutoCert+ in Q4 2014. Customer systems who want to connect directly to the MSGW must complete this mandatory certification. Additional information on the MSGW launch schedules and mock trading sessions will be published in the CME Globex Notices.

      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.

      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.

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      Postponed: New iLink Failover Process

      The release of the new iLink Failover Process scheduled in October 2014, has been postponed. A new launch date will be published in the CME Globex Notices when available.

      CME Group will introduce a new iLink failover process to improve customers’ ability to recover from a CME Globex component failure.

      When a CME Globex component fails over from the primary to backup instance, customer iLink messages will be rejected with Session Level Reject (tag 35=3) messages including tag 58=Technical Error – Market Segment: <MarketSegmentID> is not available at this time. After the backup instance is up, order entry will be allowed again.

      Currently, messages sent during failover are not guaranteed to be acknowledged by CME Globex. This new iLink Failover Process change will affect all iLink sessions.

      Detailed information including this failover behavior change is now available online.

      The new iLink failover process will be available for customer testing in New Release in Q4 2014.

      Further details on the launch schedule will be published in future CME Globex Notices.

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      Update - New CME Globex Market Data Protocol

      On Sunday, October 12 (trade date Monday, October 13), CME Group will implement the second group of Market Data Platform (MDP) 3.0 Channels. The new MDP 3.0 Channels will run in parallel with the current FIX/FAST Channels for six months after completion of the rollout of all MDP 3.0 channels.

      The complete Market Data Platform implementation schedule is available in the Client System Wiki.

      Customer systems receiving market data via CME Globex must complete mandatory certification via AutoCert+.

      Please note: Performance Testing to date has shown increases in bandwidth in the 30 - 50 percent range during peak periods. Testing has also indicated a 20 percent increase in packets per second during peak periods.

      Migration Milestones

      Starting with the September 28 launch, during the six month parallel window, the following guidelines will be used in case of market data component failures:

      • Until November 16, markets will be halted for FIX/FAST issues only.
      • Once a sufficient number of customers have migrated to MDP 3.0, or are taking both feeds, markets will be halted for both FIX/FAST and MDP 3.0 issues.
      • In the final state, markets will be halted for MDP 3.0 issues only.

      Each milestone will be announced via GCC Alerts and the CME Globex Notices.

      Important MDP 3.0 Updates:

      • This weekend, CME Globex is making internal changes in preparation for the MDP 3.0 launch. These changes may result in minor performance variations in the following market segments and channels:

        • Market Segments and Channels
        Description Market Segment (tag 1300) FIX/FAST Channel(s)
        CME Interest Rate Futures 82 9 CME Globex Interest Rate Futures
        NYMEX Crude & DME (Dubai Mercantile Exchange) 80 30 NYMEX Globex Crude & Crude Refined Futures
        28 DME Globex Futures
        CME Equity Options 54 8 CME Globex Equity Options
        16 CME Globex Equity Options - excludes E-mini S&P 500
        Partner Exchanges and NYMEX Emissions Futures & Options 74 18 NYMEX Globex Emissions Futures
        19 NYMEX Globex Emissions Options
        21 KRX Globex Futures
        22 BMD Globex Futures
        23 BMD Globex Options

      Mock Trading Session

      A Mock Trading Session will be held on Saturday, October 11 for the following channels that are being launched Sunday, October 12, in addition to the previously launched channels.

      Channels
      MDP 3.0 Channel Description
      310 CME Globex Equity Futures (includes E-mini S&P 500)
      314 CME Globex FX Futures
      315 CME Globex FX Options
      317 CME Globex Commodity Options
      318 CME Globex Equity Futures - excludes E-mini S&P 500
      320 CME Globex FX Futures II
      321 CME Globex FX Options II
      360 COMEX Globex Futures
      384 NYMEX Globex Metals, Softs, & Alternative Market Futures
      313 CME Globex Interest Rate Options
      342 CME Globex Equity Index Futures

      Customers must certify and register online to participate. For more information about the Mock Trading Session please view the Mock Trading Guide.

      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.

      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.

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      MDP 3.0 Decoder

      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.

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      Update - iLink and Drop Copy Enhancements for MDP 3.0 Trade Summary Message

      Starting Sunday, September 28 (trade date Monday, September 29), iLink is introducing opt-in functionality for displaying tag 37-OrderID in the  MDP 3.0 trade summary message (tag 35-MsgType=X). Tag 37-OrderID is the anonymous, CME Globex-assigned order identifier.

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      Streamlined FIX/FAST – Eris Exchange

      Effective Monday, October 20, CME Group will introduce a new tag to the streamlined FIX/FAST Eris Exchange Market Data Incremental Refresh Message. A new streamlined FIX/FAST Template file will be available on the CME Group ftp site on Sunday, October 5.

      Streamlined FIX/FAST – Eris Exchange
      Tag Field Name Description
      37508 CalFutPx Calculated Futures Price using the formula A + B – C + 100, where:
      • A = Swap NPV
      • B = Historical fixed and floating amounts
      • C = Eris PAI ™

      For more information about the Calculated Futures Price.

      The new tag and streamlined FIX/FAST Template file are currently available in New Release.

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      New - Market Depth Change to 10-Deep for FX Futures

      Effective Sunday, November 2 (trade date Monday, November 3), 10-deep market data will be launched for CME Globex FX Futures for the following Market Data channels.

      • FIX/FAST Channel 11
      • MDP 3.0 Channel 314

      This launch will impact all client systems because all systems must process all 10 book levels, even if you choose to display 5-deep order books.

      10-deep futures order book for FX futures for these channels will be in New Release for customer testing on Monday, October 20.

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      Drop Copy 4.0 Implementation

      In Q1 2015, CME Group will introduce a new Drop Copy implementation to provide further consistency across iLink and Drop Copy. The new Drop Copy 4.0 implementation will have both functional and messaging changes as compared to the existing Drop Copy service.

      The new Drop Copy 4.0 implementations will include:

      • Harmonized customer experience between iLink and Drop Copy
      • New message format with encapsulated message type.
      • New supported FIX tags on Drop Copy messages – inbound and outbound
      • Harmonized resend behavior (elimination of Application Resend functionality to align with iLink)
      • Sequencing by market segment (see: New iLink Architecture client impact assessment)
      • Robust fault tolerance

      The client impact assessment, functional specifications, and message specifications provide detailed functionality and messaging information.

      The existing implementation of Drop Copy will be phased out on a date to be published in the CME Globex Notices. All customers leveraging the Drop Copy service must be certified by that date.

      With the new implementation, the Drop Copy service will have a new session model where customers will have access to two types of target sessions:

      • Drop Copy Convenience Gateway (CGW) target session - consumers manage sequence streams from Convenience Gateway iLink source sessions across all market segments.
      • Drop Copy Market Segment Gateway target session - consumers manage sequence streams from Market Segment Gateway iLink source sessions per unique market segment; with the possibility of having the same sequence numbers from multiple market segments.

      To facilitate migration to the new Drop Copy service, CME Group will support a parallel feed. Traffic from Convenience Gateway source sessions will be available via their current Drop Copy IPs and ports and via the new Drop Copy 4.0 IPs and ports. Certification is required for production access to Drop Copy 4.0. Please coordinate your migration with the CME Group Account Manager.

      Upon completion of the Drop Copy 4.0 certification, customers can request Drop Copy CGW and/or Drop Copy MSGW target sessions.

      Certification and New Release Drop Copy sessions will be re-issued by your to Global Account Manager upon customer request.

      A new Drop Copy certification suite will be available in AutoCert+. Customer systems leveraging the Drop Copy service must complete this mandatory certification.

      Certification environments for customer testing will be available in Q4 2014.

      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.

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      Self-Match Prevention Enhancements

      Pending regulatory review periods, CME Group has targeted Q4 2014 to launch enhancements to the CME Globex Self-Match Prevention (SMP).

      With these enhancements, iLink customers will be able to dictate whether the resting or aggressing order is cancelled in the event of a self-match. In addition, for FIFO-only markets, orders will only be cancelled if they would have matched. Currently, when Self-Match Prevention is triggered, CME Globex cancels all resting orders with the same SMP ID and Executing Firm ID at all executable price levels.

      This launch introduces new iLink tags and values. Detailed information, including messaging impacts and launch schedules, is available in the Client Impact Assessment. The new SMP enhancements are currently available for customer testing in New Release. Customer certification is not required, but CME Group strongly recommends all system providers test these changes thoroughly in New Release.

      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.

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      Negative Price Eligibility for User-Defined Spreads

      Effective Q4 2014, CME Globex will add the negative price eligibility flag in the Security Definition (tag 35-MsgType=d) message for eligible User-Defined Spreads (UDS).

      Currently, CME Globex accepts orders and mass quotes with negative prices for Buy-Sell options strategies, with the exception of Option Strategies tag 762-SecuritySubType=VT,BO,CO, IB, IC, BX, but the Negative Price Eligibility flag in the Security Definition message is not populated.

      With this change, the following tags and values will be used to identify this eligibility via the Security Definition Market Data messages for UDS. There are no changes to the current functionality.

      Negative Price Eligibility for User-Defined Spreads
      Market Data Feed Tags & Values
      FIX/FAST Tag 871-InstAttribType = 24 and
      Tag 872-InstAttribValue = 11
      MDP 3.0 Tag 872-InstAttribValue, Bit 10

      These new values are currently available for customer testing in New Release.

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      Product Launches

      European Gasoil (100mt) Bullet Future Strips Spreads

      Effective this Sunday, October 5 (trade date Monday, October 6), European Gasoil (100mt) Bullet futures strips spread will be listed for trading on CME Globex.

      European Gasoil (100mt) Bullet Future Strips Spreads
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 tag 762-SecuritySubType Listing Cycle
      European Gasoil (100mt) Bullet futures GLI CMS Strip (FS)
      • Balance of year
      • Quarterlies for 2 years
      • Yearly strips for 6 years
      • Half-yearly for 6 years

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

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      Illinois Basin Coal Futures

      Effective Sunday, October 19 (trade date Monday, October 20), Illinois Basin Coal futures will be listed for trading on CME Globex, open outcry, and clearing submission via CME ClearPort.

      Illinois Basin Coal Futures
      Future FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Illinois Basin Coal Futures ILB CO

      These futures will be available for customer testing in New Release on Monday, October 6.

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

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      WTS and WTI Midland Crude Oil Futures

      Effective Sunday, October 19 (trade date Monday, October 20), the following WTS and WTI Midland Crude Oil futures will be listed for trading on CME Globex, open outcry, and clearing submission via CME ClearPort.

      WTS and WTI Midland Crude Oil Futures
      Future FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      WTI Midland (Argus) vs. WTI Trade Month Futures WTT PT
      WTI Midland (Argus) Trade Month FuturesWTI Midland (Argus) Trade Month Futures WTI PT
      WTS (Argus) vs. WTI Financial Futures WTA PT
      WTS (Argus) Financial Futures WTS PT

      These futures will be available for customer testing in New Release on Monday, October 6.

      Please view the New Product Summary.

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

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      Korea Exchange (KRX) USD/KRW FX Futures

      Effective Q4 2014, Korea Exchange (KRX) will list USD/KRW FX futures (tag1151-SecurityGroup=KUF, tag 55-Symbol=KR) for trading on CME Globex, pending regulatory approval.

      Korea Exchange (KRX) USD/KRW FX Futures
      Product FIX/FAST and iLink: tag 1151-Security
      Group MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      USD/KRW FX futures KUF KR

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

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

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      CME Europe Gas Futures

      In Q4 2014, CME Europe will list the following energy futures for trading on CME Globex and clearing submission via CME ClearPort.

      CME Europe Gas Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      UK Natural Gas (ICIS Heren) Calendar Future (Variable Quantity) UKE JQ
      Dutch Natural Gas (ICIS Heren) Calendar Future(Variable Quantity) DUE JQ
      German Gaspool Natural Gas (ICIS Heren) Calendar Future (Variable Quantity) GRE JQ
      German NCG Natural Gas (ICIS Heren) Calendar Future (Variable Quantity) GNE JQ
      Austrian Natural Gas (ICIS Heren) Calendar Future (Variable Quantity) ASE JQ
      German NCG Natural Gas (ICIS Heren) vs. Dutch Natural Gas (ICIS Heren) Spread Calendar Future(Variable Quantity) GME JQ
      German Gaspool Natural Gas (ICIS Heren) vs. Dutch Natural Gas (ICIS Heren) Spread Calendar Future (Variable Quantity) GGE JQ
      UK Natural Gas (ICIS Heren) vs. Dutch Natural Gas (ICIS Heren) (Euro per MWh) Spread Future(Variable Quantity) NVT JQ
      Dutch Natural Gas Daily Future (Variable Quantity) TDE JQ
      Dutch Natural Gas Calendar Month Future (Variable Quantity) TME JQ
      UK Natural Gas Daily Future NDE JQ
      UK Natural Gas Calendar Month Future (Variable Quantity) NME JQ

      Detailed information regarding these contracts is available in the Client System Wiki.

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

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      CME Europe Cocoa Futures

      In Q4 2014, pending regulatory product approval, CME Europe will list the following Cocoa futures for trading on CME Globex and for clearing submission via CME ClearPort.

      CME Europe Cocoa Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Cocoa Future CCP JX
      Cocoa NY (ICE) Future CCC JX

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

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      Product Changes

      New - Delisting of Options Contracts on Livestock Futures

      On Monday, September 29, several Lean Hog calendar spread options and Live Cattle weekly options were delisted from CME Globex and open outcry.The Security Definition (tag 35-MsgType=d) will continue to be available on CME Globex through Friday, October 3.

      Delisting of Options Contracts on Livestock Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      1st Contract Back Lean Hog CSO B0A 2H
      2nd Contract Back Lean Hog CSO B0B 2H
      3rd Contract Back Lean Hog CSO B0C 2H
      4th Contract Back Lean Hog CSO B0D 2H
      5th Contract Back Lean Hog CSO B0E 2H
      Live Cattle Weekly Options Wk 1 LE1 L0
      Live Cattle Weekly Options Wk 2 LE2 L0
      Live Cattle Weekly Options Wk 3 LE3 L0
      Live Cattle Weekly Options Wk 4 LE4 L0
      Live Cattle Weekly Options Wk 5 LE5 L0

      There is currently no open interest on these products.

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      New - Delisting S&P GSCI Commodity Index Contracts

      On Monday, September 29, Options on S&P GSCI Commodity Index (GI), S&P GSCI Gold Excess Return Index Swaps (GDI), and S&P SGCI Crude Oil Excess Return Index Swaps (GCO) were delisted from open outcry.

      There is currently no open interest on these products.

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      Match Algorithm Changes for 5-Year, 3-Year and 2-Year Treasury Note Futures Calendar Spreads

      Effective this Sunday, October 5 (trade date Monday, October 6), pending regulatory approval the CME Globex match algorithm for the 5-Year, 3-Year and 2-Year Treasury Note futures calendar spreads will be modified to a 20% FIFO/80% Pro-Rata split. Currently, the match algorithm is 100% Pro-Rata.

      Match Algorithm Changes for 5-Year, 3-Year and 2-Year Treasury Note Futures Calendar Spreads

      Product

      		 FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 tag 762-SecuritySubType
      2-Year U.S. Treasury Note Futures ZT ZB SP
      3-Year U.S. Treasury Note Futures Z3N ZB SP
      5-Year U.S. Treasury Note Futures ZF ZB SP

      FIX tag 1142-MatchAlgorithm will remain "K" for these products.

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

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

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      TOP Order Allocation Minimum/Maximum Quantity Changes

      Effective this Sunday, October 5 (trade date Monday, October 6), pending regulatory approval, the TOP order allocation maximum quantity will be changed for the following Interest Rate products.

      TOP Order Allocation Quantity Changes
      Instrument FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 Strategy Type TOP Order Allocation Minimum Current TOP Order Allocation Minimum Future TOP Order Allocation Maximum Current TOP Order Allocation Maximum Future
      30-Day Fed Funds Futures ZQ Outrights
      Spreads (SP, BF, CF, FS)      		 25 1 250 30000
      2-Year U.S. Treasury Note Futures ZT Outrights
      Butterfly Spreads ( BF)      		 1 1 1500 19999
      ZT Standard Calendar Spread (SP) 1 1 1500 29999
      3-Year U.S. Treasury Note Futures Z3N Outrights
      Butterfly Spreads ( BF)      		 1 1 1500 19999
      Z3N Standard Calendar Spread (SP) 1 1 1500 29999
      5-Year U.S. Treasury Note Futures ZF Standard Calendar Spread (SP) 1 1 2500 29999
      ZF DSF-Treasury Spread (DI) 1 1 2500 29999
      10-Year U.S. Treasury Note Futures ZN Reduced Tick Calendar Spread (RT) 1 1 2500 29999
      ZN DSF-Treasury Spread (DI) 1 1 2500 29999
      U.S. Treasury Bond Futures ZB Reduced Tick Calendar Spread (RT) 1 1 2500 29999
      Ultra T-Bond Futures UB Reduced Tick Calendar Spread (RT) 1 1 2500 29999
      UB DSF-Treasury Spread (DI) 1 1 2500 29999

      This change is designed to harmonize TOP behavior across the CME Group Interest Rate futures. This match algorithm enhancement is currently available in the New Release Environment for customer testing.

      More information about TOP functionality is available in the Client Systems Wiki.

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      Harmonization of Top Order Allocation Maximum for Deliverable Swap Futures Calendar Spreads

      Effective Sunday, October 19 (trade date Monday, October 20), pending regulatory approval, the TOP order allocation maximum quantity will be changed for the following USD and EUR Deliverable Swap Futures (DSF) Calendar Spreads.

      Harmonization of Top Order Allocation Maximum Changes
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 tag 762-SecuritySubType Match Algorithm Current Top Order Allocation Maximum New Top Order Allocation Maximum Maximum Quantity
      2-Year Deliverable Interest Rate Swap Futures T1U ZB Calendar Spread
      (SP)      		 K 1500 29999 29999
      5-Year Deliverable Interest Rate Swap Futures F1U ZB Reducted Tick Calendar Spread
      (RT)      		 K 2500 29999 29999
      10-Year Deliverable Interest Rate Swap Futures N1U ZB Reducted Tick Calendar Spread
      (RT)      		 K 2500 29999 29999
      30-Year Deliverable Interest Rate Swap Futures B1U ZB Reducted Tick Calendar Spread
      (RT)      		 K 2500 29999 29999
      2-Year Euro-Denominated Deliverable Interest Rate Swap Futures T1E ZB Calendar Spread
      (SP)      		 K 1500 29999 29999
      5-Year Euro-Denominated Deliverable Interest Rate Swap Futures F1E ZB Reducted Tick Calendar Spread
      (RT)      		 K 2500 29999 29999
      10-Year Euro-Denominated Deliverable Interest Rate Swap Futures N1E ZB Reducted Tick Calendar Spread
      (RT)      		 K 2500 29999 29999

      This change is designed to harmonize TOP behavior across the Interest Rate futures complex. These changes are currently available in the New Release Environment for customer testing.

      More information about TOP functionality is available in the Client Systems Wiki.

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      USD Denominated Ibovespa Futures Minimum Tick Increment Change

      Effective Sunday, October 19 (trade date Monday, October 20), the minimum tick increment will be modified for USD Denominated Ibovespa futures from 25 index points to 5 index points on CME Globex and clearing submission via CME ClearPort. With this change, tag 969-MinPriceIncrement will be modified as follows:

      USD Denominated Ibovespa Futures Minimum Tick Increment Change
      Futures FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current tag 969-MinPriceIncrement Min Tick Current tag 969-MinPriceIncrement Example New tag 969-MinPriceIncrement Min Tick New tag 969-MinPriceIncrement Example
      USD-Denominated Ibovespa Index Futures IBV IB 25 65025
      65050
      65075      		 5 65000
      65005
      65010

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

      CME will allow Basis Trade at Index Close (BTIC) Block Trades for USD-Denominated IBOVESPA futures to be reported on CME ClearPort (Clearing Code IBV, BTIC symbol IBB), to the GCC or via Front End Clearing.

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      New - U.S. Midwest Hot-Rolled Coil Steel Futures Listing Cycle Expansion

      Effective Sunday, October 19 (for trade date Monday, October 20), the listing cycle for U.S. Midwest Domestic Hot-Rolled Coil Steel Index futures will be expanded on CME Globex as follows:

      U.S. Midwest Hot-Rolled Coil Steel Futures Listing Cycle Expansion
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Listing Cycle New Listing Cyclce
      U.S. Midwest Domestic Hot-Rolled Coil Steel Index Futures HRC ST 24 consecutive maturities Current year plus the next two calendar years

      These changes will available in New Release for customer testing on Monday, October 6.

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      S&P Indices Fee Designation Changes

      Effective Sunday, November 2 (trade date Monday, November 3), the following S&P Indices fee designation will be modified from Fee-Waived (XW) to Fee-Liable (XF).

      USD Denominated Ibovespa Futures Minimum Tick Increment Change
      Index Ticker Current Name New Name Current Fee Indicator New Fee Indicator
      TPLCUT RBS US Large Cap Trendpilot Index S&P 500 Trend Allocator XW XF
      TPMCUT RBS US Mid Cap Trendpilot Index (USD) TR S&P 400 Trend Allocator XW XF
      ALTLCUT RBS US Large Cap Alternator Index (USD) S&P 500 Relative Strength Selector XW XF

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      New - Minimum Tick Increment Changes to Henry Hub Gas Futures

      Effective Sunday, November 2 (trade date Monday,November 3), pending regulatory review periods, the minimum tick increment for the following Henry Hub futures will be change from .0001 to .001. With this change, tag 9787-DisplayFactor will be modified as follows:

      Minimum Tick Increment Changes to Henry Hub Gas Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current tag 9787-DisplayFactor New tag 9787-DisplayFactor
      Henry Hub Natural Penultimate Financial Futures NPG NG 0.0001 0.001
      Natural Gas (Henry Hub) Penultimate Financial Futures HP NG 0.0001 0.001

      To facilitate these changes, customers are asked to cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for the impacted options after their close on Friday, October 31. After 16:00 CT on Friday, October 31, all remaining GTC and GTD orders for these options will be cancelled by the CME Group Global Command Center (GCC).

      These changes will be available in New Release for customer testing on Monday, October 20.

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

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      New - Contract Size Adjustment for Natural Gas Options

      Effective this Sunday, November 2 (trade date Monday, November 3), the values in FIX tag 1147-UnitofMeasureQty and tag 996-UnitofMeasure will be updated for the following options listed on CME Globex. This change is designed to make the options values consistent with the underlying futures.

      Contract Size Adjustment for Natural Gas Options
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current tag 1147-UnitOfMeasureQty New tag 1147-UnitOfMeasureQty Current tag 996-UnitOfMeasure New tag 996-UnitOfMeasure
      Natural Gas Options (American) ON ON 0 10000 CTRCT MMBTU
      Natural Gas Weekly Options (American) ON1-ON5 ON 0 10000 CTRCT MMBTU
      Natural Gas Options (European) LNE GZ 0 10000 CTRCT MMBTU
      Natural Gas Financial Weekly Options LN1-LN5 5GZ 0 10000 CTRCT MMBTU
      Natural Gas (Henry Hub) Daily Options KDB GN 0 10000 MMBTU MMBTU
      Natural Gas Short-Term Options U01-U31 TN 1 10000 CTRCT MMBTU
      Natural Gas (Henry Hub) Last-day Financial Options AE7 EF 0 10000 CTRCT MMBTU

      These changes will be available for customer testing in New Release Monday, October 20.

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      New - Daily Price Limits Changes for CME Dairy Futures

      Effective Sunday, November 2 (trade date Monday, November 3), CME Group will remove the daily price limits for the spot month contract for Nonfat Dry Milk, Cash-Settled Butter, and Dry Whey futures. For Cash-Settled Butter and Cheese futures, if the spot contract settles at the limit bid or offer, then the daily price limits for all listed CME Cash-Settled Butter and Cheese futures contracts will be expanded.

      Daily Price Limits Changes for CME Dairy Futures
      Options FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Nonfat Dry Milk Futures GNF DC
      Cash-Settled Butter Futures CB CB
      Dry Whey Futures DY DY
      Cheese Futures CSC DY

      These changes will be available for customer testing in New Release on Monday, October 20.

      Customers are strongly encouraged to utilize the FIX/FAST Security Status (tag 35-MsgType=f) messages to obtain the daily price limits (tag 332-HighPx; tag 333-LowPx) to avoid the rejection of orders that breach price limit thresholds.

      Customers may also obtain the daily price limits from the Security Definition (tag 35-MsgType=d, tag 1149-HighLimitPrice and 1150-LowLimitPrice) messages on the instrument replay feed.

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      New - Changes to Bursa Malaysia Derivative Berhad (BMD) 5-year Malaysian Government Securities (FMG5)

      Effective Sunday, November 30 (trade date Monday, December 1), having received approval from the Securities Commission (SC), Bursa Malaysia Derivatives (BMD) will make the following changes to 5-year Malaysian Government Securities futures on CME Globex.

      Changes to Bursa Malaysia Derivative Berhad (BMD) 5-year Malaysian Government Securities (FMG5)
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 New FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Trading Hours New Trading Hours
      5-year Malaysian Government Securities futures FMG5 BI B5

      First trading session:

      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      8:00 p.m. - 11:30 p.m. Central Time (CT)

      Second trading session:

      2:30 p.m. - 5:00 p.m. (MST)
      1:30 a.m. - 4:00 a.m. (CT)

      First trading session:

      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      8:00 p.m. - 11:30 p.m. Central Time (CT)

      Second trading session:

      2:30 p.m. - 6:00 p.m. (MST)
      1:30 a.m. - 5:00 a.m. (CT)

      With these changes, the final settlement time will be modified from 10 p.m. Central Time (CT) to 5 a.m. (CT).

      Additional information on these changes is available online.

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

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      Korea Exchange (KRX) Listing Cycle Expansion for KOSPI 200 Futures

      Effective Q4 2014, Korea Exchange (KRX) will list three additional expiration months whose expiration is longer than one year for KOSPI 200 futures (tag1151-SecurityGroup=K2F, tag 55-Symbol=K2) for trading on CME Globex, pending regulatory approval.

      Korea Exchange (KRX) Listing Cycle Expansion for KOSPI 200 Futures
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      KOSPI 200 futures K2F K2

      The new expiration months are currently available for customer testing in New Release.

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

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      Events and Announcements

      New - Disaster Recovery (DR) Testing

      CME Group is committed to the protection of its members, employees and stakeholders and has a long history of successfully managing risk. In keeping with those traditions, CME Group has a comprehensive business continuity program in place. To ensure customer readiness, CME Group offers CME Globex Disaster Recovery (DR) Failover testing, which will be held on Saturday, October 25 in conjunction with the Futures Industry Association (FIA) test.

      The CME Globex DR Failover test is designed to ensure customers can successfully failover to the DR environment, send orders and fallback to the production environment in case of an emergency.

      The CME Globex DR Failover testing will begin at 8:00 a.m. Central Time (CT) and conclude at 2:00 p.m. (CT). This will be the first CME Globex DR Failover test which allows customers to test three different failover scenarios. A detailed timeline is available in the overview.

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      New - CME Globex GCC Outbound Contact Mandatory Registration

      Earlier this year, CME Group requested executing firms supply the CME Global Command Center (GCC) with Outbound Contacts in an effort to more efficiently resolve error trade and related technical issues. Beginning Monday, November 3, CME Group will no longer process iLink session requests for any executing firm that has not supplied the GCC with its Outbound Contact information.

      GCC Outbound Contacts are defined as follows:

      CME Globex GCC Outbound Contact Description
      Role Description
      GCC Outbound Error Trade Contact Person, phone number or email address (individual or vanity) which the GCC uses to contact/notify an executing firm regarding an error trade.
      GCC Outbound iLink Session Technical Contact Person, phone number, email address (individual or vanity) which the GCC uses to contact/notify an executing firm regarding technical issues such as improper sequence numbering or a runaway automated trading system (ATS).

      To register your firm’s Outbound Contact information with the GCC, please contact your Global Account Manager in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754, in Asia at +65 6593 5505.

      Additional information on outbound contact is available online.

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      New - CME Group Launches Data Center Services at 350 E. Cermak

      CME Group has launched CME Data Center Services, a new hosting, connectivity and support service offering at 350 E. Cermak in downtown Chicago. CME Data Center Services will provide low cost and high density hosting along with efficient connectivity to CME Globex. Through our open access model, both service and telecommunications providers are able to offer a wide range of services including but not limited to, market data, news, hosting, and global connectivity. Customers can connect to CME Globex through our existing CME LNet option but it is not required through this hosting service.

      Additional information on CME Data Center Services is available online.

      For more information on CME Data Center Services, please contact our Business Development Team.

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CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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