• CME Globex Notices: December 15, 2014

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Account Management
      • #
      • 20141215
      • Notice Date
      • 15 December 2014

    •  

       

       

       

       

       

       

       

      Topics in this issue include:

       

       

      Critical System Updates

       

      Negative Price Eligibility for User-Defined Spreads

      Effective this Sunday, December 21 (for trade date Monday, December 22) CME Globex will add the Negative Price Eligibility flag in the Security Definition (tag 35-MsgType=d) message for eligible User-Defined Spreads (UDS).

      This launch will be phased in as follows:

       

      Launch Schedule
      Production Launch Date Market Segment Tag 1300 MarketSegmentID
      Sunday, December 21 Hosted Partner Exchange markets 74

       

      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, or 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 messages for UDS. There are no changes to the current functionality.

       

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

       

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

       

       

      Update - MDP 3.0 Migration

      † Denotes update to the article

      CME Group completed the launch of Market Data Platform (MDP) 3.0 on Sunday, December 7, 2014. Market Data Platform (MDP) 3.0 is a low latency and direct data access solution designed to improve customers' ability to process and act on real-time price information.

      †Please note that all customers must certify for and migrate to MDP 3.0 by Friday, June 5, 2015.

      • As of Sunday, June 7, any customers who have not migrated will be charged a weekly escalating penalty for FIX/FAST market data.
      • At the end of the trading day on Friday, July 10, 2015, all FIX/FAST channels will be retired.

      During the six month parallel window, the following guidelines will be leveraged in case of market data failures. These are guidelines only, and CME Group will review each event individually to determine the best response.

      • Currently, markets may be halted for either FIX/FAST or MDP 3.0 issues.
      • In the final state, markets will be halted for MDP 3.0 issues only.

      The weekly escalating penalty and final state will be announced via the CME Globex Notices.

      TAS Pre-Open Validation

      Order entry will be permitted in TAS (Trade at Settlement) markets as soon as the Pre-Open state message is published, regardless of whether it is received first via the FIX/FAST or MDP 3.0 feeds. The CME Group Market Regulation rules for TAS Transactions can be found here.

      Customer systems receiving market data via CME Globex must complete mandatory certification via AutoCert+. The client impact assessment, functional specifications, and message specifications provide detailed functionality and messaging information.

      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.

       

       

      Back to Top

       

      Automated iLink Port Closure

      Effective Sunday, January 11, 2015, CME Globex is introducing an Automated iLink Port Closure solution to protect CME Group markets and systems from potentially detrimental behavior. This solution is an enhancement to the CME Globex Port Closure Policy introduced in January 2012.

      With this enhancement, CME Globex will automatically logout and close both the primary and backup ports for any iLink session that exceeds 5 invalid Logon (tag 35=A) messages in 60 seconds. Logon messages may be invalid due to:

      • Incorrect sequence number
      • Invalid password
      • Invalid heartbeat interval
      • Malformed message
      • Required tag missing or sent with invalid value
      • Invalid SenderCompID (iLink tag 49)

      Automated iLink Port Closure can also be triggered by customers sending messages other than a Logon when the session has not been successfully logged in.

      When triggered, CME Globex will send a Logout message (tag 35=5) with tag 58-Text="(1000) CME Administered Port Closure Due to Invalid Number of Login Attempts Being Exceeded". Sessions with active-active fault tolerance will receive the Logout message on both the primary and backup instances. Sessions without fault tolerance will only receive the Logout on the primary instance, but both the primary and backup ports will be closed.

      Primary and secondary clearing firm members must contact the Global Command Center directly to have a port re-opened. The GCC can be reached in U.S. at 800 438 8616, in Europe at 0800 898 013 or in Asia at 65 6532 5010.

      Automated iLink Port Closure are currently available for customer testing in New Release. To facilitate customer testing, the parameters in New Release will be 10 invalid Logon (tag 35=A) messages in 60 seconds.

       

       

      Back to Top

       

      Update - New iLink Architecture

      † Denotes update to the article

      In Q1 2014, CME Group launched the first Phase of new iLink Architecture, Market Segment Gateway (MSGW) for TAS markets only. In Q3 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 January 2015. A new MSGW certification suite will be available in AutoCert+ in † March 2015. 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.

       

       

      Back to Top

       

      New iLink Failover Process

      In Q2 2015, 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 Q1 2015.

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

       

       

      Back to Top

       

      Update - Drop Copy 4.0 Implementation

      † Denotes update to the article

      In † Q2 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 January 2015.

      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.

       

       

      Back to Top

       

      New Functionality

      Self-Match Prevention Enhancements

      Effective this Sunday, December 21 (trade date Monday, December 22), pending regulatory review periods, CME Group will launch enhancements to the CME Globex Self-Match Prevention (SMP).

      This launch will be phased in as follows:

       

      Self-Match Prevention Enhancements
      Tag 1300-MarketSegementID Market Segment Production launch
      76 NYMEX and COMEX Metals and Alternative Market futures December 21, 2014
      * All remaining markets January 11, 2015

       

      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.

       

       

      Back to Top

       

      UDS: Covereds Enhancements for Natural Gas Derivatives

      Effective Sunday, January 11, 2015 (trade date Monday, January 12), User-Defined Spreads: Covereds functionality will be enhanced to better support Natural Gas trading on CME Globex.

      With this enhancement, futures allocations for Natural Gas options covered by Henry Hub Penultimate futures (NPG) will account for the contract size differences, as detailed in the table below.

       

      UDS: Covereds Enhancements for Natural Gas Derivatives
      Product FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 Contract Size Multiplier for UDS: Covereds Futures Allocation
      Henry Hub Penultimate futures NPG 2,500 mmBtu --
      Natural Gas options (American) ON 10,000 mmBtu 4
      Natural Gas weekly options (American) ON1-ON5 10,000 mmBtu 4
      Natural Gas options (European) LNE 10,000 mmBtu 4
      Natural Gas financial weekly options LN1-LN5 10,000 mmBtu 4
      Natural Gas (Henry Hub) daily options KDB 10,000 mmBtu 4
      Natural Gas short-term options U01-U31 10,000 mmBtu 4
      Natural Gas (Henry Hub) last-day financial options AE7 10,000 mmBtu 4

       

      Please Note: There are no messaging changes for this launch.

      As an example:

      • Customer creates a UDS: Covered with a Natural Gas option (European) LNE leg covered by a Henry Hub Penultimate future NPG leg and a customer-submitted delta value of 0.40
      • The futures allocation quantity would be 1.60
        • Futures allocation quantity = customer-submitted delta value * (option contract size/future contract size)
        • Futures allocation quantity = 0.40(10,000/2,500 mmBtu)
      • A UDS: Covered trade of 100 LNE options would be allocated 160 NPG covering futures
        • Today, this trade would be allocated 40 covering futures

      More information on UDS: Covereds functionality and trading is available online.

      The UDS: Covereds enhancement is currently available for customer testing in New Release.

       

       

      Back to Top

       

      New - MexDer Risk Control Gateway Enhancements

      Effective Monday, February 9, MexDer (Mercado Mexicano de Derivados) will launch enhancements to the Risk Control Gateway (RCG). With these enhancements, additional risk filters will be made available for north-to-south order routing customers. The RCG allows clearing firm Risk Administrators to set credit limits for pre-trade risk management.

      The new risk filters are:

      • Filter for class, side, order type, time in force and gap of time
      • Daily Quantity per class and side
      • Credit Limit Controls for Long/Short Margin
      • Position Limit Control Net for Long/Short Margin

      Orders that would exceed the credit limits are rejected with an Execution Report - Reject (tag 35-MsgType=8, tag 39-OrdStatus=8) message.

      The additional risk filters will be available in New Release for customer testing on Monday, January 19.

      Please contact MexDer for more information on the RCG.

       

       

      Back to Top

       

      Product Launches

      Update - Streamlined FIX/FAST and ITC - Block Trades for CBOT Treasury Invoice Swap Spreads - Postponed

      On Sunday, December 14 (for trade date Monday, December 15), CME Group began publishing CBOT Treasury Invoice Swap Spreads block trade market data via streamlined FIX/FAST on CBOT Block Trades Channel 182.

      Effective this Sunday, December 21, the following tag will be added to the Market Data Incremental Refresh (tag 35-MsgType = X) message:

       

      Tag FIX Name Valid Values Format Description
      762 SecuritySubType IN = Invoice Swap String(5) Strategy type

       

      The specifications for streamlined FIX/FAST block trades can be found here.

      The block trades for CBOT Treasury Invoice Swap Spreads are currently available in New Release for customer testing.

       

       

      Back to Top

       

      Natural Gas Intercommodity Spreads

      Effective this Sunday, December 21 (for trade date Monday, December 22), the following natural gas inter-commodity spreads will be listed for trading on CME Globex.

       

      Natural Gas Intercommodity Spreads
      Intercommodity Spreads 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
      Natural Gas (Henry Hub) Penultimate financial futures VS. Natural Gas (Henry Hub) Last-day financial futures HP-HH NG
      Natural Gas (Henry Hub) Penultimate financial futures VS. Henry Hub Natural Gas futures HP-NG NG
      Henry Hub Penultimate NP futures VS. Henry Hub Natural Gas Last Day financial futures (Per Month) NPG-NNE NG

       

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

       

       

      Back to Top

       

      CME Europe Gas Futures

      In Q1 2015, 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.

      These contracts are listed on, and subject to, the rules of UK RIE CME Europe Ltd.

       

       

      Back to Top

       

      CME Europe Euro and US Dollar Denominated Deliverable Swap Futures

      Pending regulatory product approval CME Europe will list the following Euro and US Dollar Denominated Deliverable swap futures for trading on CME Globex and clearing submission via CME ClearPort for CME Clearing Europe (CMECE), in Q1 2015.

       

      CME Europe Euro and US Dollar Denominated Deliverable Swap 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
      2-Year Deliverable Euro Interest Rate swap futures EU2 DS
      5-Year Deliverable Euro Interest Rate swap futures EU5 DS
      10-Year Deliverable Euro Interest Rate swap futures E10 DS
      2-Year Deliverable US Dollar Interest Rate swap futures DS2 DS
      5-Year Deliverable US Dollar Interest Rate swap futures DS5 DS
      10-Year Deliverable US Dollar Interest Rate swap futures D10 DS
      30-Year Deliverable US Dollar Interest Rate swap futures D30 DS

       

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

      These contracts are listed on, and subject to, the rules of UK RIE CME Europe Ltd.

       

       

      Back to Top

       

      CME Europe Cocoa Futures

      In Q1 2015, 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.

       

       

      Back to Top

       

      Product Changes

      Listing Cycle Expansion for Indonesian Coal Futures

      Effective this Sunday, December 21 (trade date Monday, December 22), the listing cycle for Indonesian Coal futures will be expanded from current year plus next calendar year to current year plus next two full calendar years.

       

      Listing Cycle Expansion for Indonesian Coal 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 Listing Cycle New Listing Cycle
      Indonesian Coal (McCloskey sub-bituminous) Futures MCC ZZ Monthly maturities for the current year plus next full calendar year Monthly maturities for the current year plus next two full calendar years

       

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

       

       

      Back to Top

       

      Minimum Tick Increment Changes to Henry Hub Gas Futures

      Effective this Sunday, December 21 (trade date Monday, December 22), 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 futures after their close on Friday, December 19. After 16:00 CT on Friday, December 19, all remaining GTC and GTD orders for these futures will be cancelled by the CME Group Global Command Center (GCC).

      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.

       

       

      Back to Top

       

      Circuit Breaker and Daily Price Limit Changes for Certain CBOT Interest Rate, CME FX, and NYMEX/COMEX Metals Futures and Options

      Effective this Sunday, December 21 (trade date Monday, December 22), CME Group will introduce circuit breaker methodology for certain CBOT Interest Rates, CME FX, and NYMEX/COMEX Metals futures and options, pending regulatory review periods.  For more details, please refer to Special Executive Reports for each asset class:

      FIX/FAST
      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 1148-LowLimitPrice) messages on the instrument replay feed.

      MDP 3.0
      Customers may obtain daily price limits, included as tag 1149-HighLimitPrice and 1150-LowLimitPrice, from any of the following messages:

      • Market Data Incremental Refresh (tag 35-MsgType=X)
      • Security Definition (tag 35-MsgType=d,)
      • Market Data Snapshot Full Refresh (tag 35-MsgType=W) in the Market Recovery Feed

      These changes will be available for customer testing in New Release on Monday, December 8.

      If you have any questions, please contact the CME Global Command Center in U.S. at 800 438 8616, in Europe at 0800 898 013 or in Asia at 65 6532 5010.

       

       

       

      Back to Top

       

      S&P Dow Jones Indices Calculation Frequency Increase

      Effective Thursday, January 1, 2015, S&P Dow Jones Indices will increase the calculation frequency for several indices on MDP channels 150 and 151.

      The frequency rate is sent in the Security Definition (tag 35=d) message where:

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

       

       

      Back to Top

       

      New - Product Name Change for Gasoil Futures

      Effective Sunday, January 4, 2015 (trade date Monday, January 5), the following Gasoil futures and options product names will be modified as follows:

       

      Product Name Change for Gasoil Futures
      Current Product Name New Product Name 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
      Gasoil Crack Spread (1000mt) Financial Futures Low Sulphur Gasoil Crack Spread (1000mt) Financial Futures GOC RF
      Mini ULSD 10ppm Cargoes CIF MED (Platts) vs. Gasoil Futures Mini ULSD 10ppm Cargoes CIF MED (Platts) vs. Low Sulphur Gasoil Futures UCM CP
      Mini European Jet Kero Cargoes CIF NWE (Platts) vs. Gasoil Futures Mini European Jet Kero Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures MJC RF
      Mini European Jet Kero Barges FOB Rdam (Platts) vs. Gasoil Futures Mini European Jet Kero Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures MJB RF
      Mini ULSD 10ppm Cargoes CIF NWE (Platts) vs. Gasoil Futures Mini ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures MGN CP
      Mini Gasoil 0.1 Cargoes CIF NWE (Platts) vs. Gasoil Futures Mini Gasoil 0.1 Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures MGF CP
      Jet Aviation Fuel Cargoes FOB MED (Platts) vs. Gasoil Futures Jet Aviation Fuel Cargoes FOB MED (Platts) vs. Low Sulphur Gasoil Futures A1V RF
      Gasoil 0.1 Cargoes CIF MED (Platts) vs. Gasoil BALMO Futures Gasoil 0.1 Cargoes CIF MED (Platts) vs. Low Sulphur Gasoil BALMO Futures 8W CP
      ULSD 10ppm CIF MED (Platts) vs. Gasoil BALMO Futures ULSD 10ppm CIF MED (Platts) vs. Low Sulphur Gasoil BALMO Futures 7V CP
      Gasoil 0.1 Barges FOB Rdam (Platts) vs. Gasoil BALMO Futures Gasoil 0.1 Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil BALMO Futures 6V CP
      Gasoil 0.1 Cargoes CIF NWE (Platts) vs. Gasoil BALMO Futures Gasoil 0.1 Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil BALMO Futures 4V CP
      ULSD 10ppm Cargoes CIF NWE (Platts) vs. Gasoil BALMO Futures ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil BALMO Futures 3V CP
      Diesel 10ppm Barges FOB Rdam (Platts) vs. Gasoil BALMO Futures Diesel 10ppm Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil BALMO Futures 7X CP
      Jet Fuel Cargoes CIF NWE (Platts) vs. Gasoil BALMO Futures Jet Fuel Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil BALMO Futures A6X CP
      Jet Fuel Barges FOB Rdam (Platts) vs. Gasoil BALMO Futures Jet Fuel Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil BALMO Futures 9Q CP
      Gasoil BALMO Futures Low Sulphur Gasoil BALMO Futures U9 CP
      Gasoil Mini Financial Futures Low Sulphur Gasoil Mini Financial Futures AQA RF
      Gasoil 0.1 Barges FOB Rdam (Platts) vs. Gasoil Futures Gasoil 0.1 Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures AWQ RF
      Gasoil 0.1 Cargoes CIF NWE (Platts) vs. Gasoil Futures Gasoil 0.1 Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures ATU RF
      ULSD 10ppm Cargoes CIF NWE (Platts) vs. Gasoil Futures ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur GasoRFil Futures ATP RF
      Gasoil 0.1 Cargoes CIF MED (Platts) vs. Gasoil Futures Gasoil 0.1 Cargoes CIF MED (Platts) vs. Low Sulphur Gasoil Futures AZ5 RF
      ULSD 10ppm CIF MED (Platts) vs. Gasoil Futures ULSD 10ppm CIF MED (Platts) vs. Low Sulphur Gasoil Futures AZ7 RF
      European Gasoil Calendar Spread Options European Low Sulphur Gasoil Calendar Spread Option GXA PC
      European Gasoil Calendar Spread Options European Low Sulphur Gasoil Calendar Spread Option GXB PC
      European Gasoil Calendar Spread Options European Low Sulphur Gasoil Calendar Spread Option GXC PC
      European Gasoil Calendar Spread Options European Low Sulphur Gasoil Calendar Spread Option GXM PC
      European Gasoil Calendar Spread Options European Low Sulphur Gasoil Calendar Spread Option GXZ PC
      European Gasoil (1000mt) Bullet Futures European Low Sulphur Gasoil (1000mt) Bullet Futures BG RF
      European Gasoil Brent Crack Spread Futures European Low Sulphur Gasoil Brent Crack Spread Futures GZ PT
      European Gasoil Brent Crack Spread Average Price Option European Low Sulphur Gasoil Brent Average Price Option A3U EF
      European Gasoil (100mt) Bullet Futures European Low Sulphur Gasoil (100mt) Bullet Futures GLI CM
      European Diesel 10 ppm Barges FOB Rdam (Platts) vs. Gasoil Futures European Diesel 10 ppm Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures AET EE
      Jet Cargoes CIF NWE (Platts) vs. Gasoil Futures Jet Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures HJC RF
      Jet Barges FOB Rdam (Platts) vs. Gasoil Futures Jet Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures AJR RF
      Singapore Gasoil (Platts) vs. Gasoil Futures Singapore Gasoil (Platts) vs. Low Sulphur Gasoil Futures AGA RF
      European Gasoil Financial Futures European Low Sulphur Gasoil Financial Futures AGX RF
      Mini European Diesel 10 ppm Barges FOB Rdam (Platts) vs. Gasoil Futures Mini European Diesel 10 ppm Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures MUD CP
      Mini Gasoil 0.1 Barges FOB Rdam (Platts) vs. Gasoil Futures Mini Gasoil 0.1 Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures MGB CP
      European-Style Gasoil Options European-Style Low Sulphur Gasoil Option F8 PC
      Gasoil Average Price Options Low Sulphur Gasoil Average Price Option AF7 EF
      FAME 0 Biodiesel FOB Rdam (Argus) (RED Compliant) vs. Gasoil Futures FAME 0 Biodiesel FOB Rdam (Argus) (RED Compliant) vs. Low Sulphur Gasoil Futures FBT CP
      RME Biodiesel FOB Rdam (Argus) (RED Compliant) vs. Gasoil Futures RME Biodiesel FOB Rdam (Argus) (RED Compliant) vs. Low Sulphur Gasoil Futures BFR RF

       

       

      Back to Top

       

      Events and Announcements

      Streamlined FIX/FAST - Extension of Eris Exchange Trading Hours

      Effective Monday, December 22, Eris Exchange will extend Regular Trading Hours (RTH) from 7:20 a.m. to 6:00 a.m. Central Time (CT) Monday through Friday.

      The new trading schedule is currently available for customer testing in New Release.

       

       

      Back to Top

       

      Reduced Velocity Logic Parameters

      For the period of Wednesday, December 24, 2014 through Friday, January 2, 2015, CME Group will reduce the parameters to trigger Velocity Logic by 50 percent.

      Please note: Regular Velocity Logic parameters will apply to CME Europe products.

      The Velocity Logic parameters for every CME Globex product are defined in the CME Globex Product Reference in the Client Systems Wiki.

       

       

      Back to Top

       

      New - Messaging Efficiency Program Q1 2015 Benchmarks

      The Q1 2015 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available online. No changes were made to any of the Q1 2015 Product Group Benchmarks vs. Q4 2014 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 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.

       

       

      Back to Top

       

      CME Globex Port Closure Fee Change

      Effective Thursday, January 1, 2015, the CME Globex Port Closure fee will increase from $500 to $1,000.

      Additional information on the CME Globex Port Closure Policy is available online.

      If you have any questions, please contact the CME Global Command Center in U.S. at 800 438 8616, in Europe at 0800 898 013 or in Asia at 65 6532 5010.

       

       

      Back to Top

       

      Automated iLink Port Closure

      Effective Sunday, January 11, 2015, CME Globex is introducing an Automated iLink Port Closure solution to protect CME Group markets and systems from potentially detrimental behavior. This solution is an enhancement to the CME Globex Port Closure Policy introduced in January 2012.

      With this enhancement, CME Globex will automatically logout and close both the primary and backup ports for any iLink session that exceeds 5 invalid Logon (tag 35=A) messages in 60 seconds. Logon messages may be invalid due to:

      Automated iLink Port Closure can also be triggered by customers sending messages other than a Logon when the session has not been successfully logged in.

      When triggered, CME Globex will send a Logout message (tag 35=5) with tag 58-Text="(1000) CME Administered Port Closure Due to Invalid Number of Login Attempts Being Exceeded". Sessions with active-active fault tolerance will receive the Logout message on both the primary and backup instances. Sessions without fault tolerance will only receive the Logout on the primary instance, but both the primary and backup ports will be closed.

      Primary and secondary clearing firm members must contact the Global Command Center directly to have a port re-opened. The GCC can be reached in U.S. at 800 438 8616, in Europe at 0800 898 013 or in Asia at 65 6532 5010.

      Automated iLink Port Closure is currently available for customer testing in New Release on Monday, November 10. To facilitate customer testing, the parameters in New Release will be 10 invalid Logon (tag 35=A) messages in 60 seconds.

       

       

      Back to Top

       

      GCC Inbound Contacts

      Starting Monday, November 17, the CME Global Command Center (GCC) began supporting GCC Inbound Contacts based on the FirmSoft permissions authorized through the FirmSoft Admin tool for their SMART Click user ID. The GCC will continue to support existing GCC Inbound Contacts based on a previously submitted CME Globex Schedule 3&4 until Tuesday, March 31, 2015. After this date, only users with a SMART Click ID and permissioned FirmSoft rights will be considered GCC Inbound Contacts with the necessary permission(s) to status and/or cancel orders.

      As a reminder, a SMART Click ID is a unique user ID that allows access to CME Group applications. The SMART Click ID is retained by the user even when the user changes firms (clearing or trading). All users should only have 1 SMART Click ID. Additional SMART Click information is available online.

      Please note that as a result of this new model, Clearing Firm Administrators will no longer be required to submit a CME Globex Schedule 3&4 to register GCC Inbound Contacts. Instead, the Administrators will use the FirmSoft tool to enable permissions for GCC Inbound Contacts as necessary.

      In instances where a GCC Inbound Contact’s SMART Click ID is permissioned in FirmSoft, but the GCC Inbound Contact also has legacy permissions which were established by a CME Globex Schedule 3&4, the GCC will first refer to the SMART Click permissions in FirmSoft. GCC Inbound callers may have to ask the GCC to look at their old permissions established via a CME Globex Schedule 3&4 if they are not fully set up in FirmSoft.

      FirmSoft provides more granularity than the existing CME Globex Schedule 3&4, and includes Firm, Session ID, Account and Tag50 permissions. To help support this transition, the CME Globex Schedule 3&4 will no longer be utilized when adding new GCC Inbound contacts but still should be utilized when adding new primary or secondary Clearing Firm Administrators as well as new EOS Trader users.

      Reports are available in the Firm Administrator Dashboard for both GCC Inbound registered contacts and FirmSoft user permissions. Firm Administrators are strongly encouraged to review existing SMART Click contact information and FirmSoft permissions on a periodic basis to ensure accuracy.

      CME Direct, GALAX-C and EOS Trader users will continue to be supported as they are today.

      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.

       

       

      Back to Top

       

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.

© 2025 CME Group Inc. All rights reserved.