• CME Globex Notices: February 9, 2015

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Account Management
      • #
      • 20150209
      • Notice Date
      • 09 February 2015

    •  

      Topics in this issue include:

       

      Critical System Updates

      Update - MDP 3.0 Market Recovery Feed PPS Rate Changes

      † Denotes update to the article

      Starting this Sunday, February 15, CME Group began modifying the Market Recovery Feed packets per second (PPS) rates for MDP 3.0 Market Data channels to balance bandwidth utilization. The PPS rates will be modified per the following schedule.

      Please Note: The new PPS rates for each group of channels will be published in the Globex Notice prior to the implementation date. PPS rates are subject to change per CME Group discretion.

      MDP 3.0 Market Recovery Feed PPS Rate Changes
      Effective Date Channel Number & Description Current PPS
      (Packets Per Second)      		 New PPS
      (Packets Per Second)
      February 15, 2015 312 CME Globex Interest Rate Futures 400 † 135
        313 CME Globex Interest Rate Options 400
      		 100
        314 CME Globex FX Futures 100
      		 † 35
        315 CME Globex FX Options 400
      		 100
        316 CME Globex Commodity Futures 300
      		 †75
        317 CME Globex Commodity Options 100 25
        320 CME Globex FX Futures II 100 † 35
        321 CME Globex FX Options II 400 100
        340 CBOT Globex Commodity Futures 150
      		 † 50
        341 CBOT Globex Commodity Options 400
      		 100
        342 CBOT Globex Equity Index Futures 60
      		 † 20
        343 CBOT Globex Equity Index Options 400
      		 100
        344 CBOT Globex Interest Rate Futures 100 † 25
        345 CBOT Globex Interest Rate Options 400 100
        346 CBOT Globex Commodity Futures II 150 † 40
        360 COMEX Globex Futures 150 † 40
        361 COMEX Globex Options 100 25
        384 NYMEX Globex Metals, Softs, & Alternative Market Futures 150 75
        385 NYMEX Globex Metals, Softs, & Alternative Market Options 100 25
      February 22, 2015 318 CME Globex Equity Futures - excludes E-mini S&P 500 100 TBD
        319 CME Globex Equity Options - excludes E-mini S&P 500 480 TBD
        380 NYMEX Globex Emissions Futures 150 TBD
        381 NYMEX Globex Emissions Options 300 TBD
        382 NYMEX Globex Crude & Crude Refined Futures 2000 TBD
        383 NYMEX Globex Crude & Crude Refined Options 400 TBD
        386 NYMEX Globex Nat Gas & other Non-Crude Energy Futures 150 TBD
        387 NYMEX Globex Nat Gas & other Non-Crude Energy Options 300 TBD
        410 CME Europe Globex Futures 100 TBD
        430 BMD Globex Futures 400 TBD
        431 BMD Globex Options 400 TBD
        440 DME Globex Futures 100 TBD
        441 DME Globex Options 300 TBD
        450 KRX Globex Futures 50 TBD
        460 MGEX Globex Futures 60 TBD
        461 MGEX Globex Options 100 TBD

       

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      MDP 3.0 Migration

      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.

      • 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, 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- 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.

       

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      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.

      The new Drop Copy 4.0 implementation 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)
      • 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 † for Drop Copy 4.0 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 your 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.

      † Drop Copy 4.0 will be available in New Release for customer testing on Wednesday, February 18. A new Drop Copy 4.0 certification suite will be available in AutoCert+ in February 2015. Customer systems leveraging the Drop Copy service must complete this mandatory certification.

      † For more information, a Frequently Asked Questions (FAQ) guide is now available.

      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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      Update - New iLink Architecture

      † Denotes update to the article

      In Q3 2015, CME Group will launch Phase 2 of the new iLink Architecture, which will implement Market Segment Gateways throughout the iLink infrastructure, to provide:

      • FIFO ordered message handling per market segment, and
      • 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 and introduce 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 on † Tuesday, February 17. A new MSGW certification suite will be available in AutoCert+ in † Summer 2015. More specific information about the MSGW certification suite and production launch schedules will be published in the CME Globex Notices. Customer systems who want to connect directly to the MSGW must complete this mandatory certification.

      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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      Update - New iLink Failover Process

      † Denotes update to the article

      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 on † Tuesday, February 17.

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

       

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      iLink Session ID Policy and Operational Guidelines

      As noted in the recent CME Group Customer Forum E-Trading Updates, as a result of the upcoming iLink Architecture with Market Segment Gateways, CME Group plans to introduce a new policy for the distribution and management of iLink session IDs. Please refer to the iLink Session ID Policy and Operational Guidelines available here, which replaces the previously published iLink Session ID Guidelines and provides operational, allocation and distribution information for the CME Globex production environment. It has been updated to include information pertaining to the new Market Segment Gateway (MSGW) iLink architecture and iLink session ID distribution and management policy. Market participants should refer to the CME Globex Notices as to when the MSGW functionality and iLink session ID distribution and management policy will take effect.

      To ease and ensure a successful migration to the revised iLink Session Policy, clearing and executing firms are encouraged to contact their Global Account Manager with any questions.

       

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      New Functionality

      New - Stop Logic and Velocity Logic Enhancements for Treasury Product Groups

      Effective Sunday, March 22 (trade date Monday, March 23), the Stop Logic and Velocity Logic functionalities for the following Treasury groups on CME Globex will be modified:

      • ZT
      • Z3
      • ZF
      • ZN
      • ZB
      • ZU

      When an exchange-defined lead month futures instrument triggers a Stop Logic or Velocity Logic event, all products in these Treasury groups will be placed in the Pre-Open state (market data message tag 35-MsgType=f, tag 326-SecurityTradingStatus=21).

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

      CME Globex products with exchange-defined lead month futures instruments and enhanced market integrity controls are listed in the CME Globex Product Reference Sheet in the Client Systems Wiki.

      If you have any questions, please contact the CME Global Command Center in the U.S. at +1 312 456 2391, in Europe at +44 20 7623 4708 or in Asia at +65 6223 1357.

       

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      Product Launches

      Update - Ratio Calendar Spread for Treasury Bond Futures

      † Denotes update to the article

      Effective this Sunday, February 15 (trade date Tuesday, February 17), due to unique changes in the deliverable basket affecting the upcoming March-June Treasury Bond (ZB) calendar roll, a new reduced-tick ratio calendar spread will be listed for trading on CME Globex. The March-June 2015 Treasury Bond Futures Roll: Mind the Gap is available now for more information.

      This spread is a reduced tick calendar spread with the usual quarter-32nd tick, but with a leg ratio of 3:2. The details of the spread are included in the Security Definition message as defined below.

      Ratio Calendar Spread for Treasury Bond 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      		 Tag 762-SecuritySubType Tag 623-LeqRatioQty
      Treasury Bond Reduced-Tick Ratio Calendar Spread † ZBX ZB RT Front Leg: 3
      Back Leg: 2

      This spread will not be implied and will not be SLEDS eligible.

      The ratio spread will be listed alongside the current Reduced Tick calendar spread. Trade leg assignment and spread pricing differences are outlined in the following scenarios:

      • ZBH5 is priced at 150.0 (1500)
      • ZBM5 is priced at 165.0 (1650)
      • The Reduced Tick calendar spread ZBH5-ZBM5 trades at -15.0 (-1500
        • Front leg – deferred leg
        • (150.0 – 165.0) = -15.0
      • The Reduced-Tick Ratio calendar spread ZBXH5-ZBXM5 trades at 120.0 (120000)
        • (Front leg*3)-(deferred leg*2)
        • ((150.0*3)-(165.0*2)) = 120.0

      The reduced-tick ratio calendar spread is currently available for testing in New Release.

       

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      New - Short-Dated New Crop Soybean Meal and Soybean Oil Options

      Effective Sunday, February 22, (trade date Monday, February 23), the following Short-Dated Crop options will be listed for trading on CME Globex, open outcry and clearing submission via CME ClearPort.

      Short-Dated New Crop Soybean Meal and Soybean Oil 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
      (Outrights)      		 FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      (UDS)
      Short-Dated Options on New Crop Soybean Meal Futures OMD ML MY
      Short-Dated Options on New Crop Soybean Oil Futures OLD 0O OZ

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

      Please view the new product summary.

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

       

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      New - Trade Month Benzene Futures

      Effective Sunday, March 8 (trade date Monday, March 9), the following Trade Month Benzene futures will be listed for trading on CME Globex and clearing submission via CME ClearPort.

      Trade Month Benzene Futures
      Futures Product Names 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
      European Benzene cif ARA (Argus) Trade Month Futures BEA JR
      Benzene fob South Korea (Argus) Trade Month Futures BSA JR

      These futures will be available for testing in New Release on Monday, February 23.

      Please view the new product summary.

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

       

       

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      New - Crude Oil and Refined Futures

      Effective Sunday, March 8 (trade date Monday, March 9), the following Crude Oil and Refined futures will be listed for trading on CME Globex and clearing submission via CME ClearPort.

      Crude Oil and Refined 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
      Futures Product Name tag 1151-SecurityGroup tag 55-Symbol
      Mini 3.5% Fuel Oil Barges FOB Rdam (Platts) Crack Spread (100mt) Futures MFR RF
      Mini 1% Fuel oil Cargoes FOB NWE (Platts) Crack Spread (100mt) Futures MNS RF
      Mini Brent Financial Futures MBC PT
      Mini Dated Brent (Platts) Financial Futures MDB RF
      Mini East-West Fuel Oil Spread (Platts) Futures MEW PT
      Mini Singapore Fuel Oil 380cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures MSB RF
      Mini 1% Fuel Oil Cargoes CIF NWE(Platts) Futures MFP RF

      These futures will be available for customer testing in New Release on Monday, February 23.

      Please view the new product summary.

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

       

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      CME Europe Cocoa Futures

      Effective Monday, March 30, 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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      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.

       

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      CME Europe Fertiliser Cash Settled Futures

      In Q1 2015, pending regulatory product approval, CME Europe will list the following Fertiliser Cash Settled Futures for trading on CME Globex and clearing submission via CME ClearPort.

      CME Europe Fertiliser Cash Settled 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
      Urea (Granular) FOB US Gulf Future FNE FE
      UAN FOB NOLA Future FUE FE
      DAP FOB NOLA Future FLE FE
      DAP FOB Tampa Future FTA FE
      Urea (Granular) FOB Egypt Future FEY FE
      Urea (Prilled Bulk) FOB Yuzhny Future FKE FE
      Urea (Granular) FOB Middle East Future FME FE
      Urea (Prilled) FOB China Future FCE FE

      These products will be available for customer testing in New Release on Monday, March 9.

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

       

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      Product Changes

      New Price Ratios for Treasury Intercommodity Spreads (ICS)

      Effective this Sunday, February 15 (for trade date Tuesday, February 17), new price ratios will become available for Treasury Futures Intercommodity Spreads (ICS) based on June 2015 contract months. Treasury ICS are predefined, implied Treasury futures yield curve spreads listed on CME Globex.

      Please note: All June 2015 spread ratios will differ from the March 2015 spread ratios, which are currently listed for trading.

      For more information, please refer to the comparison table of the March 2015 and June 2015 ratios.

      The new June 2015 spreads are currently available for customer testing in New Release.

       

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      Price Banding Changes for Soybean Meal and Soybean Oil Futures Spreads

      Effective this Sunday, February 15 (trade date Tuesday, February 17), the price bands for Soybean Meal and Soybean Oil futures spreads will be reduced as follows:

      Price Banding Changes for Soybean Meal and Soybean Oil Futures 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 Current Price Banding New Price Banding
      Soybean Meal Futures ZM ZS Calendar Spreads (SP)
      Butterflies (BF)      		 79 35
      Soybean Oil Futures ZL ZS

      Price bands for every CME Globex product is defined in the CME Globex Product Reference in the Client Systems Wiki.

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

       

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      New - Temporary Changes to Treasury Bond futures Non-Reviewable Range for Calendar Spreads and Settlement Procedures

      Effective this Sunday, February 15 (trade date Tuesday, February 17) through Friday, March 20, the non-reviewable range for Treasury Bond ratio calendar spreads will be modified as follows:

      Temporary Changes to Treasury Bond futures Non-Reviewable Range for Calendar Spreads and Settlement Procedures
      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 Non-reviewable Range Temporary Non-reviewable Range
      Treasury Bond 1:1 Calendar Spread ZB ZB 1.25/32 of 1 point ($1,000) 2.5/32 of 1 point ($1,000)
      Treasury Bond 3:2 Calendar Spread ZBX ZB — 2.5/32 of 1 point ($1,000)

      The non-reviewable range for every CME Globex product is defined in the CME Globex Product Reference in the Client Systems Wiki and table 588.H of the rulebook.

      For more information additional on these changes, please refer to SER 7300.

       

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      FIX tag Changes for Metal Futures

      Effective Sunday, February 22 (for trade date Monday, February 23), the values in the following FIX tags will be changed for Metals futures:

      • tag 55-Symbol for FIX/FAST, and
      • tag 1151-SecurityGroup for MDP 3.0
      FIX tag Changes for Metal Futures
      Product Product Code
      FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 Current State
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 New State
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      E-micro Gold futures and calendar spreads MGC QO GC
      miNY Gold futures and calendar spreads QO QO GC
      E-mini Copper futures and calendar spreads QC QC HG
      miNY Silver futures and calendar spreads QI QI SI

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

       

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      Price Banding Changes for Metals Futures & Calendar Spreads

      Effective Sunday, February 22 (trade date Monday, February 23), the price bands for the following metal futures and their respective calendar spreads will be reduced as follows:

      Price Banding Changes for Metals 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      		 Current Price Banding
      (Outrights)      		 New Price Banding
      (Outrights)      		 tag 762-SecuritySubType Current Price Banding
      (Calendars)      		 New Price Banding
      (Calendars)
      Copper Futures HG HG 800 600 SP (Calendar) 400 200
      miNY Copper Futures QC QC 800 600 SP (Calendar) 400 200
      Platinum Futures PL PL 300 150 SP (Calendar) 300 50
      Palladium Futures PA PD 1500 750 SP (Calendar) 1500 250

      Price bands for every CME Globex product are defined in the CME Globex Product Reference in the Client Systems Wiki.

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

       

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      New - FIX tag Changes for Natural Gas Futures and Options

      Effective Sunday, March 22 (for trade date Monday, March 23), the values in the following FIX tags will be changed for the following natural gas futures and options:

      • tag 55-Symbol for FIX/FAST, and
      • tag 1151-SecurityGroup for MDP 3.0
      FIX tag Changes for Natural Gas Futures and Options
      Product Product Code
      FIX/FAST and iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset      		 Current State
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 New State
      FIX/FAST and iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Algonquin City-Gates Natural Gas (Platts IFERC) Basis Futures B4N NE FD
      Algonquin Natural Gas (Platts IFERC) Fixed Price Futures XAC GU FD
      ANR, Louisiana Natural Gas (Platts IFERC) Basis Futures NDN GU FD
      ANR, Louisiana Natural Gas (Platts IFERC) Fixed Price Futures DAR GU FD
      ANR, Oklahoma Natural Gas (Platts IFERC)Basis Futures NEN MN FD
      ANR, Oklahoma Natural Gas (Platts IFERC) Fixed Price Futures DAL GU FD
      CenterPoint Natural Gas (Platts IFERC) Basis Futures PW GU FD
      CenterPoint Natural Gas (Platts IFERC) Fixed Price Futures DAC GU FD
      Chicago Natural Gas (Platts IFERC) Basis Futures NBN MN FD
      Chicago Natural Gas (Platts IFERC) Fixed Price Futures XO GU FD
      CIG Rockies Natural Gas (Platts IFERC) Basis Futures CIN WE FD
      CIG Rockies Natural Gas (Platts IFERC) Fixed Price Futures XIC GU FD
      Columbia Gas TCO (Platts IFERC) Basis Futures TC GU FD
      Columbia Gulf Louisiana Natural Gas (Platts IFERC) Basis Futures GL GU FD
      Columbia Gulf, Mainline Natural Gas (Platts IFERC) Basis Futures 5ZN GU FD
      Columbia Gulf, Mainline Natural Gas (Platts IFERC) Fixed Price Futures DCE GU FD
      Dawn Natural Gas (Platts IFERC) Basis Futures ADW ZZ FD
      Demarc Natural Gas (Platts IFERC) Basis Futures PE MN FD
      Demarc Natural Gas (Platts IFERC) Fixed Price Futures DNP GU FD
      Dominion South Point Natural Gas (Platts IFERC) Basis Futures PGN NE FD
      Florida Gas Zone 2 Natural Gas (Platts IFERC) Basis Futures 8AN GU FD
      Florida Gas Zone 2 Natural Gas (Platts IFERC) Fixed Price Futures XGC GU FD
      Florida Gas Zone 3 Natural Gas (Platts IFERC) Basis Futures FPN GU FD
      Florida Gas Zone 3 Natural Gas (Platts IFERC) Fixed Price Futures XFC GU FD
      Henry Hub Combo Futures HBI GU FD
      Henry Hub Natural Gas (Platts IFERC) Basis Futures HB GU FD
      Houston Ship Channel Natural Gas (Platts IFERC) Basis Futures NHN GU FD
      Kern River Natural Gas (Platts IFERC) Basis Futures NV WE FD
      Kern River Natural Gas (Platts IFERC) Fixed Price Futures DFE GU FD
      Malin Natural Gas (Platts IFERC) Basis Futures PBN WE FD
      Malin Natural Gas (Platts IFERC) Fixed Price Futures DML GU FD
      MichCon Natural Gas (Platts IFERC) Basis Futures NFN MN FD
      NGPL Mid-Con Natural Gas (Platts IFERC) Basis Futures NL MN FD
      NGPL STX Natural Gas (Platts IFERC) Basis Futures T5N MN FD
      NGPL STX Natural Gas (Platts IFERC) Fixed Price Futures DNS GU FD
      NGPL TexOk Natural Gas (Platts IFERC) Basis Futures PD MN FD
      NGPL TexOk Natural Gas (Platts IFERC) Fixed Price Futures XNC GU FD
      OneOk Oklahoma Natural Gas (Platts IFERC) Basis Futures 8XN MN FD
      OneOk Oklahoma Natural Gas (Platts IFERC) Fixed Price Futures XKC GU FD
      Panhandle Natural Gas (Platts IFERC) Basis Futures PH MN FD
      Permian Natural Gas (Platts IFERC) Basis Futures PM MN FD
      PG&E Citygate Natural Gas (Platts IFERC) Basis Futures PC WE FD
      PG&E Citygate Natural Gas (Platts IFERC) Fixed Price Futures XQ GU FD
      Rockies Natural Gas (Platts IFERC) Basis Futures NR WE FD
      San Juan Natural Gas (Platts IFERC) Basis Futures NJ WE FD
      SoCal City-Gate Natural Gas (Platts IFERC) Basis Futures 9A WE FD
      SoCal Natural Gas (Platts IFERC) Basis Futures NS WE FD
      Southern Natural Louisiana Natural Gas (Platts IFERC) Basis Futures SZN GU FD
      Southern Natural Louisiana Natural Gas (Platts IFERC) Fixed Price Futures XSC GU FD
      Southern Star Tx.-Okla.-Kan. Natural Gas (Platts IFERC) Basis Futures 8ZN MN FD
      Sumas Natural Gas (Platts IFERC) Basis Futures NKN WE FD
      Sumas Natural Gas (Platts IFERC) Fixed Price Futures DVS GU FD
      Tennessee 500 Leg Natural Gas (Platts IFERC) Basis Futures NM GU FD
      Tennessee 500 Leg Natural Gas (Platts IFERC) Fixed Price Futures ZNP GU FD
      Tennessee 800 Leg (Platts IFERC) Basis Futures 6ZN GU FD
      Tennessee 800 Leg (Platts IFERC) Fixed Price Futures ZZ6 GU FD
      Tennessee Zone 0 Natural Gas (Platts IFERC) Basis Futures NQN GU FD
      Tennessee Zone 0 Natural Gas (Platts IFERC) Fixed Price Futures ZNT GU FD
      TETCO ELA Natural Gas (Platts IFERC) Basis Futures TEL GU FD
      TETCO STX Natural Gas (Platts IFERC) Basis Futures TXN MN FD
      TETCO STX Natural Gas (Platts IFERC) Fixed Price Futures ZTS GU FD
      Texas Eastern Zone M-3 Natural Gas (Platts IFERC) Basis Futures NX GU FD
      Texas Eastern Zone M-3 Natural Gas (Platts IFERC) Fixed Price Futures Z5P GU FD
      Texas Eastern WLA Natural Gas (Platts IFERC) Basis Futures 8BN GU FD
      Texas Gas Zone 1 Natural Gas (Platts IFERC) Basis Futures 9FN GU FD
      Texas Gas Zone 1 Natural Gas (Platts IFERC) Fixed Price Futures ZTA GU FD
      Transco Zone 1 Natural Gas (Platts IFERC)Basis Futures 8EN NE FD
      Transco Zone 1 Natural Gas (Platts IFERC)Fixed Price Futures XZ1 GU FD
      Transco Zone 2 Natural Gas (Platts IFERC) Basis Futures 8FN NE FD
      Transco Zone 3 Natural Gas (Platts IFERC) Basis Futures CZN NE FD
      Transco Zone 3 Natural Gas (Platts IFERC)Fixed Price Futures XZ3 GU FD
      Transco Zone 4 Natural Gas (Platts IFERC) Basis Futures TRZ NE FD
      Transco Zone 4 Natural Gas (Platts IFERC)Fixed Price Futures XZ4 GU FD
      Transco Zone 6 Natural Gas (Platts IFERC) Basis Futures NZN NE FD
      Transco Zone 6 Natural Gas (Platts IFERC)Fixed Price Futures XZ GU FD
      Transco Zone 6 Non-N.Y Natural Gas (Platts IFERC) Basis Futures TZ6 NE FD
      Transco Zone 6 non-NY Natural Gas (Platts IFERC)Fixed Price Futures XZ6 GU FD
      Trunkline Louisiana Natural Gas (Platts IFERC) Basis Futures NUN GU FD
      Trunkline Louisiana Natural Gas (Platts IFERC) Fixed Price Futures XTC GU FD
      Ventura Natural Gas (Platts IFERC) Basis Futures PF MN FD
      Ventura Natural Gas (Platts IFERC) Fixed Price Futures DVA GU FD
      Waha Natural Gas (Platts IFERC) Basis Futures NW MN FD
      LNG East Asia (ICIS Heren) Index Futures LAI PG GU
      LNG Japan/Korea Marker (Platts) Future JKM PG GU
      National Balancing Point (NBP) Henry Hub Basis Futures AE2 ZZ GU
      Henry Hub Natural Gas Look-Alike Penultimate Financial Futures HP NG HX
      Henry Hub Natural Gas Penultimate Financial Futures NPG NG HX
      E-mini Natural Gas Futures QG QG NG
      Chicago "Pipe" (Platts IFERC) Options PY PU GZ
      Columbia Gas TCO Basis (Platts IFERC) Options 5D PU GZ
      Daily Natural Gas Options KDB GN GZ
      Henry Hub Basis (Platts IFERC) Options 5E PU GZ
      Henry Hub Natural Gas Last Day Financial Options AE7 EF GZ
      Houston Ship Channel Basis (Platts IFERC) Options 5F PU GZ
      Houston Ship Channel Natural Gas (Platts IFERC) "Pipe" Options APK EF GZ
      MichCon Natural Gas (Platts IFERC) Basis Options A4W EF GZ
      Natural Gas Options on Calendar Futures Strip A6J EF GZ
      Natural Gas Options on Summer Futures Strip A4D EF GZ
      Natural Gas Options on Winter Futures Strip A6I EF GZ
      NGPL Mid-Con Basis (Platts IFERC) Options 5G PU GZ
      NGPL TexOk Basis (Platts IFERC) Options 5H PU GZ
      Panhandle Natural Gas (Platts IFERC) "Pipe" Options APU EF GZ
      Panhandle Natural Gas (Platts IFERC) Basis Options A5K EF GZ
      PG&E Citygate Natural Gas (Platts IFERC) "Pipe" Options CW EF GZ
      Rockies Basis (Platts IFERC) Options 5I PU GZ
      Rockies Natural Gas (Platts IFERC) "Pipe" Options AZR EF GZ
      San Juan Natural Gas (Platts IFERC) "Pipe" Options APJ EF GZ
      Short-Term Daily Natural Gas Euro U01-U31 TN GZ
      SoCal Natural Gas (Platts IFERC) "Pipe" Options AZN EF GZ
      SoCal Natural Gas (Platts IFERC) Basis Options A5M EF GZ
      Texas Eastern Zone M-3 Natural Gas (Platts IFERC) Basis Options A5N EF GZ
      Transco Zone 6 "Pipe" (Platts IFERC) Options TZ PU GZ
      Waha Basis (Platts IFERC) Options A5O PU GZ
      Henry Hub Natural Gas Calendar Spread (1 month) Options IAY C2 ON
      Henry Hub Natural Gas Financial Calendar Spread (2 month) Options AG2 EF ON
      Henry Hub Natural Gas Financial Calendar Spread (5 month) Options AG5 EF ON
      Henry Hub Natural Gas Financial Calendar Spread (12 month) Options AG7 EF ON
      Henry Hub Natural Gas Financial Calendar Spread (1 month) Options G4X GN ON
      Henry Hub Natural Gas Financial Calendar Spread (3 month) Options G3B GN ON
      Henry Hub Natural Gas Financial Calendar Spread (6 month) Options G6B GN ON
      Henry Hub Natural Gas Calendar Spread (2 month) Options IB PU ON
      Henry Hub Natural Gas Calendar Spread (3 month) Options AIC PU ON
      Henry Hub Natural Gas Calendar Spread (5 month) Options IE PU ON
      Henry Hub Natural Gas Calendar Spread (6 month) Options IM PU ON
      Henry Hub Natural Gas Calendar Spread (12 month) Options IZ PU ON
      Henry Hub Natural Gas Quadultimate Options HHQ PU ON

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

       

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      Events and Announcements

      iLink Session ID Auto-Deletion Process

      Effective Friday, March 6, CME Group will execute our iLink session ID auto-delete process. All iLink sessions must meet a minimum messaging threshold of 100 messages over three months to exempt themselves from this process. Any iLink session ID with less than 100 messages will be flagged for deletion. For the purposes of this policy, a message is defined as a new order (tag 35-MsgType=D), order cancel/replace request (tag 35=G), order cancel request (tag 35=F), and mass quote (tag 35=i).

      Idle iLink session IDs needlessly consume resources and make load balancing and resource allocation planning more difficult. CME Group is committed to managing session IDs to ensure the best performance on CME Globex for our customers. The iLink session ID auto-delete process helps ensure these resources are managed proactively and consistently across the marketplace.

      With the upcoming iLink Architecture with Market Segment Gateways, CME Group has introduced a new policy for the distribution and management of iLink session IDs. Once the new iLink policy is implemented, Convenience Gateway session IDs (CGW) that do not meet the volume requirement of 100 sides per month will be subject to an iLink session Month Inactivity Charge (MIC) of $100/per session ID.

      Additional information on the new policy is here. Clearing firms should consider this final iLink auto-deletion round an opportunity to delete un-used session IDs.

      An e-mail notification will be distributed to all Firm Admin Dashboard users on Monday, February 2. Class A clearing firms will have four weeks to review their idle session IDs. All idle session IDs will have their password changed and ports closed on Friday, February 27. All idle session IDs will be deleted at the end of the day on Friday, March 6. Details on the process are available online.

      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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      GCC Inbound Contacts

      Starting Monday, November 17, 2014 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.

       

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      New Web Browser Standards

      CME Group is committed to our customers’ information security. To deliver the best security and customer experience, we are implementing the following changes to all CME Group web-based applications and services:

      • Sunday, February 1 – Internet Explorer version 6 will no longer be supported
      • Starting Sunday, April 5 – Only versions of Chrome and Internet Explorer released in the most recent 12-month period will be certified and supported

      Customers are encouraged to make sure they’ve upgraded to the latest versions of Chrome and/or Internet Explorer for the best and most secure experience.

      Affected services may include:


      Services
      • Account Manager
      • AutoCert+
      • Broker to Broker
      • Broker Payment System (BPS)
      • ClearPort GUI
      • CME Core
      • CoLo Portal – Internet Explorer Only
      • CME Positions Systems
      • DataPoint
      • Deliveries Plus System
      • E-Bill
      • Enterprise Reporting Portal (EREP)
      • Exchange Fee System (EFS)
      • FEC, FEC+ and FEC for OTC IRS Firm Admin Dashboard (FADB)
      • Firm Regulatory Portal
      • FirmSoft
      • Galax-C Admin
      • Give-Up Payment System (GPS)
      • Global Repository Services
      • Membership Portal
      • OR Web Report
      • Risk Management GUI Tools – Globex Credit Controls (GC2), Risk Management Interface (RMI)
      • Settlements Firm
      • SmartClick

       

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      CME Group – Messaging Efficiency Program

      The June 2015 Treasury Bond contract will be temporarily excluded from CME Globex Messaging Efficiency Program messaging score calculations from January-February 2015 after which, the June 2015 Treasury Bond contract will be reinserted back into Messaging Efficiency Program messaging score calculations.

      This is in response to the fact that the deliverable grade securities for the June 2015 expiration are significantly different from those of the March 2015 expiration. CBOT had announced the decision to modify the deliverable grade for this contract in December 2013, the detail of which can be found 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.

       

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      iLink Session ID Policy and Operational Guidelines

      As noted in the recent CME Group Customer Forum E-Trading Updates, as a result of the upcoming iLink Architecture with Market Segment Gateways, CME Group plans to introduce a new policy for the distribution and management of iLink session IDs. Please refer to the iLink Session ID Policy and Operational Guidelines available here, which replaces the previously published iLink Session ID Guidelines and provides operational, allocation and distribution information for the CME Globex production environment. It has been updated to include information pertaining to the new Market Segment Gateway (MSGW) iLink architecture and iLink session ID distribution and management policy. Market participants should refer to the CME Globex Notices as to when the MSGW functionality and iLink session ID distribution and management policy will take effect.

      To ease and ensure a successful migration to the revised iLink Session Policy, clearing and executing firms are encouraged to contact their Global Account Manager with any questions.

       

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      CME Globex Notice Survey - Tell Us What You Think

      Help us provide more relevant and meaningful customer information. Please complete a short 5 minute survey on the CME Globex Notices.

      Your valuable input will help identify areas for future enhancement or improvement.

       

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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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