CME Globex Notices: March 23, 2015

Topics in this issue include:

• Critical System Updates
  • CME Globex Performance Enhancements - April 5
  • MDP 3.0 Migration
  • Drop Copy 4.0 Implementation - Q2 2015
  • New iLink Architecture - Q3 2015
    • New iLink Failover Process - Q2 2015
  • iLink Session ID Policy and Operational Guidelines
• Product Launches
  • Asia Coal Options - This Week
  • Short-Dated International Coal Calendar Strip Options - This Week
  • LOOP Crude Oil Storage Futures - This Week
  • CME Europe Cocoa Futures - This Week
  • Singapore Fuel Oil Futures - April 12 ^New
  • CME Europe Fertiliser Futures - Q2 2015
• Events and Announcements
  • Messaging Efficiency Program Q2 2015 Benchmarks ^New
  • GCC Inbound Contacts - This Tuesday
  • Good Friday Holiday Trading Schedule - April 3
    • Good Friday Holiday Settlement Times
  • New Web Browser Standards - April 5
  • Disaster Recovery (DR) Testing - April 25
  • iLink Session ID Policy and Operational Guidelines

Critical System Updates

New - CME Globex Performance Enhancements

Starting Sunday, April 5, 2015, CME Group will implement an enhancement to futures and options markets on the CME Globex platform. In internal testing, these enhancements reduced latency on CME Globex 5% for futures markets and 10% for options on futures.

There will be no changes to functionality or messaging format with these performance improvements. Good 'Till Cancelled and Good 'Till Date (GTC/GTD) orders will not be impacted.

This launch will be phased in as follows:

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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 functional and message specifications provide detailed functionality and messaging information.

Please note: The URLs for the functional and message specifications above have changed, and the Client Impact Assessment has been removed from the Client Systems Wiki.

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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Drop Copy 4.0 Implementation

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 is available in New Release for customer testing. A new Drop Copy 4.0 certification suite is available in AutoCert+. 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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New iLink Architecture

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

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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Product Launches

Asia Coal Options

Effective Sunday, March 29 (trade date Monday, March 30), Asia Coal options will be listed for trading on CME Globex, open outcry, and clearing submission via CME ClearPort.

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

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

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Short-Dated International Coal Calendar Strip Options

Effective this Sunday, March 29 (trade date Monday, March 30), Short-Dated International Coal Calendar Strip options will be listed for trading on CME Globex, open outcry, and clearing submission via CME ClearPort.

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

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

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LOOP Crude Oil Storage Futures

Effective this Sunday, March 29 (trade date Monday, March 30), the following Crude Oil futures will be listed for trading on CME Globex and for clearing submission on CME ClearPort.

This new contract will provide market participants with an innovative, exchange-traded futures contract based on crude oil storage capacity at LOOP's Clovelly Hub in Louisiana, beginning with the May 2015 contract month. Each futures contract will represent the right to store 1,000 barrels of crude oil at the hub for a specific calendar month.

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

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

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CME Europe Cocoa Futures

Effective this Monday, March 30, CME Europe will list the following Cocoa futures for trading on CME Globex and for clearing submission via CME ClearPort.

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

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New - Singapore Fuel Oil Futures

Effective Sunday, April 12 (trade date Monday, April 13), the following Singapore Fuel Oil (Platts) Brent Crack Spread (1000mt) futures will be listed for trading on CME Globex, open outcry, and clearing submission via CME ClearPort.

These futures will be available for customer testing in New Release on Monday, March 30.

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

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CME Europe Fertiliser Futures

In Q2 2015, pending regulatory product approval, CME Europe will list the following Fertiliser futures for trading on CME Globex and clearing submission via CME ClearPort.

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

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

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Events and Announcements

New - Messaging Efficiency Program Q2 2015 Benchmarks

The Q2 2015 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available online. No changes were made to any of the Q2 2015 Product Group Benchmarks vs. Q1 2015 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.

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GCC Inbound Contacts

As of 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.

Users must register for a SMART Click ID and must be able to provide it when calling the GCC for assistance.

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 one (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:

• Effective Sunday, February 1 – Internet Explorer version 6 is no longer 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 have upgraded to the latest versions of Chrome and/or Internet Explorer for the best and most secure experience.

Affected services may include:

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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 will offer CME Globex and Clearing Disaster Recovery (DR) Failover testing, which will be held on Saturday, April 25.

The CME Group DR Failover test is designed to ensure customers can successfully connect to our DR environment, send orders and fallback to the production environment in case of an emergency. On April 25, our systems will run out of our DR data center. Firms are invited to connect to us via their DR or production systems. Customers are required to register online and in advance to participate.

The CME Group DR Failover testing will begin at 8:00 a.m. Central Time (CT) and conclude at 2:00 p.m. (CT). A detailed timeline is available in the overview.

If customers are unable to participate in the April 25 testing, CME Group will participate in the FIA industry test that will be held in October.

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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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