CME Globex Notices: April 13, 2015

Topics in this issue include:

• Critical System Updates
  • CME Globex Performance Enhancements - May 3
  • MDP 3.0 Migration Schedule
  • Drop Copy 4.0 Implementation - Q3 2015
  • New iLink Architecture - Q4 2015
    • New iLink Failover Process - Q3 2015
  • iLink Session ID Policy and Operational Guidelines
• Product Launches
  • Renewable Identification Number Futures - This Week
  • CME Europe Fertiliser Futures - Q2 2015
• Product Changes
  • Delisting of Emission Reduction Unit (ERU) Futures and Options - This Week ^New
  • Energy Future Spreads - May 3 ^New
  • FIX tag Changes for FX Futures - May 10
• Events and Announcements
  • Disaster Recovery (DR) Testing - April 25
  • iLink Session ID Policy and Operational Guidelines
  • Updated Order Routing and Front-End Audit Trail Requirements

Critical System Updates

CME Globex Performance Enhancements

Starting Sunday, May 3, 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.

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MDP 3.0 Migration Schedule

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

Currently, both FIX/FAST and MDP 3.0 are considered to be "Feeds of Record." In case of market data failures, markets may be halted for either FIX/FAST or MDP 3.0 issues. CME Group will review each event individually to determine the best response.

In September 2015, MDP 3.0 will become the sole "Feed of Record" and markets will be halted for MDP 3.0 issues only. After this date, markets will not be halted for only FIX/FAST issues.

CME Group recommends all customers certify for and migrate to MDP 3.0 by September 2015 as the legacy FIX FAST feed will be eliminated in October 2015.

Please Note: There will be no surcharges assessed to customers due to the extended decommission window.

The schedule for implementation of the MDP 3.0 format for the Order Routing Partner Exchanges, BM&FBOVESPA and MexDer (Mercado Mexicano de Derivados) is as follows:

Please Note: AutoCert+ Certification of the MDP 3.0 and Order Routing Partner Exchange (BVMF and MexDer) Test Suites are mandatory prior to receiving Market Data for each Order Routing Partner Exchange.

TAS Pre-Validation

Currently, 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. As of the MDP 3.0 Feed of Record date, only the publishing of the MDP 3.0 Pre-Open state message will be valid for the start of the TAS market and TAS orders can be entered. 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 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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Drop Copy 4.0 Implementation

In Q3 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

An updated version of the client impact assessment is now available. The updates include additional details regarding functionality and messaging in the Drop Copy 4.0 Overview section.

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 Q4 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 Q3 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 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.

The iLink Session ID Policy and Operational Guidelines document has been updated to include additional information pertaining to the iLink session ID Phase 1 and Phase 2 distribution.

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

Renewable Identification Number Futures

Effective this Sunday, April 19 (trade date Monday, April 20), the Renewable Identification Number (RIN) 2015 vintage futures will be listed for trading on CME Globex, open outcry and for clearing submission on CME ClearPort.

These futures are currently available for testing in New Release.

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 will be available for customer testing in New Release on Monday, May 4.

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

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Product Changes

New - Delisting of Emission Reduction Unit (ERU) Futures and Options

On Monday, April 13, the following Emission Reduction Unit (ERU) futures and options were delisted for trading on CME Globex and for clearing submission via CME ClearPort. There is currently no open interest in these products.

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New - Energy Future Spreads

Effective Sunday, May 3 (trade date Monday, May 4), the following energy futures will have calendar spreads, future strips and balance strips listed for trading on CME Globex.

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

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FIX tag Changes for FX Futures

Effective Sunday, May 10 (trade date Monday, May 11), the values in the following FIX tags will be changed for FX futures:

• tag 55-Symbol for FIX/FAST, and
• tag 1151-SecurityGroup for MDP 3.0

These futures will be available for customer testing in New Release on Monday, April 27.

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Events and Announcements

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 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.

The iLink Session ID Policy and Operational Guidelines document has been updated to include additional information pertaining to the iLink session ID Phase 1 and Phase 2 distribution.

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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Updated Order Routing and Front-End Audit Trail Requirements

Starting Tuesday, March 31, all firms responsible for Order Routing and Front-End Audit Trail Requirements (Rule 536.B.) of a trading system accessing CME Globex must recertify their audit trail to ensure full compliance with the new audit trail requirements. Firms must be in compliance of the new Order Routing and Front-End Audit Trail Requirements by Friday, April 1, 2016.

Full information on these changes is available in the Market Regulation Advisory.

The new Audit Trail Requirements is available in the Client Systems Wiki.

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