Topics in this issue include:
Starting this 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.
CME Globex Performance Enhancements | ||
---|---|---|
Tag1300-MarketSegmentID | Market Segment | Production launch |
50 | CME Eurodollar options | May 3 |
68 | CME Equity futures excluding E-mini S&P | |
76 | NYMEX and COMEX Metals and Alternative Market futures | |
56 | NYMEX and COMEX options | May 10 |
60 | CBOT Commodity and Equity options | |
62 | CME FX futures | |
66 | CBOT Equity futures | |
78 | NYMEX Non-Crude Energy futures | |
52 | CME FX options | May 17 |
54 | CME Equity options | |
58 | CBOT Treasury options | |
64 | CME E-mini S&P 500 futures | |
70 | CME Commodity futures | |
72 | CBOT Commodity futures | |
74 | Hosted Partner Exchange markets and NYMEX Emissions futures | May 31 |
80 | NYMEX Crude Energy futures | |
82 | CME Eurodollar futures | |
84 | CBOT Treasury futures | |
86 | CME Europe futures |
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.
Important Dates | |
---|---|
MDP 3.0 Sole Feed of Record – All Channels | September 2015 |
All FIX/FAST Channels Decommissioned | 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:
Environment | BVMF | MexDer |
---|---|---|
New Release | July 2015 | August 2015 |
AutoCert+ Test Suite Available | August 2015 | September 2015 |
Production Parallel | August 2015 | September 2015 |
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.
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:
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:
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.
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:
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.
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.
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.
Effective Sunday, May 17 (for trade date Monday, May 18), a new Treasury Bond vs. Ultra Treasury Bond futures implied intercommodity spread will be listed on CME Globex with a 1:1 ratio. The current Treasury Bond vs. Ultra Treasury Bond futures implied intercommodity spread with a 6:5 ratio and FIX/FAST and iLink: tag 107-SecurityDesc/MDP 3.0 tag 55-Symbol=BOB 06-05 M5 will continue to be available.
New Implied Intercommodity Spread for Treasury Bond vs. Ultra 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 |
FIX/FAST and iLink: tag 107-SecurityDesc MDP 3.0 tag 55-Symbol |
Treasury Bond vs. Ultra Treasury Bond Futures Implied Intercommodity Spread | BUB | IV | BUB 01-01 M5 |
The new implied intercommodity spread will be available in New Release for customer testing on Monday, May 4.
These products are listed on, and subject to, the rules and regulations of CBOT.
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.
CME Europe Fertiliser 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 Futures | FNE | FE |
UAN FOB NOLA Futures | FUE | FE |
DAP FOB NOLA Futures | FLE | FE |
DAP FOB Tampa Futures | FTA | FE |
Urea (Granular) FOB Egypt Futures | FEY | FE |
Urea (Prilled Bulk) FOB Yuzhny Future | FKE | FE |
Urea (Granular) FOB Middle East Futures | FME | FE |
Urea (Prilled) FOB China Futures | FCE | FE |
These products will be available for customer testing in New Release on Monday, May 18.
These contracts are listed on, and subject to, the rules of UK RIE CME Europe Ltd.
Effective this Sunday, May 3 (trade date Monday, May 4), the listing cycle for the following refined petroleum futures will be expanded to the current year and the next two years on CME Globex, open outcry and submission for clearing via CME ClearPort. Currently, the listing cycle is the current year and the next year.
Listing Cycle Change for Refined Petroleum Products | |||
---|---|---|---|
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 |
|
Mini ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures | MGN | CP | |
ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures | ATP | RF |
These changes are currently available in New Release for customer testing.
These products are listed on, and subject to, the rules and regulations of NYMEX.
Effective this 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.
Energy Future 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 |
WTI Financial Futures | CSX | PT | SP (Calendar) FS (Future Strips) SB (Balance Strip) |
Brent Financial Futures | CY | PT | SP (Calendar) FS (Future Strips) SB (Balance Strip) |
These changes are currently available for customer testing in New Release.
These products are listed on, and subject to, the rules and regulations of NYMEX.
Effective Sunday, May 10 (trade date Monday, May 11), the circuit breaker monitoring period will be reduced for certain CBOT Interest Rates, CME FX, and NYMEX/COMEX Metals futures and options, pending regulatory review periods. For additional details, please refer to Special Executive Reports (SERs) 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) and 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 (tag 1149-HighLimitPrice and 1150-LowLimitPrice), from any of the following messages:
If you have any questions, please contact the CME Global Command Center in U.S. at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010.
† Denotes update to the article
Effective Sunday, May 10 (trade date Monday, May 11), the values in the following FIX tags will be changed for FX futures:
FIX tag Changes for FX 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 |
AUD/CAD futures & calendar spreads | ACD | 6A | F2 |
AUD/JPY futures & calendar spreads | AJY | 6A | F3 |
AUD/NZD futures & calendar spreads | ANE | 6A | F4 |
GBP/JPY futures & calendar spreads | PJY | 6B | F5 |
GBP/CHF futures & calendar spreads | PSF | 6B | F6 |
CAD/JPY futures & calendar spreads | CJY | 6C | F7 |
EUR/TRY futures & calendar spreads | TRE | 6E | FL |
EUR/AUD futures & calendar spreads | EAD | 6E | FK |
EUR/CAD futures & calendar spreads | ECD | 6E | FG |
EUR/NOK futures & calendar spreads | ENK | 6E | FM |
EUR/SEK futures & calendar spreads | ESK | 6E | FS |
EUR/CHF futures & calendar spreads | RF | 6E | FF |
EUR/CHF (American) Cross Rate options | RF | 6E | 8C 8D (UDS) |
EUR/GBP futures & calendar spreads | RP | 6E | FB |
EUR/GBP (American) Cross Rate options | RP | 6E | 8E 8F (UDS) |
EUR/JPY futures & calendar spreads | RY | 6E | FJ |
EUR/JPY (American) Cross Rate options | RY | 6E | 8H 8J (UDS) |
CHF/JPY futures & calendar spreads | SJY | 6S | FY |
CZK/EUR futures & calendar spreads | ECK | CZ | FQ |
CZK/EUR (American) Cross Rate options | ECZ | CZ | 8A 8B (UDS) |
HUF/USD futures & calendar spreads | HUF | NU | FH |
HUF/USD options | HFO | NU | 8K 8L (UDS) |
PLN/EUR futures & calendar spreads | EPZ | PN | FP |
PLN/EUR (American) Cross Rate options | EPL | PN | 8M 8N (UDS) |
RMB/USD futures & calendar spreads | RMB | RM | F8 |
USD/RMB Futures | CNY | RM | F8 |
Daily E-micro USD/RMB Futures | MNY | RM | F8 |
RMB/USD options | RMB | RM | 0R 0P (UDS) |
RMB/USD Weekly options | RB1-RB5 | RM | 0R 0P (UDS) |
RMB/EUR futures & calendar spreads | RME | RM | F9 |
RMB/EUR (American) Cross Rate options | RME | RM | 8O 8P (UDS) |
RMB/EUR (American) Cross Rate Weekly options | RE1-RE5 | RM | 8O 8P (UDS) |
These futures will be available for customer testing in New Release on Monday, April 27.
To better meet market needs, dairy futures strips on CME Globex will be traded at the average of the leg prices; currently, dairy futures strips are traded at the sum of the leg prices.
To facilitate this new trading convention, effective Sunday, May 10 (trade date Monday, May 11), the following dairy strips will be delisted from CME Globex:
Dairy Futures Strips Change | |||
---|---|---|---|
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 |
Cash-Settled Butter Futures | CB | CB | FS (Future Strips) |
Non-Fat Dry Milk Futures | GNF | DC | FS (Future Strips) |
Class III Milk Futures | DC | DC | FS (Future Strips) |
Class IV Milk Futures | GDK | DC | FS (Future Strips) |
Cash-Settled Cheese Futures | CSC | DY | FS (Future Strips) |
Dry Whey Futures | DY | DY | FS (Future Strips) |
These strips will be delisted in New Release for customer testing Monday, May 4.
Effective Sunday, May 17 (trade date Monday, May 18), the following dairy average price strips spreads will be listed for trading on CME Globex for all possible leg combinations up to 18 legs:
Futures Strip Spreads for Dairy 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 |
Cash-Settled Butter Futures | CB | CB | SA (Average Price Strip) |
Non-Fat Dry Milk Futures | GNF | DC | SA (Average Price Strip) |
Class III Milk Futures | DC | DC | SA (Average Price Strip) |
Class IV Milk Futures | GDK | DC | SA (Average Price Strip) |
Cash-Settled Cheese Futures | CSC | DY | SA (Average Price Strip) |
Dry Whey Futures | DY | DY | SA (Average Price Strip) |
These changes will be available in New Release for customer testing on Monday, May 11.
These contracts are listed on, and subject to, the rules and regulations of CME.
Effective Sunday, May 17 (trade date Monday, May 18), the non-reviewable range for 30-Day Federal Funds futures will be modified for the first 12 maturities. The non-reviewable range for maturities 13-36, will remain at 5.0 basis points.
Modified Non-Reviewable Range for 30-Day Federal Fund 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 |
Non-Reviewable Range (Current) |
Non-Reviewable Range (New) |
30-Day Fed Funds Futures | ZQ | ZQ | 5.0 basis points | 2.5 basis points |
The non-reviewable range for every CME Globex product is defined in the CME Globex Product Reference and table 588.H of the rulebook.
These changes will be available for customer testing in New Release on Monday, May 4.
These contracts are listed on, and subject to, the rules and regulations of CBOT.
Effective Sunday, May 17 (trade date Monday, May 18), the last trade date (LTD) rules for the following monthly electricity futures will be modified. With this change, positions in the monthly contracts will terminate trading prior to the start of the contract month and positions in the monthly contracts will automatically convert into a strip of corresponding daily contracts. Currently, the last day of trading for these monthly cash-settled contracts is the last business day of the contract month.
Monthly-to-Daily Conversion for Power Futures | ||||||
---|---|---|---|---|---|---|
Monthly Futures | FIX/FAST and iLink: tag 1151-Security Group MDP 3.0: tag 6937-Asset |
FIX/FAST and iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
New Last Trade Date | Daily Futures | FIX/FAST and iLink: tag 1151-Security Group MDP 3.0: tag 6937-Asset |
FIX/FAST and iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
PJM AEP Dayton Hub Day-Ahead LMP Peak Calendar-Month 5 MW Futures | D7L | PW | Second to last business day of the month preceding the contract month | PJM AEP Dayton Hub Day-Ahead Peak Calendar-Day 5 MW Futures | PAL | PW |
PJM AEP Dayton Hub Day-Ahead Off-Peak Calendar-Month 5 MW Futures | R7L | PW | Second to last business day of the month preceding the contract month | PJM AEP Dayton Hub Day-Ahead Off-Peak Calendar-Day 5 MW Futures | PEL | PW |
MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Peak Calendar-Month 5 MW Futures | H5L | PW | Second to last business day of the month preceding the contract month | MISO Indiana Hub Day-Ahead Peak Calendar-Day 5 MW Futures | PDL | PW |
MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Off-Peak Calendar-Month 5 MW Futures | K2L | PW | Second to last business day of the month preceding the contract month | MISO Indiana Hub Day-Ahead Off-Peak Calendar-Day 5 MW Futures | FAL | PW |
MISO Indiana Hub (formerly Cinergy Hub) 5 MW Peak Calendar-Month Real-Time Futures | AH3 | ZZ | Last business day of the month preceding the contract month | MISO Indiana Hub Real-Time Peak Calendar-Day 5 MW Futures | PTL | PW |
MISO Indiana Hub (formerly Cinergy Hub) Real-Time Off-Peak Calendar-Month 5 MW Futures | EJL | PW | Last business day of the month preceding the contract month | MISO Indiana Hub Real-Time Off-Peak Calendar-Day 5 MW Futures | FTL | PW |
Ontario Peak Calendar-Month Futures | OMM | ZZ | Last business day of the month preceding the contract month | Ontario Peak Calendar-Day Futures | OPO | ZZ |
Ontario Off-Peak Calendar-Month Futures | OFF | ZZ | Last business day of the month preceding the contract month | Ontario Off-Peak Calendar-Day Futures | OOD | ZZ |
This change will be available in New Release for customer testing on Monday, May 4.
These contracts are listed on, and subject to, the rules and regulations of NYMEX.
Effective Sunday, May 17 (trade date Monday, May 18), the listing cycle for Copper TAS will expand to list a second active maturity on CME Globex. Currently, there is only one active maturity listed.
Second TAS Month on Copper 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 |
Copper TAS Futures | HGT | HT |
This change will available in New Release for customer testing on Monday, May 4.
These contracts are listed on, and subject to, the rules and regulations of COMEX.
Effective Sunday, May 17 (trade date Monday, May 18), additional Eurodollar calendar spreads will be listed on CME Globex as follows:
Additional Eurodollar Calendar Spreads | |||
---|---|---|---|
Product | FIX/FAST and iLink: tag 1151-Security Group MDP 3.0: tag 6937-Asset |
FIX/FAST and iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
tag 762-SecuritySubType |
Eurodollar Futures | GE | GE | SP (Standard Calendar Spread) |
This change will be available in New Release for customer testing on Monday, May 4.
These contracts are listed on, and subject to, the rules and regulations of CME.
Effective Sunday, May 31 (trade date Monday, June 1), the values in the following FIX tags will be changed for Cocoa Financial futures:
FIX tag Changes for Cocoa Financial 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) |
FIX/FAST and iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group (New) |
Cocoa Financial Futures | CCC | JX | EC |
This change will be available in New Release for customer testing on Monday, May 18.
Effective Sunday, May 17 (trade date Monday, May 18 ), to facilitate more precise trading during the roll periods, the following treasury ratio calendar spreads will be listed for trading on CME Globex.
Treasury Ratio Calendar Spreads | ||||
---|---|---|---|---|
Product | FIX/FAST and iLink: tag 1151-Security Group MDP 3.0: tag 6937-Asset |
FIX/FAST and iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group |
Tag 762-SecuritySubType | Tag 623-LeqRatioQty |
Ultra U.S. Treasury Bond Reduced-Tick Ratio Calendar Spread | UBX | ZU | RT | Front Leg:98 Back Leg: 99 |
30-Year Treasury Bond Reduced-Tick Ratio Calendar Spread | ZBX | ZB | RT | Front Leg:98 Back Leg: 99 |
10-Year Treasury Note Reduced-Tick Ratio Calendar Spread | ZNX | ZN | RT | Front Leg:99 Back Leg: 98 |
5-Year Treasury Note Calendar Spread | ZFX | ZF | SP | Front Leg:99 Back Leg: 98 |
2-Year Treasury Note Ratio Calendar Spread | ZTX | ZT | SP | Front Leg:98 Back Leg: 99 |
These spreads will not be implied nor SLEDS eligible.
These ratio spreads will be listed alongside the current 1:1 SP and RT calendar spreads but with a unique product code. Customers must leverage tag 623-LegRatioQty to determine the leg multiplier.
These ratio calendar spreads will be available in New Release for customer for testing on Monday, May 4.
These contracts are listed on, and subject to, the rules and regulations of CBOT.
Effective Sunday, June 21 (trade date Monday, June 22), and pending all relevant CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will reduce the minimum tick increment of the Japanese Yen/U.S. Dollar (JPY/USD) futures contract from $0.000001 to $0.0000005. With this change, tag 969-MinPriceIncrement will be modified as follows:
Minimum Tick Increment Change to Japanese Yen/U.S. Dollar (JPY/USD) 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 969-MinPriceIncrement (Current) |
tag 969-MinPriceIncrement (New) |
tag 9787-DisplayFactor |
Japanese Yen/U.S. Dollar (JPY/USD) futures | 6J | 6J | 1 | .5 | 0.000001 |
To facilitate these changes, customers are asked to cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for the impacted futures contract after their close on Friday, June 19. After 16:00 CT on Friday, June 19, all remaining GTC and GTD orders for these futures will be cancelled by the CME Global Command Center (GCC).
These changes will be available in New Release for customer testing on Monday, May 18.
These contracts are listed on, and subject to, the rules and regulations of CME.
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.