• Market Data Notices: July 11, 2011

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      • Market Data Distributors
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      • Global Account Management
      • #
      • 20110711
      • Notice Date
      • 11 July 2011
    • Topics in this issue include:
      Critical System Updates
      New Functionality
      Product Launches
      Product Changes
      S&P Launches and Changes
      Events and Announcements
      Critical System Updates

      CBOT and CME Interest Rate Futures Enhancements
      Effective August 2011, a number of enhancements will be introduced for CBOT and CME Interest Rate futures and future spreads on CME Globex.

      CBOT and CME Interest Rate Futures Enhancements

      Product Complex New Release Launch Mock Trading Session Production Launch
      CBOT Interest Rate Futures Now Available July 23 August 7
      CME Interest Rate Futures August 21

      The messaging and functionality impacts are documented online in the  Client Impact Assessment.

      A mock trading session for both CBOT and CME Interest Rate futures will be held on Saturday, July 23. Details on the mock will be made available in the Market Data Notices.

      CME Group recommends all system providers supporting CBOT and CME Interest Rate futures test these changes thoroughly in New Release.

       NEW S&P Indexes via streamlined FIX/FAST
      On Monday, June 13, CME Group launched streamlined FIX/FAST, a new version of the FIX/FAST market data format, optimized for non-actionable price data. The initial launch of streamlined FIX/FAST supports S&P index market data.

      Streamlined FIX/FAST has a   dedicated message specification distinct from the CME Globex Fix/Fast format and a new template.

      Streamlined FIX/FAST does not replace or change any current use of FIX/FAST.

      There is no mandatory certification required for streamlined FIX/FAST. Streamlined FIX/FAST is currently available in Auto-Cert+ within the S&P test suite for customer certification. Certification continues to be required for standard FIX/FAST market data protocol.

      Streamlined FIX/FAST is currently available in New Release for customer testing.

      To ensure S&P customers’ currently receiving ITC 2.1 market data have sufficient time to develop and deploy the streamlined FIX/FAST solution, the ITC 2.1 market data format will continue to be disseminated in parallel with the streamlined FIX/FAST market data until Friday, November 18, 2011. At that time the ITC 2.1 market data will be discontinued. New functionality will only be implemented on streamlined FIX/FAST.

      Detailed information for S&P Indexes via streamlined FIX/FAST is available   online.

      Please note: CME Group recommends customer systems pull the templates from the CME Group ftp site every week, prior to Sunday start.
      New Functionality

       Update MexDer Markets via CME Globex
      Effective Monday, August 1, 2011 (pending regulatory approval) , MexDer, Mercado Mexicano de Derivados markets will be available via CME Globex for iLink order routing. CME Group customers who would like to trade MexDer products must establish all appropriate agreements and accounts to be authorized to trade MexDer products. CME Group customers interested in accessing MexDer products via the CME Globex platform must develop and complete certification for new functionality and messaging specific to MexDer markets.

      MexDer markets via CME Globex are currently available New Release for customer testing.

      The  client impact assessment provides detailed functionality and messaging for customer systems interested in supporting MexDer products via CME Globex.

      A mock trading session will be held on Saturday, July 30. Please contact your  Global Account Manager for further information.
      Product Launches

      Short-term Crude Oil and Natural Gas Options
      Effective this Sunday, July 17 (trade date Monday, July 18), Short-term Crude Oil and Natural Gas options will be listed for trading on CME Globex.

      Short-term Crude Oil and Natural Gas options contracts will have daily expiration dates listed up to five days in advance. Short-term natural gas and crude oil options will run off standard strike prices and the standard front-month futures contract.

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

      Short-Term Daily Crude Oil and Natural Gas Options

      Options tag 1151-SecurityGroup tag 55-Symbol
      Short-term Crude Oil Options CO1-C31 TO
      Short-term Natural Gas Options UO1-U31 TN

      Please view the  New Product Summary.

      Short-term Gold Options
      Effective this Sunday, July 17 (trade date Monday, July 18), Short-term Gold options will be listed for trading on CME Globex platform.

      The Short-term Gold options represent a cost-effective means for professional investors to gain exposure to gold. These new short-term options contracts will have daily expiration dates listed up to five days in advance. Short-term gold options will run off the standard strike prices and the cycle month futures contract.

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

      Short-Term Gold Options

      Options tag 1151-SecurityGroup tag 55-Symbol
      Short-term Gold Options L01-L31 DG

      Please view the  New Product Summary.

      Pine Prairie Energy Center Natural Gas Monthly Basis Futures
      Effective Sunday, July 24 (trade date Monday July 25), the Pine Prairie Energy Center (PPEC) Physically Delivered Natural Gas Monthly Basis Futures (tag 1151-SecurityGroup=PPE, tag 55-Symbol=NJ), will be listed for trading on CME Globex and for submission on CME Clearport.

      This contact is listed with NYMEX and subject to the rules and regulations of NYMEX.

      Please view the  New Product Summary.

      Australian Coking Coal Swap Futures
      Effective Sunday, July 24 (trade date Monday, July 25), CME Group will list Australian Coking Coal (Platts) Swap futures on open outcry and for submission on CME ClearPort.

      This contract is listed with, and subject to, the rules and regulations of NYMEX.

       

      Please view the  New Product Summary.

       NEW Standard-Size USD/RMB (CNY) Futures and E-micro USD/RMB (CNY) Futures
      Effective Sunday, August 21 (trade date Monday, August 22), Standard-Size USD/RMB (CNY) futures and E-Micro USD/RMB (CNY) futures will be listed for trading on CME Globex.

      These innovative new futures contracts will be quoted in interbank (European) terms, reflecting the number of CNY per USD. The Standard-Size USD/RMB (CNY) futures and E-Micro (CNY) USD/RMB futures are aligned with the OTC market convention for non-deliverable forwards while providing the benefits of counterparty risk mitigation from exchange-traded derivatives.

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

      These products will be available for customer testing in New Release on Monday, August 01, 2011.

      Please view the  New Product Summary.
      Product Changes

      Additional Bursa Malaysia Derivative Berhad Crude Palm Oil futures (FCPO) Calendar Spreads
      Effective this Sunday, July 17 (trade date Monday July 18), additional Bursa Malaysia Derivative Berhad Crude Palm Oil future (FCPO) calendar spreads will be listed for trading on CME Globex. With this change, the spot month and the next five consecutive maturities with alternating maturities up to fifteen months will be listed. Currently, additional Bursa Malaysia Derivative Berhad Crude Palm Oil future (FCPO) calendar spreads are listed for the first six maturities all combinations.

      Bursa Malaysia Derivative Berhad Crude Palm Oil futures (FCPO) Calendar Spreads

      Product Tag 1151–SecurityGroup Tag 55–Symbol
      Crude Palm Oil Futures FCPO BC

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

      New Synthetic Futures for Commodity Options on Calendar Spreads
      Effective Sunday, July 24, new synthetic futures will be launched for the following options on calendar spreads:

      New Synthetic Futures for Commodity Options on Calendar Spreads

      Product New Synthetic Futures
      tag 1151-Security Group      		 New Synthetic Futures
      tag 55-Symbol      		 Options
      tag 1151-Security Group
      Consecutive Soybean Meal CSO QM2 08 CZM
      July-Dec Soybean Meal CSO QM6 MC6
      Consecutive Soybean Oil CSO QO2 08 CZL
      July-Dec Soybean Oil CSO QO6 OC6
      Consecutive Soybean CSO SQ2 08 CZS
      July-Nov Soybean CSO SQ5 SZ5
      Jan-May Soybean CSO QS5 SZK
      Nov-July Soybean CSO QS9 SZ9
      Nov-Nov Soybean CSO QS2 12S
      Consecutive Corn CSO QC3 08 CZC
      July-Dec Corn CSO QC6 CZ6
      Dec-July Corn CSO QC8 CZ8
      Dec-Dec Corn CSO QC2 12C
      Consecutive Wheat CSO QW3 08 CZW
      Dec-July Wheat CSO QW6 WC6
      July-Dec Wheat CSO WQ6 WCM
      July-July Wheat CSO QW2 12W

      Settlement prices will be published for the new synthetic future to support customers’ options pricing model.

      The options (tag 1151) will identify the underlying contract in tag 309-UnderlyingSecurityID of the Security Definition (tag 35-MsgType=d) FIX/FAST message.

      The new synthetic futures are currently available in New Release for customer testing.

       NEW Early Listing for December 2012 Wheat Options
      Effective Sunday, July 24 (trade date Monday July 25), CME Group will list the December 2012 maturities in Wheat options.

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

       NEW Expansion of Wheat Serial Options
      Effective Sunday, July 24 (trade date Monday, July 25), the listing cycle for Wheat options (tag 1151-SecurityGroup=OZW, tag 55-Symbol=OW) will be expanded to list three consecutive maturities. Currently, only first two maturities are listed.

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

      Temporary Removal of Eurodollar Calendar Spread Options from CME Globex
      Effective Sunday, July 31, 2011, CME Group will temporarily remove the Eurodollar Calendar Spread options (tag-1151 SecurityGroup=SPO, tag-55 Symbol=8I) from CME Globex only. Further information will be available in forthcoming Market Data notices.
      S&P Launches and Changes

      New S&P Real-time Index
      Effective this Monday, July 18, CME Group will begin disseminating the new index detailed below. This index will be transmitted every 15 seconds.

      New S&P Real-time Index

      Index Name Tag-55
      Symbol      		 MDP
      Ticker      		 Currency Dissemination
      Times      		 Fee
      Liable
      S&P GSCI Inverse Month
      Forward Capped Sector
      Equal Weight Composite
      Index TR      		 SG1IMCET IMC USD 17:00-14:45 CST XF
      S&P Fractional Indicator Change
      Effective this Monday, July 18, the decimal precision for the S&P indexes below will be changed from ITC 2.1 fractional indicator code of 2 to 3.

       

      S&P Fractional Indicator Change

      Index Name Tag-55 Symbol MDP Ticker
      Morgan Stanley Double Long Euro IV URR URR
      Morgan Stanley Double Short Euro IV DRR DRR

       
      Events & Announcements

       NEW CME Globex Disaster Recovery
      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 offers Simulated CME Globex Disaster Recovery (DR) testing which will be held on Saturday, August 13.

      Simulated CME Globex DR testing is designed to ensure customers can successfully failover to the DR environment, send orders and fallback to the production environment in case of an emergency. Customers are required to register   online and in advance to participate. Disaster Recovery IPs and ports have been distributed by your CME Global Account Manager.

      Complete information on the CME Group business continuity program, including Frequently Asked Questions and DR Client Impact Assessment, is available  online.

      The Simulated CME Globex DR testing will begin at 9:30 a.m. CT and conclude at 1:00 p.m. CT. A detailed timeline is available in the   overview.

      For more detailed information on the Simulated CME Globex DR testing, please contact your   Global Account Manager.

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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