Market Data Notices: July 25, 2011

• CBOT and CME Interest Rate Futures Enhancements - August 2011
• S&P Indexes via Streamlined FIX/FAST - November 18

• MexDer Markets via CME Globex - This Week
• New Phone Spread Trades for Select CBOT Trading Floor Contracts - August 14

• Standard-Size USD/RMB (CNY) Futures and E-micro USD/RMB (CNY) Futures - August 21
• GreenX California Carbon Allowance Futures - September 11

• Hurricane Settlements & Activations - This Week
• New Synthetic Futures for Commodity Options on Calendar Spreads - This Week
• Temporary Removal of Eurodollar Calendar Spread Options from CME Globex - This Week
• Expansion of the New York Harbor Ultra-Low Sulfur Diesel (ULSD) Futures - August 21
• Expansion of New York Harbor No. 2 Heating Oil Futures and Options - August 21

• Extended S&P Indexes Dissemination Times
• New S&P Real-time Index - This Week
• S&P Fractional Indicator Change - This Week

• CME Globex Disaster Recovery - August 13

  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.

In internal testing environments, the enhancements for CBOT Interest Rate futures have resulted in significantly reduced message response times. Already among the fastest in the industry, this upgrade is expected to reduce iLink and FIX/FAST response times by an average of 40-60%. As a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 60%. Response time estimates for CME Interest Rate futures will be published in the Market Data Notices when available.

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

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

S&P Indexes via streamlined FIX/FAST
On Monday, June 13, 2011, 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.

  MexDer Markets via CME Globex
Effective this Monday, August 1, 2011, 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. Market data is currently in production.

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 the MexDer market.

MexDer markets via CME Globex are currently available in 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 for eligible customers will be held on Saturday, July 30. Please contact your  Global Account Manager for further information.

New Phone Spread Trades for Select CBOT Trading Floor Contracts
On April 11, 2011, phone trade spread reporting was re-introduced for select open outcry products using ITC 2.1 Category Code A “Bid/Ask/Trade - No Volume”, with a Price Indicator Code X “Changing Transaction.”

Effective Monday, August 15, 2011, phone trade spread reporting that uses ITC 2.1 Specifications Price Indicator X Changing Transaction will be allowed for specific open outcry products.

Products allowed on phone trades:

• Mini-sized Corn - YC
• Mini-sized Soybeans - YK
• Mini-sized Wheat - YW

A ticker test will be held on this Friday, July 29 at 6:45 p.m. Central Time.

Sample ITC 2.1 Message:
aB   Lt C00000211450010Rb RTH SPRD            SP02E 0000011+TX0000012AF
YK  Q11BQ11                  F YK  U11DU11                  c

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 this Monday, August 01, 2011.

Please view the  New Product Summary.

  GreenX California Carbon Allowance Futures
Effective Sunday, September 11 (trade date Monday, September 12), the Green Exchange California Carbon Allowance (CCA) futures will be listed for trading on CME Globex.

The contract size for California Carbon Allowance Futures will be 1,000 metric tons CO₂ equivalent. These contracts will be listed on an annual expiration cycle for the December 2012, December 2013 and December 2014 contract months.

These contracts are listed with, and subject to, the rules and regulations of GreenX. All transactions will be available for clearing through CME Clearing.

This will be available for customer testing in New Release on Monday, August 29, 2011.

Please view the  New Product Summary.

  Hurricane Settlements and Activations
On Friday, July 22, coverage was suspended by the National Hurricane Center for Tropical Storm Bret, the second named storm of the season, and Tropical Storm Cindy, the third named storm of the season.

Trading in HX2, X22, HP2, P22, HX3, X32, HP3 and P32 will terminate this Friday, July 29, at 9:00 AM.

The final settlement values are as follows:

• 0.0 for HX2 (for CME Hurricane Index futures & options on Tropical Storm Bret)
• 0.0 for X22 (for CME Hurricane Index Binary Contract on Tropical Storm Bret)
• 0.0 for HP2 (for CME Hurricane Index Cat-In-A-Box futures & options on Tropical Storm Bret)
• 0.0 for P22 (for CME Hurricane Index Cat-In-A-Box Binary Contract on Tropical Storm Bret)
  
   
• 0.0 for HX3 (for CME Hurricane Index futures & options on Tropical Storm Cindy)
• 0.0 for X32 (for CME Hurricane Index Binary Contract on Tropical Storm Cindy)
• 0.0 for HP3 (for CME Hurricane Index Cat-In-A-Box futures & options on Tropical Storm Cindy)
• 0.0 for P32 (for CME Hurricane Index Cat-In-A-Box Binary Contract on Tropical Storm Cindy)

At this time, there is no open interest in any of the futures or options for HX2, X22, HP2, P22, HX3, X32, HP3 and P32.

In addition, the next contract in all four sequences should be listed for trading on this Friday, July 29:

• HX5 (for CME Hurricane Index futures & options on Hurricane Emily)
• X52 (for CME Hurricane Index Binary Contract on Hurricane Emily)
• HP5 (for CME Hurricane Index Cat-In-A-Box futures & options on Hurricane Emily)
• P52 (for CME Hurricane Index Cat-In-A-Box Binary Contract on Hurricane Emily)
  
   
• HX6 (for CME Hurricane Index futures & options on Hurricane Franklin)
• X62 (for CME Hurricane Index Binary Contract on Hurricane Franklin)
• HP6 (for CME Hurricane Index Cat-In-A-Box futures & options on Hurricane Franklin)
• P62 (for CME Hurricane Index Cat-In-A-Box Binary Contract on Hurricane Franklin)

  New Synthetic Futures for Commodity Options on Calendar Spreads
Effective this Sunday, July 31, new synthetic futures will be launched for the following options on calendar spreads:

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.

Temporary Removal of Eurodollar Calendar Spread Options from CME Globex
Effective this Sunday, July 31, 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.

  Expansion of the New York Harbor Ultra-Low Sulfur Diesel (ULSD) Futures
Effective Sunday, August 21 (trade date Monday, August 22), the listing cycle for New York Harbor Ultra-Low Diesel futures (tag 1151-SecurityGroup=CL, tag 55-Symbol=LH) will be expanded to list the current year and the next four consecutive calendar years plus one additional month. The listing currently includes maturities through January 2013.

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

This additional listings will be available in New Release for customer testing on Monday, August 8.

  Expansion of New York Harbor No. 2 Heating Oil Futures and Options
Effective Sunday, August 21 (trade date Monday, August 22), the listing cycle for New York Harbor No.2 Heating Oil futures and options, will be expanded to list through April 2013 and discontinued thereafter. The current rule is to only list maturities through January 2013.

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

This additional listings will be available in New Release for customer testing on Monday, August 8.

  Extended S&P Indexes Dissemination Times
On Monday, June 13, 2011, CME Group launched S&P Indexes via streamlined FIX/FAST and began disseminating S&P Indexes during the following Universal Times (UTC).

Extended Hours Weekly Schedule (UTC):

• Open 5:00 Sunday and Close 16:30 Sunday
• Open 19:00 Sunday and disseminate until Friday at 23:00
• Open 5:00 Saturday and Close 16:30 Saturday

The following S&P Indexes are currently disseminated on extended hours:

Effective Monday, August 8, CME Group will begin disseminating the new indexes detailed below. These indexes will be transmitted every 15 seconds.

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.

Please Note: Clearing production will be available for firms to test end-to-end and view trades via the Front End Clearing (FEC) portal.

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.