CME Market Data Notices: August 1, 2011

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

• New Phone Spread Trades for Select CBOT Trading Floor Contracts - August 14

• Micro Crude Oil and Micro Brent Crude Oil Futures - This Week
• PJM West Hub RT Same Day Option Contract - August 21
• Standard-Size USD/RMB (CNY) Futures and E-micro USD/RMB (CNY) Futures - August 21
• GreenX California Carbon Allowance Futures - September 11
• 3-Month Euribor Futures on CME Globex - October 2

• Green Exchange Sulfur Dioxide and Nitrogen Oxide Products Delisting - August 12
• 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

• New S&P Real-time Index - This Week
• Discontinued S&P Real-time Index - August 12

• 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.

Please Note: For the August 7 launch, customers are asked to please cancel all Good ‘Till Cancel (GTC) and Good 'Till Date (GTD) orders for CBOT Interest Rate futures and futures spreads after their respective closes this Friday, August 5. After 16:30 CT on Friday, August 5, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC). GTC and GTD orders may be re-entered during an extended pre-open period on Sunday, August 7, 15:00 – 17:30 CT. If you have any questions, please contact the CME Globex Control Center at 312.456.2391 or in Europe at 44.20.7623.4708.

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.

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

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

Micro Crude Oil and Micro Brent Crude Oil Futures
Effective this Sunday, August 7 (trade date Monday, August 8), Micro Crude Oil futures (MCL) and Micro Brent Crude Oil futures (MBZ) will be listed for trading on NYMEX and submission for trading through CME ClearPort.

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

Please view the  New Product Summary.

 PJM West Hub RT Same Day Option Contract
Effective Sunday, August 21 (trade date Monday, August 22), NYMEX will list an electricity option contract, PJM West Hub RT Same Day Option available for trading on open outcry and clearing through CME ClearPort.

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

Please view the  New Product Summary..

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 are currently available in New Release for customer testing.

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.

Please view the  New Product Summary.

 3-Month Euribor Futures on CME Globex
Effective Sunday, October 2 (trade date Monday, October 3),  3-Month Euribor futures will be listed for trading on CME Globex.

Euribor futures will leverage the global distribution of CME Globex, offering fast and efficient access to the world’s most liquid interest markets. These futures will also provide the marketplace with tools for managing global interest rate exposure.

This contract will be listed with, and subject to, the rules and regulations of CME.

These products will be available for customer testing in New Release on Wednesday, September 12.

  Green Exchange Sulfur Dioxide and Nitrogen Oxide Products Delisting
Effective Friday, August 12, the following Green Exchange Sulfur Dioxide and Nitrogen Oxide products will be delisted.

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 this 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 this Monday, August 8.

 Discontinued S&P Real-time Index
Effective Friday, August, 12, at the close of business the following S&P Index will be discontinued:

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.