Market Data Notices: July 09, 2012

FIX/FAST Operators Release
 

The life cycle of the FIX/FAST protocol, including streamlined FIX/FAST, is rapidly approaching its end as an industry standard in the United States. †The OPRA connected exchanges are eliminating FIX/FAST entirely by the end of this year. Given the increased availability of bandwidth as well as high speed connections such as co-location, compression has become less critical. In the short term, we are removing certain field operators (copy, default, delta and increment) from our data feed. In the longer term, CME Group continues to evaluate a next generation market data protocol.

These operators will be removed from all production FIX/FAST and streamlined FIX/FAST channels on the Market Data Platform by Sunday, November 4, 2012. A detailed schedule of the remaining channels is now available  online.

New templates will be required for the impacted channels. Per the normal process, the new templates are currently available on the CME Group ftp site for New Release and Production, along with the current and last generation templates. More information on template management is available in the  Client Systems Wiki.

Please Note: CME Group recommends customer systems pull the templates from the CME Group ftp site every week, prior to Sunday startup.

These changes are currently available on all FIX/FAST channels in the New Release environment.

As a result of this launch, bandwidth utilization over the Market Data Platform will ultimately increase. CME Group is contacting customers who may have over-subscription risk.

†Please note: CME Group is not a member of the Options Pricing Reporting Authority (OPRA).

CME Globex Performance Release
New information is now available in the  Client Impact Assessment on the move to single IP for iLink sessions in the production and disaster recovery environments. Information on the iLink launch date for the Disaster Recovery environment on November 4, 2012, is also available.

This release also features iLink messaging changes. Detailed information on this launch, including impacts and launch schedules, is available in the  Client Impact Assessment.

The FIX/FAST launch will be phased in over 5 weekends, August 26 through October 7, during which the source IPs for each channel will change. The iLink launch will feature an Early Adopter period, October 7 through October 12, and a production launch Sunday, October 14. All iLink sessions must migrate to new IPs and ports in order to access the new high performance production environment.

Customers who wish to participate during the Early Adopter phase must select the sessions that will be migrated and inform their  Global Account Manager no later than Wednesday, October 3. Please note: To minimize the risk of business interruptions, CME Group strongly recommends that customers participating during the early adopter phase direct no more than 20% of their sessions to the new IPs and ports.

Customer certification is not required, but CME Group strongly recommends all system providers test these changes thoroughly in New Release. Good 'Till Cancelled and Good 'Till Date (GTC/GTD) orders will not be impacted.

Please contact your  Global Account Manager with any questions or concerns at 312 634 8700, in Europe at 44 203 379 3754, or in Asia at 65 6593 5574 for additional information.

Streamlined FIX/FAST Enhancements for S&P Indices
Effective Sunday, August 19 (Monday, August 20), the following enhancements will be introduced for streamlined FIX/FAST to support the distribution of enhanced S&P Indices market data.

• News (35=B) Message
• Security Definition Request (35=c) Message
• Security Definition (35=d) Message

Streamlined FIX/FAST market data is currently available in New Release for customer testing. The enhanced AutoCert+ Test Suite will be available for certification on Monday, July 23, 2012.

Please Note: CME Group recommends all system providers supporting S&P Indices market data to test these enhancements thoroughly in New Release and complete certification in AutoCert+.

Detailed information on enhanced S&P Indices market data via streamlined FIX/FAST is available   online.

In addition, CME Group will remove certain field operators (copy, default, delta, and increment) from the streamlined FIX/FAST feed for the S&P Indices on Market Data Platform (MDP) Channel 150. The new templates will be available for Production on Sunday, July 29, 2012.

 OTC Daily Market Data via Streamlined FIX/FAST
Effective Monday, August 20, 2012, CME Group will begin disseminating daily market data on over-the-counter (OTC) markets via streamlined FIX/FAST. OTC products are comprised of forwards and swaps that trade off-exchange and are centrally cleared through the CME Clearing House. Key information provided on OTC daily market data via streamlined FIX/FAST includes cleared volume, open interest, and pricing (settlements and curves) across Agriculture, Credit, Energy, and Metals asset classes.

• Cleared OTC Credit Default Swaps (CDS) – Complete list of clearing codes are available  online.
• Cleared OTC London Gold Forwards – clearing codes GB, GBC
• S&P-GSCI Excess Return Index Forwards, Swaps and Forward Swaps – clearing codes GCO, GDI, SE2, SE3, SES
• Dow Jones (DJ)-UBS Commodity Index (UBSCI) Swap and Excess Return Index Forward Swaps – clearing codes DG2, DG3, DGS

Detailed information for OTC daily market data via streamlined FIX/FAST is available in the  Client Impact Assessment. Streamlined FIX/FAST has a dedicated message specification distinct from the CME Globex FIX/FAST format. More information on streamlined FIX/FAST is available  online.

Bursa Malaysia Derivative Options on Crude Palm Oil Futures (OCPO)
Effective this Sunday, July 15 (trade date Monday, July 16), pending Malaysian Securities Commission approval, Bursa Malaysia Derivative will list options on Crude Palm Oil futures (tag 1151-SecurityGroup=OCPO) for trading on CME Globex.

This product introduces a new format for tag 107-SecurityDesc (Example: OCPOJUL120335000C), as detailed below:

The new option product and naming convention is currently available in New Release for customer testing.

Please note: tag 107-SecurityDesc will remain unchanged for all other Bursa Malaysia Derivative futures and options.

LNG East Asia Index (ICIS Heren) Swap Futures
Effective this Sunday, July 15 (trade date Monday, July 16), LNG East Asia Index (ICIS Heren) Swap futures will be listed on open outcry and submission for clearing through CME ClearPort, pending receipt of required regulatory approvals.

Please view the  New Product Summary.

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

Wheat VIX Cash Index
Effective Monday, July 30, 2012, CME Group will begin disseminating the Wheat VIX Cash Index (Ticker Code:WIV) via the Market Data Platform (MDP) channel 100.

This index will be available for customer testing during the floor ITC ticker test on Friday, July 20 and July 27.

 Apple Juice Concentrate Futures and Options
Effective Sunday, August 12 (trade Monday, August 13),   Apple Juice Concentrate (AJC) futures and options will be available for trading on CME Globex.

These futures will be available in New Release for customer testing on Monday, July 30.

These contacts are listed with, and subject to, the rules and regulations of MGEX.

Expansion of Listings for Nikkei 225 Dollar Futures
Effective this Sunday, July 15 (trade date Monday, July 16), CME Group will expand the listing of Nikkei 225 Dollar futures (tag-1151 SecurityGroup=NKD, tag 55-Symbol=NK) on CME Globex by adding 2 additional quarterly contract months, for a total of 4 quarterly contracts. Currently, only 2 quarterly contracts are listed.

The new future quarterly contracts are currently available in New Release for customer testing.

 Expansion of 4-Year Eurodollar Mid-Curve Options
Effective Sunday, July 22 (trade date Monday, July 23), the listing cycle for the 4-Year Eurodollar Mid-Curve options (tag 1151-Security Group=GE4, tag 55-Symbol=E4) (Open Outcry=E4) will be expanded by adding the following serial months:

• August 2012
• October 2012

These additional maturities will be available in New Release for customer testing on Monday, July 16.

With this change, the listing cycle will be four quarterly contracts plus two additional serial months.

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

Discontinued S&P Real-time Index
Effective this Friday, July 13, at the close of business the following S&P Index will be discontinued.

New S&P Real-time Indexes
Effective this Monday, July 16, CME Group will begin disseminating the following indexes detailed below. These indexes will be transmitted every 15 seconds.

 Discontinued S&P Real-time Indexes
Effective Friday, July 20, at the close of business the following S&P Indexes will be discontinued.

 New S&P Real-time Index
Effective Monday, July 23, CME Group will begin disseminating the following index detailed below. This index 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 4.

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. Central Time (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 Internal Testing
On Saturday, August 11 and 18, 2012, CME Group will conduct internal testing, during which FIX/FAST messages will be published in the CME Globex production environment. During this test, customers will be unable to connect to their iLink sessions.

CME Group strongly recommends that customers do not attempt to connect to the CME Globex production environment on Saturday, August 11 and 18. At the conclusion of testing, CME Group will clear all test data in preparation for the regular market open on Sunday, August 12 and 19. In the event customers must bring up their systems on Saturday, we strongly encourage customers to verify that all test data from Saturday is cleared out of their systems prior to Sunday start-up.

If you have any questions, please contact the  CME Global Command Center at 312 456 2391, in Europe at 44 20 7623 4708, or in Asia at 65 6223 1357.

Earlier Final Daily Settlement Messages via FIX/FAST
Effective Monday, August 20, the FIX/FAST final daily settlement messages will be disseminated Monday through Thursday as early as 5:30 p.m. Central Time (CT). Currently, most of these settlements are disseminated between 7:00 p.m. and 9:30 p.m. CT.

The final daily settlement price is the official daily settlement published by CME Clearing and disseminated after the start of the next trading day on CME Globex, Monday through Thursday.

Certification is not required and there are no new templates. Customers and system providers are encouraged to test the earlier timing thoroughly in New Release starting Monday, July 16.