Market Data Notices: November 11, 2013

New User Defined Spread Combination Expiration Rules
Effective Sunday, November 17 (trade date Monday, November 18), the expiration rules for User Defined Spreads (UDS) combinations on CME Globex will be changed to better meet customers’ trading needs.

With this change, CME Globex will assign the expiration date and time as either the earliest leg expiration or the end of the current trading week, whichever occurs first. If there is a working Good ‘Till Cancel (GTC) order on the Combo after the close on Friday, the expiration will be extended an additional week. This extension will repeat as many times as necessary until the earliest leg expires. Tag 866-EventDate contains this expiration date and time in the Market Data Platform FIX/FAST Security Definition (tag 35-MsgType=d) message.

Currently, an options strategy remains an active contract on CME Globex for two weeks or until the leg with the shortest maturity expires, unless there is any activity during the week of expiration.

Please note: This change will not impact the expiration rules for the Covered, which continues to expire at the end of the trading date in which it has been created.

This launch will be phased in as follow:

This change is currently available for customer testing in New Release.

Detailed information including functionality and messaging for UDS Combos Expiration and Extension are available in the   Client Systems Wiki.

If you have any questions, please contact the  CME Global Command Center in the U.S. at +1 312 456 2391, in Europe at +44 20 7623 4708 or in Asia at +65 6223 1357.

Dow Jones and S&P Market Data Dissemination
CME Group will conduct disaster recovery testing, during which the dissemination of the Dow Jones and S&P streamlined FIX/FAST market data will be impacted on the following dates:

• Saturday, November 23
  • Dow Jones and S&P market data will not be disseminated to customers connecting via CME Group Chicago area datacenters. All other connectivity options will receive production cash index data utilizing the new source IPs only.

The new source IPs is currently available in the config.xml file on the   FTP site.

KCBT Product Migration to CBOT
Effective Sunday, December 8 (trade date Monday, December 9), Kansas City Board of Trade (KCBT) products will migrate from a KCBT DCM (Designated Contract Market) to Chicago Board of Trade (CBOT) DCM, subject to regulatory review and approval. The current governmental shutdown may impact the launch date.

These products will use the same Symbol (tag 55) and SecurityGroup (tag 1151) as they do today. With this change, the value in tag 207-SecurityExchange and Market Data Platform channels will be updated as follows:

Please Note: For the December 8 launch, customers will not have to cancel their Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for KCBT futures and options. After 16:30 CT on Friday, December 6, all remaining GTC and GTD orders for these products will be moved to their respective new channels and retain their priority in the book. Customers are responsible for verifying their working orders and making modifications as needed during the pre-open on Sunday, December 8.

These changes are currently available in New Release for customer testing.

New CME Globex Market Data Protocol
CME Group is introducing 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. The protocol production dates will be announced in future CME Globex and Market Data Notices.

MDP 3.0 includes:

• Simple Binary Encoding (SBE); replaces the current FAST compression model
• FIX 5.0 (SP2) Market by Price messaging formats
• Event-driven market price and trade information
• Enhanced market state dissemination
• Increased timestamp granularity
• Trade identifier on both market data and order entry messages

The  client impact assessment provides detailed functionality and messaging information.

A new MDP 3.0 certification suite will be available in AutoCert+. Customer systems receiving market data via CME Globex must complete this mandatory certification.

MDP 3.0 functional specification is now available  online. The functional specification provides the complete MDP 3.0 functionality details, whereas the client impact assessment outlines the differences in functionality between FIX/FAST and MDP 3.0.

New test versions of MDP 3.0 template and PCAP (Packet Capture) test files are currently available  online . The PCAP files will contain sample MDP 3.0 packets of Incremental Refresh (tag 35-MsgType=X) and Security Definition (tag 35-MsgType=d) messages in binary format.

Please Note: These files are for customer testing only and are subject to change without customer notice.

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.

 MDP 3.0 New Release Availability
Starting on Monday, November 11, MDP 3.0 will be implemented in New Release environment in  four phases. For each phase, specific MDP 3.0 channels and functionality will be available in the environment. The implementation will be cumulative therefore once a channel or type of functionality is available; it will remain in the environment.

With this release, CME Group will use new public multicast source IPs for the MDP 3.0 channels in the New Release environment. Customers must configure their firewall or network device to include the entire range of eligible addresses.

If you have any questions, please contact  Certification Support for Electronic Trading (CSET) in the U.S. +1 312 930 2322 or in Asia at +65 6593 5593 for assistance.

CME Europe on CME Globex
Pending regulatory approval, CME Europe markets will be available via CME Globex for iLink order routing and market data on a launch date to be determined. The launch date will be published in the CME Globex notice.

Only non-US customers are eligible to trade on CME Europe. Eligible customers who would like to trade CME Europe products must establish all appropriate agreements and accounts to be authorized to trade CME Europe products and clear through CME Clearing Europe.

The launch includes the following impacts:

• New  futures calendar spread type
  • For the 10 major currency pairs the SD spread type will not tick in a reduced increment from the outright contract.
  • All other currency pairs will have reduced calendar spreads
  • New tag value to identify the exchange
  • New products in FX Futures
  • New market data channels to disseminate market data
  • New streamlined Fix/Fast market data to publish block information

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

  Onboarding information is available  online.

  A new CME Europe mandatory certification suite is currently available in AutoCert+. Customer systems that plan to support CME Europe via CME Globex must complete this certification.

  The implementation is currently available in New Release for customer testing.

  Please contact your  Global Account Manager for further information.

Weekly 2-Year & 3-Year Eurodollar Mid-Curve Options
Effective Sunday, November 17 (trade date Monday, November 18), the following Weekly 2-Year & 3-Year Eurodollar Mid-Curve options will be listed for trading on CME Globex and open outcry.

For the initial launch, week 4 and week 5 will be available for trading.

Please view the  New Product Summary.

These options are currently available in New Release for customer testing.

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

European Light Ends Futures
Effective this Sunday, November 17 (trade date Monday, November 18), the following energy futures will be listed for trading on CME Globex.

Please view the  New Product Summary.

These products are currently available in New Release for customer testing.

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

Listing Cycle Changes for Standard and Mid-Curve Eurodollar Options
Effective this Sunday, November 17 (trade date Monday, November 18) the listing cycle for the Standard and Mid-Curve Eurodollar options will be modified as follows:

These options are currently available in New Release for customer testing.

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

Fourth Month TAS
Effective this Sunday, November 17 (trade date Monday, November 18, 2013), the listing cycle for the following Trading at Settlement (TAS) futures will be expand to list the fourth active maturity on CME Globex, Open Outcry and available for submission for clearing on CME ClearPort. Currently, there are 3 active maturities listed.

With this change, the seventh month of the Crude Oil TAS futures (tag1151-SecurityGroup=CLT) will be delisted from CME Globex, Open Outcry and available for submission for clearing on CME ClearPort.

 Energy Listing Cycle Expansion
Effective this Tuesday, November 19 (trade date Wednesday, November 20), the listing cycle for 54 energy futures will be expanded on CME Globex. Detailed information on the new listing rules is available  online.

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

 Brent Futures & Option Last Trade Change
Effective Sunday December 8 (for trade date Monday December 9), the last trading day will be modified for  Brent crude oil futures and options starting with the March 2016 maturity on CME Globex, Open Outcry and available for submission for clearing on CME ClearPort.. With this change, the settlement price calculations will be also be modified starting with the March 2016 maturity.

Detailed information on these changes is available  online.

These changes will be available in New Release for customer testing on Monday, November 25.

CME Globex Disaster Recovery (DR) Failover
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 CME Globex Disaster Recovery (DR) Failover testing, which will be held on Saturday, November 23.

The CME Globex DR Failover test 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.

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

The CME Globex DR Failover testing will begin at 9:00 a.m. Central Time (CT) and conclude at 3:00 p.m. CT. This will be the first CME Globex DR Failover test which allows customers to test 3 different failover scenarios. A detailed timeline is available in the  overview.

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