Market Data Notices: February 03, 2014

CME Globex Performance Enhancements
Starting Sunday, January 5 (trade date Monday, January 6), performance enhancements will be launched on the following CME Globex markets. With this launch, internal testing indicates:

• iLink latency will improve up to 30%.
• Per event, iLink fill notices (tag 35-MsgType=8, tag 39-OrdStatus=1 or 2) will be published before or at the same time as the last market data trade message
• For each individual trade, iLink fill notices will be published before or at the same time as the associated market data trade messages
• Due to performance improvements, packets per second (PPS) on implied MDP channels may increase up to 100%

These enhancements are part of our ongoing efforts to provide best-in-class technology and service on CME Globex.

February 9, 2014

• CME Eurodollar futures; tag 1300=82

February 23, 2014

• CME and CBOT Commodity futures; tag 1300=70 and 72
• Hosted PE markets and NYMEX emissions futures; tag 1300=74

New CME Globex Market Data Protocol
In Q2 2014, 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.

Important Update: Based on customer feedback, MDP 3.0 is being updated with a new trade reporting functionality. This update will impact the message layouts and require a new template for trade messages only. The Client Impact Assessment has been updated to reflect the new trade messaging, which will be available for testing in New Release in early Q2 2014. Customers should not develop to the current trade reporting messages, since it will be changed before the production launch; all other messaging and functionality will remain unchanged.

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,  functional specifications, and  message specifications provide detailed functionality and messaging information.

MDP 3.0 channels and functionality are currently available in New Release.

Please Note: There will be a new version of the MDP 3.0 NR Schema file available next week via the  CME Group FTP site, for use in New Release beginning on Sunday, January 19, 2014. These new templates will not be backward compatible. Due to the nature of the changes, the old templates and template ids will not be persisted in the Schema File. An update to the Schema Version will accompany the new templates and template ids.

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.

Real Logic Ltd. and Informatica have collaborated to create open source tools that provide extensive support for Simple Binary Encoding (SBE), the messaging standard developed through The Financial Information Exchange (FIX) Trading Community. The SBE decoders will create an environment that can be used directly by customers or treated as a reference implementation that can be extended into custom solutions tailored to individual customer’s needs. The information and tool are open to the public under an Apache Public License and available  here.

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.

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.

 Middle East Refined Futures
Effective Sunday, March 2, 2014 (trade date Monday, March 3, 2014), the following Middle East Refined futures will be listed for trading on CME Globex, open outcry and for clearing submission on CME ClearPort.

These futures will be available for customer testing in New Release on Monday, February 17.

These contracts are listed with, and subject to, the rules and regulations of the New York Mercantile Exchange.

Options on Yen Denominated Nikkei Stock Average Futures
Effective Sunday, April 13 (trade date Monday, April 14), options on Yen Denominated Nikkei Stock Average futures will be listed for trading on CME Globex and for submission for clearing through CME ClearPort.

These options contracts will be available in American-style and European-style options. The American-style options will be offered in two months in the March Quarterly Cycle, and the European-style options will be offered in two serial months. For European-style options, CME will reference OSE's Nikkei 225 (Yen) Futures contract prices to make in-the-money and exercise determinations at option expiry.

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

Please view the  New Product Summary.

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

CME Eurodollar Futures Implied Changes
Effective Sunday, February 23 (trade date Monday, February 24), the second generation implied functionality will be removed from CME Eurodollar futures markets, including all future spreads and outrights. First generation implied functionality will still be supported. In internal testing, this change resulted in up to 40% latency reduction during extremely large match events.

Information on implied functionality is detailed in the  Client Systems Wiki.

This change is currently available for testing in the New Release and Certification environments.

A mock trading session in production will be held Saturday, February 22.

An  overview of the mock trading session is now available. Please contact your Global Account Manager to register.

CME Globex Connectivity Update: EConnect Secaucus
CME Group is expanding its network to include a point of presence (PoP) at the Equinix data center in Secaucus, NJ. As a result, customers will be able to order redundant connections to the CME Group production and DR environments via a customer managed connectivity option called EConnect Secaucus. With this option, customers located within the NY4/NY5 Equinix campus can order cross connects to CME Group for a monthly charge of $4,000.

Customers can also order a separate Cert Data Center connection to access CME Group’s Certification and New Release environments. CME Group does not charge for access to its Certification and New Release environments, however customers may incur one-time and/or recurring cross connect charges from their data center provider.

Starting in March 2014, CME Group will accept 1 Gbps single-mode fiber cross connect orders to EConnect Secaucus and Cert Data Center.

Please contact your  Global Account Manager in the U.S. at 312 634 8700, in Europe at 44 203 379 3754, or in Asia at 65 6593 5505 for additional information.

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