Previously Published CBOT Product Migration Updates

 

For your convenience, we have listed below all of the CBOT Product Migration Updates that have been published to date. As of this writing, fourteen updates have been published.

 

Update  # 14 -- 1/24/08 

 

Final Phase of e-CBOT Product Migration this Sunday January 27, 2008

This notice contains key information about this Sunday’s migration of the remaining e-CBOT products -- Interest Rates -- to CME Globex® and the Market Data Platform. All times listed are in Central time (CT).

 

Pre-Opening Period for CBOT GTC and GTD Order Entry on Friday, January 25, 2008

 

Customers will be allowed to enter CBOT Interest Rate GTC and GTD orders during a special “per-open” session scheduled for this Friday, January 25, 2008, from 4:00 p.m. to 6:00 p.m. for Interest Rate futures.

 

Market data from this special “pre-open” session will be disseminated via MDP on Friday, January 25, in RLC and FIX/FAST message formats only; ITC 2.1 messages from these sessions will not be disseminated until Sunday, January 27. Additionally, the RLC messages sent on January 25, will be re-transmitted on Sunday, January 27, along with the ITC21.1 messages.      

 

Mock Trading Session Saturday January 26, 2008

 

The following is the Mock Trading schedule for Interest Rate products.

 

·          8:30 a.m. Instrument Creation (MO) RLC messages will be sent via MDP

·          9 - 10 a.m. --  Scripted end-to-end testing through Clearing; messages sent via MDP in all Market Data formats

·          10- 11:00 a.m. -- Unscripted testing; messages sent via MDP in all Market Data formats from injected CBOT futures orders

 

January 27, 2008 -- Interest Rate Products Open on CME Globex   

 

Please note the following regarding this Sunday’s e-CBOT Interest Rate product migration to CME Globex: 

 

·          Upon startup, all CBOT MO messages will be disseminated via the CBOT Production channels for Equities, Commodities and Interest Rates. They will subsequently be available via the individual loop channels per normal procedures.

·          The pre-open period for Interest Rates will be from 3:00 p.m. to 5:30 p.m.

·          At 5:30 p.m. Interest Rates will open on CME Globex. Please note that two important strategy convention changes will take place as follows:

o         An e-cbot 2x1 Treasury Ratio Strategy will be listed as a 1x2 (buy one leg1, sell two leg2)

o         An e-cbot Treasury Combo will be listed as buying the Call, NOT the Put (buy leg1, sell leg2)

·          Market Data Operations staff will be on-site to call each direct-connect Quote Vendor starting at approximately 6:00 p.m. regarding their migration status and to determine if there are any issues with receipt of e-CBOT Interest rate market data sent via MDP.

·          Please contact one of the following Market Data Operations staff on Sunday from 3:00 until 7:30 if you have any  questions or issues:

o         Marilee Radecki -- 312.930.8193

o         Kevin Brady -- 312.648-3653

o         Lakisha Speights -- 312. 338-7110

 

Updated Migration Timetable

 

Please take a look at the revised CBOT Migration Timetable (Laura -- add link here) which reflects a change to the migration date for CBOT Interest Rate ”Floor”  products,  which is February 11 and NOT February 4, as previously announced.  These products will be sent via Channel 100 of the MDP only and in the CME flavor of ITC 2.1.   

 

Contact MDO@cmegroup.com with any questions or issues concerning the migration.

THANK YOU!

 

 

Update  # 13 -- 1/22/08 

 

Category Code I Message Dissemination - UPDATED INFORMATION

 

In Migration Update #12, published last Friday, January 18, 2008, we announced the ITC 2.1 Category Code I message dissemination schedule, which has changed effective immediately. Please note the updated information shown below.  

 

UPDATED Category Code I Message Dissemination

 

Effective immediately, the following process will be followed for Category Code “I” messages disseminated via the MDP.  

 

·          They will be sent via CBOT ITC floor channel 100 with the Open Auction symbol if a product traded the prior day on both the Open Auction and CME Globex® platforms. 

 

·          They will be sent via the Globex ITC channel with the Globex symbol and the Globex Exchange ID for products traded on Globex (currently Ags & Equities and starting 1/27 for Financial products).  

 

·          For products traded only on the Globex platform, the messages will be sent via CBOT ITC floor channel 100 with their current symbol.

 

Example: The Mini-Sized  $5 Dow Futures and Options only trades on the Globex platform, however Category Code I messages will be disseminated down the CBOT ITC floor channel 100 with their symbols of YM ($5 Mini-Sized Dow Futures) and OYM ($5 Mini-Sized Dow Options).

Please contact MDO@cmegroup.com with any questions or issues concerning the migration.  

THANK YOU!

 

Update  # 12 -- 1/18/08 

 

Category Code I Message Dissemination Schedule

 

As the CBOT products migrate to the CME Market Data Platform there will be interim periods where some CBOT products will not adhere to the current CME process of disseminating Category Code I (Volume and Open Interest) messages. Please review the Category Code I Message Dissemination Schedule below, this schedule will be implemented to ensure all Volume and Open Interest figures are received by quote vendors.

 

Category Code I Message Dissemination Schedule:

 

January 22, 2008 (Permanent State): CBOT Equities - Category Code I messages will be disseminated with the Open Auction symbol if a product is traded both on Open Auction and Globex platforms the following trade date down CBOT ITC floor channel 100. If a product only trades on Globex platform, Category Code I messages will be disseminated down CBOT ITC floor channel 100 with their Globex symbols. For Example: The Mini-Sized  $5 Dow Futures and Options only trades on the Globex platform, however Category Code I messages will be disseminated down the CBOT ITC floor channel 100 with their Globex symbols of YM ($5 Mini-Sized Dow Futures) and OYM ($5 Mini-Sized Dow Options).

 

January 22, 2008 (Interim State): CBOT Globex Commodities - Category Code I messages will be disseminated with their Globex symbol the following trade date down CBOT ITC floor channel 100, this will only be Globex volume.

 

January 28, 2008 (Interim State): CBOT Globex Interest Rates - Category Code I messages will be disseminated with their Globex symbol the following trade date down CBOT ITC floor channel 100, this will only be Globex volume.

 

February 4, 2008 (Permanent State): CBOT Interest Rates - Category Code I messages will be disseminated with the Open Auction symbol if a product is traded both on Open Auction and Globex platforms the following trade down CBOT ITC floor channel 100. If a product only trades on Globex platform, Category Code I messages will be disseminated down CBOT ITC floor channel 100 with their Globex symbols.

 

February 25, 2008 (Permanent State): CBOT Commodities - Category Code I messages will be disseminated with the Open Auction symbol if a product is traded both on Open Auction and Globex platforms the following trade data down CBOT ITC floor channel 100. If a product only trades on Globex platform, Category Code I messages will be disseminated down CBOT ITC floor channel 100 with their Globex symbols.

 

Please contact MDO@cmegroup.com with any questions or issues concerning the migration.  

THANK YOU!

 

Update  # 11 -- 1/16/08 

 

CBOT “Floor -traded” Equity Product s  Move to MDP This Sunday,  January 20, 2008 and Remaining e-cbot Products Migrate to CME Globex ® and MDP on Sunday, January 27, 2008

 

 

This Sunday, January 20, 2008, the CBOT “Floor-traded” Equity products will be migrated from the CBOT Quote Vendor Network to the Market Data Platform.

 

On Sunday, January 27, 2008 the final migration phase of the remaining e-cbot products to CME Globex® and the Market Data Platform, is scheduled to occur. Please read this notice for important information.

 

Issue with Category “I” Messages

 

 

An issue with disseminating ITC 2.1 Category Code “I” messages (Volume and Open Interest) has been identified for CBOT products traded on CME Globex. We are working on resolving the issue and will update you as soon as a solution is found.   

 

 

Migration of CBOT Equity Open Auction and OTC Ethanol Products from QVN to MDP -- Sunday, January 20, 2008

 

 

This Sunday, January 20, the CBOT “Floor-traded” Equity and OTC Ethanol will products be migrated from CBOT QVN to MDP. They will be sent via Channel 100 in the CME flavor of ITC.

Pre-Opening Period for CBOT GTC and GTD Order Entry on Friday, January 25, 2008

Customers will be allowed to enter CBOT Interest Rate GTC and GTD orders during a special “per-open” session scheduled for Friday January 25, 2008. The schedule for this “pre-open” session will be published in our next migration update.

Please note that market data from this special “pre-open” session will be disseminated via MDP on Friday, January 25, in RLC and FIX/FAST message formats only; ITC 2.1 messages from these sessions will not be disseminated until

Sunday, January 27. Additionally, the RLC messages sent on January 25, will be re-transmitted on Sunday, January 27, along with the ITC21.1 messages.       

 

 

RLC “MO” (m-oh) Message Impact

 

 

At start-up this Sunday, January 1/20, all CBOT MO messages will be sent via the CBOT Production channels for Equity, Commodity and Interest Rate products.  In addition, at approximately 12:30 p.m., this data will be available via the individual Loop channels for message-replay purposes.   

 

Note -- This is the same process used for all other product MOs currently disseminated by CME Group.

 

Mock Trading Session on Saturday, January 26, 2008 

 

 

Information regarding the Mock Trading Schedule on Saturday, January 26, 2008 will be published in the next migration update. 

Please contact MDO@cmegroup.com with any questions or issues concerning the migration.  

THANK YOU!

 

Update  # 10 -- 1/11/08 

 

Only 2 Days Until e-cbot Product  Migration

This Sunday, January 13, 2008!!!!

 

TODAY AT 1:30 p.m.  -- New Pre-Opening Period for CBOT GTC and GTD Order Entry

Starting today at 1:30 p.m., customers of CME Group will be able to enter Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders during a special extended pre-open period. The schedule is as follows:

 

·          1:30-6:00 p.m. -- Commodity and Hosted Exchange Futures markets

·          4:00 - 6:00 p.m. -- Equity Futures

 

Market data messages from these special “pre-open” sessions will be disseminated via MDP this evening in RLC and FIX/FAST message formats ONLY!  ITC 2.1 messages from these sessions WILL NOT be disseminated until Sunday, January 13. Additionally, the RLC and FIX/FAST messages sent tonight will be re-transmitted on Sunday, January 13 along with the ITC21.1 messages.      

 

NOTE: Any resting GTC and GTD orders for CBOT & Hosted Exchange products will be removed from e-cbot at

4:20 p.m.:

 

 

TONIGHT -- New Ticker Test Added 

 

 

At the request of our quote vendors, another Ticket Test has been added tonight for CBOT ITC. 2.1 Floor Data only via MDP Channel 3 .

 

 

TOMORROW -- Final Mock Trading Session for Migration of First Set of e-cbot Products to CME Globex® /MDP

 

The first set of e-cbot data, including Commodity and Hosted Exchange Futures and Options markets and Equity Futures and Options will be migrated to CME Globex and the Market Data Platform on Sunday, January 13, 2008. (Interest Rates will be added on Sunday, January 27, 2008.) The following schedule is for tomorrow’s Mock Trading session that will include Interest Rate products.  All times listed are in Central time (CT).

 

• 8:30 a.m. Instrument Creation (MO) RLC messages will be sent via MDP
• 9 - 10 a.m. --  Scripted end-to-end testing through Clearing; messages sent via MDP in all Market Data formats
• 10- 11:00 a.m. -- Unscripted testing; messages sent via MDP in all Market Data formats from injected CBOT futures orders

 

For assistance during this important session, please call either ETOps at 312.930.8160 or Market Data Operations staff at 312.648.3653 or 312.338.7110. 

 

SUNDAY, JANURY 13, 2008 --  RLC “MO” (m-oh) Message Impacts – Reminder

 

 

·          Upon startup, all CBOT MO messages will be disseminated via the CBOT Production channels for Equity and Commodity.  They will subsequently be available via the individual loop channels per normal procedures.   (Note -- This is the same process used for all other product MOs currently disseminated by CME Group.)

·          Additionally, Sunday will be the very first time quote vendors will see the new CBOT product symbols used on CME Globex. These have not been sent to-date as part of the Mock Trading sessions.    

·          Market Data Operations staff will be on-site to call each direct-connect Quote Vendor starting at 4:30 p.m. CT, regarding their migration status and to determine if there are any issues with receipt of CBOT product data via MDP.

·          Also, please call the following Market Data Operations staff on Sunday from 2:30 until 7:30 if you have any  questions or issues:

o         Marilee Radecki -- 312.930.8193

o         Kevin Brady -- 312.648-3653

o         Lakisha Speights -- 312. 338-7110

 

Other Important Items to Note 

 

 

·          Please refer to the CME Globex -- CBOT Product Change Guide for the most current CBOT Symbol and trading hour changes.

·          Hosted Exchange floor data and Dow Jones will continue to be disseminated via CBOT QVN, in addition to MDP, for a short period of time (possibly mid-Feb).  We will not be decommissioning these QVN channels this Sunday!

·          Control messages for the Hosted Exchanges will be sent with Exchange ID “H”.

 

WE WISH ALL OF CME GROUP QUOTE VENDORS A SUCCESSFUL MIGRATION THIS SUNDAY!!!

 

 

Update  # 9 -- 1/9/08 

 

Only 4 Days Left Until e-cbot Product  Migration On Sunday, January 13, 2008!!!!

 

Final Mock Trading Session this Saturday, January 12, 2008 for Migration of First Set of e-cbot Products to CME Globex® /MDP

 

The first set of e-cbot data, including Commodity and Hosted Exchange Futures and Options markets and Equity Futures and Options will be migrated to CME Globex and the Market Data Platform on Sunday, January 13, 2008. Interest Rates will be added on Sunday, January 27, 2008. The following schedule is for this Saturday’s Mock Trading session that will include Interest Rate products.  All times listed are in Central time (CT).

 

• 8:30 a.m. Instrument Creation (MO) RLC messages will be sent via MDP
• 9 - 10 a.m. --  Scripted end-to-end testing through Clearing; messages sent via MDP in all Market Data formats
• 10- 11:00 a.m. -- Unscripted testing; messages sent via MDP in all Market Data formats from injected CBOT futures orders

 

New Ticker Test Added

 

 

At the request of our quote vendors, another Ticket Test has been added on Friday evening, January 11, 2008 for CBOT ITC. 2.1 Floor Data only via MDP Channel 3 .

 

New Pre-Opening Period for CBOT GTC and GTD Order Entry on January 11, 2008 -- Reminder

Last Sunday, January 6, Instrument Creation (MO) RLC and Security Definition FIX/FAST market data was disseminated for the CBOT & Hosted Exchange instruments.  The data is currently available on the respective MDP replay channels. These messages have been disseminated to prepare customers for entering Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders during the extended pre-open period on Friday, January 11, as follows:

·          1:30-6:00 p.m. -- Commodity and Hosted Exchange Futures markets

·          4:00 - 6:00 p.m. -- Equity Futures

 

Market data messages from the special “pre-open” sessions will be disseminated via MDP on Friday, January 11 in

RLC and FIX/FAST message formats only.  ITC 2.1 messages from these sessions will not be disseminated until Sunday, January 13. Additionally, the RLC and FIX/FAST messages sent on January 11 will be re-transmitted on Sunday, January 13 along with the ITC21.1 messages.      

Market data MO (M-oh) messages for the CBOT Interest Rates products will be disseminated starting January 20, to facilitate GTC/GTD order entry on Friday, January 25. The messages will subsequently be available on the respective replay channels.

Note: Any resting GTC and GTD orders for CBOT & Hosted Exchange products will be removed from e-cbot at 4:20 p.m.:

 

RLC “MO” (m-oh) Message Impacts – Reminder

 

 

·          January 13 -- Upon startup, all CBOT MO messages will be disseminated via the CBOT Production channels for Equity and Commodity.  They will subsequently be available via the individual loop channels per normal procedures.

·          January 20 -- Upon startup, all CBOT MO messages will be sent via the CBOT Production channels for Equity, Commodity and Interest Rate products (Interest rates will be added in preparation for the 1/27 migration.) They will subsequently be available via the individual loop channels per normal procedures.

 Note -- This is the same process used for all other product MOs currently disseminated by CME Group

 

 

CBOT Contract Information and Trading Hours on CME Globex – REVISED!

 

 

Please refer to the CME Globex -- CBOT Product Change Guide for the most current CBOT Symbol and trading hour changes.

 

 

Request for Quote Vendor Contact Availability on January 13 and 27 -- FINAL REMINDER

On Sunday, January 13 and January 27, Market Data Operations staff will begin calling each direct-connect Quote Vendor at 4:30 p.m. CT, regarding their migration status and to determine if there are any issues with receipt of CBOT product data via MDP.  Please send an email to MDO@cmegroup.com as soon as possible including the names and phone numbers of the primary and secondary contacts that will be available on both migration Sundays. Also, email MDO@cmegroup.com with any questions or issues concerning the migration. THANK YOU!

 

Update  # 8 -- 1/4/08 

 

Only 9 Days Left Until e-cbot Product  Migration On Sunday, January 13, 2008!!!!

 

Revised Updated Mock Trading Schedule for Tomorrow, January 5, 2008 

 

Please note that the unscripted testing period has changed, and information about “contingency plan” testing has also been added in red below: (All times shown are Central Time.)

 

·          7:15 a.m. --  Instrument Creation (MO) messages (RLC) will be sent via MDP

·          9 - 10 a.m. --  Scripted end-to-end testing through Clearing; messages sent via MDP in all Market Data formats

·          10 – 11:30 a.m. -- Unscripted testing; messages sent via MDP in all Market Data formats from injected CBOT futures orders

·          10:30 – 11:30 a.m. --  Messages sent via the CBOT QVN in CBOT ITC 2.1 format for the following products (only).  Orders will be entered on the e-cbot Simulation platform (SIM) as part of a “contingency plan,” fallback exercise.

o         mini-Sized Dow ($5) futures and options

o         DJIA ($10) Dow futures and options

o         Big Dow ($25) futures and options 

 

 

RLC “MO” (m-oh) Message Impacts – UPDATED INFORMATION

 

 

Please note the following updated information concerning the dissemination of MO Messages for the next three Sundays:

 

 

·          January 6 -- Upon startup, all CBOT MO messages will be disseminated via the CBOT Production channels for Equity, Commodity and Financial products only.  In addition, at 7:30 a.m. this data will be available via the individual Loop channels for message-replay purposes.   

·          January 13 -- Upon startup, all CBOT MO messages will be disseminated via the CBOT Production channels for Equity and Commodity (Financial products to be decided) only.  In addition, at 7:30 a.m. this data will be available via the individual Loop channels for message-replay purposes.   

·          1/20 -- Upon startup, all CBOT MO messages will be sent via the CBOT Production channels for Equity, Commodity and Interest Rate products (Interest rates will be added in preparation for the 1/27 migration.) In addition, at 7:30 a.m. this data will be available via the individual Loop channels for message-replay purposes.   

 

Note -- This is the same process used for all other product MOs currently disseminated by CME Group

 

New Pre-Opening Period for CBOT GTC and GTD Order Entry on January 11, 2008

 

 

Customers will be allowed to enter CBOT GTC and GTD orders during a special “pre-open” period from 1:30 p.m. to

6:00 p.m. on Friday, January 11, 2008, per the following schedule:

 

·          1:30-6:00 p.m. -- Agricultural and HE Futures markets

·          4:00 - 6:00 p.m. -- Dow futures markets and KCBT Value Line futures 

 

Market data from these special “pre-open” sessions will be disseminated via MDP on Friday, January 11 in RLC message format only; ITC 2.1 messages from these sessions will not be disseminated until Sunday, January 13. Additionally, the RLC messages sent on January 11 will be re-transmitted on Sunday, January 13, along with the ITC21.1 messages.      

Request for Quote Vendor Contact Availability on January 13 and 27 -- REMINDER

On Sunday, January 13 and January 27, Market Data Operations staff will begin calling each direct-connect Quote Vendor at 4:30 p.m. CT, regarding their migration status and to determine if there are any issues with receipt of CBOT product data via MDP.  Please send an email to MDO@cmegroup.com as soon as possible including the names and phone numbers of the primary and secondary contacts that will be available on both migration Sundays.

Also, contact us at MDO@cmegroup.com with any questions or issues concerning the migration. We are here to assist you in every way possible. 

THANK YOU!

 

Update  # 7 -- 1/3/08 

 

Only 10 Days Left Until e-cbot Product  Migration On Sunday, January 13, 2008!!!!

There are only 3 more opportunities to test before the first set of e-cbot products are migrated from the CBOT QVN to CME Globex® /MDP on Sunday, January 13, 2008, per the following schedule:

·          Friday, January 4, 2008 – FINAL Ticker Test for CBOT ITC. 2.1 Floor Data only via

Channel 3 

·          Saturday, January 5, 2008 – Mock Trading Session

·          Saturday, January 12, 2008  -- Mock Trading Session

 

On January 13, 2008, CBOT Commodities, Dow Jones & Hosted Exchange products will be listed on CME Globex and sent via CME MDP. On January 27, 2008, CBOT Interest Rate products will be listed. The final Mock Trading session will be held on Saturday, January 26, prior to the Interest Rate product migration.

 

Updated Mock Trading Schedule for January 5, 2008

 

·          7:15 a.m. CT -- Instrument Creation (MO) messages (RLC) will be sent via CME MDP.

·          9 - 10 a.m. CT: Scripted end-to-end testing through Clearing -- messages will be sent via CME MDP in all CME Market Data formats.

·          10 - 11 a.m. CT: Unscripted testing which will generate market data (in all CME Market Data formats) from injected CBOT futures orders.

 

RLC “MO” (m-oh) Message Impacts

 

 

Please note the following related to MO Messages for the next three Sundays:

 

 

·          January 6 and 13 – Upon startup, all CBOT MO messages will be sent via the CBOT Production MO channels for Equity and Commodity products only. 

·          1/20 – Upon startup, all CBOT MO messages will be sent via the CBOT Production MO channels for Equity, Commodity and Interest Rate products (Interest rates will be added in preparation for the 1/27 migration.)

·          After this data is sent on each of the three Sundays, it will be captured by MDP Channels 1 and 16 and looped with

all other MO messages in a “Message replay” that can be obtained throughout the week following each of the respective Sundays.(Note that this is the current process used for any other product MOs currently received from CME Group.)

 

Revised Quote Vendor Impact Document and “CME Globex -- CBOT Product Change Guide” 

 

 

For more information concerning the migration impact, please review the recently revised  Quote Vendor Impact Document.  Also note that new information has been added to the CME Globex -- CBOT Product Change Guide that includes updated CBOT Symbol and trading hour changes, specifically, the Ethanol Options symbol has changed from OZE to “OEH.”

 

Quote Vendor Back-up Plans for Receiving CBOT Market Data – IMPORTANT REMINDER 

 

CME Group has no plans to postpone this very critical migration. Any vendors that may experience issues with cutting-over from the CBOT QVN to CME MDP for any reason on January 13, 2008  should be ready to implement their back-up plans for accessing CBOT market data from another established direct-connect CME Group vendor.

Request for Quote Vendor Contact Availability on January 13 and 27

On Sunday, January 13 and January 27, Market Data Operations staff will begin calling each direct-connect Quote Vendor at 4:30 p.m. CT, regarding their migration status and to determine if there are any issues with receipt of CBOT product data via CME MDP.  Please send an email to MDO@cmegroup.com as soon as possible including the names and phone numbers of the primary and secondary contacts that will be available on both migration Sundays.

Also, contact us at MDO@cmegroup.com with any questions or issues concerning the migration. We are here to assist you in every way possible.  Thank you for your continued cooperation in making this migration a success!!

 

Update  # 6-- 12/31/07 

 

Countdown to January 13 and January 27 e-cbot product  Migration!!

As a reminder, there are only one Ticker Test and two Mock Trading sessions remaining before the first set of e-cbot products are migrated from the CBOT QVN to CME MDP on Sunday, January 13, 2008. The schedule is as follows:

·          Friday, January 4, 2008 – FINAL Ticker Test for ITC. 2.1 data via Channel 3 

·          Saturday, January 5, 2008 – Mock Trading Session

·          Saturday, January 12, 2008  -- Mock Trading Session

The final Mock Trading session will be conducted on Saturday, January 26 prior to the migration of the second group of e-cbot products to CME MDP.

 

PLEASE REFER TO THE CBOT MIGRATION TIMETABLE FOR INFORMATION ON WHICH PRODUCTS ARE BEING MIGRATED AND ON WHAT DATES.

 

All remaining Mock Trading sessions will adhere to the following structure:  

·          8:30 a.m. CT -- Instrument Creation (MO) messages (RLC) will be sent via CME MDP.

·          9 - 10 a.m. CT: Scripted end-to-end testing through Clearing -- messages will be sent via CME MDP in all CME Market Data formats.

·          10 - 11 a.m. CT: Unscripted testing which will generate market data (in all CME Market Data formats) from injected CBOT futures orders.

At this juncture, Market Data Operations staff has contacted all direct-connect CME Group Quote Vendors concerning their readiness for this all important event. Those vendors that have identified issues resulting from the testing conducted to-date, have been asked to have a “Plan B” on standby in the unlikely event that their issues cannot be resolved by January 13, 2007.

 

It’s essential to note that CME Group has no plans to postpone this very critical migration. As a reminder, for any vendors that are unable to cut-over from the CBOT QVN to CME MDP for any reason, back-up plans should be made for accessing CBOT market data from another established direct-connect CME Group vendor beginning January 13, 2007.

As always, please don’t hesitate to contact us at MDO@cmegroup.com with any questions or issues concerning the migration. We are here to assist you in any way possible. 

We sincerely thank you for your continued cooperation as we collectively work to achieve one more milestone for CME Group!!!

 

 

Update  # 5-- 12/18/07 

 

New! Mock Trading Session Added – 12/22/07

To provide our Quote Vendor community with an additional opportunity for testing prior to the first migration deadline for e-cbot products on CME MDP -- January 13, 2008 – another Mock Trading session has been added for this Saturday, December 22. The schedule will follow the same approach as last Saturday's session:

• 8:30 a.m. CT -- Instrument Creation (MO) messages (RLC) will be sent via CME MDP.
• 9 - 10 a.m. CT: Scripted end-to-end testing through Clearing -- messages will be sent via CME MDP in all CME Market Data formats.
• 10 - 11 a.m. CT: Unscripted testing which will generate market data (in all CME Market Data formats) from injected CBOT futures orders.

Ticker testing will also be conducted on the following dates for CBOT floor data in the CME version of ITC 2.1 via CME MDP Channel 3.

 

·          Friday, December 21, 2007

·          Friday, December 28, 2007

·          Friday, January 4, 2008

Please contact us at MDO@cmegroup.com with any questions concerning the migration.

Thank you! 

 

Update  # 4 -- 12/14/07 

 

 

Tomorrow, December 15, 2007, MDP Channels 4-6 will be decommissioned and will be replaced by

Channels 200-207.

 

Coupled with this change, Quote Vendors can expect to see an additional change within FX Options messages. Specifically, Channel 5 will display an ‘A’ for American style options, regardless if the options are European or American style.  Also, Quote Vendors will see an ‘E’ for European Options and an ‘A’ for American Options for messages received via Channel 205.

 

EXAMPLE

 

Current Channel Setup: 

H   Ob 227914200610340G<STX> XT  Z07P0144000+AEC  Z077Z075  5 0000950+B 00000755 0000990+A 000112<NUL>

 

New Channels:

H   Ob U00577672204150G<STX> XT  Z07P0142000+EEC  Z077Z075  5 0000520+B 00000505 0000550+A 0000050<ETX>

 

Channel Information Added for Ticker Testing of CBOT Trading Floor Data

 

As a reminder, four special ticker tests for CBOT Trading Floor Data in the CME flavor of ITC 2.1 format will be conducted at approximately 5:00 p.m. tonight, Central Time, via CME MDP Channel 3.  Thereafter, testing will also be conducted on the following dates:

 

·          Friday, December 21, 2007

·          Friday, December 28, 2007

·          Friday, January 4, 2008

Please contact us at MDO@cmegroup.com with any questions concerning the migration.

Thank you!    

 

 

Update  # 3 -- 12/13/07 

 

The Mock Trading Plan for CBOT and Hosted Exchange Products on CME Globex has been updated. Please click on CBOT Mock Trading Plan to view the most current information.

The Client Impact Assessment for the CBOT & Hosted Exchange launch on CME Globex has also been updated to include the following information:

• Decimal Tick Conversion information and examples
• Algorithm information

As a reminder, all documentation for the migration of CBOT & Hosted Exchange products to the CME Globex electronic trading platform is available on the CME Group Web site.

Please contact us at MDO@cmegroup.com with any questions concerning the migration.

Thank you!    

Update  # 2 -- 12/12/07 

 

This is the second of our new weekly updates concerning the upcoming CBOT product migration, which is now only one month away from tomorrow.  Several quote vendors we have contacted are still in the process of configuring their networks and applications to handle the CBOT data via CME MDP and won’t be ready to participate in this Saturday’s second of five mandatory Mock Trading Sessions.

 

It is critically important to note that failure to participate in the next 3 mandatory Mock Trading sessions and five Ticker Tests listed below may severely impede your ability to successfully complete the migration by January 11, 2008.

 

THERE ARE NO PLANS TO SEND THIS DATA IN PARALLEL VIA CBOT QVN AND CME MDP AFTER THE MIGRATION DEADLINES!

 

 On January 13, 2008 market data for designated e-cbot products will only be sent to you via CME MDP, per the previously published migration schedule. The remaining e-cbot products will be migrated on Sunday, January 27, 2008, followed by the migration of floor-traded products in February 2008. If for any reason you are not able to take the CBOT products via CME MDP, the only alternative for getting this data will be from another quote vendor that has successfully migrated.

 

Please take a moment to complete the CBOT Migration Readiness Survey that was due this past Monday, December 10, 2007. Completion of this survey is essential so that we understand your current state of migration readiness and can assist you in any manner you may require.

 

CBOT Migration Trading Hours and Ticker Symbol Changes

 

Click here to obtain information regarding changes in electronic trading hours, ticker symbols and more. 

 

Client System Impact

 

Click here to carefully review important details about fractional pricing, product specific functionality and new market depth formats for CBOT products.  

 

IMPORTANT REMINDER: Currently, CBOT provides depth of market data (10 deep) for their electronic trading via the ITC 2.1 format.  Please be aware that only “Top of Book” is available via CME’s ITC 2.1 format. The depth of market data (5 deep) is available via the CME RLC and FIX/FAST message formats.

 

Upcoming Ticker Testing of CBOT Trading Floor Data in CME’s ITC 2.1 Format

 

In addition to the remaining four Mock Trading sessions, five special ticker tests for CBOT Trading Floor Data in the CME ITC 2.1 format will be conducted at approximately 5:00 p.m. Central Time on following dates:

 

·          Friday, December 7, 2007

·          Friday, December 14, 2007

·          Friday, December 21, 2007

·          Friday, December 28, 2007

·          Friday, January 4, 2008

 

We can’t stress enough how important it is for you to participate in these critical tests, as these will be the only opportunities to test CBOT trading floor data in preparation for the migration.

 

Differences Between CME and CBOT ITC 2.1 Formats

 

Please be aware that there are differences between the CME and CBOT ITC 2.1 formats. If you are interested in details concerning the differences please contact us at MDO@cmegroup.com    

   

THANK YOU FOR YOUR COOPERATION!!!

 

 

This is the first of several “Migration Updates” that will be emailed weekly in addition to our regular weekly news updates. The objective of these new migration updates is to help our CME direct connect Quote Vendors complete the successful migration of all CBOT products to the CME Market Data Platform. The first phase of this critical migration is only a month away – e-cbot products migrate to CME MDP.

 

There are only four remaining Mock Trading sessions and five Ticker tests scheduled to assist you with completion of the testing required to ensure that your systems are ready for the conversion next month. Please pay close special attention to each of the following key topics related to this critical migration. 

 

Mock Trading Survey

 

 

Each direct connect Quote Vendor is asked to complete this brief survey which addresses mandatory participation in the all important remaining four mock trading sessions.  PLEASE COMPLETE THIS SURVEY NO LATER THAN MONDAY, DECEMBER 10, 2007 - CBOT Mock Trading

  

CBOT Migration Trading Hours and Ticker Symbol Changes

 

Click here to obtain information regarding changes in electronic trading hours, ticker symbols and more. 

 

Client System Impact

 

Click here to carefully review important details about fractional pricing, product specific functionality and new market depth formats for CBOT products.  

 

IMPORTANT INFORMATION: Currently, CBOT provides depth of market data (10 deep) for their electronic trading via the ITC 2.1 format.  Please be aware that only “Top of Book” is available via CME’s ITC 2.1 format. The depth of market data (5 deep) is available via the CME RLC and FIX/FAST message formats.

 

Upcoming Ticker Testing of CBOT Trading Floor Data in CME’s ITC 2.1 Format

 

In addition to the remaining four Mock Trading sessions, five special ticker tests for CBOT Trading Floor Data in the CME ITC 2.1 format will be conducted at approximately 5:00 p.m. Central Time on following dates:

 

·          Friday, December 7, 2007

·          Friday, December 14, 2007

·          Friday, December 21, 2007

·          Friday, December 28, 2007

·          Friday, January 4, 2008

 

We can’t stress enough how important it is for you to participate in these critical tests, as this is these will be the only opportunities to test CBOT trading floor data in preparation for the migration.

 

 

Differences in Between CME and CBOT ITC 2.1 Formats

 

Please be aware that there are differences between the CME and CBOT ITC 2.1 formats. If you are interested in details concerning the differences please contact us at MDO@cmegroup.com.

 

 

Update  # 14 -- 1/24/08 

 

Final Phase of e-CBOT Product Migration this Sunday January 27, 2008

 

This notice contains key information about this Sunday’s migration of the remaining e-CBOT products -- Interest Rates -- to CME Globex® and the Market Data Platform. All times listed are in Central time (CT).

 

Pre-Opening Period for CBOT GTC and GTD Order Entry on Friday, January 25, 2008

 

Customers will be allowed to enter CBOT Interest Rate GTC and GTD orders during a special “per-open” session scheduled for this Friday, January 25, 2008, from 4:00 p.m. to 6:00 p.m. for Interest Rate futures.

 

Market data from this special “pre-open” session will be disseminated via MDP on Friday, January 25, in RLC and FIX/FAST message formats only; ITC 2.1 messages from these sessions will not be disseminated until Sunday, January 27. Additionally, the RLC messages sent on January 25, will be re-transmitted on Sunday, January 27, along with the ITC21.1 messages.      

 

Mock Trading Session Saturday January 26, 2008

 

The following is the Mock Trading schedule for Interest Rate products.

 

·          8:30 a.m. Instrument Creation (MO) RLC messages will be sent via MDP

·          9 - 10 a.m. --  Scripted end-to-end testing through Clearing; messages sent via MDP in all Market Data formats

·          10- 11:00 a.m. -- Unscripted testing; messages sent via MDP in all Market Data formats from injected CBOT futures orders

 

January 27, 2008 -- Interest Rate Products Open on CME Globex   

 

Please note the following regarding this Sunday’s e-CBOT Interest Rate product migration to CME Globex: 

 

·          Upon startup, all CBOT MO messages will be disseminated via the CBOT Production channels for Equities, Commodities and Interest Rates. They will subsequently be available via the individual loop channels per normal procedures.

·          The pre-open period for Interest Rates will be from 3:00 p.m. to 5:30 p.m.

·          At 5:30 p.m. Interest Rates will open on CME Globex. Please note that two important strategy convention changes will take place as follows:

o         An e-cbot 2x1 Treasury Ratio Strategy will be listed as a 1x2 (buy one leg1, sell two leg2)

o         An e-cbot Treasury Combo will be listed as buying the Call, NOT the Put (buy leg1, sell leg2)

·          Market Data Operations staff will be on-site to call each direct-connect Quote Vendor starting at approximately 6:00 p.m. regarding their migration status and to determine if there are any issues with receipt of e-CBOT Interest rate market data sent via MDP.

·          Please contact one of the following Market Data Operations staff on Sunday from 3:00 until 7:30 if you have any  questions or issues:

o         Marilee Radecki -- 312.930.8193

o         Kevin Brady -- 312.648-3653

o         Lakisha Speights -- 312. 338-7110

 

Updated Migration Timetable

 

Please take a look at the revised CBOT Migration Timetable (Laura -- add link here) which reflects a change to the migration date for CBOT Interest Rate ”Floor”  products,  which is February 11 and NOT February 4, as previously announced.  These products will be sent via Channel 100 of the MDP only and in the CME flavor of ITC 2.1.   

 

Contact MDO@cmegroup.com with any questions or issues concerning the migration.

THANK YOU!