Market Data Notices: October 25, 2010

 ITC 2.1 Category Code Z and Category Code X Message Changes
Effective Friday, October 29, the ITC 2.1 Category Code Z (Contract Specifications) and Category Code X (Text), Type Code K (Lead Month Identification) messages will be disseminated at 6:30 a.m. Central Time (CT) only prior to the opening of the open outcry markets. These messages will only be sent once per day.

FIX/FAST Market Data Platform Channel Changes
Effective Sunday, November 21, the FX futures and options Market Data Platform channels will be split to better manage messaging rates and performance.

Channel 11 - CME FX Futures
 

• The current channel 11 will continue to broadcast CME FX futures with the exceptions noted below.
• New channel 60 will broadcast the following FX futures:
  • Tag 55-Symbol=6C
  • Tag 55=6E
  • Tag 55=6L
  • Tag 55=6M
  • Tag 55=6N
  • Tag 55=6R
  • Tag 55=CZ
  • Tag 55=KC
  • Tag 55=XR

Channel 12 - CME FX Options
 

• The current channel 12 will continue to broadcast CME FX options with the exceptions noted below.
• New channel 61 will broadcast the following FX options:
  • Tag 55-Symbol=0L
  • Tag 55=0M
  • Tag 55=0X
  • Tag 55=0Z
  • Tag 55=2C
  • Tag 55=2E
  • Tag 55=2N
  • Tag 55=3J
  • Tag 55=3N
  • Tag 55=FR
  • Tag 55=MO
  • Tag 55=OR
  • Tag 55=UO
  • Tag 55=X8
  • Tag 55=XD
  • Tag 55=XT

The change will not impact the volatility-quoted FX options on channel 6.

Channel configuration information is available on the  ftp.cmegroup.com site as outlined in the   Core Functionality module of the FIX/FAST Software Development Kit. These new channels are available in New Release for customer testing.

Expanded Security Definition Messages for User-Defined Spreads
At customers’ requests, the following tags will be added to the Security Definition messages (tag 35-MsgType=d) for user-defined spreads. These tags are currently published on the Security Definition messages for outright instruments and exchange-defined spreads.

New tags for UDS Security Definition Messages

• Tag 461-CFICode
• Tag 731-SettlPriceType
• Tag 827-ExpirationCycle
• Tag 1148-LowLimitPrice
• Tag 1149-HighLimitPrice
• Tag 1180-ApplID
• Tag 1234-NoLotTypeRules
• Tag 1093-LotType
• Tag 1231-MinLotSize

In addition, tag 600-LegSymbol, in the repeating group tag 555-NoLegs, will now identify the Symbol (tag 55) for each leg. Currently, tag 600 always contains [N/A].

The expanded Security Definition messages will be launched according to the following schedule:

• Sunday, October 31
  • CME Interest Rate Options
• Sunday, November 7
  • CBOT Interest Rate Options
  • CME FX Options
• Sunday, November 20
  • CME and CBOT Agriculture Options
  • CME and CBOT Equity Options
  • NYMEX, COMEX and DME Options
• Sunday, December 12
  • Bursa Malaysia Derivatives Options

There will be no template changes for this launch.

The expanded Security Definition messages are currently available for customer testing in the New Release environment.

FIX/FAST Maintenance Release
Effective Sunday, November 7, the FIX/FAST maintenance release will launch on CME Globex.

This launch will impact the Security Definition (tag 35-MsgType=d,) and Security Status (tag 35=f) messages. Details on the enhancements are available in the   Client Impact Assessment.

Certification is not required and there are no new templates. Customers and system providers are encouraged to test the enhancements thoroughly in New Release starting Monday, October 25.

 COMEX, NYMEX, and DME Futures Enhancements
Effective fourth quarter 2010, a number of enhancements will be introduced for COMEX, NYMEX, and Dubai Mercantile Exchange (DME) futures and futures spreads on CME Globex.

In internal testing environments, the enhancements for COMEX 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 30%. As a result of the reduced message response times, bandwidth utilization in these futures markets is expected to ultimately increase by as much as 30%.

Please note: for the COMEX futures launch on November 7, customers are asked to please cancel all Good ‘Till Cancel (GTC) and Good 'Till Date (GTD) orders for these COMEX futures and futures spreads after their respective closes on Friday, November 5. After 16:15 CT on Friday, November 5, all remaining GTC and GTD orders for these products will be cancelled by the CME Globex Control Center (GCC).

GTC and GTD orders for COMEX futures and futures spreads may be re-entered during an extended pre-open period, starting at 15:00 CT, on Sunday, November 7. TAS products will pre-open at their normal time, 16:15 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 NYMEX, COMEX or DME futures test these changes thoroughly in New Release.

Daily European Union Allowance (EUA) Futures
Effective this Sunday, October 31 (trade date Monday, November 1), the Daily European Union Allowance (EUA) Futures will be listed for trading on CME Globex. When launched, the Daily EUA Futures contract will be one of the emissions products (or “Green products”) available for trading via CME Globex and listed on NYMEX.

In addition, the Daily EUA Futures contract will be the first CME Globex daily expiration futures contract, and as such represents new functionality within CME Globex. For the Daily EUA Futures contract, the listing schedule will include two (2) daily contracts available for trading at any one time: the current trade date and the following trade date (the contract date). On the last trade date, trading will halt at 11:00 a.m. Central Time (CT) (5: 00 p.m. (UK) local time) and the Exchange for Related Position (EFRP) transaction session will end at 12:00 p.m. (CT) (6:00 PM (UK) local time).

Please note: During the week of October 31 through November 7 due to the end of British Summer Time (BST), trading will halt at 12:00 p.m. (CT) and the EFRP transaction session will end at 1:00 p.m. (CT).

The FIX/FAST Security Definition message (tag 35-MsgType=d) is being modified to support this new functionality. The following FIX tags will be leveraged for the Daily EUA Futures contract, as follows:

For daily expiration futures contracts:

• Tag 200-MaturityMonthYear will include the maturity date, in the YYYYMMDD format; the maximum tag length will remain 8 bytes.
• Tag 872-InstAttribValue = 19 identifies this as daily expiration futures contract.

Please view the  New Product Summary.

To support extended testing time for this new daily expiration futures product type and the associated messaging tags, the Security Definition messages are available in New Release, Certification and Production environments for CME Globex. The Daily EUA Futures contract will be actionable in both the New Release and Certification test environments, but will be non-actionable in the CME Globex Production environment.

This new products will be migrated to Green Exchange products in New Release for customer testing Monday, November 8, 2010. This product will use the same SecurityGroup (tag 1151) and Symbol (tag55) as they do today; however the value in tag 207-SecurityExchange will be updated from XNYM to GREE.

We advise customers to test this new product under current production code in the Certification test environment, and under the NYMEX-enhanced functionality in New Release test environment.

 Monthly and Seasonal Strip Rainfall Index Futures
Effective this Sunday, October 31 (trade date Monday, November 1), Rainfall futures on CME Globex and options on futures and binary options will be listed for trading on CME Globex platform and Open Outcry.

Rainfall Index Futures & Strips are geared to the amount of rainfall recorded in a given month in a designated location. They provide a way to:

• Protect revenues and manage risks related to rainfall
• Accept the risks related to rainfall in exchange for possible profit

Please view the  New Product Summary.

Brent Look-Alike Crude Oil Options
Effective Sunday, November 14 (trade date Monday, November 15), the Brent Look-Alike Crude Oil Option contract on the CME Globex trading platform for six consecutive contract months.

The Brent Look-Alike Crude Oil Option contract will continue to be available for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort up to 72 consecutive months on an annual basis (balance of current year plus five full years) and then June and December contracts for three additional years.

 7-Year Interest Rate Swap Futures
Due to customer demand, seven year interest rate swap futures currently available for trading on the Globex venue will also be available via open outcry effective November 15, 2010.

• A new ITC ticker symbol, N7 will be added to reflect floor volume effective November 15, 2010.
• he existing Globex and clearing symbol for seven year IRS futures is 7I (eye) and will not change.

 Green Exchange Product Migration
Effective Sunday, January 23, 2011 (trade date Monday, January 24), the existing NYMEX emissions products (Green products) will be de-listed from trading on NYMEX and will be listed for trading on Green Exchange (the Transition). These products will use the same SecurityGroup (tag 1151) as they do today; however the value in tag 207-SecurityExchange will be updated from XNYM to GREE. In addition, the value in tag 55-Symbol will be changed for the Green products. The Green futures and options will be disseminated on new Market Data Platform channels 18 and 19 as described below.

As previously announced, following the Transition, Green futures products will continue to be available for trading via CME Globex and privately-negotiated transactions accepted for submission for clearing through CME ClearPort. In addition, with the Transition, ten Green options products (currently available for trading on the New York trading floor) will be transitioned to and newly listed for trading on the CME Globex platform.

Currently, select Green products are available for customer testing in New Release on the Market Data Platform channel 32. The remaining changes to New Release will be rolled in as follows:

• November 1, 2010
  • 14 final Green futures products will be available in New Release on the existing channel 32.

• November 8, 2010
  • Market data for all the Green futures will be disseminated in New Release on the new Green Exchange futures channel 18.
  • Market data for the three existing Green options, currently disseminated in New Release on channel 37, will be migrated to the new Green Exchange options channel 19.

• November 22, 2010
  • Seven new Green Exchange options will be launched in New Release with market data available on channel 19.

 Cash-Settled Cheese Futures Strips
Effective this Sunday, October 31 (trade date Monday, November 1), 3-, 6-, and 12-month strips on cash-settled cheese futures will be listed for trading on CME Globex.

These strips will use tag 55-Symbol=DY, tag 1151-SecurityGroup=CSC and tag 762-SecuritySubType=FS.

The new strips are currently available for customer testing in New Release.

Expansion of Contract Months for the 3.5% Fuel Oil (Platts) Barges FOB Rdam Crack Spread Swap Futures
Effective this Sunday, October 31 (trade date Monday, November 1), CME Group will expand the contract months listing for the 3.5% Fuel Oil (Platts) Barges FOB Rdam Crack Spread Swap Futures (code FO).

The listing will be expanded as follows:

• The contracts will be listed through the current calendar year plus the next consecutive four (4) full calendar years.
• Following the termination of the December contract month, a new full calendar year will be added on an annual rolling basis.

These contracts are currently listed on the NYMEX trading floor and CME ClearPort.

 Amendment to Termination of Trading Rule for the Colombian Peso Futures
 

Please be advised that, beginning with the December 2010 contract month, the Colombian Peso futures contract (V2) the last trade date will be modified as follows:

The last trading day for NYMEX Colombian Peso Futures Contracts shall be the Wednesday immediately prior to the second Thursday of the contract month. In the event that the Wednesday immediately prior to the second Thursday of the contract month is an Exchange holiday, the termination of trading will occur on the business day immediately.

 Discontinued S&P Real Time Indices
Effective Friday, November 5, at the close of business on July the following S&P Index will be discontinued.

 Revised ITC 2.1 Fractional Indicators
Effective Monday, November 8, the ITC 2.1 fractional indicator will be modified for the select S&P Indexes. Please click   here to view the complete list of indexes.

 New S&P Real Time Indices
Effective Monday November 15, CME Group will begin disseminating the new indices detailed below. These indices will be transmitted every 15 seconds, via Channel 3 of CME’s MDP, with an Exchange Code of “M.”

 New S&P Real Time Indices
Effective Monday November 22, CME Group will begin disseminating the new indices detailed below. These indices will be transmitted every 15 seconds, via Channel 3 of CME’s MDP, with an Exchange Code of “M.”

 New S&P Real Market Data Platform Channel
Effective Sunday, December 19, CME Group will introduce a new Market Data Platform (MDP) channel to support S&P indices. All existing S&P Indices, which currently reside on MDP channel 3 will migrate to the new MDP channel 109 all other indexes will remain on MDP channel 3.

With this migration, the following ITC 2.1 Specification changes will occur for all S&P indexes, which will be disseminated on MDP channel 109:

• Message Time Stamp will be disseminated in Greenwich Mean Time (GMT).
• Message Day Code will be based on the date of where the index is traded (Asian index will reflect accurate date and GMT).
• New Exchange IDs will be utilized to give customers the ability to distinguish entitlement offerings.
  • XL – S&P 100 and S&P 500
  • XF – all other Fee Liable indexes
  • XW – all Fee Waived

The new MDP Channel 109 and ITC 2.1 Specification changes will be available for customer testing in production parallel starting Sunday, November 21. The new IPs and Ports will be made available in the comings weeks.

 CME Co-Location Services Details
CME Co-Location Services – comprised of hosting, connectivity and support services – will launch early 2012 at our new state-of-the-art data center. The CME Group Data Center, designed to be environmentally friendly and energy efficient, will provide the following services:

• Power and Space
• Lowest Latency and Equidistant Access for All Customers
• Exceptional Support and Responsiveness

If you are interested in having the lowest possible latency connection to the CME Globex platform, contact your   Global Account Manager today.

 Learn more about CME Co-Location Services, visit   www.cmegroup.com/colo

 View   CME Co-Location Services Brochure (PDF)

 To request additional information and to apply, please contact your  Global Account Manager at +1.312.634.8700 in the United States; +44.20.7796.7100 in Europe; and +65.6593.5574 in Asia.

CME Co-Location Briefing Center Now Open
 

For your convenience, the CME Co-Location Briefing Center is now open and located at 141 West Jackson in Chicago, IL.

The Briefing Center includes displays of:

• Cabinets and Cages
• Cabling Options
• Power Strips

Conference room facilities are also available.

To access the Briefing Center, an appointment is needed. Please contact your  Global Account Manager for further information and to schedule an appointment today.