• CME Globex Notices: July 11, 2016

      • To
      • CME Globex and Market Data Customers
      • From
      • GMSS
      • #
      • 20160711
      • Notice Date
      • 11 July 2016

    • Topics in this issue include:

       

      Critical System Updates

      iLink Session ID Policy and Operational Guidelines

      In 2015, CME Group introduced a new policy for the distribution and management of iLink session IDs as explained in the Update iLink Session ID Policy and Operational Guidelines. Now that rollout of the Market Segment Gateways is complete, that policy is being updated as noted below.

      Please see important iLink Session Policy dates:

      • Friday, July 1, 2016 - iLink session IDs that fail to meet the minimum monthly volume thresholds for the month of July will be subject to the Monthly Inactivity Charge (MIC). Inactive iLink session IDs must be deleted on or before July 29 to avoid the MIC.
      • Friday, July 29, 2016 - all traded-in CGW iLink session IDs will be deleted and no longer available for use.
      • Beginning Monday, August 1, 2016, when traded-in, CGW iLink session IDs will have their delete date set to the first Friday three weeks after the date traded-in after which, they will no longer be enabled for order entry purposes.

      Please contact your Global Account Manager with any questions.

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      CME Globex Performance Enhancements

      Starting Sunday, July 10, CME Group began implementing an enhancement to futures and options markets on the CME Globex platform. In internal testing, these enhancements reduced latency on CME Globex greater than 10% for futures markets and 25% for options on futures.

      There will be no changes to functionality or messaging format with these performance improvements. Good 'Till Cancelled and Good 'Till Date (GTC/GTD) orders will not be impacted.

      CME Globex Performance Enhancements
      Tag1300-MarketSegmentID Market Segment Production Launch
      64 CME E-mini S&P 500 futures July 17
      66 CBOT Equity futures
      62 CME FX futures
      56 NYMEX and COMEX options

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      Update - Streamlined SBE Market Data Protocol

      † Denotes update to the article

      CME Group will continue implementing Streamlined Simple Binary Encoding (SBE) market data protocol. Streamlined SBE will replace the existing streamlined FIX/FAST market data protocol to align the market data protocol with MDP 3.0 encoding format.

      Please refer to the table for the implementation schedule and client impact assessments.

      Streamlined SBE Market Data Protocol
      SBE Feed Production New Release Client Impact Assessment Availability
      Blocks Available Available Blocks Streamlined Conversion to SBE
      Equity Indices - S&P & Dow Jones †July 17 Available Equity Indices Streamlined Conversion to SBE
      Equity Indices - Bloomberg November 6 Available Equity Indices Streamlined Conversion to SBE
      Eris September 11 August 8 Eris Exchange Streamlined Conversion to SBE
      OTC-EOD September 25 August 22 TBD

      A new SBE config.xml file for production is now available for customer download from CME Group FTP site.

      The new Streamlined SBE schema is currently available in New Release. This new schema file includes support for Equity Indices, Eris and OTC-EOD.

      Customer systems receiving market data via Streamlined SBE must complete a mandatory certification suite for each market type.

      With the launch of the Streamlined SBE Equity Indices Bloomberg feed, the corresponding streamlined FIX/FAST feed will be decommissioned on the Friday prior to the New Release and Production launch. Streamlined SBE Equity Indices S&P & Dow Jones will support parallel feeds for streamlined FIX/FAST and SBE in both the New Release and Production environments.

      Additional details on each streamlined SBE conversions will be announced in future Globex Notices.

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      iLink Enhancement for New Nanosecond Timestamp

      Effective this Sunday, July 17 (trade date Monday, July 18), in order to provide more transparency between iLink order entry and MDP 3.0 market data, iLink will support a new FIX tag 5979-RequestTime on all Convenience Gateway (CGW) and Market Segment Gateway (MSGW) sessions. Tag 5979-RequestTime is currently available for customer testing.

      This new timestamp represents the time the customer iLink message was received by the Market Segment Gateway and had FIFO order handling applied. The new tag will provide the date and time, in Universal Time Coordinated (UTC), represented in nanoseconds past the UNIX epoch time (00:00:00 UTC on 1 January 1970) with microsecond precision.

      Tag 5979-RequestTime will be added to all iLink application messages sent from CME Globex to the client system, except for the following application messages:

      • Security Definition (tag 35-MsgType=d)
      • Quote Cancel Acknowledgement (tag 35-MsgType=b, Tag 9775-UnsolicitedCancelType=A, B, C, D, E, F or H)
        • Only for Unsolicited Quote Cancel

      Additionally, no administrative messages sent from CME Globex to the client system will include tag 5979-RequestTime.

      For unsolicited outbound messages (e.g. trade cancel, end of day eliminations, unsolicited cancels, etc.) where there are no iLink inbound messages, tag 5979 will represent the time at which the transaction is processed on the trading engine in nanoseconds.

      Tag FIX Name Req Format Description
      5979 RequestTime N Int (20) Information carried on a response to convey the time (UTC) when the request was received by the MSGW application.UTC timestamps are sent in number of nanoseconds since UNIX epoch withmicrosecond precision.

      With this launch, tag 60-TransactTime will be redefined to the time when a customer iLink message reaches MSGW where applicable. Otherwise, tag 60 value will continue to represent trading engine event time as it does today.

      Customers may use iLink tag 60 or tag 5979 interchangeably, depending on the level of timestamp granularity needed, and can leverage them in combination with the MDP 3.0 tag 60 value.

      Please note that:

      • iLink tag 60 timestamp is sent in the existing UTC format with millisecond precision.
      • MDP 3.0 tag 60 timestamp is sent in number of nanosecond since UNIX epoch withmicrosecond precision.

      More details on the new timestamp are available in the New iLink Architecture client impact assessment.

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      Update - CME FX Displayed Quantity Decommission

      † Denotes update to the article

      Effective close of business Friday, August 19, the Displayed Quantity order qualifier will be decommissioned for FX futures and options markets †to support the upcoming Volatility-Quoted Options and Triangulation initiatives on CME Globex. All remaining products are not impacted. With this change, customers will no longer be able to define the Displayed Quantity in tag 210-MaxShow of the FX New Order or Cancel/Replace Request (tag 35-MsgType=G) messages.

      †Messages with tag 210 will be rejected with the Execution Reject message (tag 35-MSGType=8, tag 39-OrdStatus=8), tag 58-Text=Invalid order qualifier 'Order's group: <Symbol> is ineligible for Display Quantity Order.'

      To facilitate this change, customers are asked to cancel all FX Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders utilizing the Displayed Quantity after the close on Friday, August 19. After 16:00 CT on Friday, August 19, all remaining GT orders for these FX futures and options will be cancelled or deleted by the CME Global Command Center (GCC).

      The FX Displayed Quantity order decommission will be available in New Release for customer testing on Monday, July 25.

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      Network Time Protocol (NTP) Server Decommission

      As a part of the expansion of CME Globex to Data Center 3, CME Group has deployed new Network Time Servers.

      The following CME Network Time Protocol (NTP) server will be decommissioned effective Friday, August 26.

      • 209.133.24.7

      Customers who utilize the NTP synchronization service from CME Group are required to update their NTP configurations to the following NTP servers. These changes can be made at any time. If the NTP configuration is not updated, customers may not be synchronized to CME clock source.

      Customers should update their configuration to utilize the following NTP servers.

      • 205.209.218.171
      • 205.209.218.172
      • 205.209.218.173

      Please refer to the Network Time Protocol for additional details.

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      MDP 3.0 Schema

      Starting on Sunday, September 25 (trade date Monday, September 26), CME Group will begin implementing new MDP 3.0 SBE schema files to support the upcoming Market by Order, Triangulation and Consolidated Fills initiatives on CME Globex. For more information regarding these initiatives, please see the CME Group Customer Forum. With the new MDP 3.0 SBE schema release, CME Group expects up to a 10% bandwidth increase per market data channel.

      This Sunday, July 17, a new schema will be launched in to the New Release environment. The new version 8 schema will replace version 7 and will be the version launched into production. The new schema can be viewed here.

      In order to ease customer development efforts, the new SBE schema files will support Template Extension. CME Group recommends that the new Schema file be downloaded and implemented on the production launch date for each channel.

      Schema Channel Launch Schedule
      Channels Production New Release
      314 - CME Globex FX Futures
      315 - CME Globex FX Options
      316 - CME Globex Commodity Futures
      317 - CME Globex Commodity Options
      320 - CME Globex FX Futures II
      321 - CME Globex FX Options II      		 September 25, 2016 Available
      310 - CME Globex Equity Futures
      311 - CME Globex Equity Options
      312 - CME Globex Interest Rate Futures
      313 - CME Globex Interest Rate Options
      318 - CME Globex Equity Futures - excludes E-mini S&P 500
      319 - CME Globex Equity Options - excludes E-mini S&P 500      		 October 2, 2016 Available
      384 - NYMEX Globex Metals, Softs, & Alternative Market Futures
      385 - NYMEX Globex Metals, Softs, & Alternative Market Options
      360 - COMEX Globex Futures
      361 - COMEX Globex Options
      380 - NYMEX Globex Emissions Futures
      381 - NYMEX Globex Emissions Options
      440 - DME Globex Futures
      441 - DME Globex Options
      		 October 2, 2016 Available
      382 - NYMEX Globex Crude & Crude Refined Futures
      383 - NYMEX Globex Crude & Crude Refined Options
      386 - NYMEX Globex Nat Gas & other Non-Crude Energy Futures
      387 - NYMEX Globex Nat Gas & other Non-Crude Energy Options
      410 - CME Europe Globex Futures
      411 - CME Europe Globex Options      		 October 23, 2016 Available
      340 - CBOT Globex Commodity Futures
      346 - CBOT Globex Commodity Futures II
      341 - CBOT Globex Commodity Options
      460 - MGEX Globex Futures
      461 - MGEX Globex Options      		 January 8, 2017 Available
      342 - CBOT Globex Equity Index Futures
      343 - CBOT Globex Equity Index Options
      344 - CBOT Globex Interest Rate Futures
      345 - CBOT Globex Interest Rate Options      		 January 22, 2017 Available
      430 - BMD Globex Futures
      431 - BMD Globex Options
      450 - KRX Globex Futures
      Administrative Messages for TCP Replay      		 January 22, 2017 Available

      To support the new schema rollout the CME FTP site will be updated as follows:

      New Release: ftp://ftp.cmegroup.com/SBEFix/NRCert/Templates/
      Schema Version Current State July 17, 2016
      V6 templates_FixBinary_v6.xml templates_FixBinary_v6.xml
      V7 templates_FixBinary.xml  
      V8 templates_FixBinary_v8.xml templates_FixBinary.xml
      Production: ftp://ftp.cmegroup.com/SBEFix/Production/Templates/
      Schema Version August 28, 2016 August September 24, 2016
      V6 templates_FixBinary.xml templates_FixBinary_v6.xml
      V8 templates_FixBinary_v8.xml templates_FixBinary.xml

      Please note as of September 24, 2016, Template Archive will contain Templates_FixBinary_v6.xml.

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      Changes to BM&F BOVESPA (BVMF) Order Routing Offering

      Effective end of day Friday, October 28, order routing and market data for BM&F BOVESPA (BVMF) products will no longer be available via the CME Globex platform. Existing order routing customers to BVMF markets should contact their Brazilian broker. Customers wishing to pursue market access to BVMF markets may also contact BVMF at +55 11 2565-5000 (dial ‘0’ for English, then ‘2’ for Trading).

      Customers wishing to pursue market access to CME Group markets should contact Global Account Management in the U.S. at +312 634 8700, in Europe at +44 203 379 3754, or in Asia at +65 6593 5505.

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      New Functionality

      Update - Metals Marker Prices

      † Denotes update to the article

      Effective Sunday, †September 11 (trade date Monday, †September 12), new Marker prices for the following future spreads will be published via Market Data Platform 3.0.

      Metals Marker Prices
      Product iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Gold/Silver Ratio Marker GV
      Gold/Platinum Spread Marker GP
      Platinum/Palladium Spread Marker PU

      Marker Price data blocks are sent in the MDP 3.0 Market Data Incremental Refresh (tag 35-MsgType=X) with the following attributes:

      • Tag 279- MDUpdateAction will be set to 0 = New;
      • Tag 269-MDEntryType will be set to W = Fixing Price;
      • Tag 48-SecurityID of the instrument for which the marker price is calculated; and
      • Tag 5796-Trading Reference will display the date for which the marker price was calculated.

      The new marker prices will be available in New Release for customer testing on Monday, †August 29.

      The Gold/Silver Ratio and Gold/Platinum Spread markers are subject to the rules and regulations of COMEX.

      The Platinum/Palladium Spread marker is subject to the rules and regulations of NYMEX.

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      NYMEX and DME Futures Implied Changes

      Effective Sunday, August 7 (trade date Monday, August 8), the second-generation implied functionality will be removed from all NYMEX and DME futures on Market Segments 78 and 80, including all intra- and inter-commodity and inter-exchange spreads. First generation implied functionality will still be supported.

      This change will be available for customer testing in New Release on Monday, July 25.

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

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      User-Defined Spreads Enhancement

      Effective Sunday, August 21 (trade date Monday, August 22), to better identify options User-Defined Spreads, intercommodity spreads will be defined as Generics (tag 762-SecuritySubType=GN). Conditional Curve spreads (762=CC) will continue to allow intercommodity legs.

      To prepare for this change, all Exchange-Recognized UDS with intercommodity legs will be eliminated at end of day Friday, August 19. Please cancel any GTC or GTD orders on these spreads prior to the elimination.

      This change is available in New Release for customer testing.

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      New - Natural Gas Reduced Tick Inter-Commodity Spread

      Effective Sunday, September 11 (trade date Monday, September 12), CME Group is launching a Natural Gas Reduced Tick Inter-Commodity Option Spread (tag 762=EO) with a tenth-tick (1/10) between Natural Gas American-style option (ON) and Natural Gas European-style option (LNE) energy contracts.

      To facilitate this change, all Generic (GN) 1:1 ON/LNE spreads and the associated orders will be removed. Customers are asked to cancel all Good 'Till Cancel (GTC) orders for the impacted spreads after their close Friday September 9, 2016. After 16:00 CT Friday, September 9, all remaining GTC orders for these spreads will be cancelled by the CME Global Command Center (GCC).

      The client impact assessment is now available, which outlines changes introduced in this release.

      This change will be available for customer testing in New Release on Monday, July 25.

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      Product Launches

      Unbalanced Strip Spreads for Henry Hub Natural Gas Last Day Financial Futures

      Effective this Sunday, July 17 (trade date Monday, July 18), the following Unbalanced Strip Spreads for Henry Hub Natural Gas Last Day Financial futures will be listed for trading on CME Globex.

      Unbalanced Strip Spreads for Henry Hub Natural Gas Last Day Financial Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 tag 762-SecuritySubType
      Henry Hub Natural Gas Last Day Financial futures NN NG WS (Unbalanced Strip spread)

      These products are available in New Release for customer testing.

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

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      New - ISO New England Daily Power Futures

      Effective Sunday, July 24 (trade date Monday, July 25), the following daily power futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      ISO New England Daily Power Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      ISO New England Connecticut Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures NCO PW
      ISO New England Maine Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures NMO PW
      ISO New England New Hampshire Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures NHO PW
      ISO New England North East Massachusetts Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures NEO PW
      ISO New England Rhode Island Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures NRO PW
      ISO New England South East Massachusetts Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures NSO PW
      ISO New England West Central Massachusetts Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures NWO PW
      ISO New England Connecticut Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures NTP PW
      ISO New England Maine Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures NMP PW
      ISO New England New Hampshire Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures NHP PW
      ISO New England North East Massachusetts Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures NNP PW
      ISO New England Rhode Island Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures NRP PW
      ISO New England South East Massachusetts Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures NSP PW
      ISO New England West Central Massachusetts Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures NWP PW

      These futures 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 NYMEX.

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      New - Argus European Naphtha Futures

      Effective Sunday, August 7 (trade date Monday, August 8), the following Argus European Naphtha Futures will be listed for trading on CME Globex and for submission to clearing via CME ClearPort.

      Argus European Naphtha Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Mini Naphtha (Free Spec) Cargoes CIF NWE (Argus) Futures NCF RF
      Mini Naphtha (Free Spec) Barges CIF ARA (Argus) Futures NBF RF
      Mini Naphtha (Free Spec) Cargoes CIF NWE (Argus) Crack Spread (100mt) Futures NCC RF

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

      Please view the New Product Summary.

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

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      New - Premium-Quoted European-Style Options on FX Futures

      Effective Sunday, August 7 (trade date Monday, August 8), premium-quoted European-style options on the six Major FX futures will be listed for trading on the CME trading floor and on CME Globex and for submission for clearing via CME ClearPort.

      These new European-style FX options will replace the existing American-style FX options once the existing listed contract months expire and roll-off over time.

      The last listed American-style options for these FX options as of August 8, 2016, will be as follows:

      • November 2016 – Serial month
      • June 2017 – Quarterly month
      • September 2016 Week1 – Weekly contract

      The new European-style listings on Day 1 (Monday, August 8, 2016) will begin with the January 2017 monthly expiry. Subsequent new expiry listings going forward will be listed as a European-style only, not as American-style.

      Premium-Quoted European-Style Options on FX Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      AUD/USD Premium-Quoted European-Style Option – 2 pm Fix ADU XA
      AUD/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1AD – 5AD XA
      GBP/USD Premium-Quoted European-Style Option – 2 pm Fix GBU YB
      GBP/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1BP-5BP YB
      CAD/USD Premium-Quoted European-Style Option – 2 pm Fix CAU CD
      CAD/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1CD-5CD CD
      CHF/USD Premium-Quoted European-Style Option – 2 pm Fix CHU YS
      CHF/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1SF-5SF YS
      EUR/USD Premium-Quoted European-Style Option – 2 pm Fix EUU XE
      EUR/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1EU-5EU XE
      JPY/USD Premium-Quoted European-Style Option – 2 pm  Fix JPU QJ
      JPY/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1JY-5JY QJ

      These new options will be available in New Release for customer testing on Monday July, 25.

      Please view the New Product Summary and listing schedule.

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

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      New - Weekly FX Options

      Effective Sunday, August 7 (trade date Monday, August 8), the following weekly FX options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Weekly FX Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Brazilian Real/US Dollar (BRL/USD) Weekly Options 1R-5R OR; USD: OL
      Mexican Peso (MXN/USD) Weekly Options 1M-5M MO; UDS: 0M
      New Zealand Dollar (NZD/USD) Weekly Options 1Z-5Z 2N; UDS: 3N
      Euro/British Pound (EUR/GBP) Weekly Options 1E-5E 8E; UDS: 8F
      Euro/Japanese Yen (EUR/JPY) Weekly Options 1H-5H 8H; UDS: 8J
      Euro/Swiss Franc (EUR/CHF) Weekly Options 1I-5I 8C; UDS: 8D

      These options will be available for customer testing in New Release on Monday July, 25.

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

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      Update - Crude Oil Futures

      † Denotes update to the article

      Effective Sunday, †August 28 (trade date Monday, †August 29), the following crude oil futures will be listed for trading on CME Globex and for submission to clearing via CME ClearPort.

      Crude Oil Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Urals Mediterranean (S&P Global Platts) vs. Dated Brent (S&P Global Platts) CFD Futures UMD CC
      Urals North (S&P Global Platts) vs. Dated Brent (S&P Global Platts) CFD Futures UNS CC
      CPC Blend CIF Mediterranean (S&P Global Platts) vs. Dated Brent (S&P Global Platts) Futures CPD CC

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

      Please view the †New Product Summary.

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

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      New - EU Wheat Futures and Options

      Effective Sunday, September 11 (trade date Monday, September 12), EU Wheat futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      EU Wheat options will be listed for trading on CME Globex, open outcry and for submission for clearing via CME ClearPort.

      EU Wheat Futures and Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group (UDS)
      EU Milling Wheat Futures WEU MU N/A
      EU Milling Wheat Options WEO M3 M4

      These changes will be available for customer testing in New Release on Monday, August 8.

      Please view the New Product Summary.

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

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      Bursa Malaysia Derivative Berhad (BMD) Tin Futures

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to list Tin futures for trading on CME Globex, in late Q3 2016.

      Bursa Malaysia Derivative Berhad (BMD) Tin Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Trading Hours
      Tin Futures FTIN BN First Trading Session
      9:00 a.m. - 12:00 p.m. Malaysian Standard Time (MST)
      8:00 p.m. - 11:00 p.m. Central Time (CT)
      Second Trading Session
      1:30 p.m. -  3:00 p.m. (MST)
      12:30 a.m. - 2:00 a.m. (CT)

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

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      Bursa Malaysia Derivative Berhad (BMD) 10-year Malaysian Government Securities Futures

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to list the 10-year Malaysian Government Securities futures for trading on CME Globex, in late Q3 2016.

      Bursa Malaysia Derivative Berhad (BMD) 10-year Malaysian Government Securities Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Trading Hours
      10-year Malaysian Government Securities Futures FMGA B1 First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      7:00 p.m. - 10:30 p.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 6:00 p.m. (MST)
      12:30 a.m. - 4:00 a.m. (CT)

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

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      Product Changes

      New - Delist MISO Indiana Hub DA PCM 5 MW Futures

      On Monday, July 11, all maturities for the MISO Indiana Hub DA PCM 5 MW futures were delisted from CME Globex.

      These futures will be removed from CME Globex end of day Friday, July 15.

      Delist MISO Indiana Hub DA PCM 5 MW Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      MISO Indiana Hub DA PCM 5 MW Futures PDO ZZ

      There was no open interest in the delisted futures contract months.

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      FIX Tag 200 Change for MexDer Daily Dollar Contracts

      Effective Sunday, July 17 (trade date Monday, July 18), for the MexDer Mexican Peso/US Dollar Daily Futures, the Security Definition message will identify the daily maturity in FIX tag 200-MaturityMonthYear. With this change, values in tag 200 will be formatted YYYYMMDD.

      Mexican Peso/US Dollar Daily Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Mexican Peso/US Dollar Daily Futures M:DAXX M:FD

      Monthly M:DAXX contracts will continue to contain the format YYYYMM in FIX tag 200.

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

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      Listing Cycle Expansion for Crude Oil Financial Calendar Spread Option - 1 Month

      Effective Sunday, July 24 (trade date Monday, July 25), the listing cycle for Crude Oil Financial Calendar Spread Option – 1 Month, will be expanded on CME Globex, and clearing submission via CME ClearPort.

      Expand Contract Listing for Crude Oil Financial Calendar Spread Option - 1 Month
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Listing Cycle New Listing Cycle
      Crude Oil Financial Calendar Spread Option - 1 Month B7A LO 12 consecutive maturities 24 consecutive maturities

      This change is available for customer testing in New Release.

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

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      New - Additional Listing Cycles to Base Metal Futures Calendar and Extension of Strip Spreads

      Effective Sunday, August 7 (trade date Monday, August 8), additional calendar and strip spreads will be listed for trading on CME Globex for Aluminium European Premium Duty-Unpaid (Metal Bulletin) futures.

      Additional Listing Cycles to Base Metal Futures Calendar and Extension of Strip Spreads
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Listing Rules New Listing Rules
      Aluminum MW U.S. Transaction Premium Platts (25MT) Futures AUP ST No strip spreads listing rules 1 balance of year strip, 12 quarterly strips
      Aluminium European Premium Duty-Unpaid (Metal Bulletin) Futures AEP ST

      1 balance of year strip, 4 quarterly strips

      		 1 balance of year strip, 12 quarterly strips
      Aluminium European Premium Duty-Paid (Metal Bulletin) Futures EDP ST 1 balance of year strip, 4 quarterly strips 1 balance of year strip, 12 quarterly strips
      Aluminum Japan Premium (Platts) Futures MJP ST No calendar or strip spreads listing rules 12 consecutive maturities
      1 balance of year strip, 12 quarterly strips
      Aluminum Futures ALI ST 24 consecutive maturities
      2 calendar year strips, 1 balance of year strip, 8 quarterly strips      		 36 consecutive maturities
      5 calendar year strips, 1 balance of year strip, 20 quarterly strips

      These futures will be available in New Release for customer testing on Monday, July 25.

      These contracts are listed on, and subject to, the rules and regulations of COMEX.

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      Changes to Bursa Malaysia Derivative Berhad (BMD) 3-year Malaysian Government Securities Futures

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to modify the trading hours for the 3-year Malaysian Government Securities futures, in late Q3 2016, as follows.

      Changes to Bursa Malaysia Derivative Berhad (BMD) 3-year Malaysian Government Securities Futures
      Product
      MDP 3.0: tag 6937-Asset      		 iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Trading Hours New Trading Hours
      3-year Malaysian Government Securities futures FMG3 BI First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      7:00 p.m. - 10:30 p.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 5:00 p.m. (MST)
      12:30 a.m. - 3:00 a.m. (CT)      		 First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      7:00 p.m. - 10:30 p.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 6:00 p.m. (MST)
      12:30 a.m. - 4:00 a.m. (CT)

      With this change, the FMG3 expiration time on final trading day for the expiring month contract will be changed from 11:00 a.m. to 6:00 p.m. (MST).

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

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      Events and Announcements

      Messaging Efficiency Program Q3 2016 Benchmarks

      The Q3 2016 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available online. The Product Group Benchmark Ratios are published quarterly, unless business circumstances for a particular product or product group require changes to be implemented more frequently.

      As a result of the expected reduction of the Canadian Dollar/US Dollar (“CAD/USD”) futures contract effective Sunday, July 10, 2016 (trade date Monday, July 11), the Benchmarks for Product Group 6C (Canadian Dollar Futures & Spreads) were increased to the following on Tuesday, July 5:

      • Tier 1 (>60,000 messages): 40:1
      • Tier 2 (>40,000 messages): 80:1
      • Tier 3 (>20,000 messages): 160:1

      Unless otherwise stated by CME Group in future communications, effective trade date Monday, October 3, 2016, the Product Group Benchmarks for Product Group 6C (Canadian Dollar Futures & Spreads) will revert back to the following levels:

      • Tier 1 (>60,000 messages): 20:1
      • Tier 2 (>40,000 messages): 40:1
      • Tier 3 (>20,000 messages): 80:1

      Additionally, on Tuesday, July 5, 2016, the following product groups and levels were added to the Messaging Efficiency Program; however, surcharges will not take effect until trade date September 1, 2016.

      Sector Product Group Code Product Group Description Tier #3 Ratio Tier #2 Ratio Tier #1 Ratio
      Energy OP Brent Crude Oil Last Day Financial Futures 180:1 120:1 60:1
      Equity EZ E-Mini S&P 500 Outright Options 300:1 200:1 100:1
      Equity EW E-Mini S&P 500 Weekly & Monthly Options 300:1 200:1 100:1
      Equity QZ E-Mini NASDAQ 100 Outright Options 300:1 200:1 100:1
      Equity NW E-Mini NASDAQ 100 Weekly & Monthly Options 300:1 200:1 100:1
      Equity C9 E-Mini Dow ($5) Outright Options 300:1 200:1 100:1
      Equity OL E-Mini Dow ($5) Weekly & Monthly Options 300:1 200:1 100:1

      CME Globex firms who exceed the benchmark ratios in the new product groups and are currently signed-up to receive Messaging Efficiency Program email notifications will be informed of any theoretical surcharges via a sample email notification.

      The CME Globex Messaging Efficiency Program creates fair business guidelines by which customers are billed a surcharge for overly high message rates.

      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 with any questions.

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      CME Global Command Center Phone Menu Changes

      Effective Sunday, August 14, the CME Global Command Center’s (GCC) phone menu options will be modified to enhance our ability to expedite and resolve customer requests. Please take note of the changes to our menu options.

      Phone Menu Updates:

      • Press 1 for Market and Product Support
        • Press 1 to Invoke the Error Trade Policy
        • Press 2 for Order Status or Order Cancellation
        • Press 3 to Report a Block Trade
        • Press 4 for All Product Inquiries including Settlements
      • Press 2 for Technical Support
        • Press 1 for Frontend Support for CME Direct or ClearPort
        • Press 2 for Order Routing or Market Data Issues including Order Rejections
        • Press 3 for STP Post-Trade Feed Support
        • Press 4 for All Risk Management Tools Support including FirmSoft and GC2

      Please Note: Customers can press their menu selection at any time

      If you have any questions, please contact the CME Global Command Center in the U.S. at +1 800 438 8616, in Europe at +44 20 7623 4747 or in Asia at +65 6532 5010.

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      CME Group Security Ecosystem

      CME Group is committed to our customers’ information security. To deliver the best security and customer experience, as announced in the recent CME Group Customer Forums, all certified third-party customer-facing applications that support human-to-machine authentication to CME Group systems will be required to support strong passwords, encryption of confidential and sensitive data, and two-factor authentication by the end of 2016.

      Please contact your Global Account Manager or third-party provider with any questions.

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      Market by Order: Coming Soon

      To increase transparency and provide more choice to customers, CME Group will soon be enabling Market by Order (MBO) functionality in line with the current Market by Price (MBP) service for CME Globex electronic markets.

      Key Features:

      • Ability to view individual queue position and size of individual orders at a price while remaining anonymous
      • Existing channels enhanced to provide both Price and Order data on a single feed
      • Historical MBO data available following the real-time launch
      • DCM and asset class roll out model
      • Supported by CME Direct

      The new MBO functionality will be phased over several months, starting Q4 2016 through Q2 2017.

      More information is available in the CME Group Customer Forum. Technical specifications and the launch schedule will be published in the CME Globex Notice in Q3.

      Please contact your Global Account Manager with any questions in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505.

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CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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