• CME Globex Notices: June 14, 2021

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      • CME Globex and Market Data Customers
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      • Globex Market Solutions & Services (GMSS)
      • #
      • 20210614
      • Notice Date
      • 17 June 2021

    • Topics in this issue include:

    • For the latest roadmap of CME Group technology initiatives:
      See the Development Launch Schedule.

      Critical System Updates

      CME Globex Performance Enhancements - June 27

      The CME Globex Performance Enhancements will continue Sunday, June 27. CME Group is implementing infrastructure and hardware upgrades to futures and options markets on the CME Globex platform. In internal testing, these enhancements improved performance on CME Globex more than 20% for both iLink 2 and iLink 3 order entry and MDP 3.0.

      LAUNCH DATE MARKET SEGMENT ID MARKET SEGMENT DESCRIPTION
      June 27 52 CME Globex FX Futures II
      CME Globex FX Options II
      56

      DME Globex Options
      NYMEX Globex Crude & Crude Refined Options
      NYMEX Globex Nat Gas & other Non-Crude Energy Options
      NYMEX Globex Metals, Softs & Alternative Markets Options
      COMEX Globex Options
      68

      CME Globex Equity Futures excluding ES
      CBOT Globex Equity Index Futures
      72 CME Globex Equity Options excluding ES
      CBOT Globex Equity Index Options
      78

      NYMEX Globex Emissions Futures
      NYMEX Globex Nat Gas & other Non-Crude Energy Futures
      July 11 50 CME Interest Rate Options
      54 CME Globex ES Equity Options
      CME Globex Equity Options - Micro E-mini
      64 CME Equity Futures
      76

      NYMEX Globex Metals, Softs and Alternative Markets Futures
      COMEX Globex Futures
      82 CME Globex Interest Rate Futures
      CBOT Interest Rate Futures II
      88 CME Globex FX Futures
      CME Globex FX Options
      July 25 58 CBOT Interest Rate Options
      60 CME Globex Commodity Options
      CBOT Globex Commodity Options
      MGEX Globex Options
      74 BMD Globex Futures
      BMD Globex Options
      80 DME Globex Futures
      NYMEX Globex Crude & Crude Refined Futures
      84 CBOT Interest Rate Futures

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      UpdateUpdate - CME FX Link Enhancements: New Zealand Dollar/US Dollar Spot FX Impact - June 27

      † Denotes update to the article

      Effective Sunday, June 27 (trade date Monday, June 28), to align spreads trading between CME FX futures and the OTC FX market for the New Zealand Dollar (NZD) Futures, CME Group will update the following features:

      • Change to tag 1151-Security Group
      • Differentiated tag 75-TradeDate and tag 64-SettleDate(Value date) roll schedules between the New Zealand Dollar futures and its untradeable OTC Spot FX leg instrument published in the Security Definition (35=d) message.
        • †For example, for Sunday July 4, 2021 through Monday July 5, 2021, 14:00, NZD future and NZD Link trade date will be Tuesday, July 6 and NZD spot leg trade date will be Monday, July 5. Currently, for Sunday, July 4 through Monday, July 5 14:00, NZD future, NZD Link and NZD spot leg would share the same trade date of Tuesday, July 6.

      †Please Note: All Holiday trading schedules are communicated by the Global Command Center and available on cmegroup.com.

      CME FX Link Enhancements: New Zealand Dollar/US Dollar Spot FX Impact
      Product MDP 3.0: tag 6937-Asset Current iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 New iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      New Zealand Dollar/US Dollar Spot FX NZDUSD 02 (Zero-2) 10

      Additional information on Trade and Value Date processing is available on Client System Wiki.

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

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      Product Launches

      UpdateUpdate - Micro USD/JPY, USD/CAD and USD/CHF Futures with OTC Quoting Convention - June 27


      † Denotes update to the article

      Effective Sunday, June 27 (trade date Monday, June 28), pending completion of all regulatory review periods, Micro USD/JPY, Micro USD/CAD and Micro USD/CHF futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Micro USD/JPY, USD/CAD and USD/CHF Futures with OTC Quoting Convention
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Market Data Channel
      Micro USD/JPY Futures M6J 6J †314
      Micro USD/CAD Futures M6C 6C 320
      Micro USD/CHF Futures M6S 6S †314

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

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

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      E-mini S&P 500 Quarterly PM European Style Options - June 27

      Effective Sunday, June 27 (trade date Monday, June 28), pending completion of all regulatory review periods, E-mini S&P 500 Quarterly PM European Style options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      E-mini S&P 500 Quarterly PM European Style Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Market Data Channel ITC Code
      Options on E-mini Standard and Poor's 500 Stock Price Index Futures - Quarterly PM (European-Style) EYC CM (UDS: CN) 311 N/A

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

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

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      NewNew - Financially Settled TTF Futures and Options - July 11

      Effective Sunday, July 11 (trade date Monday, July 12), pending completion of all regulatory review periods, Financially Settled TTF futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Financially Settled TTF Futures and Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Market Data Channel
      Dutch TTF Natural Gas Financial Calendar Month Futures TTG FD 386
      Dutch TTF Natural Gas Financial Day-Ahead/Weekend (ICIS Heren) Calendar Month Futures TTI FD 386
      Dutch TTF Natural Gas Financial (USD/MMBtu) (ICIS Heren) M-1 Average Price Calendar Month Futures TTB FD 386
      Dutch TTF Natural Gas Futures-Style Margined Financial Calendar Month Option TTL Outs-T3, UDS-T4 386

      These Financially Settled TTF futures and options will be available for customer testing in New Release on Monday, June 28.

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

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      Micro WTI Crude Oil Futures - July 11

      Effective Sunday, July 11 (trade date Monday, July 12), pending completion of all regulatory review periods, Micro WTI Crude Oil futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Micro WTI Crude Oil Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Market Data Channel ITC Code
      Micro WTI Crude Oil Futures MCL CL 382 n/a

      These Micro WTI Crude Oil futures will be available for customer testing in New Release on Monday, June 28.

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

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      Product Changes

      Change to Strike Price Listing for Crude Oil and Brent Crude Oil Weekly Options - June 27

      Effective Sunday, June 27 (trade date Monday, June 28), the strike price listing rule will be changed for Crude Oil and Brent Crude Oil Weekly options and will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Change to Strike Price Listing for Crude Oil and Brent Crude Oil Weekly Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current New
      Crude Oil Weekly Option LO1-LO5 LO Minimum 20 strikes at $0.50 per barrel strike increment above and below the at-the-money strike then 10 strikes at $2.50 per barrel strike increment above and below the highest and lowest $0.50 per barrel increment strikes plus dynamic strikes at $0.50 per barrel strike increment. Minimum 20 strikes at $0.25 per barrel strike increment above and below the at-the-money strike, then 10 strikes at $0.50 per barrel strike increment on the nearest 0.50 interval above and below the highest and lowest $0.25 per barrel increment strikes, then 10 strikes at $2.50 per barrel strike increment on the nearest 2.50 interval above and below the highest and lowest $0.50 per barrel increment strikes plus dynamic strikes at $0.25 per barrel strike increment.
      Brent Crude Oil Weekly Option BW1-BW5 OT Minimum 20 strikes at $0.50 per barrel strike increment above and below the at-the-money strike then 10 strikes at $2.50 per barrel strike increment above and below the highest and lowest $0.50 per barrel increment strikes plus dynamic strikes at $0.50 per barrel strike increment. Minimum 20 strikes at $0.25 per barrel strike increment above and below the at-the-money strike, then 10 strikes at $0.50 per barrel strike increment on the nearest 0.50 interval above and below the highest and lowest $0.25 per barrel increment strikes, then 10 strikes at $2.50 per barrel strike increment on the nearest 2.50 interval above and below the highest and lowest $0.50 per barrel increment strikes plus dynamic strikes at $0.25 per barrel strike increment.

      These Crude Oil and Brent Crude Oil Weekly Options will be available for customer testing in New Release on Monday, June 21.

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

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      NewNew -Listing Cycle Expansion for Gulf Coast LNG Export Futures - July 11

      Effective Sunday, July 11 (trade date Monday, July 12), the listing cycle for the following Gulf Coast LNG Export Futures will be expanded on CME Globex.

      Listing Cycle Expansion for Gulf Coast LNG Export Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 Current Listing Schedule New Listing Schedule
      Gulf Coast LNG Export Futures LNG LN Monthly contracts listed for 24 consecutive months Weekly contracts listed for 24 consecutive months

      These futures will be available for customer testing in New Release on Monday, June 28.

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

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      NewNew - Elimination of CME Equity Futures and Options Market Pause - June 27

      Effective Sunday, June 27 (trade date Monday, June 28), CME Group will eliminate the 15 minute market pause from 3:15-3:30 with Security Status (tag 35-Msg-Type=f) message where tag 326-SecurityTradingStatus=21 (Pre-Open) for these CME Equity Index futures and options.

      With this change, the affected Equity Futures and Options products will trade from Sunday-Friday, 5pm-4pm CT, daily, with a 4pm-5pm CT maintenance period.

      Please note: S&P 500 Futures and Options (250 multiplier) as well as all BTIC and TACO products will not be impacted.

      For additional information, please refer to Special Executive Report SER-8788.

      These changes will be available for customer testing in New Release on Monday, June 21.

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

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      Change to E-mini NASDAQ Biotechnology Futures - August 15

      Effective Sunday, August 15 (trade date Monday, August 16), CME Group will make the following changes to the minimum price increment tag 969-MinPriceIncrement and unit of measure quantity 1147- UnitOfMeasureQty for E-mini NASDAQ Biotechnology futures.

      Change to E-mini NASDAQ Biotechnology Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group      		 CURRENT TAG 969 - MINPRICEINCREMENT NEW TAG 969 - MINPRICEINCREMENT CURRENT TAG 1147 - UNITOFMEASUREQTY NEW TAG 1147 - UNITOFMEASUREQTY
      E-mini NASDAQ Biotechnology Futures BIO BQ 10.000000000 50.000000000 50.000000000 25.000000000

      This change will be available for customer testing in New Release on Monday, August 2.

      This contract is listed with, and subject to, the rules and regulations of CME.

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      Events and Announcements

      CME SPAN 2 Margin Methodology - Q4 2021

      CME Group is targeting the initial launch of SPAN 2 Margin Methodology in Q4 2021, starting with a subset of energy products. Any firm that currently uses the CME SPAN methodology and trades impacted products will need to implement one of the following services for computing CME SPAN 2 margin requirements:

      • CME Core – a CME Group hosted web application for Margin Calculation “CME CORE”
      • Margin API – a CME Group hosted margin calculation API
      • Deployable Margin Software – a CME Group java margin calculation library

      Please Note: A limited number of existing pre-trade execution margin calculation processes may continue to be supported.

      Firms using CME SPAN for pre-trade risk management can contact the Post Trade Services team for more information:

      US UK APAC
      +1 312 580 5353 +44 20 3379 3500 +65 6593 5599

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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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