CME Globex Notices: July 5, 2021

Critical System Updates

UpdateUpdate - CME Globex Performance Enhancements - This Week

† Denotes update to the article

† The CME Globex Performance Enhancements will continue this Sunday, July 11. Below are the updated timelines.  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
†July 11	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 25	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
†August 22	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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Petrol Index on Benchmark Administration Premium - July 25

Effective Sunday, July 25 (trade date Monday, July 26), CME Group will launch Petroleum Index on Benchmark Administration Premium MDP. The Petroleum Index is end-of-day index that represents a single price for a basket of underlying Energy futures listed on NYMEX. The index is listed in points and based on a starting value of 100 on launch date, with the value changing daily relative to the movement on the underlying components.

The messages for this index will be sent on the Benchmark Administration Premium Simple Binary Encoding (SBE) Multicast channel ID 261 via SBE template MDIncrementalRefreshSettle401. The Petroleum Index will include the following new tag values:

Petrol Index on Benchmark Administration Premium
Tag	Fix Name	New Valid Values	Description
269	MDEntryType	3 = Index Value	Indicates the type of price
37500	ClearingProductCode	CPX = Petroleum Index CVX = Indicative Petroleum Index	Clearing Product Code
167	SecurityType	INDEX = Index Product	Identifies the type of instrument.

Additional product and instrument reference information can be obtained via Reference Data API.

The Petroleum Index will be available for customer testing in New Release on Monday, July 19.

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CVOL Index on Benchmark Administration Premium - July 25

Effective Sunday, July 25 (trade date Monday, July 26), CME Group will launch the CME Group Volatility Index (CVOL) on Benchmark Administration Premium MDP. Calculated daily, the CME Group Volatility Index (CVOL) delivers cross-asset class family of implied volatility indexes based on simple variance.

The market data messages will be sent on the Benchmark Administration Premium Simple Binary Encoding (SBE) Multicast channel ID 261 via SBE template MDIncrementalRefreshSettle401. The CVOL Index will include the following new values:

CVOL Index on Benchmark Administration Premium
Tag	Fix Name	New Valid Values	Description
269	MDEntryType	3 = Index Value	Indicates the type of price.
37500	ClearingProductCode	See tables below	Clearing Product Code.
167	SecurityType	INDEX = Index Product	Identifies the type of instrument.
9732	FormattedLastPx		Price in Clearing decimal format. For CVOL this field represents one of these values: Volatility Index value (Var) - The main CVOL index value Up Variance (Up Var) - Implied volatility of call options Down Variance (Down Var) - Implied volatility of put options Skew - Difference of Up Var and Down Var At the Money Vol (ATM Vol) - Implied volatility of the theoretical at-the-money (ATM) Premium Convexity - The degree of curvature of the volatility curve as indicated by the ratio of the Volatility Index value and the ATM Vol.
270	MDEntryPx		Identifies the type of instrument.

Additional product and instrument information are defined in Reference Data API.

The CVOL Indexes will be available for customer testing in New Release on Monday, July 19.

Clearing Product Code Mapping

Foreign Exchange

Contract	CVOL Symbol	Up Var Symbol	Down Var Symbol	Skew Symbol	ATM Vol Symbol	Convexity Symbol
EUR/USD (EUU)	EUVL	EUUP	EUDN	EUSK	EUAM	EUCV
GBP/USD (GBU)	GBVL	GBUP	GBDN	GBSK	GBAM	GBCV
JPY/USD (JPU)	JPVL	JPUP	JPDN	JPSK	JPAM	JPCV
AUD/USD (AUU)	ADVL	ADUP	ADDN	ADSK	ADAM	ADCV
CAD/USD (CAU)	CAVL	CAUP	CADN	CASK	CAAM	CACV
MXN/USD (MP)	MPVL	MPUP	MPDN	MPSK	MPAM	MPCV
CHF/USD (CHU)	CHVL	CHUP	CHDN	CHSK	CHAM	CHCV
FX G5 Volatility Index	FXVL	FXUP	FXDN	FXSK	FXAM	FXCV

Interest Rates

Contract	CVOL Symbol	Up Var Symbol	Down Var Symbol	Skew Symbol	ATM Vol Symbol	Convexity Symbol
Eurodollar 90-day	GEVL	GEUP	GEDN	GESK	GEAM	GECV
Eurodollar 1-year Midcurve 90-day	G1VL	G1UP	G1DN	G1SK	G1AM	G1CV
Eurodollar 2-year Midcurve 90-day	G2VL	G2UP	G2DN	G2SK	G2AM	G2CV
US 2-year TNote (OZT) - Price	TUVL	TUUP	TUDN	TUSK	TUAM	TUCV
US 2-year TNote (OZT) - Yield	TUVY	TUUY	TUDY	TUSY	TUAY	TUCY
US 5-year TNote (OZF) - Price	FVVL	FVUP	FVDN	FVSK	FVAM	FVCV
US 5-year TNote (OZF) - Yield	FVVY	FVUY	FVDY	FVSY	FVAY	FVCY
US 10-year TNote (OZN) - Price	TYVL	TYUP	TYDN	TYSK	TYAM	TYCV
US 10-year TNote (OZN) - Yield	TYVY	TYUY	TYDY	TYSY	TYAY	TYCY
US 30-year TBond (OZB) - Price	USVL	USUP	USDN	USSK	USAM	USCV
US 30-year TBond (OZB) - Yield	USVY	USUY	USDY	USSY	USAY	USCY
Treasury Curve Volatility Index - Price	TPVL	TPUP	TPDN	TPSK	TPAM	TPCV
Treasury Curve Volatility Index - Yield	TVL	TUP	TDN	TSK	TAM	TCV

Metals

Contract	CVOL Symbol	Up Var Symbol	Down Var Symbol	Skew Symbol	ATM Vol Symbol	Convexity Symbol
Silver (SO)	SIVL	SIUP	SIDN	SISK	SIAM	SICV
Gold (OG)	GCVL	GCUP	GCDN	GCSK	GCAM	GCCV
Copper (HXE)	HGVL	HGUP	HGDN	HGSK	HGAM	HGCV
Metals Volatility Index	MVL	MUP	MDN	MSK	MAV	MCV

Energies

Contract	CVOL Symbol	Up Var Symbol	Down Var Symbol	Skew Symbol	ATM Vol Symbol	Convexity Symbol
WTI Crude Oil (LO)	CLVL	CLUP	CLDN	CLSK	CLAM	CLCV
Henry Hub Natural Gas (LN)	NGVL	NGUP	NGDN	NGSK	NGAM	NGCV
RBOB Gasoline (OB)	RBVL	RBUP	RBDN	RBSK	RBAM	RBCV
NY Harbor ULSD (OH)	HOVL	HOUP	HODN	HOSK	HOAM	HOCV
Energy Volatility Index	EVL	EUV	EDN	ESK	EAM	ECV

Agriculture

Contract	CVOL Symbol	Up Var Symbol	Down Var Symbol	Skew Symbol	ATM Vol Symbol	Convexity Symbol
Wheat (OZW)	WVL	WUP	WDN	WSK	WAM	WCV
Corn (OZC)	CVL	CUV	CDN	CSK	CAM	CCV
Soybean (OZS)	SVL	SUP	SDN	SSK	SAM	SCV
Soybean Oil (OZL)	SOVL	SOUP	SODN	SOSK	SOAM	SOCV
Soybean Meal (OZM)	SMVL	SMUP	SMDN	SMSK	SMAM	SMCV
Lean Hogs (HE)	HEVL	HEUP	HEDN	HESK	HEAM	HECV
Live Cattle (LE)	LEVL	LEUP	LEDN	LESK	LEAM	LECV
Class III Milk (DC)	DCVL	DCUP	DCDN	DCSK	DCAM	DCCV
Agriculture Volatility Index	AVL	AUV	ADN	ASK	AAM	ACV

Cross-Asset

Contract	CVOL Symbol	Up Var Symbol	Down Var Symbol	Skew Symbol	ATM Vol Symbol	Convexity Symbol
Commodity Volatility Index	CMVL	CMUP	CMDN	CMSK	CMAM	CMCV

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Product Launches

Financially Settled TTF Futures and Options - This Week

Effective this 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 are currently available for customer testing in New Release.

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

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Micro WTI Crude Oil Futures - This Week

Effective this 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 are currently available for customer testing in New Release.

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

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Low Sulphur Gasoil (10 mt) Financial Futures - This Week

Effective this Sunday, July 11 (trade date Monday, July 12), pending completion of all regulatory review periods, Low Sulphur Gasoil (10 mt) Financial futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Low Sulphur Gasoil (10 mt) Financial Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Low Sulphur Gasoil (10 mt) Financial Futures	MQA	RF	382

These Low Sulphur Gasoil (10 mt) Financial futures are currently available for customer testing in New Release.

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

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NewNew - Listing Dutch TTF Natural Gas Calendar Month Futures Spreads - July 25

Effective Sunday, July 25 (trade date Monday, July 26), Dutch TTF Natural Gas Calendar Month futures intercommodity spreads will be listed for trading on CME Globex.

Listing Dutch TTF Natural Gas Calendar Month Futures Spreads
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Tag 762- SecuritySubType
Dutch TTF Natural Gas Calendar Month Futures/Dutch TTF Natural Gas Financial Calendar Month Futures Inter-Commodity Spread	TTF-TTG	FD	IS
Dutch TTF Natural Gas Calendar Month Futures/Dutch TTF Natural Gas Financial Day-Ahead/Weekend (ICIS Heren) Calendar Month Futures Inter-Commodity Spread	TTF-TTI	FD	IS

These spreads will be available for customer testing in New Release on Monday, July 12.

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

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Adjusted Interest Rate Total Return Futures - July 25

Effective Sunday, July 25 (trade date Monday, July 26), pending completion of all regulatory review periods, the following Adjusted Interest Rate Total Return futures BTICs will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

The AIR TRF Funding Values for these instruments will be available in the CME Reference Data API and CME Data Insights: Settlements and Valuations.

Adjusted Interest Rate Total Return Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Adjusted Interest Rate Russell 1000 Total Return Index Futures	ARR	N/A	318
BTIC on Adjusted Interest Rate Russell 1000 Total Return Index Futures	ART	BV	318
Adjusted Interest Rate Russell 2000 Total Return Index Futures	A2R	N/A	318
BTIC on Adjusted Interest Rate Russell 2000 Total Return Index Futures	A2T	BV	318
Adjusted Interest Rate Nasdaq-100 Total Return Index Futures	AQR	N/A	318
BTIC on Adjusted Interest Rate Nasdaq-100 Total Return Index Futures	AQT	BV	318
Adjusted Interest Rate Dow Jones Industrial Average Index Total Return Futures	ADR	N/A	342
BTIC on Adjusted Interest Rate Dow Jones Industrial Average Index Total Return Futures	ADT	DH	342

These futures will be available for customer testing in New Release on Monday, July 12.

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

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UpdateUpdate - CBL Nature-Based Global Emissions Offset Futures - August 1

† Denotes update to the article

Effective Sunday, August 1 (trade date Monday, August 2), pending completion of all regulatory review periods, CBL Nature-Based Global Emissions Offset futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

CBL Nature-Based Global Emissions Offset Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
CBL Nature-Based Global Emissions Offset Futures	NGO	VX	†380

The CBL Nature-Based Global Emissions Offset futures will be available for customer testing in New Release on Monday, July 26.

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

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NewNew - Micro Treasury Yield Futures - August 15

Effective Sunday, August 15 (trade date Monday, August 16), pending completion of all regulatory review periods, Micro Treasury Yield Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

Micro Treasury Yield Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	Market Data Channel
Micro 2-Year Yield Futures	2YY	2Y	344
Micro 5-Year Yield Futures	5YY	5Y	344
Micro 10-Year Yield Futures	10Y	4Y	344
Micro 30-Year Yield Futures	30Y	6Y	344

These futures will be available for customer testing in New Release on Monday, July 19.

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

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Product Changes

UpdateUpdate - Amendments to Listing Schedule for Gulf Coast LNG Export Futures - This Week

†Denotes update to the article

†Effective Sunday, July 11 (trade date Monday, July 12), the CME Group will convert the Gulf Coast LNG Export futures listing schedule from monthly to weekly expirations on CME Globex as follows:

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

†For additional information, please refer to Special Executive Report SER-8771R.

†Detailed information on these changes is available in the Clearing House Notice.

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

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

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Dynamic Circuit Breakers for CME FX Futures - This Week

Effective this Sunday, July 11 (trade date Monday, July 12), dynamic circuit breakers will be introduced to the following CME FX futures and all associated products:

Dynamic Circuit Breakers for CME FX Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	DYNAMIC CIRCUIT BREAKER SETTINGS
Euro FX Futures	6E	6E	4% of dynamically calculated reference price
Canadian Dollar Futures	6C	6C
British Pound Futures	6B	6B
Japanese Yen Futures	6J	6J
Australian Dollar Futures	6A	6A
New Zealand Dollar Futures	6N	6N
Swiss Franc Futures	6S	6S
Norwegian Krone Futures	NOK	NO
Swedish Krona Futures	SEK	SE

These settings for all CME Globex products are defined in the CME Globex Product Reference.

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

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

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Circuit Breakers for Metals Futures - This Week

Effective this Sunday, July 11 (trade date Monday, July 12), circuit breakers will be added to the following metals futures products:

Circuit Breakers for Metals Futures
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	CIRCUIT BREAKER SETTINGS
Shanghai Gold (USD) Futures	SGU	AG	10% of dynamically calculated reference price
Shanghai Gold (CNH) Futures	SGC	AG
Gold/Silver Ratio Futures	GSR	GV
Gold/Platinum Spread Futures	GPS	GP
Aluminum Futures	ALI	AL
U.S Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Futures	HRC	HR
U.S Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Average Price Options	HRO	H1
Iron Ore 62% Fe, CFR China (TSI) Futures	TIO	IO
Iron Ore 62% Fe, CFR China (TSI) Average Price Options	ICT	I5
Cobalt Metal (Fastmarkets) Futures	COB	CA
Platinum/Palladium Spread Futures	PPS	PU
U.S. Midwest Domestic Steel Premium (CRU) Futures	HDG	HD

The settings for all CME Globex products are defined in the CME Globex Product Reference.

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

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

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Listing Cycle Expansion for TACO on E-mini Nasdaq-100 Futures and TACO on E-mini Russell 2000 Futures - July 18

Effective Sunday, July 18 (trade date Monday, July 19), the listing cycle for the following TACO on E-mini Nasdaq-100 futures and TACO on E-mini Russell 2000 futures will be expanded on CME Globex.

Listing Cycle Expansion for TACO on E-mini Nasdaq-100 Futures and TACO on E-mini Russell 2000 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
TACO on E-mini Nasdaq-100 Futures	NQQ	NT	2 Quarterly Contracts	5 Quarterly Contracts
TACO on E-mini Russel 2000 Futures	RTQ	RE	2 Quarterly Contracts	5 Quarterly Contracts

These futures are currently available for customer testing in New Release on Monday, July 12.

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

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Amendment of Circuit Breakers for Short-Term Interest Rate Products - July 25

Effective Sunday, July 25 (trade date Monday, July 26), pending all relevant CFTC regulatory review periods, circuit breaker values will be modified for the following Short-Term Interest Rate (STIR) products:

AMENDMENT OF CIRCUIT BREAKERS FOR SHORT TERM INTEREST RATE PRODUCTS
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	CURRENT CIRCUIT BREAKER SETTINGS (FIXED)	NEW CIRCUIT BREAKER SETTING (DYNAMIC)
Three-Month Eurodollar Futures	GE	ZE	RTH ETH Level 1: 3000 1000 Level 2: 4000 2000 Level 3: 5000 3000 Level 4: 6000 4000 Level 5: No Limit No Limit	50 Basis Points
One-Month Eurodollar Futures	GLB	EM
One-Month SOFR Futures	SR1	SS
Three-Month SOFR Futures	SR3	SS
MPC SONIA Futures	MPC	S9
Quarterly IMM SONIA Futures	SON	S8
Mexican Funding TIIE (Monthly Contracts) Futures	TIE	MI	RTH ETH Level 1: 100 100 Level 2: 200 200 Level 3: 300 300 Level 4: 400 400 Level 5: No Limit No Limit	100 Index Points
30-Day Federal Funds Futures	ZQ	ZQ	RTH ETH Level 1: 3000 1000 Level 2: 4000 2000 Level 3: 5000 3000 Level 4: 6000 4000 Level 5: No Limit No Limit	50 Basis Points

This change will be available for customer testing in New Release on Monday, July 12.

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

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Extending Implied Functionality for Emissions Futures - August 1

Effective this Sunday, August 1 (trade date Monday, August 2), the implied functionality for the following Emissions futures and spreads will be expanded as follows:

Extending Implied Functionality for Emissions Futures
Product	ILINK: TAG 1151-SECURITY GROUP MDP 3.0: TAG 6937-ASSET	ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP	CURRENT IMPLICATION LISTING RULE	NEW IMPLICATION LISTING RULE
CBL California Carbon Allowance Vintage-Specific Futures 2021	CC1	VX	Nearest 36 consecutive contract months	Nearest 48 consecutive contract months
CBL California Carbon Allowance Vintage-Specific Futures 2022	CC2
CBL California Carbon Allowance Vintage-Specific Futures 2023	CC3
CBL Global Emissions Offset Futures	GEO
Regional Greenhouse Gas Initiative (RGGI) CO2 Allowance Futures	RGI

This change will be available for customer testing in New Release on Monday, July 26.

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

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NewNew - Changes to Minimum Price Increment for New Zealand Dollar/U.S. Dollar (NZD/USD) Futures - August 15

Effective Sunday, August 15 (trade date August 16), pending the completion of all regulatory review periods, tag 969-MinimumPriceIncrement for New Zealand Dollar/U.S. Dollar (NZD/USD) futures will change as follows:

Changes to Minimum Price Increment for New Zealand Dollar/U.S. Dollar (NZD/USD) 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
New Zealand Dollar/U.S. Dollar (NZD/USD) Futures	6N	6N	1.000000000	0.500000000

These changes will be available for customer testing in New Release on Monday, July 12.

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

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NewNew - Listing Cycle Expansion for Dutch TTF Natural Gas Calendar Month Futures - August 15

Effective Sunday, August 15 (trade date Monday, August 16), the listing cycle for the following Dutch TTF Natural Gas Calendar Month futures will be expanded on CME Globex.

Listing Cycle Expansion for Dutch TTF Natural Gas Calendar Month 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
Dutch TTF Natural Gas Calendar Month Futures	TTF	FD	Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.	Monthly contracts listed for the current year and the next 10 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

These futures will be available for customer testing in New Release on Monday, August 2.

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

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Change to E-mini NASDAQ Biotechnology Futures - August 15

Effective Sunday, August 15 (trade date Monday, August 16), minimum price increment (tag 969-MinPriceIncrement) and unit of measure quantity (1147-UnitOfMeasureQty) for E-mini NASDAQ Biotechnology futures will change as follows:

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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NewNew - Change to E-mini FTSE 100 and Developed European Index Futures Strategy Type - August 22

Effective Sunday, August 22 (trade date Monday, August 23), the CME Group will change the tag 762-SecuritySubType in the Security Definition (tag 35-MsgType=d) message for the E-mini FTSE 100 and Developed European Index futures from EQ (Calendar Spread) to RT (Reduced Tick) on CME Globex. To support these changes, the existing SP (Calendar Spread) products will be removed on Friday, August 14, 2021.

Please Note: To facilitate this change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders after the close on August 13. After 16:00 CT on August 13, all remaining GT orders for these spreads will be cancelled or deleted by the CME Global Command Center (GCC).

Change to E-mini FTSE 100 and Developed European Index Futures Strategy Type
Product	MDP 3.0: tag 6937-Asset	iLink: tag 55-Symbol MDP 3.0 tag 1151 - Security Group	CURRENT TAG 762- SECURITYSUBTYPE	NEW TAG 762- SECURITYSUBTYPE
E-mini FTSE 100 (GBP) Index Futures	FTI	FZ	EQ (Calendar Spread) with All Possible Combos	RT (Reduced Tick Spread) with all possible combos
E-mini FTSE 100 (USD) Index Futures	FTU	FZ	EQ (Calendar Spread) with All Possible Combos	RT Futures - Reduced Tick (RT) with all possible combos
E-mini FTSE Developed Europe Index Futures	DVE	DV	EQ (Calendar Spread) with All Possible Combos	RT Futures - Reduced Tick (RT) with all possible combos

This change will be available for customer testing in New Release on Monday, July 26.

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

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UpdateUpdate - TACO and BTIC Amended Trading Schedule - September 26

† Denotes update to the article

Effective Sunday, September 26 (trade date Monday, September 27), and pending all relevant CFTC regulatory review periods, the Basis Trade at Cash Open (“TACO”) and Basis Trade at Index Close (“BTIC”) will open for Monday’s trade date on the previous Friday afternoon.

With this change and for the first time, CME Globex will support trading for a trade date over a weekend. The trade date for these products will not roll over on the weekend. This change will impact iLink 2 and iLink 3 order entry, MDP 3 market data, and CME STP and CME STP FIX.

Please review the †Client Impact Assessment for information on functionality and messaging impacts.

This change will be available for customer testing in New Release on Monday, July 12.

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Events and Announcements

Messaging Efficiency Program Q3 2021 Benchmarks  - Now Available

The Q3 2021 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available. No changes were made to Q3 2021 existing Product Group Benchmarks vs. Q2 2021 Product Group Benchmarks.

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

CME Globex firms who exceed the benchmark ratios in applicable product groups and are signed-up accordingly, receive email notifications of any potential surcharges. CME Globex firms who have access to the Firm Administrator Dashboard have the ability to view their messaging statistics on a T+1 basis.

Please contact your Global Account Manager with any questions.

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Messaging Efficiency Program Micro WTI Crude Oil  - This Week

Beginning this Sunday, July 11, 2021, the CL Product Group will be amended to also include the new Micro WTI Crude Oil futures & spreads.

To allow for broad market participation and accommodate the launch of Micro WTI Crude Oil beginning this Sunday, July 11 (trade date July 12), Micro WTI Crude Oil futures & spreads will be excluded from Messaging Efficiency Scoring calculations until further notice.

Micro WTI Crude Oil Futures & Spreads will also be exempt from the Excessive Messaging Threshold (EMT) through August 30, 2021.

Beginning Tuesday evening, August 31 (trade date September 1), Micro WTI Crude Oil futures & spreads will be subject to EMT thresholds.

CME recommends market participants to make any necessary technical adjustments to CL product group messaging in order to refrain from exceeding EMT Thresholds at either the Globex Firm ID or iLink Session ID levels.

As a reminder, the Excessive Messaging Threshold (EMT) is separate from the regular Messaging Program and thresholds are as follows:

• Any Globex Firm ID which exceeds a Raw Message Count of 10 million for a Globex trade date and a Volume Ratio >500:1 in a specific product group may be subject to a $10,000 surcharge as well as other escalations.
• Any iLink Session ID which exceeds a Raw Message Count of 1 million for a Globex trade date and a Volume Ratio >500:1 in a specific product group may be subject to a $10,000 surcharge as well as other escalations.

Please refer to the CME Globex Messaging Efficiency Program or contact the following with any questions:

• Global Command Center (GCC) at 1.800.438.8616.
• Global Account Management

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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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