CME Globex Notices: March 7, 2022

Critical System Updates

NewNew - iLink 2 Message Specification Update 

The iLink 2 message specifications in the Client Systems Wiki have been updated to more accurately reflect validation for iLink 2 messages.

iLink 2 tag 48-SecurityID is now identified as an Integer for all applicable application messages. Previously, this tag was identified as a String.

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UpdateUpdate - Bursa Malaysia Derivatives (BMD) Market Segment Migration and Test Environment Host IP Update - This Week

† Denotes update to the article

This Sunday, March 13 (trade date Monday, March 14) Bursa Malaysia Derivatives (BMD) Globex Futures and Options market data channels will migrate to market segment id 60 (tag 1300-MarketSegmentID). With this update MSGW iLink and Drop Copy sessions must update the network configuration. iLink and Drop Cop Convenience Gateway (CGW) network configurations will not be impacted.

Below are the channels that will be migrated to a new market segment ID.

The following outlines the BMD market segment update:

The following outlines the updated BMD iLink and Drop Copy IP addresses:

In conjunction with the market segment IP change the host IPs will be updated in the New Release and Certification environments. The new host IPs will be updated in the Market Data Configuration file. †Drop Copy primary and backup hosts for market segment 60 can be obtained via Request Center.

The new market segment and updated host IPs in the Market Data Configuration file is currently available for customer testing in New Release.

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Equity Options Market Data Source IP Update - April 29

Effective close of business Friday, April 29, CME Group will change the MDP MBO recovery source/host IPs for CME Globex Equity Options (311) and CME Globex Equity Options - excludes E-mini S&P 500 (319) as follows:

A new config.xml file will be available for customer download Saturday, April 30. See additional information on  SFTP - MDP Configuration.

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Cryptocurrency Market Data Channel Launch and Market Segment Update - May 1

On Sunday, May 1 to support increased client demand for cryptocurrency futures and options products, CME Group will launch two new dedicated cryptocurrency market data channels on CME Globex. In conjunction with the cryptocurrency channel migration the market segment ID will update for MDP 3.0, MSGW iLink and MSGW Drop Copy. This update will not impact data licensing and entitlement requirements. With the launch, the following cryptocurrency products and associated spreads will be migrated to the new channels:

• Bitcoin Futures
• Ether Futures
• Micro Bitcoin Futures
• Micro Ether Futures
• BTIC on Bitcoin Futures
• BTIC on Ether Futures
• BTIC on Micro Bitcoin Futures
• BTIC on Micro Ether Futures
• Options on Bitcoin Futures

Please review the client impact assessment for additional details.

These channels will be available for customer testing in New Release on Monday, March 21.

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Product Launches

Listing Japan Crude Cocktail (Detailed) Futures Spreads - Postponed

The listing of strips, calendar spreads, and an Inter-commodity spread on Japan Crude Cocktail (Detailed) futures on CME Globex previously scheduled for Sunday, March 13, has been postponed.

These spreads 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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Options on Micro Bitcoin and Micro Ether Futures - March 27

Effective Sunday, March 27 (trade date Monday, March 28), pending completion of all regulatory review periods, options on Micro Bitcoin and Micro Ether futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These options will be made available for customer testing in New Release on Monday, March 14.

Please Note: On Sunday, May 1, these cryptocurrency options will be migrated to a new dedicated cryptocurrency market data channel and market segment ID in Production and will be available for testing in New Release on Monday, April 11.

Please review the Cryptocurrency Market Data Channel Launch and Market Segment Update for additional details.

CME Group recommends all system providers use FIX tag-202 Strike Price in the Security Definition  (tag 35-MsgType=d) message to determine strike price.

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

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UpdateUpdate - Eris BSBY Swap Futures - April 10

† Denotes update to the article

Effective Sunday, April 10 (trade date Monday, April 11), pending completion of all regulatory review periods, Eris BSBY Swap futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These Eris BSBY Swap futures will be available for customer testing in New Release on †Monday, March 21.

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

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Product Changes

Delisting the Micro Japanese Yen/U.S. Dollar (JPY/USD) Futures - March 15

As previously announced, no additional contract months of the Micro Japanese Yen/U.S. Dollar (JPY/USD) futures contract were listed on CME Globex. The last listed month of the contract is March 2022. The permanent delisting for the Micro JPY/USD futures contract will be Tuesday, March 15.

Please Note: The Micro USD/JPY (M6J) futures is available for trading.

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

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NewNew - Changes to Listing Schedule of One-Month Eurodollar Futures - April 3

Effective Sunday, April 3 (trade date Monday, April 4), the listing cycle for the following One-Month Eurodollar futures will be expanded on CME Globex:

This change will be available for customer testing in New Release on Monday, March 21.

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

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NewNew - Changes to the Lead Month Roll Procedure for the E-mini S&P 500 and Micro E-mini S&P 500 Futures - June 12

Effective Sunday, June 12 (trade date Monday, June 13), the lead month roll procedure for the E-mini S&P 500 and Micro E-mini S&P 500 futures will be amended on CME Globex as follows:

Please Note: This change will be implemented for the June 2022 roll, making the March 2022 contracts the final roll using the existing procedure.

For example, the June 2022 quarterly contracts expire on Friday, June 17, 2022. Prior to the June quarterly contract expiration, the lead month will switch from the June contract to the September contract on Sunday, June 12, 2022, for trade date Monday, June 13, 2022, as opposed to Thursday, June 9, 2022 under the existing procedure.

This change will reflect the current observed trading patterns around roll dates and align the lead month roll for the contracts with the balance of the Exchange’s U.S. Equity Products.

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Events and Announcements

Messaging Efficiency Program Micro Ether Notification - March 31

Beginning Thursday evening, March 31 (trade date April 1), Micro Ether futures & spreads will be subject to EMT thresholds.

CME Group recommends market participants make any necessary technical adjustments to EZ Product Group messaging in order to refrain from exceeding EMT Thresholds at either the Globex Firm ID or iLink Session ID levels. And to be mindful that Product Group EZ includes both the standard sized and Micro Ether Contracts.

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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