CME Globex Notices: August 22, 2022

Critical Updates

iLink 3 SBE Schema Update - This Week

To support the upcoming CME Globex enhancements, the iLink 3 SBE schema will be updated to version 8 starting this Sunday, August 28. More information regarding these enhancements will be published in the future CME Globex Notices. The overview of iLink 3 schema updates is now available. 

In order to ease customer development efforts, the new SBE schema files will support Template Extension for iLink 3 messages sent from client systems to CME Globex until the end of day Friday, November 18. Client systems can send iLink 3 messages using schema version 7 or 8; however CME Globex will only send messages using schema version 8.

Futures and Options on Futures - Production Rollout

Effective Sunday, November 20, version 8 schema will be the only version supported in production. Client systems can only send version 8 messages.

The new version 8 schema is currently available in New Release for customer testing.

To support the new iLink 3 schema rollout the CME SFTP site will be updated as follows:

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Event Contracts - September 18

Effective Sunday, September 18 (trade date Monday, September 19), event options contracts will be listed for trading on CME Globex, pending completion of all regulatory review periods. Event contracts are daily-expiring, cash settled, European Style, options on futures contracts. Event contracts will provide access to some of our most recognized global products, including metals, energy, equities, and foreign currencies. Additionally, non-tradable underlying futures will be listed to support the new event options. Event contracts will be listed on a new MDP 3.0 channel (329 - Event Contracts).  

Please review the Client Impact Assessment for additional details.

In preparation for the upcoming launch, event contract options and underlying futures are now available in the CME Globex production environment as non-tradable.

The event contracts are currently available for customer testing in New Release.

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

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Energy Gasoil Crack Spreads - September 18

Effective Sunday, September 18 (trade date Monday, September 19), new exchange defined Energy Gasoil Crack spreads will be made available for trading on CME Globex. The new spreads will use a new strategy type (TB) and trade at a reduced tick.

The TB spread is an inter-commodity ratio futures spread allowing the simultaneous purchase (sale) of a distilled product (i.e., Low Sulphur Gasoil) with a corresponding sale (purchase) of the raw product from which it was produced (i.e., Crude Oil).

To support the launch of the Gasoil Crack spreads this Sunday, August 28, tag 6937-Asset for European Low Sulphur Gasoil (100mt) Bullet futures will change from GLI to 7F.

Please review the Client Impact Assessment for additional details.

These changes 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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iLink 3 Order Cancel and Cancel/Replace Requests by ClOrdID - October 2

Starting Sunday, October 2 (trade date Monday, October 3), CME Group will begin launching a new risk management feature that allows clients to cancel and modify resting orders using FIX tag 11-ClOrdID, without providing tag 37-OrderID. This feature will be enabled for all CME Group futures and options on futures on CME Globex. It is only available on iLink 3 sessions using the v8 schema. However, iLink 2 sessions are also impacted by this launch.

Prior to each launch weekend, clients must ensure all resting Good Till Cancel (GTC) and Good Till Date (GTD) orders have a unique tag 11-ClOrdID value per SenderComp and market segment. On each launch weekend, any resting GTC/GTD orders will be evaluated for duplicative ClOrdID values per SenderComp and market segment. Orders with duplicate values will be eliminated prior to the open.

Please review the Client Impact Assessment for full technical details and launch schedule.

Certification in AutoCert+ is required to utilize the new Order Cancel and Cancel/Replace Requests by ClOrdID functionality. This change and the new AutoCert+ test suite are currently available in New Release for customer testing and certification.

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Product Launches

WTI Midland (Argus) BALMOs - This Week

Effective this Sunday, August 28 (trade date Monday, August 29) and pending completion of all regulatory review periods, WTI Midland (Argus) BALMOs will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

WTI Midland (Argus) BALMOs 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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Listing Spreads on 3-Month SOFR Futures: Resting Order Eliminations - This Week

Effective this Sunday, August 28 (trade date Monday, August 29), spreads on 3-Month SOFR futures for 1-year average priced bundle future spreads (tag 762-SecuritySubtype=SB) will be listed for trading on CME Globex. With this listing:

• 1-Year SB spreads will be listed with the external instrument name, tag 55-Symbol in MDP 3.0 on specific balanced SB spreads for example 1-Year AB vs. 1-Year AB spreads reflecting PK for example, SR3:SB PK to support non-consecutive 1-Year SB spreads based upon the two nearest quarterly months to expiration.

These spreads 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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Euro-Denominated Crypto Futures - This Week

Effective this Sunday, August 28 (trade date Monday, August 29), pending completion of all regulatory review periods, Bitcoin Euro and Ether Euro futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These futures 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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Listing Cycle Expansion for E-Mini S&P 500 Monday, Wednesday, and Specific Friday Weekly Options - September 11

Effective Sunday, September 11 (trade date Monday, September 12), the listing cycle for the following E-mini S&P 500 Monday, Wednesday, and Friday Weekly options will be expanded on CME Globex.

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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Options on Ether Futures - September 12

Effective Sunday, September 11 (trade date Monday, September 12), pending completion of all regulatory review periods, Options on Ether Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These options will be available for customer testing in New Release this Monday, August 29.

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

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Energy Gasoil Crack Spreads - September 18

Effective Sunday, September 18 (trade date Monday, September 19), new exchange defined Energy Gasoil Crack spreads will be made available for trading on CME Globex. The new spreads will use a new strategy type (TB) and trade at a reduced tick.

The TB spread is an inter-commodity ratio futures spread allowing the simultaneous purchase (sale) of a distilled product (i.e., Low Sulphur Gasoil) with a corresponding sale (purchase) of the raw product from which it was produced (i.e., Crude Oil).

To support the launch of the Gasoil Crack spreads this Sunday, August 28, tag 6937-Asset for European Low Sulphur Gasoil (100mt) Bullet futures will change from GLI to 7F.

Please review the Client Impact Assessment for additional details.

These changes 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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Events Contracts - September 18

Effective Sunday, September 18 (trade date Monday, September 19), event options contracts will be listed for trading on CME Globex, pending completion of all regulatory review periods. Event contracts are daily-expiring, cash settled, European Style, options on futures contracts. Event contracts will provide access to some of our most recognized global products, including metals, energy, equities, and foreign currencies. Additionally, non-tradable underlying futures will be listed to support the new event options. Event contracts will be listed on a new MDP 3.0 channel (329 - Event Contracts).  

Please review the Client Impact Assessment for additional details.

In preparation for the upcoming launch, event contract options and underlying futures are now available in the CME Globex production environment as non-tradable.

The event contracts are currently available for customer testing in New Release.

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

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Additional CVOL Indices on Benchmark Administration Premium - September 25

Effective Sunday, September 25 (trade date Monday, September 26), the following CME Group Volatility Index (CVOL) products will be listed on Benchmark Administration Premium UDP Multicast and GCP SBE.

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, August 29.

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Bursa Malaysia Derivatives (BMD) Crude Palm Oil vs East Malaysia Crude Palm Oil Inter-Commodity Futures Spreads - October 2

Effective Sunday, October 2 (trade date Monday, October 3), and pending final regulatory approval, inter-commodity spreads between Bursa Malaysia Derivatives (BMD)’s Crude Palm Oil vs BMD East Malaysia Crude Palm Oil futures will be made available for trading on CME Globex.

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

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

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30-Year Uniform Mortgage-Backed Security (UMBS) To-Be-Announced (TBA) Futures - October 2

Effective Sunday, October 2 (trade date Monday, October 3), pending completion of all regulatory review periods, 30-Year Uniform Mortgage-Backed Security (UMBS) To-Be-Announced (TBA) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

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

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

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Product Changes

CME Globex Product Code Change to European Low Sulphur Gasoil (100mt) Bullet Futures – Resting Order Eliminations - This Week

Effective this Sunday, August 28 (trade date Monday, August 29), for European Low Sulphur Gasoil (100mt) Bullet futures will be changed as follows.

This change is 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 - Sunsetting Eurodollar Options  - September 11

Effective Sunday, September 11 (trade date Monday, September 12), Eurodollar and Mid Curve option quarterlies will be sunset. No additional Weekly Mid-Curve, Term Mid-Curve, Mid-Curve, and Calendar Spread Options contracts will be listed after Monday, September 12, 2022.

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

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Changes to Bursa Malaysia Derivatives (BMD) Gold Futures - September 18

Effective Sunday, September 18 (trade date Monday, September 19), and pending final regulatory approval, the Bursa Malaysia Derivatives (BMD) Gold futures security definition (tag 35-MsgType=d) message will be amended as follows:

• Change to tag 996-UnitOfMeasure
• Change to tag 1147-UnitOfMeasureQty
• Change to tag 969-MinPriceIncrement
• Afternoon Trading Session Hours

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

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

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Events and Announcements

CME Group DR Datacenter Migration and Test - September 10

CME Group is pleased to announce the move and upgrade of our backup datacenter as part of our commitment to the protection of our customers. Last year, we completed the migration of our Disaster Recovery clearing systems, and we are now focused on CME Globex and supporting systems. To ensure customer can connect to our new backup datacenter, CME Group will be holding mock disaster recovery testing on Saturday, September 10, at 9 a.m. Eastern Time (ET).

Please Note: Customers do not need to test from Disaster Recovery – please plan to stay in your production environment.

Customers must register in advance to participate. Please review the mock trading script for additional details.

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