CME Globex Notices: March 17, 2025

Critical Updates

CME Globex on Google Cloud

Technical content is now available for the planned Globex migration to Google Cloud, including:

• Key Events and Dates

• Dual Zones Overview, including zone swap and maintenance information

CME Group and Google Cloud recently announced a new private Google Cloud Chicago region and co-location facility for CME Group listed derivative markets.

Additional information will be published regularly and announced via the CME Globex Notices.

Position Reporting Under CFTC Part 17

On April 30, 2024, the Commodity Futures Trading Commission ("CFTC") approved final rules to amend its Large Trading Reporting Regulations for Futures and Options. The amendments were made to modernize CFTC's Large Trader Reporting process and align it with other reporting structures outlined in CFTC regulations. CFTC's final rules remove the 80-character submission standard, replacing it with a FIXML standard. The required FIXML position message includes a large set of instrument characteristics as well as unique contract identifiers. Unique contract identifiers must be provided to Reporting Firms by the exchange where the positions are held. 

CME, CBOT, NYMEX, and COMEX (each an "Exchange" and together the "Exchanges") will be providing Reporting Firms files containing Unique Instrument Codes (UIC) in compliance with Large Trader Reporting requirements. The Exchanges are offering two methods to download this instrument information, as described in the CME Group Client Systems Wiki. The Unique Instrument Codes are now available in firms outgoing SFTP folder with the following naming convention: ​CME_UICPART17.csv.

The Market Regulation Department will be publishing further guidance regarding Large Trader Reporting in subsequent Special Executive Reports as solutions become available.

CFTC's final rules became effective upon publication in the Federal Register on June 3, 2024. Reporting Firms must comply with the CFTC's final rules regarding Large Trader Reporting Requirements two years after publication in the Federal Register.

CME Globex MDP 3.0 Channel 315 Decommission - March 28

Effective close of business Friday, March 28, CME MDP 3.0 Channel 315 will be decommissioned. Currently the channel only disseminates Admin Heartbeat (35-MsgType=0) messages. Additionally, references to channel 315 will be removed from the config.xml file located on the FTP/SFTP Site for the Production and New Release environments.

CME Direct iLink 3 Migration and Audit Trail Impacts  - March 30

Effective Sunday, March 30, CME Group will begin a phased migration of the CME Direct platform to the iLink 3 protocol. While the migration will be seamless to CME Direct users, the audit trail information differs between the two protocols. To ease the client transition during the migration, Clearing Firms will receive two audit trail files, one for iLink 2 sessions and a separate file for iLink 3 sessions.

Details on the differences between the audit trail requirements are available at:

• iLink 2 audit trail 
• iLink 3 audit trail

Please contact your Global Account Manager with questions or concerns.

iLink 3 CGW Decommission - April 6

As of Sunday, March 2, a charge of $1,000 USD per iLink 2 session per week will be applied to each session that has not yet migrated to iLink 3. For new iLink 3 CGW sessions, Port Activation Charges (PAC) will be applied, but Monthly Inactivity Charges (MIC) will be waived automatically from creation through the end of December 2024. Effective Sunday, April 6, iLink 2 on CGW will be decommissioned and only iLink 3 CGW sessions will be supported.

Please Note: All GTC and GTD orders on iLink 2 sessions must be cancelled and resubmitted on new iLink 3 sessions. Before deleting any iLink 2 sessions, customers must confirm that there are no resting Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders in Firmsoft. Customers can contact the CME Global Command Center (GCC) at gcc@cmegroup.com or +1 800-438-8616 for order status and cancellation support. After 16:00 Central Time(CT) on Friday, April 4, all remaining GT orders on iLink 2 sessions will be canceled or deleted by the CME Global Command Center (GCC).

NewEquity Options Market Data Source IP Updates - April 11

Starting close of business Friday, April 11, CME Group will change the market data source/host IPs for CME Globex Equity Options channels and feed types as follows:

New config.xml files will be available for customer download Friday, April 11, (MBO Snapshot) and Friday, April 25, (Incremental). See additional information on SFTP - MDP Configuration.

NewCME FX Spot+ - Client End of Day Report - April 13

Effective Sunday, April 13 (trade date Monday, April 14), the Client End of Day Report, which includes order and trade activity, will be updated to include CME FX Spot+.

CME FX Spot Plus (CME FX Spot+) is a new tradable spot FX instrument, leveraging CME FX futures and FX Link liquidity to bring together OTC spot FX and FX futures.

The FX Spot+ products will be available for the following currency pairs: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CAD, USD/CHF and USD/MXN.

The CME FX Spot+ records can be identified by ExchangeMIC=”GLBX”.

The order and trade activity of CME FX Spot+ will be added to the existing CEOD200 for EBS Clients, who participate in Spot+ market.

For clients who do not have access to this report, please contact Global Account Management (GAM).

This change will be available in New Release on Monday, March 31.

CME FX Link Messaging Changes - April 13

Effective Sunday, April 13 (trade date Monday, April 14), with the CME FX Spot+ launch, CME FX Link clients will have the following iLink, MDP 3.0, and STP messaging considerations.

• MDP 3.0 channel 330 will utilize the new SBE template ID 63 - MDInstrumentDefinitionFX for the Security Definition (35-MsgType=d) message.

• The following new MDP 3.0 Market Data templates will be supported on the new MDP 3.0 channel 330:
  • MDIncrementalRefreshBookLongQty64
  • MDIncrementalRefreshTradeSummaryLongQty65
  • MDIncrementalRefreshVolumeLongQty66
  • MDIncrementalRefreshSessionStatisticsLongQty67
  • SnapshotFullRefreshLongQty69
• A new tag 1795-NoOrderEvents repeating group will be added to the iLink Execution Report Trade Spread Leg message for all OTC Spot FX legs instruments.
• iLink 3 quantity fields (e.g. tag 32-LastQty) in the iLink Execution Report Trade Spread Leg for all OTC Spot FX legs instruments will contain notional quantity instead of lot size.
• Trade Capture Reports for FX Spot leg of FX Link trades will be updated to harmonize the API across products.  The Straight Through Processing (STP) client impact assessment for CME FX Link is available.

Additional information on CME FX Spot+ is available in the client impact assessment.

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

CME FX Spot+ - April 13

Effective Sunday, April 13 (trade date Monday, April 14), CME Group will launch CME FX Spot Plus (CME FX Spot+), a new tradable spot FX instrument, leveraging CME FX Link liquidity to bring together OTC spot FX and FX futures.

The FX Spot+ products will be available for the following currency pairs:  EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CAD, USD/CHF, and USD/MXN.

All of the CME FX Spot+ products are currently available in the New Release environment for customer testing.

With this launch, the new MDP 3.0 channel 330 will utilize the new SBE template ID 63 - MDInstrumentDefinitionFX. MDP 3.0. certification is required to trade the CME FX Spot+. The new AutoCert+ supplemental test suite is currently available for customer certification.

More information on these new products and the associated messaging and functionality enhancements is available in the CME FX Spot+ client impact assessment. A new CME FX Spot+ Credit Overview is also available with credit features and details for both FX Link and CME FX Spot+. 

CME Group will implement the STP messaging changes to Trade Capture Reports for FX Spot+ trades to harmonize the API across products. The Straight Through Processing (STP) client impact assessment for FX Spot+ and CME FX Link is available.

Mock Trading Session:  

To support customer experience with the CME FX Spot+ in the CME Globex production environment, CME Group will offer customer mock trading sessions on:

• Saturday, March 29

Customers are required to register in advance in order to participate in the mock trading sessions. The mock trading session script is now available.

Exchange-Defined Crack Intercommodity Calendar Futures Spread - April 27

Effective Sunday, April 27 (trade date Monday, April 28), a new exchange-defined Crack Intercommodity calendar futures spread (commonly known as a "box spread") will be made available for trading on CME Globex. The new spread will utilize a new strategy type (CB).  

The CB spread is the simultaneous purchase/sale of an Inter-Commodity calendar spread on futures of two crack spreads (commonly known as a "box spread") allowing customers to trade two Inter-commodity spreads as a single instrument, eliminating leg execution risk. The CB spread is the net differential between two Inter-Commodity spreads.

Please review the client impact assessment for detailed spread construction and pricing examples.

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

The spread is currently available for customer testing in New Release.

Exchange-Defined Averaged Price Implied Bundle Spreads - May 17

Effective Sunday, May 17 (trade date Monday, May 18), a new exchange-defined Averaged Price Implied Bundle spread will be made available for trading on CME Globex. The new spread will utilize a new strategy type (AI).

The new AI spread is an implied enabled futures spread involving the simultaneous purchase (sale) of futures positions at the averaged price of the legs.

Please review the client impact assessment for detailed spread construction and pricing examples.

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

These changes will be available for customer testing in New Release on Monday, March 24.

Decommission of MGEX Markets on CME Globex - June 29

Effective Sunday, June 29 (trade date Monday, June 30), order routing and market data for Minneapolis Grain Exchange (MGEX) products, which includes Hard Red Spring Wheat, will no longer be available via CME Globex. Existing order routing customers to MGEX markets and customers wishing to pursue market access to MGEX should contact futures@miaxglobal.com.

For CME Group specific questions, contact Global Account Management.

New Functionality

CME Cross Currency API  - Now Available

CME Group has launched a new CME Cross Currency API. This is a complementary REST API to retrieve the existing EUR/USD Cross Currency Basis Index data, which measures the basis point deviation from the covered interest rate parity implied forward FX price.

For additional details, please review CME Cross Currency API client impact assessment.

Product Launches

NewMonitoring Instruments for CME Group Internal Testing - March 30

Effective Sunday, March 30 (trade date Monday, March 31), the following monitoring instruments will be added to CME Globex. 

Please Note: These products are for CME Group internal testing only and will not support order entry. CME Group recommends client systems ignore all MDP3 messages on this product.

These instruments will be made available in New Release on Wednesday, March 26.

UpdateBloomberg Commodity Sub-Sector Index Futures - March 30

† Denotes update to the article

Effective Sunday, March 30 (trade date Monday, March 31), pending completion of all regulatory review periods, Bloomberg Commodity Sub-Sector Index 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.

Southern Yellow Pine (Fastmarkets) Futures and Options - March 30

Effective Sunday, March 30 (trade date Monday, March 31), pending completion of all regulatory review periods, Southern Yellow Pine (Fastmarkets) futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These 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 CME.

Soybean Oilshare Futures and Options - March 30

Effective Sunday, March 30 (trade date Monday, March 31), pending completion of all regulatory review periods, Soybean Oilshare futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These 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 CBOT.

NewHard Red Spring Wheat Futures and Options - April 13

Effective Sunday, April 13 (trade date Monday, April 14), pending completion of all regulatory review periods, Hard Red Spring Wheat futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These futures and options will be available for customer testing in New Release on Sunday, March 30. 

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

Launching D4 and D6 Previous Year RINs Futures - April 13

Effective Sunday, April 13 (trade date Monday, April 14), pending completion of all regulatory review periods, D4 and D6 Previous Year Renewable Identification Number (RINs) futures will be launched for trading on CME Globex and for submission for clearing via CME ClearPort.

These futures will be available for customer testing in New Release on Sunday, March 30. 

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

EMDA Crude Oil Futures - April 13

Effective Sunday, April 13 (trade date Monday, April 14), pending completion of all regulatory review periods, EMDA Crude Oil futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These EMDA Crude Oil futures will be available for customer testing in New Release on Sunday, March 30.

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

NewEuropean FOB Dutch Mill Rapeseed Oil (Argus) Futures - April 27

Effective Sunday, April 27 (trade date Monday, April 28), pending completion of all regulatory review periods, European FOB Dutch Mill Rapeseed Oil (Argus) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

These futures will be available for customer testing in New Release on Sunday, April 13.

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

Product Changes

NewDelisting and Removal of Metals Futures - March 21

On Monday, March 17, the following Metal futures were delisted, and effective close of business Friday, March 21, these futures will be removed from CME Globex.

These futures currently have no open interest.

Settlement Prices for FX Future Markers - April 6

Effective Sunday, April 6 (trade date Monday, April 7), settlement prices for non-tradable FX future markers will be disseminated on CME Globex.

FX markers provide informational reference points that participants can use to calculate internal valuations of corresponding futures positions. For more information and calculation methodology, please visit the FX Marker webpage.

The settlements on non-tradable marker products will be published approximately at 4:00 p.m. New York Time or 3:00 p.m. Tokyo Time. The prices will be rounded to the tradable tick and published to CME Group website.

Markers 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 6 = Settlement Price
• Tag 5796-Trading Reference will display the date for which the marker price was calculated

These changes will be available for customer testing in New Release on Sunday, March 23.

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

NewListing Cycle Expansion for Gold and Silver Futures - April 13

Effective Sunday, April 13 for (trade date Monday, April 14), the listing cycle for the following Gold and Silver futures will be expanded on CME Globex.

These futures will be available for customer testing in New Release on Sunday, March 30. 

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

 

NewTrading Hours Change for Weather Products - April 13

Effective Sunday, April 13 (trade date Monday, April 14), The trading hours and daily trading halt for all weather products will be updated to Sunday 5:00 p.m. - Friday 4:00 p.m. with daily trading halts 4:00 p.m. - 5:00 p.m.  The pause is currently communicated via the MDP Security Status (tag 35-Msg-Type=f) message where tag 326-SecurityTradingStatus=2 (Trading Halt).

This change will be made available for customer testing in New Release on Sunday, March 30.

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

Product Name and Trade Eligibility Updates for Bakken Crude Monthly Futures - April 13

Effective Sunday, April 13 (trade date Monday, April 14), the product name and trade eligibility will be updated for Bakken Monthly futures for trading on CME Globex and for submission for clearing via CME ClearPort.

These options will be available for customer testing in New Release on Sunday, March 30.

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

Strategy Type Change for ESTR Futures Strips - Resting Order Elimination - May 16

To support the launch of the new Averaged Price Implied Bundle (tag 762-SecuritySubType = AI), the strategy type for the following ESTR futures strips will be changed from AB (Averaged Price Bundle) to AI (Averaged Price Implied Bundle) on Friday, May 16.

Please Note: To facilitate this change, customers will be asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for existing ESTR AB futures strips, ESTR BB futures strips, and ESTR SB futures strips by the close on Friday, May 16. After 16:00 CT on Friday, May 16 any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).

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

NewListing Equity Calendar Spreads on BTICs on S&P 500 AIR TRF (EFFR) - May 18

Effective Sunday, May 18 (trade date Monday, May 19), Equity Calendar spreads on BTICs on S&P 500 AIR TRF (EFFR) will be listed on CME Globex.

These spreads will be available for customer testing in New Release on Sunday, April 13.

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

Events and Announcements

CME STP FIX API on Google Cloud - Postponed

Previously announced availability of CME STP FIX API service on Google Cloud has been postponed. A new production date will be announced in a future article.

View the client impact assessment for additional information.

CME STP FIX API on Google Cloud is currently available in New Release.    

CME STP FIXML on Google Cloud - March 31

Effective Monday, March 31, all client systems must complete a mandatory certification of regional switch processing for CME STP FIXML on Google Cloud.

View the client impact assessment for additional information.

Crypto.com to be Added as a Constituent Exchange for CME CF Bitcoin and Ether Benchmarks - March 31

On Monday, March 31, at 10 a.m. London time, Crypto.com market data will be included in the CME CF Bitcoin Reference Rates (BRR, BRRNY, BRRAP) and Real-Time Index (BRTI), the CME CF Ether Reference Rates (ETHUSD_RR, ETHUSD_NY, ETHUSD_AP) and Real-Time Index (ETHUSD_RTI), and CME CF Ether/Bitcoin Ratio Reference Rate (ETHBTC_USDRR) and Real-Time Index (ETHBTC_USDRTI). CF Benchmarks, the leading cryptocurrency index provider, is the Administrator for the CME CF Cryptocurrency Indices.

For more information, please visit the CME CF Cryptocurrency Indices webpage.

Upcoming Changes to Duo Two-Factor Authentication - April 12

On Saturday, April 12, CME Group will upgrade to Duo Universal Prompt, a new two-factor authentication experience for applications and services requiring CME Group Login. The upgrade features improved security and a redesigned user interface. No action will be required for customers to receive the automated upgrade.

Additional details will be provided in future notices.

For related inquiries, please contact EASE@cmegroup.com.

NewReminder: SPAN Files Decommission on FTP Sites - July 14

Effective July 14, CME Group will provide SPAN files only via the SFTP and CME Datamine services. SPAN files will no longer be available over the public FTP or CME Group website.

This change applies to CME Group SPAN files as well as partner exchanges SPAN for BMD, XMA, SMX, etc. 

The following delivery mechanisms will no longer be available:

• Public FTP:
  • ftp.cmegroup.com/pub/span/data
  • ftp.cmgroup.com/span/data
• CME Website:
  • www.cmegroup.com/ftp/pub/span/data
  • www.cmegroup.com/ftp/span/data

The following delivery channels will continue to be offered:

• CME Datamine: https://datamine.cmegroup.com/#/datasets/cme.span
• SFTP: sftpng.cmegroup.com 

We recommend that firms with access to SFTP migrate their SPAN  files downloads off Public FTP and CME Group websites before the deadline using the below paths: 

• CME SPAN: cme/ftp/123/pub/SPAN
• Partner Exchanges SPAN: cme/ftp/123/pub/SPAN/ftp
  where 123 is the Firm’s assigned SFTP ID

Customers without access to SFTP, or who prefer to download SPAN files via CME Datamine, may register at https://www.cmegroup.com/datamine.html

For more information, please contact CME Clearing at ccs@cmegroup.com or via phone at Chicago +1 312 207 2525, London +44 203 379 3198 or Singapore +65 6593 5591.

Redesigned Request Center Within CME Customer Center - Coming Soon

In the coming months, the Request Center within the CME Customer Center self-service functionality will feature a simplified, redesigned interface and streamlined navigation. For a clear and consistent experience across CME Group services, the Request Center will include updated terminology and instances of spelled out acronyms.

There will be no major functional updates to the user interface at this time and access will remain based on individual CME Group Login entitlements.

Currently, "Registered Entity" or "Administration Group" identifies a customer firm within the Request Center and the redesign will feature "Administration Group" for consistency.

References to "Tag 50" will be updated to "Globex Operator ID" or "GOID" to reflect terminology used on the Market Regulation Advisory Board Rule 576. To facilitate a smooth transition, the "Tag 50" references will remain in the Request Center for a period of time.

Acronyms currently in the user interface will be spelled out, such as "Globex Firm ID," "Futures and Options" and "Order Entry" naming will identify the "iLink Sessions."

Additional details will be provided in future notices.