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Commodity Products	Equity Products
Interest Rate Products	FX Products
Real Estate Products	NYMEX Products on CME Globex

 

GTC/GTD Orders for Commodity Options
Effective Sunday, December 16, 2007 (trade date Monday, December 17), CME Globex launched support for GTC/GTD orders for the following Commodity options:

• Milk Class III (CME Globex product code: DC)
• Cash-Settled Butter(CB)
• Milk Class IV (GDK)
• Nonfat Dry Milk (GNF)
• Wood Pulp (WP)

Please note: this change may affect the ISIN Codes for these currently listed options. CME Group recommends all customers purge and re-load their instrument databases from the Instrument Creation (MO (m-oh)) market data messages every week.

There is no impact for customers who purge and re-load weekly, or who do not rely on the ISIN Code for instrument identification. Please contact your front-end system provider for more information.

S&P GSCI and S&P GSCI ER Market Data Change
Effective Sunday, December 2, 2007, RLC-format market data for the S&P® GSCI™ (product code GD) and S&P GSCI Excess Return (product code GA) is now disseminated on channel 13 of the Market Data Platform. Previously, market data for these products was available on channel 7.

There is no impact on the ITC-format market data channels with this change.

Horizontal and Vertical Strategies for Wood Pulp Options
Effective Sunday, December 2, 2007 (for trade date Monday, December 3), CME Group launched Horizontal (Strategy Type Code: HO) and Vertical (Strategy Type Code: VT) strategies for Wood Pulp options on futures on the CME Globex electronic trading platform.

Implied Functionality for Feeder Cattle Futures
Effective Sunday, November 18, 2007 (for trade date Monday, November 19), implied functionality for Feeder Cattle futures (CME Globex product code GF) launched on the CME Globex platform.

As a reminder, position 777 of the Instrument Creation (MO (oh)) message indicates whether a product will return legs and create implied orders. For more information, please see the Message Specifications module of the Market Data Platform SDK.

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CME Globex Trading Hours for Dow Jones Equity Index Products
When the legacy CBOT Dow Jones Index contracts launch on the CME Globex platform, scheduled for Sunday, January 13, 2008 (trade date Monday, January 14), the trading hours will be harmonized with the other CME Group equity futures and options.

Strike Listing Change for E-mini NASDAQ-100 Options
Effective Sunday, November 18, 2007 (for trade date Monday, November 19), the strikes listing rules for E-mini NASDAQ-100® options changed as described below.

Additional Calendar Spreads for E-mini Equity Futures
Effective Sunday, November 18, 2007 (for trade date Monday, November 19), futures calendar spreads were expanded to include the five quarterly outrights on the following E-mini Equity futures:

• E-mini S&P 500®
• E-mini NASDAQ-100
• E-mini S&P MidCap 400®
• E-mini S&P SmallCap 600®

The available futures calendar spread listings were expanded to include all four quarters for the E-mini Russell 2000®.

These products previously listed only one futures calendar spread each.

Delisting E-mini Russell 1000 Futures
Effective November 1, 2007, all E-mini Russell 1000® futures were delisted from the CME Globex electronic trading platform.

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Volatility-Quoted Options Launch
In February 2008, CME Group is launching volatility-quoted options on six FX options products: EuroFX, British pound, Japanese yen, Canadian dollar, Swiss franc and Australian dollar.

Volatility-quoted options support delta-neutral trading, which virtually eliminates the execution risk inherent to trading premium price options. The volatility-quoted options will utilize the existing FX options and futures products.

All of the volatility-quoted options suite, including all maturities in the American and European style and Straddle, Strangle and Vertical strategies, are currently available in the New Release environment for customer testing.

More information on these new products and the associated messaging and functionality enhancements is available in the Volatility-Quoted Options Client Impact Assessment.

GTC/GTD Orders for FX Options
Effective Sunday, December 16, 2007 (trade date Monday, December 17), CME Globex launched support for GTC/GTD orders for the following FX options:

• Czech Koruna (CKO)
• EuroFX/British Pound Cross (RP)
• Brazilian Real (BR)
• EuroFX/Czech Koruna Cross (ECZ)
• EuroFX/Swiss Franc Cross (RF)
• EuroFX/Japanese Yen Cross (RY)
• CME$INDEX (DR)

Please note: this change may affect the ISIN Codes for these currently listed options. CME Group recommends all customers purge and re-load their instrument databases from the Instrument Creation (MO (m-oh)) market data messages every week.

There is no impact for customers who purge and re-load weekly, or who do not rely on the ISIN Code for instrument identification. Please contact your front-end system provider for more information.

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Eurodollar Options Ratio Strategies Delisted
On Monday, December 10, to improve performance on the CME Globex electronic trading platform, the exchange-defined 1x3 Ratio (Strategy Type Code 13) and 2x3 Ratio (23) strategies for Eurodollar options; 1-, 2- and 5-year MidCurve options; and Treasury Matched MidCurve options were delisted.

Customers can create and trade Ratio strategies on CME Globex via the User-Defined Spreads (UDS) functionality. More information on UDS functionality is available in the Options modules of the iLink SDK and Market Data Platform SDK.

Treasury Matched Mid-Curve Options
Effective Sunday, November 18, 2007 (for trade date Monday, November 19), Treasury Matched Mid-Curve (TOMMi) options on Eurodollar futures launched on the CME Globex platform.

These options are part of the weekly mid-curve suite of Eurodollar options but have extended expirations to match the longer-dated Treasury options. Designed to meet the need for a mid-curve Eurodollar option that expires at the same time as the Treasury options, TOMMi options will eliminate the date mismatch between Treasury and mid-curve options. The matched expirations will also facilitate more precise volatility spreading with Eurodollar and Treasury options.

The CME Globex product code for these options is TE0 (t-e-zero).

Please note: CME Group will not list any weekly options that would expire on the same day as a TOMMi option.

The TOMMi options launched on CME EOS Trader with a default clip size of "99999".

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CME Globex contract specifications are available in the following product snapshots:

• NYMEX Futures on CME Globex
• NYMEX and COMEX Metal Futures on CME Globex
• NYMEX and COMEX Options on CME Globex

More information on NYMEX and COMEX products on the CME Globex platform is available at www.nymexoncmeglobex.com.

NYMEX Crack Spread and Calendar Options on CME Globex
Effective this Sunday, December 16, 2007 (for trade date Monday, December 17), the following options on NYMEX Crack and Calendar futures spreads launched on the CME Globex platform.

These new options will feature negative strike prices and User-Defined Spreads (UDS) functionality. More information on negative strike prices is available in the Enhanced Trade and Settlement Prices Client Impact Assessment. More information on UDS functionality is available in the Options module of the iLink Software Development Kit.

To provide the necessary data for customers' theoretical options pricing models, CME Group listed the following synthetic, non-tradable futures for the dissemination of settlement data.

Please note: with this launch, products with Group Code 08 will be disseminated on multiple Market Data Platform channels.

NYMEX Options Strategies on CME Globex
Effective Sunday, December 16, 2007, Straddle, Strangle, Vertical and Butterfly strategies on NYMEX RBOB, Heating Oil and Copper options launched on the CME Globex platform.

User-Defined Spreads for NYMEX RBOB, Heating Oil and Copper Options
Effective Sunday, November 18, 2007 (for trade date Monday, November 19), User-Defined Spreads (UDS) functionality launched for NYMEX RBOB, Heating Oil and Copper options on the CME Globex platform.

With this launch, full UDS functionality, including Combos and Covereds, is supported for these NYMEX options. More information on UDS functionality is available in the Options modules of the iLink SDK and Market Data Platform SDK.

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