News Release

CME Group Announces Reduced Electronic Trading Hours for CME Livestock Products in Response to Customer Feedback

Fri Oct 03 2014

CHICAGO, Oct. 3, 2014 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced it will reduce electronic trading hours of CME Livestock futures and options products following comprehensive outreach to producers, commercial customers, traders and other industry participants who manage their risk in its markets. Pending CFTC review, trading in CME Livestock markets will be amended on the CME Globex electronic trading platform beginning with trade date, Monday, October 27, 2014.

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"Over the past several months, we have been engaging with a broad cross section of customers and industry participants, including a formal survey in August, and based on that feedback we have determined we should reduce electronic trading hours for our livestock products," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. "It is important that we provide products that meet the changing needs of our customers and the market. We believe this change will result in deeper and more liquid markets to serve their risk management needs."

Beginning Monday, October 27, electronic trading hours for CME Lean Hogs, Live Cattle and Feeder Cattle futures and options will be as follows on CME Globex:

  • Monday – 9:05 a.m. to 4:00 p.m. CT
  • Tuesday to Thursday – 8:00 a.m. to 4:00 p.m. CT
  • Friday – 8:00 a.m. to 1:55 p.m. CT

Open-outcry trading hours for CME Livestock futures and options products will not be impacted by this adjustment to CME Globex trading hours.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc.  All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

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SOURCE CME Group

Media Contacts: Chris Grams, 312.930.3435,Damon Leavell, 212.299.2547, news@cmegroup.com, www.cmegroup.mediaroom.com; Investor Contact: John Peschier, 312.930.8491, CME-G

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