20170814A - CME Group

Minimum Order Quantity Change for Volatility-Quoted Options
- - To
  - CME Globex and Market Data Customers
- - From
  - Global Market Solutions & Services (GMSS)
- - #
  - 20170814A
- - Notice Date
  - 14 August 2017
- - Effective Date
  - 14 August 2017
- The reduction of the minimum order quantity for Volatility-Quoted Options (VQO) previously scheduled for Sunday, August 20 (trade date Monday, August 21), has been launched in production. The minimum order quantity for all VQO orders is now 10 lots.
  - Australian Dollar - Volatility-Quoted Options: tag 6937=VXA, VAA-VAE
  - British Pound - Volatility-Quoted Options: tag 6937=VXB, VBA-VBE
  - Swiss Franc - Volatility-Quoted Options: tag 6937=VXS, VSA-VSE
  - Canadian Dollar - Volatility-Quoted Options: tag 6937=VXC, VCA-VCE
  - Japanese Yen - Volatility-Quoted Options: tag 6937=VXJ, VJA-VJE
  - Euro FX - Volatility-Quoted Options: tag 6937=VXT, VTA-VTE
  In conjunction with this change, the minimum quantity requirement to trigger a triangulation execution is now set to10 for all VQO currencies. The alignment of the minimum order quantity for VQO orders with the minimum triangulation quantity across all currency pairs will serve to minimize unfilled quantity on VQO trades.

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