• TAS, TAM, BTIC, and TACO Transactions

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME-Group-RA1803-5
      • Notice Date
      • 20 April 2018
      • Effective Date
      • 14 May 2018
    • Effective on trade date Monday, May 14, 2018, and pending all relevant CFTC regulatory review periods, this Market Regulation Advisory Notice will supersede CME Group Market Regulation Advisory Notice RA1601-5 from January 12, 2016. It is being issued based on amendments to CME and CBOT Rule 524 that incorporate provisions concerning Basis Trade at Cash Open (“TACO”) transactions into the Rule. A TACO transaction is an Exchange futures transaction that is priced with reference to the next following regularly scheduled special opening quotation (“SOQ”) of such futures contract’s underlying cash Index (the “Basis”). Effective on Sunday, May 13, 2018, for trade date Monday, May 14, 2018, TACO transactions will begin to be permitted in CME E-mini S&P 500 futures.

      Click HERE for full advisory.