Clearing members, traders and trade checkers are advised to make adequate provisions for the U.S. Treasury Bond and Treasury Note Futures Options trade checking session next Friday afternoon.
Per Rule 809D, fines of up to $3,000 may be imposed for failure to make adequate provisions for trade checking.
Applicable times for option expiration are as follows:
FRIDAY, January 25, 2008
10:30 a.m. - Options Only Out Trade Report (BXTC730AP) reflects out trades for expiring options only and will be sent to firms at each intra-day out trade pass.
2:00 p.m. - TRADING IN THE EXPIRING OPTION HALTS.
3:30 p.m. - The following reports will be made available via TCP/IP or INFOPAC.
Options Expiration Summary Report (BXTP205) shows firms’ options positions by strike price along with final settlement;
Broker Matched and Unmatched Reports (XTP080 AND XTP085) will be produced for the expiring options only;
In the Money Report (BCPM580) will be available daily and shows in-the-money options based on settlements;
Options Only Out Trade Report (BXTC730AP) reflects out trades for expiring options only and will be sent to firms at each intra-day out trade pass.
3:45 p.m. - MANDATORY TRADE CHECKING SESSION ON THE FLOOR.
4:30 p.m. - Updated Option Only Out Trade Report and Options Expiration Summary Report published.
Corrections and adjustments submitted to the Clearing House.
5:00 p.m. - Updated Option Only Out Trade Report and Options Expiration Summary Report published.
5:15 p.m. - MANDATORY FINAL TRADE CHECKING SESSION ON THE FLOOR. Firms may not leave with unresolved items.
6:00 p.m. - Deadline for exercise and automatic exercise cancellation to be submitted to the Clearing House. (NOTE: UNRECONCILED OUT TRADES WILL BE BUSTED.)
7:00 p.m. - Clearing House processing
After 10:00 p.m. - Option Exercise / Assignments Notice (BCPM650) will be distributed via TCP/IP or INFOPAC.
Paul J. Draths - Vice President and Secretary
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.