• COMEX Options Expiration Operational Procedures for the Trading Floor and Clearing Members (HX, OG, SO) Effective Thursday, October 25, 2012

      • To
      • Clearing Member Firms; Floor Brokers/Floor Clerks
      • From
      • CME Clearing
      • #
      • 12-455
      • Notice Date
      • 24 October 2012
      • Effective Date
      • 25 October 2012
    • The expiration date for the November 2012 options contract for Copper Option (HX), Gold Option (OG), Silver Option (SO) are Thursday, October 25, 2012. 
       
      FLOOR PROCEDURES
       
      All Floor Traders that carry on option position at the close of business on the day prior to the expiration day, or engaged in trading activity on Expiration Day in the expiring contract(s) are required to have a duly authorized representative available to the Exchange and other Floor Brokers or their representatives for trade resolution purposes.
       
      All Floor Brokers or their representatives can retrieve the EXPIRABLE OPTIONS CLEARED TRADES and EXPIRABLE OPTIONS DAILY OUT TRADES (Pending Trades) reports from the Member Reporting System (MRS) in Front End Clearing (FEC) for registered users.
       
      The CME Group NY Clearing Group (212-299-2120) or the Floor Trade Processing Room (212-299-2465/2044) will be available to assist Floor Traders or their representatives with processing trade corrections, transfers or any other expiration related questions or problems.

       

       

      For the full text of this advisory, please click here.