• Kansas City Wheat Calendar Swap (KWS) price format change

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 13-411
      • Notice Date
      • 11 September 2013
      • Effective Date
      • 23 September 2013
    • Effective 09/23/2013, CME Group will modify the KCBT Wheat Calendar Swap (KWS) price format from fractional to decimal. The change will make the KCBT Wheat Calendar Swap price format consistent with the existing grain swaps such as the Corn Calendar Swap (CCS). This change applies to trade and settlement price display, specific examples below.
       
       
       
                                                                                         Existing format                                                      Format Effective 09/23

      Minimum Price Fluctuation
      ¼ cent (.0025)
      .0025
      Value Per Tick
      $12.50
      $12.50
      Print Trade Register
      7.00 3/4
      7.0075      
      Settlement/SPAN file
      7007
      70075
      FIXML
      7.0075
      7.0075
      FEC
      7.007
      7.0075

       

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