Effective Sunday June 12, 2011, (trade date Monday, June 13), CME Group will introduce Trade At Marker (TAM) futures on CME Globex pending receipt of required regulatory approvals. TAM futures are similar to the existing Trade At Settlement (TAS) products, where customers can trade at a differential to a not-yet-known price. For TAS, the not-yet-known price is the end-of-day settlement price; for TAM, it is a “marker” price.
For any given product, there may be more than one marker available to trade. This launch includes a 4:30 p.m. London GMT time marker
In the same way TAS uses “0” to represent the unknown settlement price and trades ± 10 ticks, TAM uses “0” to represent the price at the time of the marker and trades at ± 10 ticks.
|Product||Tag 1151-SecurityGroup||tag 55-Symbol|
|Light Sweet Crude Oil (WTI) - London||CLL||TM|
|Brent Crude Oil Last Day Financial - London||BZL|
|Heating Oil - London||HOL|
|RBOB Gasoline - London||RBL|
These products are currently available for customer testing in New Release.
The TAM marker prices will be disseminated via the Market Data Platform NYMEX ITC channel.
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.