• RESTRICTED CONTRACT MARKETS FOR CME RULE 552 (“DUAL TRADING RESTRICTIONS”)

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5877
      • Notice Date
      • 08 August 2011
      • Effective Date
      • 08 August 2011
    • The Exchange has approved the following list of restricted markets for the implementation of CME Rule 552 (“Dual Trading Restrictions”), effective for the remainder of the third quarter and the beginning of the fourth quarter of 2011. 

      Please note that as of September 1, 2011, the dual trading restrictions will become applicable to the sixth contract month position quarterly cycle Eurodollar options.

                 EURODOLLAR OPTIONS:  Dual trading is restricted in the following contract month positions, up to but not including the last five business days of the contract month:

      o    First, second, third, fourth, fifth and sixth (as of Sep 1) contract month position quarterly ED options.

      o    First and second position serial month ED options.

      o    First, second and third contract month position quarterly cycle One-Year ED MidCurve options.

      o    First and second position serial month One-Year ED MidCurve options.

       

                 S&P 500® INDEX OPTIONS:  Dual trading is restricted in the first quarterly contract month position S&P 500 options and the first serial contract month position S&P 500 options, up to but not including the last five business days of the contract month.

      The Exchange regularly reviews historical volume data in order to determine those contracts and contract months deemed mature and liquid pursuant to CME Rule 552.  Any new restrictions on dual trading will occur only after prior notice has been provided to shareholder/members.   

      Please see the reverse side of this document for information on the date ranges during which dual trading is restricted in each of the restricted contract months.

       

       

       

       

      EFFECTIVE DATES OF DUAL TRADING RESTRICTIONS ON CME PRODUCTS

      The following schedule details the effective periods of the dual trading restrictions by contract month for CME products. 

       

       

      ----DUAL TRADING RESTRICTION----

       

      CME Product

      Contract Month

       

      Restricted Dates

       

      Date Lifted

      Termination of Trading Date

       

       

       

       

       

       

       

      ED Options

      Sep 2011

      6/1/10

      To

      9/2/11

      9/6/11

      9/12/11

      (Quarterlies)

      Dec 2011

      9/15/10

      To

      12/5/11

      12/6/11

      12/12/11

       

      Mar 2012

      12/14/10

      To

      3/5/12

      3/6/12

      3/12/12

       

      Jun 2012

      3/15/11

      To

      6/4/12

      6/5/12

      6/11/12

       

      Sep 2012

      6/14/11

      To

      9/10/12

      9/11/12

      9/17/12

       

      Dec 2012

      9/20/11

      To

      12/10/12

      12/11/12

      12/17/12

       

      Mar 2013

      12/20/11

      To

      3/11/13

      3/12/13

      3/18/13

       

      ED Options

      Aug 2011

      5/16/11

      To

      8/5/11

      8/8/11

      8/12/11

      (Serials)

      Oct 2011

      7/18/11

      To

      10/7/11

      10/10/11

      10/14/11

      Nov 2011

      8/15/11

      To

      11/4/11

      11/7/11

      11/11/11

      Jan 2012

      10/17/11

      To

      1/6/12

      1/9/12

      1/13/12

       

      1-Yr. MidCurve Options

       

       

       

       

       

       

      (Quarterlies)

      Sep 2011

      3/21/11

      To

      9/9/11

      9/12/11

      9/16/11

       

      Dec 2011

      6/20/11

      To

      12/9/11

      12/12/11

      12/16/11

       

      Mar 2012

      9/19/11

      To

      3/9/12

      3/12/12

      3/16/12

       

      Jun 2012

      12/19/11

      To

      6/8/12

      6/11/12

      6/15/12

       

      Sep 2012

      3/19/12

      To

      9/7/12

      9/10/12

      9/14/12

       

      1-Yr. MidCurve Options

       

       

       

       

       

       

      (Serials)

      Aug 2011

      7/18/11

      To

      8/5/11

      8/8/11

      8/12/11

      Oct 2011

      8/15/11

      To

      10/7/11

      10/10/11

      10/14/11

      Nov 2011

      10/17/11

      To

      11/4/11

      11/7/11

      11/11/11

      Jan 2012

      11/14/11

      To

      1/6/12

      1/9/12

      1/13/12

       

      SP Options

      Sep 2011

      6/17/11

      To

      9/8/11

      9/9/11

      9/15/11

      (Quarterlies)

      Dec 2011

      9/16/11

      To

      12/8/11

      12/9/11

      12/15/11

      Mar 2012

      12/16/11

      To

      3/8/12

      3/9/12

      3/15/12

      Jun 2012

      3/16/12

      To

      6/7/12

      6/8/12

      6/14/12

       

      SP Options

      Aug 2011

      7/15/11

      To

      8/11/11

      8/12/11

      8/19/11

      (Serials)

      Oct 2011

      8/19/11

      To

      10/13/11

      10/14/11

      10/21/11

      Nov 2011

      10/21/11

      To

      11/10/11

      11/11/11

      11/18/11

      Jan 2012

      11/18/11

      To

      1/11/12

      1/12/12

      1/20/12

       

       

       

       

       

       

       

      If you have any questions regarding the dual trading restrictions, please contact Shantell Stanberry, Senior Data Quality Analyst, Market Regulation, at 312.435.3642 or Lou Abarcar, Associate Director, Market Regulation, at 312.341.3236.