The Chicago Mercantile Exchange Inc. ("CME" or "Exchange") is amending the trading rules and regulations for monthly and weekly options on Mexican Peso/U.S. Dollar ("MXN/USD") futures so that they no longer exercise into monthly futures of the same corresponding contract month but instead into the more liquid and transparent underlying futures contract that is the nearest futures contract in the March quarterly cycle (i.e., March, June, September, and December). These changes are designed to improve the utility of monthly and weekly MXN/USD options for market participants while facilitating the calculation of daily settlement pricing marks that are used by CME Clearing in the determination of variation margin for these options. These changes will make monthly and weekly MXN/USD options consistent with the trading terms and conditions of monthly and weekly options on the Exchange’s six major foreign exchange currency pair futures.
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