On September 9, 2019, CME will launch trading in several new products, called Forward BTIC Futures and Forward TACO Futures. They will be available in CME’s “New Release” testing environment beginning on Monday, August 12, 2019.
This advisory describes these new products and explains how they relate to BTIC (Basis Trade Index Close) or TACO (Trade At Cash Open) trades on equity index futures. The new products are simply futures that deliver into a BTIC or TACO trade. They will also be called BTIC+ Futures and TACO+ Futures.
For the full text of this advisory, please click here.