• Product Modification Summary: Amendments to Final Settlement Minimum Price Increment for the Options on Bitcoin Futures Contract - Effective: August 17, 2020

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 20-286
      • Notice Date
      • 23 July 2020
      • Effective Date
      • 17 August 2020
    • Final Settlement Minimum Price Increment Change – Options on Bitcoin Futures

      Effective Sunday, August 16, 2020 for trade date Monday, August 17, 2020 Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) will amend the final settlement minimum price increment for the Options on Bitcoin futures contract. The final settle tick is changing from 1 to 0.01 and the DPL is changing from 0 to 2.

      The DPL change will impact daily settle prices as well, which will get appended with trailing zeroes as seen below in price examples.

      For the full text of this advisory, please click here.