• Pre-launch information for CME Event Contracts starting Friday August 19, 2022

      • To
      • Clearing Member Firms; Back Office Managers; Bookkeeping Software Providers
      • From
      • CME Clearing
      • #
      • 22-311
      • Notice Date
      • 17 August 2022
      • Effective Date
      • 19 August 2022
    • In preparation for the upcoming launch of CME Event Contracts for trade date Monday September 19, 2022 (and pending all relevant CFTC regulatory review periods), CME Clearing is beginning the pre-launch period this Friday, August 19, 2022.

      CME Event Contracts will be listed for a single business day and expire that day. They will be cash-settled, normal premium-style options on the daily settlement price of the principal contract month (the “lead month”) of an active underlying future, with a fixed payout of $20 if the contract finishes in-the-money. There will be ten contracts at launch – three based on COMEX products (gold, silver, copper), two based on NYMEX (crude oil and natural gas), four based on CME products (S&P, Nasdaq, Russell, and Euro FX), and one based on CBOT (the Dow.) All will trade at prices from 0.25 up to 20.00, with a minimum price fluctuation of 0.25.

      Click here for the full text of the advisory

      22-311