• Amendments to Block Trade Minimum Threshold Levels for Inter-Commodity Spread or Combination (“ICS”) Transactions in Short-Term Interest Rate (“STIR”) Futures and Options Products

      • To
      • Members, Member Firms, and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-8504R
      • Notice Date
      • 19 December 2019
      • Effective Date
      • 12 January 2020

    • SER-8504R is being issued to correct the current requirement attendant to meeting the block trade minimum threshold in inter-commodity spread or combination trades in short-term interest rate options in the third paragraph of this notice.

      Effective on Sunday, January 12, 2020, for trade date Monday, January 13, 2020, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME”) and The Board of Trade of the City of Chicago, Inc. (“CBOT”) (collectively, “the Exchanges”) will adopt a revised standard for meeting the block trade minimum threshold levels in ICS transactions in STIR futures and options products (Three-Month Eurodollar, One-Month Eurodollar, Three-Month SOFR, One-Month SOFR and 30-Day Federal Funds).

      Click HERE for full advisory.

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