• Transition of CME Spot Market from Open Outcry to Electronic Trading Delayed Until January 23, 2017

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7680RR
      • Notice Date
      • 20 December 2016
      • Effective Date
      • 22 January 2017
    • (This SER supersedes SER 7680R dated December 5, 2016 and is being issued to advise that the transition of CME Spot Market from open outcry to electronic trading is being delayed until Monday, January 23, 2017.)

      Effective Sunday, January 22, 2017 for trade date Monday, January 23, 2017, Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) will begin transitioning the dairy spot markets from open outcry to the CME Direct Auction electronic platform commencing with the Nonfat Dry Milk (NM) contract. In an effort to ensure a seamless transition, the Exchange shall delay beginning the transition from January 9, 2017 to January 23, 2017.

      Questions regarding the Rulebook portion of this Special Executive Report may be directed to Erin Middleton, Sr. Rules & Regulatory Outreach Specialist at 312-341-3268 Erin.Middleton@cmegroup.com, Robert Sniegowski, Executive Director, Rules & Regulatory Outreach at 312-341-5991, Robert.Sniegowski@cmegroup.com. All other questions may be directed to Candice Lucas, Director, Agriculture Commodity Business Line Management, at 312-930-3365 or Candice.Lucas@cmegroup.com or Charles Piszczor, Director, Commodity Research & Product Development, at 312-930-4536 or Charles.Piszczor@cmegroup.com.

      Please click here for PDF of SER-7680RR.