• Transition of CME Spot Market Butter from Open Outcry to Electronic Trading on April 10, 2017

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7868
      • Notice Date
      • 20 March 2017
      • Effective Date
      • 09 April 2017
    • Effective Sunday, April 9, 2017 for trade date Monday, April 10, 2017, Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) will transition the Butter (AA) spot call market from open outcry to the CME Direct Auction electronic platform. The electronic trading hours for Butter (AA) contract will be 11:15 a.m. – 11:25 a.m. CST.  The Nonfat Dry Milk (NM) contract was successfully transitioned in a similar fashion in January 2017 (see SER-7690RR dated December 20, 2016).

      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-7868.