Clearing House Advisory Notices
To | All Firm Personnel, Service Bureau Representatives, Independent Software Vendors
From | Clearing House Department
Subject | Implied CME E-Livestock Spreads on CME Globex
Notice Date | 2005-10-18
Notice Number | 05-242
Effective Date | 2005-10-18
Please find details of two upcoming changes which will affect CME® E-Livestock Spreads traded on CME® Globex®, effective Monday, October 31, 2005: Implied Meat Spreads on CME Globex Effective Monday, October 31, 2005, implied spread pricing for E-Live Cattle (LE) and E-Lean Hogs (HE) Calendar spreads will be available on CME Globex. Implied spread pricing enhances trading and risk management opportunities on these products. To understand how implied spread pricing works, please refer to our “Implied Pricing for Eurodollar Futures on Globex” document, located at http://www.cme.com../files/EUImpliedPrice.pdf, which explains the concept thoroughly. For full text of this advisory....