Clearing House Advisory Notices
To | Equity/Foreign Currency Futures Members/Clerks; Back Office Managers
From | Clearing House Department
Subject | SLEDS Leg Pricing
Notice Date | 2005-08-09
Notice Number | 05-174
Effective Date |
The Clearing House has received several inquiries as to the acceptable pricing methodology when assigning leg prices on equity and/or foreign currency spread trades via the new SLEDS (Single Line Entry Differential Spreads) application. Please be informed that all spread leg pricing, including spread legs priced via SLEDS, must be compliant with CME Rule 542, which states in part; For the full text of this advisory...