Clearing House Advisory Notices
To | Back Office Managers; Software Providers
From | CME Clearing
Subject | Tick Changes for U.S. Treasury Products Coming March 3, 2008
Notice Date | 2008-02-19
Notice Number | 08-26
Effective Date | 2008-03-02
Beginning trade date March 3, 2008 CME Group will reduce the minimum tick size for three of its most actively traded U.S. Treasury products. The following products will have new minimum tick values for outrights, starting on Sunday night, March 2, 2008 for trade date March 3, 2008: 30-Year U.S. Treasury Bond Futures (Clearing Code 17) from 1/32 nd to ½ of 1/32 nd (from $31.25 to $15.625), 5-Year U.S. Treasury Note Futures (Clearing Code 25) from ½ of 1/32 nd to ¼ of 1/32 nd (from $15.625 to $7.8125), and 5-Year U.S. Treasury Note Options, including Flexible Options (Clearing Codes 25, 57, and 60) from 1/64 th to ½ of 1/64 th (from $15.625 to $7.8125). For the full text of this advisory...