Clearing House Advisory Notices
To | All Firm Personnel, Service Bureau Representatives, Independent Software Vendors
From | Clearing House Department
Subject | CME November 10, 2005 Weekly FX Options Expiration Schedule
Notice Date | 2005-10-04
Notice Number | 05-238
Effective Date |
As previously announced, the CME foreign exchange trading floor will be closed on Friday, November 11, 2005, in recognition of the Veterans Day holiday. Due to this Exchange holiday, all CME November 10, 2005 Weekly (Week 2) FX options will expire on Thursday, November 10, 2005. Termination of trading of the expiring American-style November 10, 2005 Weekly (Week 2) FX options occurs at 12:00 noon Central Time on the trading floor on Thursday, November 10, 2005, as a result of an early close on the business day before the Veterans Day holiday. Termination of trading of the expiring European-style November 10, 2005 Weekly (Week 2) FX options occurs at 9:00 a.m. on CME® Globex® on Thursday, November 10 and at 2:00 p.m. on the trading floor on Wednesday, November 9, 2005. For CME American-style Week 2 FX options, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on November 10 by the clearing member representing the option buyer, any option that is in the money and has not been liquidated or exercised prior to the termination of trading on November 10, shall be exercised automatically. For CME European-style Week 2 FX options, all in-the-money options are automatically exercised, as no contrary instructions are allowed. Clearing firms have until 7:00 p.m. on November 10 to get all give-ups and average price transactions accepted by the Clearing House for expired options. If you have any questions regarding this notice, please contact Laura Sutor at 312.648.5480, email lsutor@cme.com, or Lisa Amato at 312.338.2654, email lamato@cme.com. Thank you. Printer Friendly Version.....