Clearing House Advisory Notice
To | Operations Managers, Back Office Managers, Margin Managers & Financial Managers
From | Clearing House Department
Subject | Clearing and Bookkeeping Processing for TRAKRS
Effective Date | 07/09/02
Notice Number | 02-49
On August 1, 2002, and after a special opening procedure on July 31st, CME will launch trading in Long-Short Technology TRAKRS, the first of a new series of non-traditional futures products called TRAKRS. Developed by Merrill Lynch, TRAKRS for North America will trade exclusively at CME, and exclusively on GLOBEX. This advisory provides a detailed description of how clearing and bookkeeping procedures for TRAKRS differ from those of other futures contracts. Clearing and Bookkeeping Processing for TRAKRS