Clearing House Advisory Notices
To | All Firm Personnel, Service Bureau Representatives, and Independent Software Vendors
From | Clearing House Department
Subject | Change in Minimum Increment for Eurodollar Options - Effective Sunday, November 14, 2004
Notice Date | 2004-10-21
Notice Number | 04-193
Effective Date |
Beginning Sunday, November 14, 2004, all Eurodollar Serial, Quarterly, Mid-Curve and 5-year Bundle options will be eligible to trade in increments of .005 (1/2-tick), under new rules. However, the nearest expiring regular quarterly options on CME Eurodollar futures contracts will still be eligible to trade in increments of .0025 ($6.25) , if the underlying quarterly future is eligible to trade in quarter-ticks. Attached is a table illustrating this change, with the new rules in bold-faced type. For the full text of this advisory...