As previously announced, CME Clearing has been working for some time to support futures products
with trade prices and settlement prices that can go negative, and option products with strike
prices that can be negative. (Currently, such prices can go as low as zero, but cannot go
negative.) Monday, October 1, 2007, will be the first date on which we will support such
negative prices. The first contracts that are likely to trade or settle at less than zero are
the Weekly Average Temperature products.
Also as previously announced, we have been working for some time to support firm identifiers
which are three-character alphanumeric values -- letters and/or numbers. Currently, all firm
ID's are composed of three numeric digits. October 1, 2007 will be the day when we begin
introducing alphanumeric firm ID's.
For the full text
of this advisory . . .
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