Client Management Advisory Notice
From | Client Management
Subject | Delayed Implementation Of Proposed Change To The Currency Futures Calendar Spread Trade-Matching Algorithm For Globex.
Effective Date | 11/28/01
Notice Number | NP#0135
On Friday, November 23, 2001, Client Management Notice NP#0134 stated that "pending requisite Exchange approvals and subject to the CFTC Exchange certification procedure, CME would implement changes to the currency futures calendar spread trade-matching algorithm for GLOBEX trades effective Sunday December 2, 2001." Implementation of the proposed algorithm change WILL NOT occur on Sunday, December 2, 2001 as originally reported. Our Exchange Management Team met on Tuesday, November 27, 2001, and decided that our proposed changes to the currency futures calendar spread algorithm should be reviewed by the Board of Directors at its next meeting on Wednesday, December 12, 2001. You will be notified of a new implementation date as soon as a date is set. If you have any questions, please contact Mr. Scott Brusso, Director, Currency Products, at (312) 930-3133, or Mr. Steven Youngren Associate Director, Financial Product Development, at (312) 930-4583.