Client Management Advisory Notice
From | Systems Liaison
Subject | EFPs in Back Month Eurodollar and Fortune e-50 Futures - Effective 10/2/2000
Effective Date | 09/22/00
Notice Number | NP##0011
Effective Monday, October 2, 2000, firms will be able to trade EFPs in the back month Eurodollar futures, Eurodollar Packs and Bundles, and Fortune e-50 futures. The Board of Directors voted to eliminate the restriction on these products at its last meeting on August 30th, in a move to provide customers with enhanced transaction efficiencies and greater flexibility in using CME products. TRADE ENTRY To submit these trades for clearing, firms will use the EFP system. However, for EFPs on Eurodollar Packs and Bundles, each leg must be entered individually into the EFP system. To assist firms in deriving the individual leg prices, firms can use the Bundle Entry screen in TES (option 9 on the main TES menu). However, firms SHOULD NOT use the Bundle Entry screen to submit the trades to Clearing, as this will cause a duplicate entry of trades. If you have any questions, please contact Lisa Amato at (312) 338-2654. Thank you.