Client Management Advisory Notice
From | Client Management
Subject | Board Adopts Block Trading On An Ongoing Basis And Amends Certain Provisions - Effective Sunday, December 2, 2001.
Effective Date | 11/29/01
Notice Number | NP#0139
On December 2, 2001, Rule 526, Block Trading and related policies will be implemented on an on-going basis. The following are the related policies that will be in effect on December 2, 2001; The minimum threshold for block trades in Eurodollar futures and options has been reduced to 4,000 contracts from the current threshold of 7,500 Eurodollar futures and 10,000 Eurodollar options. However, Eurodollar futures blocks may be transacted with a minimum quantity of 1,000 contracts provided that a minimum of 1,000 positions are assumed in contract months in years 6 through 10. Block trading is extended to Euroyen futures and options with a minimum block quantity of 200 contracts. Block trading is extended to One-Month Libor futures and options with a minimum block quantity of 400 contracts. Block trading is extended to the CME-CheMatch Benzene and Mixed Xylenes futures with a minimum block quantity of ten (10) contracts. The following questions and answers (Q&A) explain the execution, reporting, and submission of block trades. If you have any questions about this matter, please do not hesitate to contact John Labuszewski, Director, Clearing Development at 312-466-7469. Thank you.