| VI. BOARD APPROVES E-MINI MIDCAP 400 FUTURES AND OPTIONS At its Regular Meeting on Wednesday, December 12, 2001, the Board of Directors approved the development of E-Mini Standard & Poor�s MidCap 400 Stock Price Index futures and options. These contracts represent 1/5th sized versions of the current MidCap 400 contracts � valued at $100 times the Index instead of $500 times the Index - please refer to the summary below for details. The launch date will be announced later. | | Futures | Options on Futures | Contract Size | $100 times MidCap 400 Stock Price Index | One E-Mini MidCap 400 Index Futures Contract | Contract Months | March Quarterly Cycle | Same as Futures plus 1st Two "Serial" or Non Quarterly Cycle Months | Trading Hours | Monday-Thursday 3:45 pm � 3:15 pm the following day; Sundays and holidays, 5:30 p.m � 3:15 pm the following day. | Same as Futures | Minimum Price Fluctuation | 0.10 Index Points or $10.00 | 0.10 Index Points; Cabinet = 0.05 Index Points or $5.00 | Price Limits | 5%, 10%, 15% and 20% Limits - see Rulebook for Details | No Limits | Position Limits | 5,000 Standard Sized MidCap 600 Contracts or the Combined Futures Equivalent | 5,000 Standard Sized MidCap 600 Contracts or the Combined Futures Equivalent | Final Settlement Date | The third Friday of the Contract Month | - | Last Trading Day | Trades until 8:30 a.m. (Chicago time) on Final Settlement Date. | Trades until 8:30 a.m. (Chicago time) on Final Settlement Date. | Final Settlement Price | Based upon a Special Open Quotation of the MidCap 400 Index referencing the opening values of Constituent Stocks | - |
If you have any questions, please contact Mr. John W. Labuszewski, Director, Clearing Development, at (312) 466-7469, or Mr. Richard Co, Associate Director, Product Development, at (312) 930-3227. |
