Client Management Advisory Notice

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From Client Management
Subject New Contract Notice - Information Update # 2 - CORRECTED INFORMATION - for Financial SPCTR futures.
Effective Date 09/04/02
Notice Number NP#0201

This notice contains some corrections.  The dollar value per Tick was incorrectly stated.  The notice read:  1 Point = .01 Index Points = $.50.  The correct information is 1 point = .01 index Points = $1.25. 

Also the Position Limit stated:  25, 000 Contracts in any single Sector or the combined Futures Equivalent.  It should have said, 25,000 contracts net long or net short in all contract months combined. 

We sincerely apologize for any confusion this may have caused.

 

The Financial SPCTR� futures seek to provide an accurate depiction of the financial services sector based upon the S&P 500� Financial Sector Index.

Financial SPCTR futures track companies, such as banks, brokerage firms, insurance companies and real estate companies. The contracts are suitable for all types of traders to focus their exposure on the financial sector of the market. The capitalization-weighted underlying index, traded on the GLOBEX electronic trading platform, contains many components, including Citigroup, American International Group and Bank of America as its largest.

 

Please see attached notice for more details.

 

Thank you.