Client Management Advisory Notice

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From Client Management Operations
Subject IMPORTANT UPDATE - CME To Launch Futures Expirations Specific To The Day.
Effective Date 07/07/03
Notice Number CMO#0388

IMPORTANT UPDATE:  The launch target for futures with daily expirations has been pushed back to March, 2004, due to the implementation of the CBOT-CME Common Clearing Link.

CME plans as early as the fourth quarter, to introduce futures contracts with expirations specific to the day

Please view the attached notice for more information.

Thank you.