GLOBEX Advisory Notices
To |
From | CME(R) Globex(R) Account Management
Subject | Reminder - New E-mini NASDAQ-100(R) Options On CME(R) Globex(R)
Notice Date | 2004-11-19
Notice Number | 111904-1
Effective Date |
Dear CME Globex Customers, Effective this Sunday evening, November 21, 2004, the CME E-miniTM NASDAQ-100® options on futures contracts will be launched on the CME Globex trading platform. The CME E-mini NASDAQ-100 options on futures contracts are currently available for testing in the CME certification environment. Further information on the CME E-mini NASDAQ-100 options on futures contracts is available on the CME Web site.
NEW CONTRACT NOTICE
CONTRACT NAME: | CME E-mini NASDAQ-100 Index Options on Futures
LISTING DATE: | Sunday, November 21, 2004
DESCRIPTION: | Option on one CME E-mini NASDAQ-100 futures contract
CONTRACT SIZE: | One CME E-mini NASDAQ-100 Index Futures Contract, equivalent to $20 x NASDAQ-100 Index
CME GLOBEX TRADING HOURS: | Monday through Thursday, 5:00 p.m. - 3:15 p.m. Central time (CT) and 3:30 p.m. - 4:30 p.m CT the next day; shutdown period from 4:30 p.m. - 5:00 p.m. CT nightly; Sunday and Holidays 5:00 p.m. - 3:15 p.m. CT the next day
VALID CONTRACT MONTHS: | All twelve calendar months
INITIAL CONTRACT MONTHS: | 2 Quarterlies (Dec 2004 and Mar 2005) and 2 Serials (Jan 2005 and Feb 2005)
COMMODITY CODE: | NQ Puts/Calls
TICKER SYMBOL: | NQ Puts/Calls. Example: the symbol "NQZ4 C1525" refers to a CME E-mini NASDAQ-100 December, 2004, 1525 Call
MINIMUM PRICE INTERVALS: | .05 Index Points or $1.00; Cabinet = 0.025 Index Points or $0.50
DOLLAR VALUE PER TICK: | $1.00
EXERCISE PRICE INCREMENTS: | 10 Index Points, e.g. 1500, 1510, 1520, etc.
EXERCISE PRICE LISTING RULES: | CME will list the exercise price that is nearest to the at-the-money price, and 10 exercise prices above and 10 below that exercise price.
EXERCISE: | American Style. All in-the-money options are automatically exercised at expiration in the absence of contrary instructions. Options may be exercised until 7:00 p.m. CT on any business day the option is traded.
TERMINATION OF TRADING: | Third Friday of the contract month
POSITION LIMITS: | 5,000 Standard Sized NASDAQ-100 contracts or the combined futures equivalent
MINIMUM REPORTABLE LEVEL: | 25 Standard Sized NASDAQ-100 contracts or the combined futures equivalent
CFTC REPORTABLE NUMBER: | Contact Judy Sepsey, CFTC, at Maggie Sweet at 312-596-0609.
PERFORMANCE BOND REQUIREMENTS: | To be published by the Clearing House
CLEARING FEES: | To be published by the Audit Department
PRICE CONVENTIONS:
| Strike Price | Premium
--- | --- | ---
Actual Price | 1520 | 23.25
TREX/TES Format | 1520 | 2325
Trade Register File | 1520 | 2.325
Settlement Price File | 1520 | 2325
CME SPAN® File | 1520 | 2325
CME Globex Price Entry | 1520 | 2325
CME Globex Cabinet Price | n/a | 0 (zero)
APS File Format | 1520 | 2325
FOR FURTHER INFORMATION, CONTACT:
cme.com Inquiries: | Customer Service | (800) 331-3332
General Information: | Lisa Amato | (312) 338-2654
Steve Mazur | (312) 930-2035
CME Globex Information: | CME Globex Control Center | (312) 456-2391
Performance Bond Information: | Risk Management Dept. | (312) 648-3888
Position Limits: | Ken Lovett | (312) 648-3259
Thank you, CME