GLOBEX Advisory Notices
To | CME Globex Customer
From | CME Globex Account Management
Subject | Reminder: CME Globex Options Enhancements: Release 2
Notice Date | 2005-10-07
Notice Number | 100705-2
Effective Date | 2005-10-07
Dear CME Globex Customers, As previously announced, CME is implementing several enhancements to the CME Globex electronic trading platform to facilitate broader access, liquidity and market-making activity in CME options on futures. For the convenience of our customers, the new functionalities were bundled into two releases. Release 1, enhancements to the CME Interest Rate products, was successfully launched in August. Release 2, featuring enhancements to the CME Equity and CME FX products, will be launched in the CME production environment this Sunday, October 9, 2005. Features of this release include: Mass Quoting functionality on CME Equity and CME FX options for CME-designated market makers; Enhanced Market Maker Protections on CME Equity and CME FX options for CME-designated market makers; and, Enhanced options price banding. Due to the fundamental differences between futures and options markets, CME is implementing dynamic price banding for selected options and options spreads on the CME Globex platform. Further information is available at www.cme.com/globexpricebanding Additional information on these releases can be found at www.cme.com/optionsenhancements. If you have any questions or concerns, please contact your CME Globex Account Manager at 312.634.8700; or in Europe at +44.207.623.2550. Thank you, CME 800.331.3332 ©2005 Chicago Mercantile Exchange Inc (CME). All rights reserved. The Globe Logo, Globex®, and CME® are trademarks of CME