On Friday, March 23, 2001, CME will make a correction in TOPS to the price type of the Euro-Currency futures and options contract. Currently, EC trade prices are being improperly formatted as price type 1. Price type 1 trades are returned in the TREX record without any formatting changes by CME.

Effective with the March 26, 2001 trade date, price type 6 will be applied to all TOPS EC futures and options trades. Price type 6 trades have a multiplier of ten applied to the trade price, resulting in a trailing zero being returned with the price in the TREX record, as with other currency trade prices (i.e., SF, JY, CD).

These changes will eliminate the need for our TOPS firms to make manual price changes to prevent TOPS EC trades from editing in Clearing. If you have any questions regarding this change, please contact Eugene Bridges at (312) 338-7110.