GLOBEX Advisory Notices
To  
From Chicago Mercantile Exchange
Subject Reminder - Mexican Peso Options Changes on GLOBEX(R)
Notice Date 2004-09-24
Notice Number 0924-1
Effective Date  

Dear GLOBEX® Customers,

Effective Monday, September 27, 2004 (Sunday, September 26, 2004 on GLOBEX), the strike price interval for Mexican peso options will decrease to $.000625. Previously, the strike price interval was set at $.001250. This change is effective for both GLOBEX and the open outcry market. Examples of the strike price format are:

 
Actual Strike Price Clearing Format Decimal Locator
$.088125 0881 6
Actual Strike Price Clearing Format Decimal Locator

 

In addition to maintaining the current strike price range, the number of strikes listed above and below the previous day's settlement price of the underlying futures contract on the trading floor will be doubled. For the initial put and call strike prices for Mexican peso options traded on the floor, CME will now list put and call options at the regular exercise price that is nearest the previous day's settlement price of the underlying futures contract and the next twenty-four higher and the next twenty-four lower regular exercise prices. There will be no change in number of strike price listings for Mexican peso options traded on GLOBEX.

Please note that this change does not impact the decimal locator, which remains at six.

If you have any questions regarding this notice, please contact Laura Sutor at 312.648.5480, or Lisa Amato at 312.338.2654.

Thank you.

Chicago Mercantile Exchange