Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | REMINDER: Ex-Pit Transaction Functionality – Effective Sunday, July 9, 2006
Notice Date | 2006-07-03
Notice Number | Q2006-113
Effective Date | 2006-07-09
On Sunday, July 9, 2006 (for trade date Monday, July 10, 2006), to facilitate market transparency, CME is scheduled to launch Ex-Pit transaction functionality on the CME Globex platform. Ex-Pit transactions are pre-arranged transactions between trading parties that occur outside of the regular market. The new Ex-Pit transaction process will facilitate market transparency by automating booking and eliminating risk due to untimely transaction reporting. Only one party (i.e., buyer or Seller) is required to submit the Ex-Pit transaction; it is recommended that the selling party submit the transaction to avoid duplication. Please view the attached notice for more information.