Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Variable Tick Implementation for E-Mini Russell 2000 Options– Effective Sunday, November 6, 2005
Notice Date | 2005-11-04
Notice Number | Q2005-156
Effective Date |
Effective Sunday, November 6, 2005, a variable tick will be implemented on the E-MiniTM Russell 2000®options contract. Premiums above 3.00 index points will tick in 0.10 increments. Premiums equal to or below 3.00 index points will tick in 0.05 increments. Cabinet trades will remain at 0.05. Additionally, variable tick increments will apply to the following options spreads: Option butterflies, horizontal option spreads, straddles, strangles and vertical option spreads. If you have any questions regarding this notice, please contact: Marilee Radecki 312.930.8193 mradecki@cme.com Kevin Brady 312.648.3653 kbrady@cme.com