Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Spot Ruble Rate – Fractional Indicator Change – Effective Monday, June 27, 2005
Notice Date | 2005-06-17
Notice Number | Q2005-83
Effective Date |
On Thursday, June 16, 2005, CME implemented new daily Russian Ruble Rate Survey procedures to determine the spot Russian Ruble rate. As a result of this change, the spot Russian Ruble quoted in European terms will be changed to an additional level of precision. The spot price is currently disseminated with 3-decimal place precision (fractional indicator = 3). Beginning on Monday, June 27, 2005, the precision level will change from 3-decimals to 4-decimals in precision (fractional indicator = 4). There will be no change to the level of precision in the spot Russian Ruble price quoted in U.S. terms; it will remain at 6-decimals. A sample price is provided below: Date U.S. Terms European Terms 6/17/2005 .035005 28.5673 If you have any questions regarding this notice, please contact: Marilee Radecki mradecki@cme.com 312.930.8193 Kevin Brady kbrady@cme.com 312.648.3653