Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Reminder: Change in Minimum Increment for Eurodollar Options - Effective Sunday, November 14, 2004
Notice Date | 2004-11-12
Notice Number | Q2004-137
Effective Date |
Beginning Sunday, November 14, 2004, all pit and electronically traded Eurodollar Serial, Quarterly, Mid-Curve and 5-year Bundle options will be eligible to trade in increments of .005 (1/2-tick), under new rules. However, the nearest expiring regular quarterly options on CME Eurodollar futures contracts will still be eligible to trade in increments of .0025 ($6.25) if the underlying quarterly future is eligible to trade in quarter-ticks. The attached table illustrates this change. Thank you.