Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Changes To Heating Degree Days (HDD) Futures And Options- Effective September 5, 2003
Notice Date | 2003-09-05
Notice Number | Q2003-62
Effective Date |
Effective the evening of September 5, 2003the following changes will be made to existing Heating Degree Days (HDD) Weather futures and options. 1. The following GLOBEX group codes are being consolidated: a. Monthly HDD futures and options for five cities are being consolidated into one GLOBEX group b. Three Seasonal HDD futures and options cities are being consolidated into one GLOBEX group. 2. The Monthly HDD Options Strike Price Listing Rules are being greatly reduced for both block trading. (Clearing as well as on GLOBEX.) a. All Monthly HDD Options strikes for months NOV 03’ DEC 03’ JAN 04’ FEB 04’ MAR 04’ and APR 04’ will be completely de-listed from Clearing, and GLOBEX. b. All Monthly HDD Options strikes for months SEP 03’ and OCT 03’ that are outside the range of ATM +/- 100-points will be de-listed from Clearing and GLOBEX. c. All OCT 03’ Monthly HDD Options strikes that are inside the range of ATM +/- 100 that do not end with “50” or “100” will be de-listed from Clearing, and GLOBEX. d. Going forward, all Seasonal and Monthly HDD futures and options will be kept in sync on Clearing, and GLOBEX. GLOBEX will no longer list a subset of HDD options. Questions regarding this notice may be directed to: Neal Desai 312-634-8887 ndesai@cme.com Stacey Jurek 312-338-2088 sjurek@cme.com