Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | X-Funds Index Futures - Launching October 4, 2004
Notice Date | 2004-09-09
Notice Number | Q2004-107
Effective Date |
X-funds are short-dated futures contracts that have a two-week life span. Each X-fund is comprised of underlying “components” (certain contracts traded at CME and CBOT), which may be either long or short. The X-funds are designed and managed by Commodity Trading Advisors and individuals known as “fund designers”. No actual positions are taken in the individual components that comprise the X-funds. Also, positions in the X-funds must be re-established upon expiration, as there is no automatic roll. CME will notify customers after 3:45 p.m. each Thursday prior to the next designated Monday trading session during which X-Funds will be available for a 2-week trading cycle. Please view the for more information.