Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | NASDAQ 100 and E-mini NASDAQ 100 Options – Strike Listing Rule Changes (Various Effective Dates) and Minimum Tick Size Changes (Effective Sunday, July 17, 2005)
Notice Date | 2005-06-13
Notice Number | Q2005-79
Effective Date |
The following changes were recently approved by the CME Board of Directors: Effective Sunday, July 17, 2005 for July 18th trade date, the NASDAQ 100 and E-mini NASDAQ 100 options will follow a variable tick table. Premiums greater than $3.00 will tick in 0.25 increments, while premiums less than or equal to $3.00 will tick in 0.05 increments. The NASDAQ 100 strike listing rules will be based on a 15% reference index with 25 index point intervals. 5 index point intervals will be added in the lead month. The E-Mini NASDAQ 100 strike listing rules will retain the 100 index point range but with an increased interval from 10 to 25 index points. 5 point intervals will be added in the lead month. The strike interval changes will be phased in as the current listings expire. A schedule is attached.