Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Weather Contracts Size Changes - Effective April 12, 2004
Notice Date | 2004-04-06
Notice Number | Q2004-38
Effective Date |
Effective Monday, April 12, 2004, the size of the existing weather futures and options contracts will be reduced to one-fifth the current value (from $100 per degree day to $20). This change applies to only the Heating Degree Days (Domestic HDD and European CAT) Monthly and Seasonal futures and options. The Domestic and European Cooling Degree Days Monthly and Seasonal futures and options were converted during March 2004. Any existing open interest will be multiplied times five. There will be no effect on strike prices, strike intervals, and strike ranges, however. If you have any questions regarding this notice, please contact Marilee Radecki at 312.930.8193, email mradecki@cme.com, or Lisa Amato at 312.338.2654, email lamato@cme.com. Thank you.