Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | IMPORTANT REMINDER: Enhanced Electronic Options for Eurodollars on GLOBEX. -- Effective Monday, August 2, 2004
Notice Date | 2004-07-28
Notice Number | Q2004-95
Effective Date |
Effective Monday, August 2, 2004, CME will deploy Enhanced Electronic Options for Eurodollars on GLOBEX®. As part of this launch, GLOBEX® and the new system will both list Eurodollar options. Please note the important points below: If you are processing GLOBEX® data via channel 4 of the Market Data Network (RLC format), you will not receive Eurodollar option data after 07:00 Central Daylight Time (CDT) The Enhanced Electronic Options system will be used for both regular Eurodollar options and 1, 2 and 5 -year Mid-Curve Eurodollar options The system facilitates electronic trading of options spreads While both GLOBEX® and the new enhanced options system will allow Eurodollar options trading beginning in August, the contracts will not trade concurrently on both applications Upon the launch of the Enhanced Options System, Eurodollar options will trade the following hours on each system: GLOBEX®: Sunday – Thursday, 17:00 Central Daylight Time (CDT) to 06:50 (CDT) next day. Enhanced Options System: Monday – Friday, 07:00 Central Daylight Time (CDT) to 16:00 (CDT) The following information is pertinent to Enhanced Electronic Options for Eurodollars on GLOBEX® data on the Market Data Network: Market Data from the system will be available in ITC 2.1 format over Channel 2 of the Market Data Network and also via the MD API; Prices will be in the existing format; New ticker symbols for Eurodollar options and Mid-Curve options are as follows: Eurodollar options = GE 1 Yr Mid-Curve Options = GE0 2 Yr Mid-Curve Options = GE2 5 Yr Mid-Curve Options = GE5 The Exchange ID is “H” for all electronic trades. The ITC 2.1 spread ids that currently exist will continue to apply for spreads executed on the Enhanced Electronic System. Available spreads (and their spread identifiers) will include the following: Vertical Spread: VT Horizontal (a.k.a. Calendar) Spread: HZ Ratio Spread: 1x2, 1x3, 2x3: RA Straddle: ST Strangle: SG Risk Reversal: RR Horizontal Straddle Spread: HG Butterfly: BO Condor: CO XMAS Tree: XT Strip: SR Generic: GN If you have any questions regarding this notice, please contact: Marilee Radecki 312.930.8193 mradecki@cme.com Lisa Amato 312.338.2654 lamato@cme.com Thank you.