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:

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.