Market  Data Advisory Notices
To Market Data Distributors / RLC Users Only
From Market Data Operations
Subject Phased Implementation of User Defined Spreads (Covereds) on CME Globex -- Starting Sunday, November 5, 2006
Notice Date 2006-11-03
Notice Number Q2006-202
Effective Date 2006-11-03

CME® is adding User Defined Spreads (Covereds) on CME FX Options this Sunday, November 5th (trade date November 6th) and on CME Equity Options, Sunday, November 19th (trade date November 20th).  User Defined Spreads offer customers the opportunity to create unique instruments comprised of an option outright or spread covered with one or two futures.

This functionality is currently available for customer testing on the CME Equity and FX options in the CME certification environment. Additional information is available online in the UDS Expansion Client Impact Assessment document.

If you have any questions regarding this notice, please contact:

Marilee Radecki                                312.930.8193                        mradecki@cme.com

Kevin Brady                                       312.648.3653                        kbrady@cme.com

Thank you.