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Date: October 9, 2008
Q2008-213
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New Product
Summary for Quote Vendors
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Listing Date
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Sunday,
October 19, 2008 (trade date Monday, October 20, 2008)
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Contract
Name
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Lumber Futures
and Options
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Description
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Futures
and Options being listed on CME Globex
®
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Instrument
Type
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Future
outrights, Calendar Spreads & Option outrights, verticals, horizontals, and UDS
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Ticker
Symbol(s)
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LBS
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Trading
Venue
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CME Globex
platform (Side-by- Side)
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Contract
Size
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Futures -
110,000 bd. Ft. of random lengths 2x4s / Options - 1 CME Lumber Futures
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Trading
Hours
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Sundays through
Fridays from 5:00 p.m. Central Time (CT) to 4:00 p.m. Central Time (CT)
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Valid Contract
Months
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Nov08, Jan9,
Mar09, May09, Jul09, Sep09, Nov09
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Initial
Contract Months
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Nov08
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Minimum Price
Intervals and Value Per Tick
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$0.10 per
thousand board feet = $11 per contract
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Termination of
Trading
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For Futures -
Trading in an expiring contract concludes on the business day immediately preceding the 16
th calendar day of the contract month. Expiration Time: 12:05:00 CT
For Options – Last business day of the calendar month prior to the option contract month. Expiration Time: 13:05:00 CT
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Final
Settlement Price
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Final
settlement per CME rulebook
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Exercise
Style
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American
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Exercise Price
Listings and Intervals
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ATM +/- 20 in
$5 intervals
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Price
Conventions
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Futures Trade
Price
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Option Strike
Price
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Option
Premium
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ITC 2.1 Ticker
Testing Date(s)/Time(s)
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Ticker
testing will be held on
Friday, October 10 and Friday October 17 2008 at approximately 5:00 p.m.
DST.
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Actual
Price
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257.90
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255.00
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7.00
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ITC
Transmission Format
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0025790
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0025500
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0000700
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RLC Testing in
CME Certification Environment
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These
products will be available for Quote Vendor testing in the new release environment on
October 5, 2008.
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ITC Fractional
Indicator
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2
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2
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2
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RLC
Format
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25790
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2550
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700
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Market Data
Platform Channel Information
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Market
data in ITC 2.1 format will be transmitted via MDP Channel
206; RLC format data will be transmitted via MDP Channel
13.
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Preferred
Display
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257.90
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55
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7.00
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