MARKET REGULATION ADVISORY NOTICE
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Exchange
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CBOT
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Subject
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Wheat
Futures Closing Range
Time Period
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Rule References
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CBOT Rule 546
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Advisory Date
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February 11, 2008
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Advisory Number
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CBOT – RA0805-1
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Effective Date
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February 12, 2008
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Due to market conditions in Wheat, beginning on Tuesday, February 12,
2008, and continuing until further notice, the closing range time period in the open outcry Wheat
Futures market will change from 30 seconds to
one minute. The close will therefore begin at 1:14 p.m.
Further, the Wheat Futures Pit Committee will continue to be able to
extend the close by up to one minute due to unique market conditions on a particular trade
date. The decision to extend a close must be communicated to the market
at least five minutes prior to the commencement of the revised close for that
date. However, the Exchange will endeavor to communicate this information to the market
as soon as possible.
Questions regarding this advisory may be directed to
the following individuals in Market Regulation:
Jennifer Baum, Associate Director, 312.341.3124
Robert Sniegowski, Associate Director,
312.648.5493
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