New  Product Advisory Notices
To All Firm Personnel, Service Bureau Representatives and Independent Software Vendors
From Clearing House Department
Subject Change To Russian Ruble Option Strike Price Intervals - Effective Immediately
Notice Date 2004-02-02
Notice Number NP04-07
Effective Date  

Effective Tuesday, February 3, 2004, the Strike Price Interval for Russian Ruble Options will be reduced from $0.0025 to $0.00025.  All existing strikes at intervals of $0.0025 have been removed from CME systems, as there was no open interest in them.  There is no change to the existing listing range of the at-the-money (ATM) and 8 above and below the ATM strike.

This change affects both pit-traded (during Regular Trading Hours) and GLOBEX® traded (during Electronic Trading Hours) Russian Ruble options.

If you have any questions regarding this notice, please contact Lisa Amato at 312.338.2654 or emaillamato@cme.com.  Thank you.