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Effective Sunday, February 12, 2006 (trade date February 13, 2006), the Chicago Board of Trade (CBOT®) will reduce the minimum
trading increment for CBOT 10-Year Interest Rate Swap futures (Open Auction Ticker - NI, Electronic Ticker - SR, Clearing
Code - 66) from one thirty-second ($31.25) to one-half of one thirty-second of one point ($15.625).
For reduced tick spreads, the tick size will be ¼ of 1/32 of a point ($7.8125/contract).
Price Formats:
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Actual Price Format
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106 28.5/32 |
|
TREX Price Format
|
0106285 |
|
SPAN Price Format
|
0106285 |
|
Trade Register Format
|
106 28.5/32 |
|
Final Special Settlement Price
|
116172 (Note: It can settle in 1/4 ticks.) |
For more information, please contact the CME Clearing House at 312-207-2525. |
