New Product Advisory Notices
To | Clearing Member Firms
From | Clearing House Department
Subject | FXMarketSpace Initial Contract Specifications
Notice Date | 2007-01-31
Notice Number | NP 07-01
Effective Date | 2007-01-31
In the near future, FXMarketSpace will launch live trading of spot FX contracts for participants in the Early Adopter Program. These contracts will trade on FXMarketSpace powered by CME Globex™ and be cleared by CME Clearing. Trading will open at 3pm Chicago time on Sunday afternoons, and continue without interruption until 4pm Chicago time Friday afternoon. The value date rollover will occur at 4pm Chicago time Monday through Thursday. FXMarketSpace will be open for business on all weekdays except Christmas and New Years, and all trades will be cleared during the business day on which they occur. The initial set of eligible products consists of spot contracts in ten CLS-eligible currency pairs: six pairs with a non-US currency versus the US dollar, and four cross-rates. Information update #1 (February 7, 2007): The tick for EUR/GBP is 0.00005, not 0.00001 as originally specified. For the full text of this advisory ...