08/03/2006
(Additions are in bold and italicized; deletions are in bold and strikethrough.)
Rule 6.57, Post-Close Trading Session
Rule 6.57, Post-Close Trading Session.
(A) Trading in all futures contract months as well as option contract months will be permitted.
(B) There shall be no maximum limits on the trading range in a Session and all trades occurring during the Session for a particular contract month of a futures contract shall be executed openly and competitively.
(C) During the Session, Floor Members, Floor Brokers and their customers may participate in the same manner as trading occurring during the regular RTH session, except that any order submitted during the RTH session, including but not limited to resting orders such as stop orders, limit orders and good until cancelled (GTC) orders, will be deemed to have expired as of the end of RTH for purposes of this Session. Accordingly, in the event that a market participant with such an expired order seeks to participate in the Session, a new order must be submitted.
(D) Prices for trades executed during the Session shall be reported on public ticker services as current market prices.
(E) Floor Members executing trades during the Session shall mark a line across their trading cards prior to the entry of a Session trade. This paragraph (E) shall not apply to Floor Members using an Approved Handheld.
(F) Prohibition on Cross-Trades. A Floor Member who has in hand at any time in the post-close session buy and sell orders of different principals for the same commodity for future delivery in the same delivery month shall not execute such orders directly between such principals.
Rule 6.57A, End of Week Trading Session
On the last trading day of the calendar week, and, in any week when an Exchange holiday falls on a Tuesday, Wednesday or Thursday on the trading day preceding such midweek Exchange holiday, there shall be no post-close trading session provided on the trading floor pursuant to Rule 6.57. Instead, on such dates, an end of week trading session (the “End of Week Session'') shall commence on the trading floor pursuant to this rule and subsequent to the close. Except as otherwise provided by the President or the President’s designee for a particular trade date, such End of Week Session shall commence
(A) Trading during the End of Week Session shall be limited to the first twelve (12) listed delivery months;
(B) There shall be no maximum limits on the trading range in an End of Week Session and all trades occurring during the End of Week Session for a particular contract month of a futures contract shall be executed openly and competitively.
(C) During the End of Week Session, Floor Members, Floor Brokers and their customers may participate in the same manner as trading occurring during the regular RTH session, except that any order submitted during the RTH session, including but not limited to resting orders such as stop orders, limit orders and good until cancelled (GTC) orders, will be deemed to have expired as of the end of RTH for purposes of this End of Week Session. Accordingly, in the event that a market participant with such an expired order seeks to participate in the End of Week Session, a new order must be submitted.
(D) Prices for trades executed during the End of Week Session shall be reported on public tick
er services; (E) Current market prices and trades executed during the End of Week Session shall not be considered in determining any settlement price.
(F) Floor Members executing trades during the End of Week Session shall mark a line across their trading cards prior to the entry of an End of Week Session trade. This paragraph (F) shall not apply to Floor Members using an Approved Handheld.
(G) Prohibition on Cross-Trades. A Floor Member who has in hand at any time in the end-of-week session buy and sell orders of different principals for the same commodity for future delivery in the same delivery month shall not execute such orders directly between such principals.