• UPDATE 1: Weekly OneChicago SSFs-Effective January 15, 2010

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers
      • From
      • CME Clearing
      • #
      • 09-591
      • Notice Date
      • 31 December 2009
      • Effective Date
      • 15 January 2010
    • Effective Friday, January 15, 2010, new weekly single stock futures (SSF) from OneChicago will be available for trading on the CME Globex electronic trading platform.
      These contracts will be eligible for trading on Friday and will expire the following Friday, for a total of six trading days. Weekly contracts will not be listed for the week ending on the third Friday of the month, since that is the normal product expiration. The weekly SSFs will trade alongside the current standard, monthly products. Position rolling will not be allowed in these products.
      The tag 1151-SecurityGroup values will be constructed with the following weekly codes appended:
      Week 1 – 5C
      Week 2 – 6C
      Week 3 – none
      Week 4 – 7C
      Week 5 – 8C
      Clearing Codes for Weekly SSFs will be as follows:
       
      Product
      Week 1
      Week 2
      Week 4
      Week 5
      1
      Sears Holding
      5SH
      6SH
      7SH
      8SH
      2
      General Electric
      5GE
      6GE
      7GE
      8GE
       
       
       
       
       
      The underlying stocks which will have the weekly expiring futures on them will be announced by OneChicago after the close of business of Wednesday, for launch that Friday. The initial weekly SSFs will be for Sears Holding and GE.
      Initial Weekly OneChicago SSFs:
      Product
      Week Four
      Sears-Holding
      SHLD7C
      General Electric
      GE7C
       
      These weekly SSFs are currently available for customer testing in New Release.