Chadv13-411 - CME Group

Kansas City Wheat Calendar Swap (KWS) price format change

- To
- Clearing Member Firms; Back Office Managers
- From
- CME Clearing
- #
- 13-411
- Notice Date
- 11 September 2013
- Effective Date
- 23 September 2013

Effective 09/23/2013, CME Group will modify the KCBT Wheat Calendar Swap (KWS) price format from fractional to decimal. The change will make the KCBT Wheat Calendar Swap price format consistent with the existing grain swaps such as the Corn Calendar Swap (CCS). This change applies to trade and settlement price display, specific examples below.

Existing format Format Effective 09/23

Minimum Price Fluctuation	¼ cent (.0025)	.0025
Value Per Tick	$12.50	$12.50
Print Trade Register	7.00 3/4	7.0075
Settlement/SPAN file	7007	70075
FIXML	7.0075	7.0075
FEC	7.007	7.0075

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