• Product Modification Summary: Additional Strike Price Increment and Strike Price Listings, Clearing Codes BP, 1B-5B, YB, 1P-5P Effective Sunday, December 8, 2013

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 13-552
      • Notice Date
      • 05 December 2013
      • Effective Date
      • 08 December 2013
    • Amended Strike Price Increment and Additional Strike Price Listings
       
      Effective Sunday, December 8, 2013 for trade date Monday, December 9, 2013, and pending all relevant CFTC regulatory review periods, please be advised that the Chicago Mercantile Exchange, Inc. (CME or Exchange) will amend the strike price increment for GBP/USD OPTIONS. The option strike price increment will change from .0100 to .0050. In addition, the number of option strike prices above and below the at-the-money strike price will increase from 24 to 48 on CME Globex, the Exchange trading floor, and for submission for clearing on CME ClearPort.

      Code
      Clearing / Globex
      Title
      Current Option Strike Rule
      New Option Strike Rule
      (as of 12/8/2013)
      BP / 6B
      American Serial & Quarterly British Pound Options
      Option strike price increments of  .0100
      Option strike price increments of .0050
      1B-5B/ 6B1-6B5
      American Weekly British Pound Options
      Option strike price increments of  .0100
      Option strike price increments of .0050
      YB / XB
      European Serial & Quarterly British Pound Options
      Option strike price increments of  .0100
      Option strike price increments of .0050
      1P-5P / XB1 – XB5
      European Weekly British Pound Options
      Option strike price increments of  .0100
      Option strike price increments of .0050

       
       

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      Regards,
      CME Clearing
       

       

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