• Trade At Marker (TAM) Futures

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      • Market Data Distributors
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      • Market Data Notices
      • #
      • 20110524
      • Notice Date
      • 24 May 2011
      • Effective Date
      • 12 June 2011

    • Effective Sunday June 12, 2011, (trade date Monday, June 13), CME Group will introduce Trade At Marker (TAM) futures on CME Globex pending receipt of required regulatory approvals. TAM futures are similar to the existing Trade At Settlement (TAS) products, where customers can trade at a differential to a not-yet-known price. For TAS, the not-yet-known price is the end-of-day settlement price; for TAM, it is a “marker” price.

      For any given product, there may be more than one marker available to trade. This launch includes a 4:30 p.m. London GMT time marker to correspond with the London market close and allow market participants to trade relative to the Exchange calculated marker price.

      In the same way TAS uses “0” to represent the unknown settlement price and trades ± 10 ticks, TAM uses “0” to represent the price at the time of the marker and trades at ± 10 ticks.

      Trade At Marker (TAM)

      Product Tag 1151-SecurityGroup tag 55-Symbol
      Light Sweet Crude Oil (WTI) - London CLL TM
      Brent Crude Oil Last Day Financial - London BZL
      Heating Oil - London HOL
      RBOB Gasoline - London RBL

      These products are currently available for customer testing in New Release.

      Please view the  New Product Summary.

      The TAM marker prices will be disseminated via the  Market Data Platform NYMEX ITC channel.

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