New Product Summary for Quote Vendors - Hot Rolled Steel Update

Date: October 16, 2008

Q2008-214

New Product Summary for Quote Vendors – Update #1

Listing Date                 

October 20, 2008

Contract Name

Hot Rolled Steel

Description

U.S. Midwest Domestic Hot-Rolled Coil Steel Futures

Instrument Type

Futures, Calendar Spreads and Strips

Ticker Symbol(s)

Globex: HRC Clearing Symbol: HR

Trading Venue

CME Globex^® platform, NYMEX ClearPort® Clearing (CPC)

Contract Size

20 short ton (US Tons)

Trading Hours

Sundays through Thursdays from 5:00 p.m. Central Time (CT) to 4:15 p.m. CT next day

Valid Contract Months

18 consecutive monthly contracts

Initial Contract Months

Dec. 2008

Minimum Price Intervals and Value Per Tick

Trading tick of $5.00 per ton = $100 per contract for outrights, calendar spreads, and strips.

Settlement tick of $0.50 per ton

Termination of Trading

The Business day before the 4th Wednesday of the contract month at 12:15 p.m. CT.

Final Settlement Price

Cash settled to an index which reflects an assessment of the prevailing market prices for U.S. Midwest Domestic Hot-Rolled Coil Steel.  This index is developed by CRU Indices Ltd., a subsidiary of CRU International Ltd.

Exercise Style

N/A

Exercise Price Listings and Intervals

N/A

Price Conventions

Futures Trade Price

ITC 2.1 Ticker Testing Date(s)/Time(s)

Ticker testing will be held on Friday, October 17 at approximately 5:00 p.m. DST.

Actual Price

$1005.00 ( Trade Price)

$1005.50 ( Settlement Price)

ITC Transmission Format

0100500

RLC Testing in CME Certification Environment

These products are currently available for quote vendor testing in the new release environment.

ITC Fractional Indicator

2

RLC Format

TBD

Market Data Platform Channel Information

Market data in ITC 2.1 format will be transmitted via MDP Channel 40; RLC format data will be transmitted via MDP Channel 32.

Preferred Display

1005.00