• Large Trader Reporting - Change of DCM for KCBT Products

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CBOT & KCBT RA1302-8
      • Notice Date
      • 09 December 2013
      • Effective Date
      • 16 December 2013
    • Pending regulatory approval, effective for trade date Monday, December 16, 2013, CME Group intends to dissolve the Kansas City Board of Trade (“KCBT”) designated contract market (“DCM”) and incorporate all of the existing KCBT contracts into The Board of Trade of the City of Chicago, Inc. (“CBOT”) DCM. The affected products are:
      ·         KW – KC Hard Red Winter Wheat Futures
      ·         KW – KC Hard Red Winter Wheat Options on Futures
      ·         KWO – KC Hard Red Winter Wheat Short-Dated New Crop Options
      ·         OK1 through OK5 – KC Hard Red Winter Wheat Weekly Options
      ·         KWS – KC Hard Red Winter Wheat Swaps
      ·         MKW – MGEX-KC Wheat Inter-market spread Options
      ·         KAW – AUD Hard Red Winter Wheat Swaps
      On Monday, December 16, 2013, these products will cease clearing under exchange code “08” (KCBT), and begin clearing as products of CBOT, under exchange code “01.”   
      On the morning of Monday, December 16, 2013, large trader positions should be reported under KCBT Exchange code “08” to correctly reflect the positions as KCBT positions as of the end of the day on Friday, December 13, 2013. 
      On the morning of Tuesday, December 17, 2013, the large trader reports should be reported under CBOT exchange code “01” following the first full day as CBOT products. The Commodity Futures Trading Commission (“CFTC”) has advised us that this is its expectation as well with respect to accurate reporting. Further, the CFTC is also expecting a second position file to be provided on Tuesday, December 17, 2013, for trade date Monday, December 16, 2013, for KCBT large trader with all accounts zeroed out under exchange code “08.”
      Questions regarding this Advisory should be directed to Sandra Valtierra, Manager, Market Surveillance, at 312.347.4137 or Sandra.Valtierra@cmegroup.com.
      For media inquiries concerning this Advisory Notice, please contact CME Group Corporate Communications at 312.930.3434 or news@cmegroup.com.