As you were notified in CME Group Special Executive Reports, S-5972, dated Thursday, October 13, 2011 and in S-5801, dated Wednesday, June 15, 2011, CME synchronized its Brazilian real (BRL)/U.S. dollar (USD) futures and options daily settlement price determination time with that of the BM&FBOVESPA U.S. dollar/Brazilian real futures contract. Although this change has been implemented since Monday, June 15, 2011, there was not operational impact until Brazil went on Daylight Saving Time over the weekend preceding Monday, October 17, 2011, when the first earlier settlement price determination occurred. This notice is to clarify that only the daily "settlement price determination" is synchronized with the time of BM&FBOVESPA's determination of the daily USD/BRL futures settlement prices, not the daily close of either open outcry or CME Globex trading. The trading hours for CME BRL/USD futures & options on futures contracts remain as follows:
For the full Special Executive Report, please click here (PDF).