Reminder Regarding CME Brazilian Real/U.S. Dollar Futures and Options Daily Settlement Price Determination Times Synchronized with BM&FBOVESPA U.S. Dollar/Brazilian Real Futures

As you were notified in CME Group Special Executive Reports, S-5987, dated Tuesday, October 25, 2011, S-5972, dated Thursday, October 13, 2011 and 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. This change was implemented on Monday, June 15, 2011, and the first operational impact occurred when Brazil went on Daylight Saving Time (DST) over the weekend preceding Monday, October 17, 2011, when the first earlier settlement price determination time occurred with the shift from 2:00 PM to 1:00 PM Central Time (CT). The second operational impact will occur on Monday, November 7, 2011, when the CME BRL/USD futures and options daily settlement price determination time shifts to 12:00 noon CT as a result of the U.S. going off DST as of Sunday, November 6, 2011. Also, this notice clarifies 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).