• Amended Minimum Price Increment for Cleared OTC U.S. Dollar / Korean Won Spot, Forward and Swap Transactions, Effective Immediately.

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6278
      • Notice Date
      • 18 June 2012
      • Effective Date
      • 18 June 2012

    • As you were previously notified in CME Group Special Executive Report, S-5997, dated Wednesday, November 7, 2011, CME published the contract rules for Cleared Overthe-Counter (OTC) U.S. Dollar (USD) / Korean Won (KRW) Spot, Forward and Swap Transactions. Please note that effective immediately, CME is changing the minimum price increment for the Cleared USD/KRW Spot, Forward and Swap Transactions from 0.01 to 0.0001 Korean won per U.S. dollar. This reduction in size of the allowable minimum tick is made to conform to current quoting conventions in the OTC foreign exchange markets.

      For the full Special Executive Report, please click here (PDF).

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