• RESTRICTED CONTRACT MARKETS FOR CME RULE 552 (“DUAL TRADING RESTRICTIONS”)

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6289
      • Notice Date
      • 22 June 2012
      • Effective Date
      • 22 June 2012
    • The Exchange has approved the following list of restricted markets for the implementation of CME Rule 552 (“Dual Trading Restrictions”), effective for the remainder of the second quarter and the beginning of the third quarter of 2012. 
      Please note that effective immediately, the dual trading restriction on the second contract month position in the serial One-Year ED MidCurve options will be removed.
      •           EURODOLLAR OPTIONS: Dual trading is restricted in the following contract month positions, up to but not including the last five business days of the contract month:
      o    First, second, third, fourth, fifth and sixth contract month position quarterly ED options.
      o    First and second position serial month ED options.
      o    First, second and third contract month position quarterly cycle One-Year ED MidCurve options.
      o    First position serial month One-Year ED MidCurve options.
       
      •           S&P 500® INDEX OPTIONS: Dual trading is restricted in the first quarterly contract month position S&P 500 options and the first serial contract month position S&P 500 options, up to but not including the last five business days of the contract month.
      The Exchange regularly reviews historical volume data in order to determine those contracts and contract months deemed mature and liquid pursuant to CME Rule 552.  Any new restrictions on dual trading will occur only after prior notice has been provided to shareholder/members.   
      Please see the reverse side of this document for information on the date ranges during which dual trading is restricted in each of the restricted contract months.
       
       
       
      EFFECTIVE DATES OF DUAL TRADING RESTRICTIONS ON CME PRODUCTS
      The following schedule details the effective periods of the dual trading restrictions by contract month for CME products.  
       
       
      ----DUAL TRADING RESTRICTION----
       
      CME Product
      Contract Month
       
      Restricted Dates
       
      Date Lifted
      Termination of Trading Date
       
       
       
       
       
       
       
      ED Options
      Sep 2012
      6/14/11
      To
      9/10/12
      9/11/12
      9/17/12
      (Quarterlies)
      Dec 2012
      9/20/11
      To
      12/10/12
      12/11/12
      12/17/12
       
      Mar 2013
      12/20/11
      To
      3/11/13
      3/12/13
      3/18/13
       
      Jun 2013
      3/20/12
      To
      6/10/13
      6/11/13
      6/17/13
       
      Sep 2013
      6/19/12
      To
      9/9/13
      9/10/13
      9/16/13
       
      Dec 2013
      9/18/12
      To
      12/9/13
      12/10/13
      12/16/13
       
      ED Options
      July 2012
      5/14/12
      To
      7/6/12
      7/9/12
      7/13/12
      (Serials)
      Aug 2012
      7/16/12
      To
      8/3/12
      8/6/12
      8/10/12
       
      Oct 2012
      8/13/12
      To
      10/5/12
      10/8/12
      10/12/12
       
      Nov 2012
      10/15/12
      To
      11/9/12
      11/12/12
      11/16/12
       
      1-Yr. MidCurve Options
       
       
       
       
       
       
      (Quarterlies)
      Sep 2012
      3/19/12
      To
      9/7/12
      9/10/12
      9/14/12
       
      Dec 2012
      6/18/12
      To
      12/7/12
      12/10/12
      12/14/12
       
      Mar 2013
      9/17/12
      To
      3/8/13
      3/11/13
      3/15/13
       
      1-Yr. MidCurve Options
       
       
       
       
       
       
      (Serials)
      July 2012
      5/14/12
      To
      7/6/12
      7/9/12
      7/13/12
       
      Aug 2012
      7/16/12
      To
      8/3/12
      8/6/12
      8/10/12
       
      Oct 2012
      8/13/12
      To
      10/5/12
      10/8/12
      10/12/12
       
      Nov 2012
      10/15/12
      To
      11/9/12
      11/12/12
      11/16/12
       
      SP Options
      Sep 2012
      6/15/12
      To
      9/13/12
      9/14/12
      9/20/12
      (Quarterlies)
      Dec 2012
      9/21/12
      To
      12/13/12
      12/14/12
      12/20/12
       
      Mar 2013
      12/21/12
      To
      3/7/13
      3/8/13
      3/14/13
       
      SP Options
      July 2012
      5/18/12
      To
      7/12/12
      7/13/12
      7/20/12
      (Serials)
      Aug 2012
      7/20/12
      To
      8/9/12
      8/10/12
      8/17/12
       
      Oct 2012
      8/17/12
      To
      10/11/12
      10/12/12
      10/19/12
       
      Nov 2012
      10/19/12
      To
      11/8/12
      11/9/12
      11/16/12
       
      If you have any questions regarding the dual trading restrictions, please contact Shantell Stanberry, Senior Data Quality Analyst, Market Regulation, at 312.435.3642 or Lou Abarcar, Director, Market Regulation, at 312.341.3236.

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