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

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6460
      • Notice Date
      • 14 November 2012
      • Effective Date
      • 14 November 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 fourth quarter of 2012 and until further notice.
      Please note that effective immediately, based upon a decline in average daily volume, the dual trading restrictions on the following contract months will be removed: first quarterly position S&P 500 options, fifth quarterly position ED options, sixth quarterly position ED options and first serial position One-Year ED MidCurve options.
      Dual Trading Restrictions in the following contracts remain:
      •           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 and fourth 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.
       
      •           S&P 500® INDEX OPTIONS: Dual trading is restricted in 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
      Dec 2012
      9/20/11
      To
      12/10/12
      12/11/12
      12/17/12
      (Quarterlies)
      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
       
      Mar 2014
      12/17/12
      To
      3/10/14
      3/11/14
      3/17/14
       
      Jun 2014
      3/19/13
      To
      6/9/14
      6/10/14
      6/16/14
       
      ED Options
      Nov 2012
      10/15/12
      To
      11/9/12
      11/12/12
      11/16/12
      (Serials)
      Jan 2013
      11/19/12
      To
      1/4/13
      1/7/13
      1/11/13
       
      Feb 2013
      1/14/13
      To
      2/8/13
      2/11/13
      2/15/13
       
      Apr 2013
      2/19/13
      To
      4/5/13
      4/8/13
      4/12/13
       
      1-Yr. MidCurve Options
       
       
       
       
       
       
      (Quarterlies)
      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
       
      Jun 2013
      12/17/12
      To
      6/7/13
      6/10/13
      6/14/13
       
      Sep 2013
      3/18/13
      To
      9/6/13
      9/9/13
      9/13/13
       
      SP Options
      Nov 2012
      10/19/12
      To
      11/8/12
      11/9/12
      11/16/12
      (Serials)
      Jan 2013
      11/16/12
      To
      1/10/13
      1/11/13
      1/18/13
       
      Feb 2013
      1/18/13
      To
      2/7/13
      2/8/13
      2/15/13
       
      Apr 2013
      2/15/13
      To
      4/11/13
      4/12/13
      4/19/13
       
      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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