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

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6722
      • Notice Date
      • 24 June 2013
      • Effective Date
      • 24 June 2013
    • The Exchange has approved the following list of restricted markets for the implementation of CME Rule 552 (“Dual Trading Restrictions”), effective until further notice.
      Please note that effective immediately, based upon a decline in average daily pit-traded volume, the dual trading restrictions on the following contract months will be removed: third position quarterly ED options, first position serial ED options and first and second position quarterly 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 and second contract month position quarterly ED 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
      Sep 2013
      6/19/12
      To
      9/9/13
      9/10/13
      9/16/13
      (Quarterlies)
      Dec 2013
      9/18/12
      To
      12/9/13
      12/10/13
      12/16/13
       
      Mar 2014
      09/11/13
      To
      3/10/14
      3/11/14
      3/17/14
       
       
       
       
       
       
       
      SP Options
      Aug 2013
      7/19/13
      To
      8/8/13
      8/9/13
      8/16/13
      (Serials)
      Oct 2013
      8/16/13
      To
      10/10/13
      10/11/13
      10/18/13
       
      Nov 2013
      10/18/13
      To
      11/7/13
      11/8/13
      11/15/13
       
      Jan 2014
      11/15/13
      To
      1/9/13
      1/10/14
      1/17/14
       
      If you have any questions regarding the dual trading restrictions, please contact Shantell Stanberry, Senior Data Quality Analyst, Market Regulation, at 312.435.3642.

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