• Large Trader Requirements, Single Month/All Month Limits, and Single Month/All Month Aggregation Allocations for the launch of Kansas City Hard Red Winter (KC HRW) Wheat Calendar Spread Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6961
      • Notice Date
      • 24 January 2014
      • Effective Date
      • 27 January 2014
    • In connection with the launch of Kansas City Hard Red Winter (KC HRW) Wheat Calendar Spread Option contracts on trade date Monday, January 27, 2014, please note below the corresponding single month/all month limits, and single month/all month aggregation allocations for the new contracts. Effective trade date January 27, 2014, and pending all relevant CFTC regulatory review periods, the terms and conditions for these contracts will be inserted in the CBOT Position Limit Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the CBOT Rulebook, as noted below.
      The commodity code is provided for the Clearing Members that file reports pursuant to CBOT Rule 561.A in a machine-readable format. 
       

      Contract Name
      Rule Chapter
      Commodity Code
      Single Month Aggregate Into Futures Equivalent Leg (1)
      Single Month Aggregate Into Ratio Leg (1)
      Single Month Limit (In Net Futures Equivalents) Leg (1) / Leg (2)
      All Month Limit Aggregate Into Futures Equivalent Leg (1)
      All Month Aggregate Into Ratio Leg (1)
      All Month Limit (In Net Futures Equivalents) Leg (1) / Leg (2)
      KC HRW Wheat Calendar Spread Options - Consecutive
      14M
      K7C
      KW
      1 K7C : 1 KW
      12,000
      KW
      1 K7C : 1 KW
      12,000
      KC HRW Wheat Calendar Spread Options - MAR-JUL
      14M
      KC3
      KW
      1 KC3 : 1 KW
      12,000
      KW
      1 KC3 : 1 KW
      12,000
      KC HRW Wheat Calendar Spread Options - JUL-DEC
      14M
      CKM
      KW
      1 CKM : 1 KW
      12,000
      KW
      1 CKM : 1 KW
      12,000
      KC HRW Wheat Calendar Spread Options - JUL-JUL
      14M
      CKN
      KW
      1 CKN : 1 KW
      12,000
      KW
      1 CKN : 1 KW
      12,000
      KC HRW Wheat Calendar Spread Options - DEC-JUL
      14M
      CK6
      KW
      1 CK6 : 1 KW
      12,000
      KW
      1 CK6 : 1 KW
      12,000
      KC HRW Wheat Calendar Spread Options - DEC-DEC
      14M
      KCZ
      KW
      1 KCZ : 1 KW
      12,000
      KW
      1 KCZ : 1 KW
      12,000

       
       
       
      Please refer questions on this subject to:
      Market Surveillance
      Erin Peddicord                          Erin.Peddicord@cmegroup.com                                    312.435.3628
      Sandra Valtierra             Sandra.Valtierra@cmegroup.com                       312.347.4137

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