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RESTRICTED CONTRACT MARKETS FOR CME RULE 552 (“DUAL TRADING RESTRICTIONS”)
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- To
- Members, Member Firms and Market Users
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- From
- Market Regulation
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- #
- SER-7236
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- Notice Date
- 12 November 2014
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- Effective Date
- 01 December 2014
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The Exchange has approved the following list of restricted markets for the implementation of CME Rule 552 (“Dual Trading Restrictions”).
Please note that effective December 1, 2014, the dual trading restriction will be added to the 3rd through 6th quarterly cycle Eurodollar options contract month positions.
Dual Trading Restrictions will continue to be applicable to the following contracts:
• 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 Through November 28, 2014, 1st and 2nd contract month position quarterly Eurodollar options.
o Effective on December 1, 2014, 1st through 6th contract month position quarterly Eurodollar options.
• EURODOLLAR MIDCURVE OPTIONS: Dual trading will be restricted in the following contract month positions, up to but not including the last five business days of the contract month:
o 1st, 2nd and 3rd contract month position quarterly cycle 1-Year Eurodollar MidCurve options;
o 1st contract month position serial 1-Year Eurodollar MidCurve options;
o 1st, 2nd and 3rd contract month position quarterly cycle 2-Year Eurodollar MidCurve options;
o 1st and 2nd contract month position serial 2-Year Eurodollar MidCurve options;
o 1st and 2nd contract month position quarterly 3-Year Eurodollar MidCurve options; and
o 1st and 2nd contract month position serial 3-Year Eurodollar 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 below 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 RESTRICTED CONTRACT MONTHS
CME Product
Contract Month
Restricted Dates
Date Lifted
Termination of Trading Date
ED Options
(Quarterlies)
Dec 2014
6/11/14
To
12/8/14
12/9/14
12/15/14
Mar 2015
9/10/14
To
3/9/15
3/10/15
3/16/15
Jun 2015
12/1/14
To
6/8/15
6/9/15
6/15/15
Sep 2015
12/1/14
To
9/4/15
9/8/15
9/14/15
Dec 2015
12/1/14
To
12/7/15
12/8/15
12/14/15
Mar 2016
12/1/14
To
3/7/16
3/8/16
3/14/16
Jun 2016
12/9/14
To
6/6/16
6/7/16
6/13/16
Sep 2016
3/10/15
To
9/12/16
9/13/16
9/19/16
Dec 2016
6/9/15
To
12/12/16
12/13/16
12/19/16
Mar 2017
9/8/15
To
3/6/17
3/7/17
3/13/17
1-Year ED
MidCurve Options
(Quarterlies)
Dec 2014
4/1/14
To
12/5/14
12/8/14
12/12/14
Mar 2015
6/10/14
To
3/6/15
3/9/15
3/13/15
Jun 2015
9/9/14
To
6/5/15
6/8/15
6/12/15
Sep 2015
12/8/14
To
9/3/15
9/4/15
9/11/15
1-Year ED
MidCurve Options
(Serials)
Jan 2015
11/17/14
To
1/9/15
1/12/15
1/16/15
Feb 2015
1/12/15
To
2/6/15
2/9/15
2/13/15
Apr 2015
2/9/15
To
4/3/15
4/6/15
4/10/15
2-Year ED
MidCurve Options
(Quarterlies)
Dec 2014
4/1/14
To
12/5/14
12/8/14
12/12/14
Mar 2015
6/10/14
To
3/6/15
3/9/15
3/13/15
Jun 2015
9/9/14
To
6/5/15
6/8/15
6/12/15
Sep 2015
12/8/14
To
9/3/15
9/4/15
9/11/15
2-Year ED
MidCurve Options
(Serials)
Jan 2015
10/6/14
To
1/9/15
1/12/15
1/16/15
Feb 2015
11/10/14
To
2/6/15
2/9/15
2/13/15
Apr 2015
1/12/15
To
4/3/15
4/6/15
4/10/15
3-Year ED
MidCurve Options
(Quarterlies)
Dec 2014
6/10/14
To
12/5/14
12/8/14
12/12/14
Mar 2015
9/9/14
To
3/6/15
3/9/15
3/13/15
Jun 2015
12/8/14
To
6/5/15
6/8/15
6/12/15
Sep 2015
3/9/15
To
9/3/15
9/4/15
9/11/15
3-Year ED
MidCurve Options
(Serials)
Jan 2015
10/6/14
To
1/9/15
1/12/15
1/16/15
Feb 2015
11/10/14
To
2/6/15
2/9/15
2/13/15
Apr 2015
1/12/15
To
4/3/15
4/6/15
4/10/15
SP Options
(Serials)
Nov 2014
10/14/14
To
11/14/14
11/17/14
11/21/14
Jan 2015
11/17/14
To
1/9/15
1/12/15
1/16/15
Feb 2015
1/12/15
To
2/12/15
2/13/15
2/20/15
Apr 2015
2/13/15
To
4/10/15
4/13/15
4/17/15
If you have any questions regarding the dual trading restrictions, please contact Shantell Stanberry, Data Investigator, Market Regulation, at 312.435.3642.
For media inquiries concerning this Special Executive Report, please contact CME Group Corporate Communications at 312.930.3434 or news@cmegroup.com.
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