CME Group announces a modification to the close of trading time for CME USD Denominated Ibovespa futures on the last day of trading from 5:30 p.m. Sao Paulo time to 5:00 p.m. Sao Paulo time. This change will impact the August 2013 USD Denominated Ibovespa futures on its last day of trading as well as all forthcoming USD Denominated Ibovepsa futures contracts. The last day of trading for the August 2013 USD Denominated Ibovespa futures contract is Wednesday, August, 14, 2013.
On July 8, 2013, BM&FBovespa (“BVMF”) modified the time that daily cash equity market trading concludes in Brazil from 5:30 p.m. Sao Paulo time to 5:00 p.m. Sao Paulo time, i.e. the trading cash equity market trading day has been shortened by 30 minutes.
Hence on the last day of trading, the close of trading time for CME USD Denominated Ibovespa futures will be 5:00 p.m. Sao Paulo time, and the 3-hour time period associated with the calculation of the final settlement price for Ibovespa futures at BVMF will now be 2:00 p.m. to 5:00 p.m. Sao Paulo time.
These contracts are listed by and subject to the rules of CME.
Please contact Mr. John Nyhoff, Research & Product Development at 312-930-2310; or
Ms. Lucy Wang, Director, Financial Research & Product Development at (312)648-5478
if you have any inquiries regarding this matter.