• Revised Effective Date for the Implementation of Block Trades in New U.S. Dollar/South African Rand (USD/ZAR) Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6840
      • Notice Date
      • 16 September 2013
      • Effective Date
      • 23 September 2013
    • The Chicago Mercantile Exchange Inc. (CME or Exchange) will launch a new U.S. Dollar/South African Rand (USD/ZAR) futures contract on CME Globex® effective trade date Monday, September 23, 2013.
       
      Although CME has designated the new USD/ZAR futures contract as block-eligible, the Exchange has postponed block-eligibility in this product for technical reasons until trade date Tuesday, October 1, 2013. Effective October 1, market participants will be able to execute block transactions in this new product in minimum block thresholds of 50 futures contracts via CME ClearPort®.
       
      CME and The Board of Trade of the City of Chicago, Inc. (CBOT) will issue a revised CME & CBOT Market Regulation Advisory Notice (RA1311-3) concerning Rule 526 on block trades to reflect the block-eligibility status of the new USD/ZAR futures contract on Tuesday, September 17, 2013.
       
      USD/ZAR futures is listed by and subject to the rules of CME.
       
      For more information on USD/ZAR futures, please visit: www.cmegroup.com/zar.
       
      Please direct questions regarding this notice to:
       
      Europe
      Will Patrick                                +44 20 3379 3721                      Will.Patrick@cmegroup.com
      Malcolm Baker                          +44 20 3379 3863                      Malcolm.Baker@cmegroup.com
      Sandra Ro                                 +44 20 3379 3789                      Sandra.Ro@cmegroup.com
                                                     
      U.S.
      Craig LeVeille                            +1 312 454 5301                        Craig.LeVeille@cmegroup.com
      Simon Burnham                         +1 312 930 3426                        Simon.Burnham@cmegroup.com
      Kevin McMillin                            +1 312 930 8264                         Kevin.McMillin@cmegroup.com
      Daniel Grombacher                   +1 312 634 1583                        Daniel.Grombacher@cmegroup.com
       

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