• Position Limit Changes to Standard Sized and E-micro Sized U.S. Dollar/Offshore Chinese Renminbi (USD/CNH) Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6923
      • Notice Date
      • 04 December 2013
      • Effective Date
      • 08 December 2013
    • The Chicago Mercantile Exchange Inc. (CME or Exchange) is amending the position limits of Standard Sized and E-micro Sized U.S. Dollar/Offshore Chinese Renminbi (USD/CNH) futures as follows:
       
      1.    For Standard Sized USD/CNH futures, CME will increase the spot month position limit from 500 contracts to 5,000 contracts and the all months position limit from 1,000 contracts to 10,000 contracts.
       
      2.    As a result of the increase in the spot month position limit from 500 contracts to 5,000 contracts and the all months position limit from 1,000 contracts to 10,000 contracts for the Standard Sized USD/CNH futures, the spot month position limit and all months position limit for the E-micro Sized USD/CNH futures will increase to 50,000 E-micro contracts (or 5,000 Standard Sized equivalent contracts) and 100,000 E-micro contracts (or 10,000 Standard Sized equivalent contracts), respectively. Please note that the E-micro Sized USD/CNH futures contract continues to aggregate in a ten-to-one ratio the spot month and all months position limits of the E-micro Sized USD/CNH futures with the spot month and all months position limits of the Standard Sized USD/CNH futures such that 10 E-micro Sized USD/CNH contracts equal one Standard Sized USD/CNH contract.
       
      These modifications will become effective on Sunday, December 8, 2013 (trade date Monday, December 9, 2013), pending the expiration of the applicable regulatory review period. CME will apply these amendments to all existing and newly listed futures expiries as of the effective date.
                 
      Standard Sized and E-micro Sized USD/CNH futures are listed by and subject to the rules of CME.
       
      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
      Lori Aldinger                            +1 312 930 2337                     Lori.Aldinger@cmegroup.com

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