Tuesday, July 07, 2009

CME Futures news


Its been a long time now since the CME bought out CBOT, but now the CBOT is officially going to be decommissioned sometime during the middle of this month.

The CME is also increasing the TICK increment on Bond futures to help improve liquidity. I'm wondering how brokers will adjust margin requirements on bond futures after this change in TICK increment.
CME Group, the world's largest and most diverse derivatives exchange, today announced plans to increase the minimum trading increment for U.S. Treasury Bond futures to 1/32nd from the current setting of 1/2 of 1/32nd, effective August 30. The change will be applied to all expiration months. The minimum trading increments for futures intermonth and intercommodity spreads as well as options will be unchanged. This contract is listed with, and subject to, the rules and regulations of CBOT.
The CME is also making changes to the S&P Financial SPCTR Index and the S&P Technology SPCTR Index futures contracts.
CME Group, the world's largest and most diverse derivatives exchange, announced today that the multiplier for the S&P Financial SPCTR Index and the S&P Technology SPCTR Index futures contracts will each double to $250 times the index price beginning Monday, July 27. Along with the increase in the contract multiplier, the new minimum tick size will also double to $25.00 per contract. These contracts are listed with, and subject to, the rules and regulations of CME.

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