• Delisting of Certain Contract Months in CBOT Equity Index Futures and Options

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7296
      • Notice Date
      • 04 February 2015
      • Effective Date
      • 05 February 2015
    • Effective immediately, the Board of Trade of the City of Chicago, Inc. (CBOT or Exchange) has delisted from trading certain previously listed contract months in the futures and option products listed in the left-hand column of Exhibit 1.  In consequence of this action, trading in these products will cease upon termination of trading in futures for June 2015 delivery. There is no open interest in any futures contract month or option contract month subject to this action.

       

      Exhibit 1 – CBOT Equity Index Products Subject to Certain Contract Month Delisting

       

      Contract Name /

      CBOT Rulebook

      Chapter

      CBOT

      Commodity

      Codes

      Previous Listing Schedule

      Amended Listing

      Schedule

       

      Futures Delivery or

      Option Expiry Months Delisted

      Dow Jones

      Industrial Average

      Index Futures

      ($10 Multiplier) /

      Chapter 26

       

      Open Outcry:  DJ

      Globex:  ZD

      Clearing:  11

      Mar 2015

      Jun 2015

      Sep 2015

      Dec 2015

       

      Mar 2015

      Jun 2015*

      Sep 2015

      Dec 2015

      Quarterly and Serial Options on Dow Jones

      Industrial Average

      Index Futures

      ($10 Multiplier) /

      Chapter 26A

       

      Open Outcry Calls:  DJC

      Open Outcry Puts:  DJP

      Globex:  OZD

      Clearing:  11

      Feb 2015

      Mar 2015

      Apr 2015

      Jun 2015

      Sep 2015

      Dec 2015

       

      Feb 2015

      Mar 2015

      Apr 2015

      Jun 2015*

       

       

      Sep 2015

      Dec 2015

       

      * June 2015 shall be the final futures delivery month or option expiration month to be listed for trading.

       

       

      Futures for delivery in March 2015 or in June 2015, and options exercisable into such futures, shall remain listed for trading until termination of trading and expiry, as currently scheduled, in accordance with the respective contract terms and conditions and all applicable Exchange rules.

       

      The Exchange shall continue to list new option series in accordance with the current listing cycle only for options exercisable into March 2015 futures or June 2015 futures.  The Exchange shall make no new listing of any option product shown in the table immediately below, where the resultant option contract would be exercisable into a futures contract for delivery in September 2015 or thereafter.

       

       

      Dow Jones Industrial Average Index

      Futures ($10 Multiplier) Options                       Clearing Code

      End-of-Month Options                                       EZD

      Weekly Options, Week 1                                    ZD1

      Weekly Options, Week 2                                    ZD2

      Weekly Options, Week 4                                    ZD4

       

       

      Accordingly, per the Exchange’s current listing cycle, the final expiration date for End-of-Month options would be Friday, 29 May 2015, the final expiration date for Weekly options would be Friday, 12 June 2015, and the final expiration date for Quarterly and Serial options would be Friday, 19 June 2015.

       

      Futures for delivery in March 2015 or in June 2015 and options exercisable into such futures will remain available for trading in open outcry and on the CME Globex electronic trading platform.  Parties to privately negotiated block trades in such contracts will remain able to notify the Exchange of such block trades through CME ClearPort.  Such contracts also will remain eligible for use in privately negotiated exchange-for-related-position transactions, subject to all applicable Exchange rules.

       

       

      For further information, please contact:

       

      Thomas Boggs             thomas.boggs@cmegroup.com             312 930 3038

      Richard Co                    richard.co@cmegroup.com                    312 930 3227

      Tim McCourt                 tim.mccourt@cmegroup.com                 212 299 2415

      Frederick Sturm             frederick.sturm@cmegroup.com                        312 930 1282