VOLUME - BULLETIN #060
TO:
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ALL CLEARING MEMBERS
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FROM:
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BUSINESS SYSTEMS GROUP
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DATE:
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March 22, 2002
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SUBJECT:
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CBOT mini-sized DowSM Futures $5 Multiplier Specifications
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The CBOT Dow Futures $5 Multiplier contract is scheduled to begin trading on April 4, 2002 for business day April 5, 2002. The CBOT mini-sized Dow Futures $5 Multiplier contract will trade exclusively on the a/c/eSM platform.
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CBOT mini-sized Dow Futures $5 Multiplier
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Exchange Code:
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01
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Commodity Code:
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YM
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Trading Unit
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$5 times the Dow Jones Industrial AverageSM Index
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Price Quotation:
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Points ($5)
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Clearing Price Format:
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Actual: 536.70
7 Digit: 0053670
5 Digit: 53670
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Tick Size:
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1 point = .01 ($5 per contract)
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Daily Price Limit:
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Successive 10%, 20%, and 30% limits.
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Contract Months:
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March, June, September, December (first four months listed at all times).
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Last Trading Day
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The trading day preceding the final settlement day.
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Final Settlement Day
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The third Friday of the contract month.
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Settlement
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Cash settlement on the final settlement day. The final settlement price is $5 times a Special Opening quotation of the index.
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Trading Hours:
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8:15 p.m. – 4: 00 p.m. Chicago time
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Ticker Symbol:
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YM
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Fungibility
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Positions may be offset in the mini-sized Dow Futures $5 Multiplier with the full sized Dow Industrial Average futures contract and the mini-sized Dow Futures $2 Multiplier as follows:
2 mini-sized Dow $5 Multiplier to 1 Dow Industrial Average
5 mini-sized Dow $2 Multiplier to 1 Dow Industrial Average
2 mini-sized Dow $5 Multiplier to 5 mini-sized Dow $2 Multiplier
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"Dow JonesSM", “The DowSM” and "Dow Jones Industrial AverageSM" are service marks of Dow Jones & Company, Inc, and have been licensed for use for certain purposes by the Board of Trade of the City of Chicago, Inc. ("CBOT®"). The CBOT futures and futures options contracts based on the Dow Jones Industrial AverageSM are not sponsored, endorsed, sold, or promoted by Dow Jones, or any of their respective subsidiaries or affiliates, and none of Dow JonesSM, and Dow JonesSM makes no representation regarding the advisability of investing in such products.
Should you have any questions, please call or e-mail one of the following Business Systems Analysts:
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