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From: <support@xxxxxxxxxx>
To: <tonyvar@xxxxxxxxxxxxxxxx>
Subject: ROLLOVER
Date: Wed, 8 Sep 1999 08:50:22 -0500
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IMPORTANT NOTICE
September 8, 1999
Re: S & P ROLLOVER
________________________________________________________________
For those of you trading S&P 500 futures, E-Mini futures, or any Stock
Index contract, it is extremely important to remember that Thursday,
September 9, is rollover day. It is recommended that all new positions be
placed in the DECEMBER 1999 contract as of Thursday’s trade date (which
begins Wednesday at 3:30 PM).
Further, please be aware that the executing brokers in the SEPTEMBER
contract of the S&P 500 will not be "held" on ANY order, and that they
will not take Cancel and Replace orders at all beginning September 9.
Also, because of liquidity issues in the 2nd step E-Minis, we will only
accept Limit orders for the September contract beginning Wednesday
afternoon. Stops and Market orders will then be accepted in the December
contract.
NOTE: E-MINI rollover actually occurs at 8:30 a.m., Thursday, but orders
placed this afternoon and this evening after 3:45 p.m. will work through
tomorrow’s close. Please consider carefully how you place orders in this
contract.
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