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[RT] FUTR: Tick Size in Nasdaq 100 Futures to Increase



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>From the CME:

June 13, 2000 — The tick size for Nasdaq 100 Index futures traded on the 
Chicago Mercantile Exchange (CME) will be increased to 0.50 index points from 
its current level of 0.05 index points beginning with the after-hours 
GLOBEX®2 electronic trading session on Sunday, June 18, the CME announced.  
The change will make the Nasdaq 100 tick size the same as that of the E-mini 
Nasdaq 100. 
The increased tick size, intended to more closely reflect the prevailing 
volatility and bid/offer spreads, represents an underlying price movement of 
$50 instead of the current $5. The calendar spread will continue to trade in 
the current 0.05 index points ($5) in order to facilitate precise rollover 
transactions from an expiring contract into a deferred contract. 

Nasdaq 100 Index options also will remain unchanged at 0.05 or $5 per tick. 

Nasdaq 100 futures trade on the CME from 8:30 a.m. to 3:15 p.m. (Chicago 
time) and overnight on GLOBEX2 from 3:45 p.m. (5:30 p.m. on Sundays) to 8:15 
a.m. the following day.   E-mini Nasdaq 100 futures trade exclusively on 
GLOBEX2 from 3:45 p.m. to 3:15 p.m. 

Nasdaq 100 and other trade names, service marks and trademarks that are not 
proprietary to the Chicago Mercantile Exchange are the property of their 
respective owners, and are used herein under license. 
 

Regards,

John J. Lothian

Disclosure: Futures trading involves financial risk, lots of it!