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Ron,
No I don't think so, this is merely a new policy that occurs at month end
for settlement reasons (not sure why?) not a movement to the new contract.
So if you are long/short an S&P or ES and do not want to carry overnight,
exit before 3:05 CST (4:05 EST) on February 28 (or any other last trading
day in months going forward.
On a different note he June bond contact goes top shelf as I understand it,
starting tomorrow.
don ewers
----- Original Message -----
From: "Ron Cernokus" <roncer@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, February 27, 2001 4:38 PM
Subject: Re: [RT] CME Policy
>
> Don,
>
> So we will be going to the June S&P contract on Weds? Correct? Iam so
> often surprized so just want to be sure.
>
> Many Thanks,
> Ron
>
>
> Don Ewers wrote:
> >
> > This from another list:
> > don ewers
> >
> > >>>>>>>>>>>>>>>>>>>
> >
> > Keep this in mind: The Chicago Mercantile Exchange will close pit
trading
> > in domestic stock index futures 10 minutes early on Wednesday, Feb. 28,
and
> > will settle the contracts to "fair value."
> >
> > This is the new month-end "fair value" closing method.
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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