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Media Alert: CME Group to Close Interest Rate Complex in Coordination with SIFMA

Oct 29, 2012

CHICAGO, Oct. 29, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, issued the following notice today.

CME Group will close its Interest Rate complex, including Treasury, Eurodollar and Fed Funds futures and options on futures markets on the trading floor and on CME Globex at 11:00 a.m. CT today in line with SIFMA's decision to close the cash market. 

For credit default swaps (CDS), CME Group will accept deals up until regular deal acceptance time of 6:00 p.m. CT, with settlement curves calculated at 11:00 a.m. CT.  For interest rate swaps (IRS), CME Group will accept deals up until regular deal acceptance time of 6:00 p.m. CT. Non-dollar settlement curves will be derived at their normal times.  The U.S. curve will be derived at 11:00 a.m. CT, consistent with fixed income market closing times in the U.S.

Additionally, equity index futures and options on futures markets on the trading floor and CME Globex closed at 8:15 a.m. CT today.

We will continue to monitor the situation as well as continue our coordination with other exchanges and will keep you updated as information becomes available.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.         

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

CME-G

 

SOURCE CME Group


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  • CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, COMEX and KCBT.