CME Extends Trading Hours on GLOBEX(R)
Changes Reflect Growth of International Electronic Trading
CHICAGO, May 6 /PRNewswire-FirstCall/ -- Chicago Mercantile Exchange Inc.
(CME) today announced that it is further extending the operating hours of
GLOBEX(R), CME's electronic trading platform, in response to the growth in
electronic trading volume and international participation in its markets.
-- Effective May 30, 2004, CME will eliminate the GLOBEX trading break
that occurs between 10:30 a.m. Central Daylight Time (15:30 Greenwich
Mean Time) and 5:30 p.m. CDT (22:30 GMT) on many of the observed U.S.
holidays. The exceptions to this new procedure will be Christmas, New
Year's Day and Good Friday, where current trading schedules will be
maintained.
-- Also, effective May 30, 2004, the Sunday opening time for GLOBEX will
be adjusted from 5:30 p.m. CDT (22:30 GMT) to 5:00 p.m. CDT (22:00
GMT) for operational consistency with the market opening Monday
through Thursday. Please note that the Sunday pre-opening session
will begin at 4:15 p.m. CDT (21:15 GMT).
-- Additionally, effective May 9, 2004, the trading dates for Interest
Rate (IR) and Foreign Exchange (FX) options will be adjusted to
coincide with the futures trade date. The options schedule will
change to begin a new trade date at 5:00 p.m. CDT (22:00 GMT) as it
is for futures, to facilitate hedge transactions in futures and
options within the same clearing cycle.
SOURCE Chicago Mercantile Exchange Inc.
Web Site: cme.com |
