CME
Span User Updates - 1996


#96-23: 12/31/96: CME lists Boneless Beef futures and options

CME expects to begin listing shortly futures and options on Boneless Beef, and Boneless Beef Trimmings. PC-SPAN parameters are identical for these two new commodities except for the commodity code and commodity name. They are:

Exchange CME
Commodity BB
Commodity Name BONELESS BEEF
Commodity TR
Commodity Name BEEF TRIMMINGS
Decimal Locator for Strikes 1
Decimal Locator for Settles 2
Alignment Code for Options blank
Cabinet Option Value 2.50


#96-22: 12/27/96: CME lists Dow-Jones Taiwan Stock Index futures and options

CME will begin trading (on GLOBEX ® only) futures and options on the Dow-Jones Taiwan Stock Index on January 8, 1997. PC-SPAN's Commodity Master parameters are:

Exchange CME
Commodity TA
Commodity Name DJ TAIWAN INDEX
Decimal Locator for Strikes 1
Decimal Locator for Settles 2
Alignment Code for Futures blank
Alignment Code for Options blank
Contract Value Multiplier 250
Cabinet Option Value 2.50


#96-21: 12/27/96: SIMEX shifts Eurodollar price format

SIMEX shifted its Eurodollar futures and options price formats on January 2, as part of the implementation of half-tick trading in the lead futures month. The PC-SPAN decimal locator for exchange SMX commodity ED changed from 2 to 4, and the cabinet option value changed from 1 to 3. Other parameters are unchanged. PC-SPAN Commodity Master parameters are as follows:

Exchange SMX
Commodity ED
Decimal Locator for Strikes 2
Decimal Locator for Settles 4
Alignment Code for Futures blank
Alignment Code for Options blank
Contract Value Multiplier 2500
Cabinet Option Value 3.00

In addition, the cabinet option value should be changed from 100 to 300 for SIMEX's yen-denominated commodities: JB, EY, NK and N3.