CME Group to Expand CBOT Grain and Oilseed Open Outcry Trading Hours to 2 p.m. CT
CHICAGO, June 8, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced it will extend open outcry trading hours for CBOT Grain and Oilseed futures and options to 2 p.m. CT, Monday to Friday. Daily settlements will move from 1:15 p.m. CT and will be based on market activity at or around 2 p.m. CT each day for the Grain and Oilseed futures and options as well as for Ethanol futures and options. The new open outcry trading hours will be effective beginning June 25, 2012, pending CFTC review.
Products included in the expanded hours are CBOT Corn, Mini-Sized Corn, Soybeans, Mini-Sized Soybeans, Wheat, Mini-Sized Wheat, Soybean Meal, Soybean Oil, Rough Rice and Oats futures and options, plus all related calendar spread options and inter-commodity spread options.
This follows other recent changes to CBOT trading hours.
Starting May 21, 2012, electronic trading hours for CBOT Grain, Oilseed and Ethanol futures and options were extended to Sunday to Friday, 5:00 pm to 2:00 p.m. CT. CME Group has also taken steps to extend morning open outcry hours on major USDA report days, and, pending CFTC review, open outcry trading for CBOT Grain and Oilseed futures and options will begin at 7:20 a.m. CT starting with the June 12 USDA reports.
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, its CME Direct™ online trading technology offering side-by-side trading of exchange-listed and OTC derivatives 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 for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
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SOURCE CME Group