CBOT President and CEO Bernard Dan said, "The EMM program addresses the trading needs of our customers worldwide, allowing users, particularly in Europe and Asia, to conveniently execute transactions in the CBOT?s financial markets, the most transparent and open in the world. The ten market makers currently participating in the program will enable customers to execute option transactions in liquid markets during these hours. In addition, transactions will be executed through our premier electronic trading platform, which provides our customers with superior speed, flexibility and functionality."
Under the new EMM program, market makers provide continuous two-sided quotes and respond to requests-for-quote (RFQs) for options. The program applies to U.S. Treasury Bond futures options, 10-Year U.S. Treasury Note futures options, Five-Year U.S. Treasury Note futures options, Two-Year U.S. Treasury Note futures options, and 30-Day Fed Fund futures options.
The EMM program is effective during extended market hours, from 2:00 p.m. to 7:00 a.m. Central Time, Monday to Friday, and from 7:00 p.m. to 7:00 a.m. Central Time, Sunday to Monday.
Current participants in the EMM program are: Capstone Fixed Income, LLC; Chicago Trading Company; Curvalue France SAS; DRW Investments, LLC; Infinium Capital Management LLC; Knight Financial Products; Mako Fixed Income Partnership LLP; MJY, LLC; Nico Trading, Inc.; and Ronin Capital, LLC.
For more information on the CBOT, visit www.cbot.com.
