These new mini-sized contracts will trade exclusively on the CBOT®'s electronic trading system and offer investors the opportunity to trade some of the world's most popular contracts with less exposure and lower margin requirements.
CBOT® Chairman Nickolas J. Neubauer said, "The launch of the mini-sized products reinforces the Chicago Board of Trade's goal to be a product-driven organization. We will continue to align the CBOT®'s infrastructure and capability to grow existing products and develop new products that provide an economic benefit to the customer."
On September 30, trading in the CBOT® mini-sized 30-year U.S. Treasury Bond futures and mini-sized U.S. 10-year Treasury Note futures will begin at 8:00 p.m., trading in the CBOT® mini-sized New York Silver and New York Gold futures will begin at 8:15 p.m. These four CBOT® mini-sized contracts were previously traded on the MidAmerica Commodity Exchange. Effective Friday, September 28, at 12:00 noon Chicago time, these contracts will no longer trade on the MidAm floor and their open interest will be transferred to the new CBOT® mini-sized products.
Trading in the new mini-sized DowSM will begin on Sunday, September 30, at 8:15 p.m. In addition, the CBOT®'s mini-sized DowSM futures will be fungible with the standard DJIASM futures contract.
The following are hours of operation for all CBOT® markets:
Electronic
- Financial products, 8:00 p.m. to 4:00 p.m.
- Stock index, 8:15 p.m. to 4:00 p.m.
- mini-sized N.Y. metals products, 8:15 p.m. to 1:45 p.m.
- Silver futures and options, 7:25 a.m. to 1:25 p.m.
- Kilo Gold futures, 7:20 a.m. to 1:40 p.m.
- Agricultural products, 8:30 p.m. to 6:00 a.m.
- Financial products, 7:20 a.m. to 2:00 p.m.
- Stock index, 7:20 a.m. to 3:15 p.m.
- Agricultural products, 9:30 a.m. to 1:15 p.m.
For more information on CBOT®'s mini-complex, including contract specifications, margins, spread credits and product notices, log on to www.cbot.com/mini.
