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Earlier today, CME announced that it would extend by one half-hour the floor trading hours for interest rates and FX because the U.S. Labor Department/Bureau of Labor Statistics had originally planned to move up the release of the PPI data to 2:00 p.m. Central time Thursday from its usual Friday morning release time due to the closure of federal offices in observance of the National Day of Mourning for former President Ronald Reagan.
On Wednesday, however, the Bureau of Labor Statistics informed the Exchange that it is postponing the release of PPI data indefinitely, eliminating the need for the extended trading session. As previously reported, CME’s trading floors will be closed on Friday, June 11 for the National Day of Mourning, while GLOBEX markets will close for trading at 8 a.m.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.5 billion per day in settlement payments in the first quarter of 2004 and managed $38.1 billion in collateral deposits at March 31, 2004. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
Chicago Mercantile Exchange, CME, the globe logo and GLOBEX are registered trademarks of Chicago Mercantile Exchange Inc. Further information about CME and its products is available on the CME Web site at www.cme.com.
