CME: Auctions On CPI To Be Launched Wed June 14

The next CME Economic Derivatives product, trading via CME Auction Markets, will launch this Wednesday, June 14, 2006. (Apologies for the very short notice.) The underlying statistic for these auctions is the Consumer Price Index -- All Urban Consumers -- All items less food and energy. This is the "Core CPI" number as published monthly by the Bureau of Labor Statistics of the Department of Labor.

The ticker symbol for the CPI as a CME Economic Derivatives product is CP1 -- that's the digit 1.

Note that these are separate and distinct from the CME's normal futures on the Consumer Price Index, which trade on CME Globex and have ticker symbol CPI.

The first auction will be held from 6:00 a.m. to 7:00 a.m. Chicago time this Wednesday, June 14, 2006 with the underlying statistic value scheduled to be released at approximately 7:30 a.m. Chicago time on that date.

The second auction will be held from 6:00 a.m. to 7:00 a.m. Chicago time on Wednesday, July 19,2006 again with the underlying statistic scheduled to be released at approximately 7:30 a.m. on that date.

For the full text of this advisory, click here