CME Group, the world's largest and most diverse derivatives exchange, announced today that options on feeder cattle futures will be listed on CME Globex(R) beginning Monday, November 24, 2008.
The electronically traded feeder cattle options will be offered virtually 23 hours a day each weekday, including side-by-side with the floor traded product that will continue to trade from 9:05 a.m. to 1:02 p.m. Chicago time. Electronic trading begins on Mondays at 9:05 a.m. and remains open through Fridays at 1:55 p.m. with daily hour-long trading halts from 4:00 p.m. to 5:00 p.m.
The electronically traded feeder cattle options have the exact same contract specifications and are fungible with the floor-traded contracts.