Important Notice Re: Launch Of CBOT 30-Day Federal Funds Options On Futures

CBOT® 30-Day Federal Funds Options will launch at 10:00 a.m. (Chicago time) on Friday, March 14, with 12½ basis point strike price intervals rather than 6 ¼ basis point strike price intervals. Initially, an at-the-money strike and the next 5 consecutive higher and lower strikes will be listed in integral multiples of 12 ½ basis points.

This change is due to technical programming issues on the part of back-office system vendors. The CBOT is working with back-office system vendors to determine a date at which to list 30-Day Federal Funds Options with 6¼ basis point strike price intervals. The CBOT will issue a further notice prior to the listing of strike prices in 6 ¼ basis point intervals.