Participants in the Sessions should remember that the trade price is limited to the last price announced by the caller after the close for those contracts that traded on the close and the price which is one minimum price fluctuation above and one minimum price fluctuation below the last price announced by the caller. All such prices must be within the closing range of the contract. In addition, cross and spread trades are prohibited during the Sessions with the exception that option spreads that trade on the close may trade during the Session provided that all of the legs of the spread involve the same delivery month.
It should be noted that the post close trading sessions in the coffee and sugar contracts are still not being conducted.
The amendments to Rule 3.04B which reflect the change in cocoa start and end times are as follows:
(In the text of the amendments below, additions are underlined and deletions are bracketed and lined out.)
RULE 3.04B. Post Close Trading Session
Fifteen minutes following the close or closing period for each futures or options contract other than cocoa, and three minutes following the close or closing period for each futures or options contract in cocoa, the Exchange shall conduct a post close trading sessions for a period of two minutes in the case of cocoa and three minutes in the case of all other commodities.
[REMAINDER OF RULE UNCHANGED]
