CME: Rollover Dates For Equity Index Products

The following provides some important information about the Rollover dates for the suite of Equity Index Products listed and traded at CME Group exchanges.


• The Rollover date is generally defined as eight calendar days before a contract expires for most our equity index futures. This date differs slightly for Nikkei 225 contracts, as the rollover date has historically been the Monday before expiration.

• From the Rollover date on, it is customary to identify the second nearest expiration month as the “lead month” for the index futures, as the nearest expiring contract will terminate soon and will have a less liquid market than the new “lead month” contract.

• For certain contracts traded in open outcry and then traded electronically on CME Globex during the overnight (ETH) sessions, the rollover date will dictate which contract is listed for trading on Globex.

Note: The following contracts have only one contract listed at a time for trading during the overnight CME Globex session (these contracts are not available on CME Globex during the RTH session):

ƒ S&P 500
ƒ NASDAQ-100
ƒ S&P MidCap 400
ƒ S&P SmallCap 600 futures.

Therefore, the rollover date will determine what contract month is listed for trading during the CME Globex session.

For example, if the rollover date is Thursday, June 9, 2011, for the S&P 500 futures contract, the CME Globex session beginning that evening (at 3:30 p.m. Chicago time /CT) will list the Sep 2011 contract for trading and the Jun 2011 contract would no longer be available to trade on CME Globex.

On the trading floor, the Sep 2011 contract will become the lead month beginning at 8:30 a.m. on Thursday, June 9, 2011.

Upcoming Rollover Dates, Quarterly Equity Index Futures Contracts

June 2011 Rollover Dates

• Nikkei 225 futures: Rollover Monday, June 6, 2011 - Expire Friday, June 10, 2011

• All other equity index futures contracts: Rollover Thursday, June 9, 2011 - Expire Friday, June 17, 2011

• Reminder: As previously announced in CME Group Special Executive Report S-5662 from March 16, 2011, CME will delist the E-mini MSCI Emerging Markets futures and E-mini MSCI EAFE Index futures on June 19, 2011, for trade date Monday, June 20, 2011. For more information, please visit www.cmegroup.com/equities.

Sept. 2011 Rollover Dates

• Nikkei 225 futures: Rollover Tuesday, September  6, 2011 Expire Friday, September 9, 2011

• All other equity index futures contracts: Rollover Thursday, September 8, 2011 Expire Friday, September 16, 2011

Questions?
Phone     1-800-331-3332
Email       equities@cmegroup.com

Crude Oil Trading Higher, Is $70 Our Near Term High

Crude oil was higher overnight as it consolidates around the 25% retracement level of the 2008-2009 decline crossing at 68.49. Stochastics and the RSI are turning bearish hinting that a short term top might be in or is near.

As of 8:51 a.m. eastern standard time Globex traders were trading crude oil at 69.34, very close today's first resistance.

Closes below the 20 day moving average crossing at 63.71 are needed to confirm that a short term top has been posted.

If July extends this spring's rally, the 38% retracement of the 2008-2009 decline crossing at 82.38 is the next upside target.

Tuesday's pivot point, our line in the sand is 67.94

First resistance is last Friday's high crossing at 70.32
Second resistance is the 38% retracement level crossing at 82.38

First support is the 10 day moving average crossing at 67.23
Second support is the 20 day moving average crossing at 63.71

4:30 AM ET. June 5 API Oil Industry Report

....Crude Stocks (Net Change) (previous -828K)

....Gasoline Stocks (Net Change) (previous +99K)

....Distillate Stocks (Net Change) (previous +3.44M)

....Refinery Runs (previous 82.9%)

Trade Crude in 90 Seconds Click Here

NYMEX Trading and Processing Schedule

Monday February 16, 2008 (President's Day)

* NYMEX and COMEX trading floors will be closed.
* The DME intraday settlement price (OSP) to be published at the normal
time of 3:30 AM for February 16 calendar date. No post-close
settlement to be published.
* NYMEX and COMEX products on CME Globex and NYMEX ClearPort (including
DME Direct) will open for trading/trade submission for the February 19
trade date until the trading halt at 5:15 PM.
* Day/session orders entered on CME Globex or DME Direct will be for the
February 17 trade date and will continue until Tuesday's close at
5:15 PM.
* NYMEX trading at settlement (TAS) products on CME Globex will be
available for trading for the February 17 trade date.
* NYMEX TMS will be available for trade management for February 19 trade
date.
* NYMEX cleared trades API will be available.
* Markets will not be settled and settlements will not be published, as
February 16 is not a trade or processing date.
* NYMEX intraday files will not be produced, no clearing will occur, and
no clearing functionality will be available.
* Daily SPAN and erosion files will not be produced (an additional
erosion file will be produced on February 17).
* Options cannot be exercised.
* There will not be any allocation of energy and metal deliveries or
delivery notices, and related forms will not be accepted.
* The first normal intraday file generated on calendar date February 17
will contain trades from calendar date February 16.
* NYMEX and COMEX products on CME Globex and NYMEX ClearPort (including
DME Direct) all reopen for trading/trade submission at 6:00 PM
(February 19 Trade Date).


Tuesday February 17, 2008

* Normal schedule resumes.
* Banking for February 15th clearing cycle will occur.
* Large trader reporting for NYMEX and COMEX for February 15th trade date
for any clearing members not holding DME positions are due by 8:00 AM.
* "Double Erosion" will occur to account for the February 18 Peak Day.
Two erosion files will be produced.