Hello Traders,<\/p>\n
Please remember tomorrow is roll-over day for Stock Index Futures. \u00a0 Please read below for details.<\/p>\n
Important notice<\/span>:<\/strong><\/p>\n <\/p>\n For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, as well as any of the \u201cBig\u201d pit-traded stock index futures, it is extremely important to remember that tomorrow, Thursday, June 13th, is rollover day.<\/p>\n <\/p>\n Starting tomorrow, Thursday June 13th, the September \u201813 futures contracts will be the front month contracts.\u00a0 It is recommended that all new positions be placed in the September \u201813 contracts as of tomorrow. \u00a0Volume in the June \u201813 contracts will begin to drop off until their expiration next Friday, June 21st.<\/p>\n <\/p>\n Please consider carefully how you place orders in the E-mini S&P, E-mini Nasdaq, Mini $5 Dow Jones and E-mini Russell 2000 contracts.\u00a0 While the E-mini rollover occurs tomorrow at 8:30\u00a0A.M. Central Time, orders placed this afternoon and evening after the 5:00\u00a0P.M. Central Time\u00a0opening (before rollover) will work through tomorrow\u2019s 4:15 Central Time close (after rollover).<\/p>\n <\/p>\n The month code for September is \u2018U.\u2019<\/p>\n <\/p>\n Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.<\/p>\n <\/p>\n An additional note regarding the <\/span>\u201cBig\u201d pit-traded stock index futures<\/span>:<\/strong><\/p>\n <\/p>\n Please be aware of liquidity issues in the June \u201813 pit-traded contracts. \u00a0Expect sharply decreased liquidity beginning Friday morning.\u00a0 Carefully consider whether you wish to place Market or Stop orders in these contracts after that time.\u00a0 The executing brokers in the June contracts of the\u00a0“Big” pit-traded stock indexes will not be “held” on ANY order.\u00a0 They will not take Cancel and Replace orders at all beginning\u00a0Friday June 14th<\/sup>.<\/p>\n <\/p>\n Additional information<\/span>:<\/strong><\/p>\n <\/p>\n For more information, here\u2019s the link to the CME web site http:\/\/www.cmegroup.com\/trading\/equity-index\/files\/Rollover_Dates.pdf<\/a>.<\/p>\n <\/p>\n Feel free to contact our office for any further\u00a0clarification or assistance.<\/p>\n <\/p>\n