Feb. 4, 2013
/PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced it will transition open outcry trading of
Board of Trade (KCBT) hard red winter (HRW) wheat futures and options to its
trading floor beginning
Monday, July 1, 2013
, pending CFTC review. This transition will accelerate efficiencies and trading opportunities for customers trading both the HRW wheat and CBOT Soft Red Winter (SRW) wheat varieties. KCBT wheat futures and options will continue to trade on
and be listed by and subject to the rules of KCBT.
The last day of open outcry trading on the KCBT floor will be
. CME Group will operate an electronic trading center in the former KCBT floor space until the end of September, providing a place for
-based traders to execute trades on CME Globex.
"Throughout the integration process, we've remained focused on our customers who manage global price risk associated with these two classes of wheat," said CME Group COO
. "By moving
wheat to the
floor later this year, we will make it as efficient as possible for our customers to trade both products and the spread between the two."
In addition, beginning
, subject to CFTC approval, customers will benefit from the integration of KCBT clearing services into CME Clearing, which will provide cross-margining and other capital efficiencies for market participants.
As the world's leading and most diverse derivatives marketplace, CME Group (
) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on
. CME Group brings buyers and sellers together through its
electronic trading platform and its trading facilities in
and Chicago. CME Group also operates
, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the
Board of Trade are trademarks of the Board of Trade of the
City of Chicago
, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. KCBOT, KCBT and
Board of Trade are trademarks of The Board of Trade of
Kansas City, Missouri
, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at