Thread: Market News

Chicago Merchantile Exchange (CME) has announced an early closing too:

Hurricane Sandy Update
Oct 29, 2012 09:33 CDT

For current updates, please visit our Hurricane Update Page

CME Group » Hurricane Sandy Update
Hurricane Sandy Update

Interest Rate Alert
Oct 29, 2012 09:25 CDT

CME Group will close its Interest Rate complex, including Treasury, Eurodollar and Fed Funds futures and options on futures markets on the trading floor and on CME Globex at 11:00 a.m. CT today in line with SIFMA’s decision to close the cash market.

For credit default swaps (CDS), CME Group will accept deals up until regular deal acceptance time of 6:00 p.m. CT, with settlement curves calculated at 11:00 a.m. CT. For interest rate swaps (IRS), CME Group will accept deals up until regular deal acceptance time of 6:00 p.m. CT. Non-dollar settlement curves will be derived at their normal times. CDS curves will be determined based upon a submission window that closes at 11:35 CT, exactly four hours earlier than the normal submission window.

Additionally, equity index futures and options on futures markets on the trading floor and CME Globex closed at 8:15 a.m. CT today.

We will continue to monitor the situation as well as continue our coordination with other exchanges and will keep you updated as information becomes available.

Hurricane Sandy Update
Oct 29, 2012 05:04 CDT

New York City has issued a mandatory evacuation of Zone A, which includes CME Group's NYMEX World Headquarters and New York trading floor. As a result, the New York trading floor will be closed on Monday, October 29. We will open all of our electronic markets at their regularly scheduled times on CME Globex and CME ClearPort, our online electronic platforms. We will continue to update cmegroup.com as additional information becomes available.

CME Globex Update
Oct 29, 2012 05:05 CDT

As a result of the securities industry decision to close US equities markets tomorrow because of Hurricane Sandy, CME Group will be closing its US equity futures and equity options on futures markets on the trading floor and on CME Globex at 8:15 am, CT, today Monday, Oct. 29. These markets opened at 5:00 p.m. CT today and will remain open until 8:15 a.m. CT today. All other CME Group futures and options on futures markets will remain open. We will continue to monitor the situation as well as continue our coordination with other exchanges and will keep you updated as information becomes available. If you have any questions, please contact the CME Global Command Center at (+1)312-456-2391, in Europe at +44-20-7623-4708 or in Asia at +65-6223-1357.

Settlement Alert
Oct 29, 2012 07:03 CDT

As a result of the decision by the Securities Industry to close all U.S. Equity Markets on Monday, October 29, 2012, all U.S. Equity products traded at CME Group will close and settle at 08:15 CT. All of the settlements for these products will be based solely on Globex data derived between 08:14:30 and 0800 CT. As of now, all other CME Group products, including NYMEX and COMEX, will settle at their normal times. We will communicate any changes to this accordingly.

Source:
Hurricane Sandy Update