US – CME Group announced on Friday that it will reduce electronic trading hours of CME Livestock futures and options products.
Pending CFTC review, trading in CME Livestock markets will be amended on the CME Globex electronic trading platform beginning with trade date, Monday, October 27, 2014.
"Over the past several months, we have been engaging with a broad cross section of customers and industry participants, including a formal survey in August, and based on that feedback we have determined we should reduce electronic trading hours for our livestock products,” said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. “It is important that we provide products that meet the changing needs of our customers and the market. We believe this change will result in deeper and more liquid markets to serve their risk management needs.”
Beginning Monday, October 27, electronic trading hours for CME Lean Hogs, Live Cattle and Feeder Cattle futures and options will be as follows on CME Globex:
- Monday – 9:05 a.m. to 4:00 p.m. CT
- Tuesday to Thursday – 8:00 a.m. to 4:00 p.m. CT
- Friday – 8:00 a.m. to 1:55 p.m. CT
Open-outcry trading hours for CME Livestock futures and options products will not be impacted by this adjustment to CME Globex trading hours.
TheCattleSite News Desk