Date: April 13, 2017
Re: Elimination of Pre-Open State in Delta1
Effective Date: April 17, 2017
OneChicago, LLC (“OneChicago”) is issuing this Notice to Members (“NTM”) 2017-22 to inform market participants that OneChicago is eliminating the Pre-Open state in its trading platform, Delta1. Delta1 currently supports four primary states: Pre-Open, Open, Close, and Halt. The Pre-Open state runs from 7:00:00 a.m. CT to 8:29:59 a.m. CT, during which time the reporting of bilateral trades in certain supported instruments, such as block trades and Exchange of Future for Physical (“EFP”) trades, is permitted. During the Pre-Open state, order entry for SSF and Spread instruments is not permitted.
As of April 17, 2017, OneChicago will eliminate the Pre-Open state entirely. Instead, bilateral reporting will be permitted for supported instruments in an Open state from 7:00:00 a.m. CT to 8:29:59 a.m. CT. Unsupported instruments will remain in a Closed state until 8:30:00 a.m. CT. The trading hours of these instruments are not changing as a result of the elimination of the Pre-Open state, and market participants will not experience any service interruption during this transition.
|Description||Open Time (CST)||Close Time (CST)|
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If you have any questions, please contact OneChicago Operations at (312) 883-4311 or firstname.lastname@example.org.