Minimum derivative contract value requirement adjusted; exchanges to alter lot sizes to maintain threshold with prior market notice. A prescribed minimum contract value must be met for exchange-traded derivatives; where contract value equals or exceeds higher thresholds Exchanges must reduce lot size/multiplier (by specified fractions) and where contract value is below the minimum Exchanges must increase lot size/multiplier in multiples of two to bring contract value to the minimum. The prior requirement that lot size be a multiple of 100 is revoked.
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Provisions expressly mentioned in the judgment/order text.
Minimum derivative contract value requirement adjusted; exchanges to alter lot sizes to maintain threshold with prior market notice.
A prescribed minimum contract value must be met for exchange-traded derivatives; where contract value equals or exceeds higher thresholds Exchanges must reduce lot size/multiplier (by specified fractions) and where contract value is below the minimum Exchanges must increase lot size/multiplier in multiples of two to bring contract value to the minimum. The prior requirement that lot size be a multiple of 100 is revoked.
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