CME to Swap Out Turkish Lira Contracts

The CME Group has delisted its EUR/TRY futures contract, effective immediately, and plans to delist its USD/TRY futures contract while also launching a new TRY/USD futures contract in September.

The EUR/TRY contract was listed for trading on CME Globex, as well as for submission for clearing via CME ClearPort. There was no open interest in the EUR/TRY contract at the time of delisting.

For the USD/TRY contract, all contract months that are listed beyond September 2018 have been delisted, meaning that although this contract will continue to be listed on CME Globex and CME ClearPort for the time being, after the market close on September 18 it will be permanently delisted. There is no open interest in the contract months after September.

The exchange group says that, “in a further effort to accommodate the marketplace”, it plans to list a new TRY/USD futures contract with an effective trade date of September 10, subject to all relevant regulatory review periods by the Commodity Futures Trading Commission.

The first listed month of the new contract will be December 2018.

Galen Stops

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