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> From: William Burks <news@xxxxxxx>
> To: Rick MacNeil <rickinri@xxxxxxx>
> Subject: Re: SP split
> Date: Tuesday, August 12, 1997 1:10 PM
>
> At 06:57 AM 8/12/97 -0400, you wrote:
> >Will the min. tick change when the split happens?
> >
>
> Dear Mr. McNeil:
> In response to your questions (above and in a previous email) about the
> Merc's S&P contracts, we have just announced a launch date of September 9
> for the "E-mini" version of the contract.
> No date has yet been announced for the split in the larger contract.
When
> the split is effective, the contract's minimum tick size will be doubled
> from .05 to .10. Doubling the tick size while halving the contract
> multiplier will leave the dollar value of each price increment unchanged
at $25.
>
> Thank you for your interest. Please let me know if I can be of further
help.
>
> Sincerely,
> William Burks Chicago Mercantile Exchange
> Manager, Corporate Communications 30 South Wacker Drive
> news@xxxxxxx Chicago, IL 60606
> Voice 312/930-3446 Fax 312/930-3439
>
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