HedgeStreet to Amend Exchange Hours, Definitions to Include 'Trade Day', Certain Uniform Terms Across Contracts, and Daily Payout Criteria for Certain Binary Contracts
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act and Commission Regulation §40.6(a), and with an effective date of Monday, June 23, 2008, HedgeStreet intends to extend its business hours and include an evening session from 6PM to 9PM ET on Mondays through Thursdays, and to amend the daily Payout Criteria for the following seven (7) Binary Contracts:
RULE 12.20 CRUDE OIL BINARY CONTRACTS
RULE 12.21 CURRENCY EXCHANGE EUR/USD BINARY CONTRACTS
RULE 12.22 CURRENCY EXCHANGE GBP/USD BINARY CONTRACTS
RULE 12.23 CURRENCY EXCHANGE USD/YEN BINARY CONTRACTS
RULE 12.24 CURRENCY EXCHANGE USD/CHF BINARY CONTRACTS
RULE 12.27 GOLD BINARY CONTRACTS
RULE 12.31 SILVER BINARY CONTRACTS
Additionally, the HedgeStreet Rule and Instrument Committees have approved amendments to certain definitions and uniform terms across contracts represented in Rule 1.1 and Rule 12.1, respectively.
Click here to view the rule amendments.