Daily Bulletin Glossary
AON: All or None – A transaction executed in the open outcry
venue that must be filled in its entirety at a single price. AON
transactions are permitted only in certain products and mustbe for a quantity that meets or exceeds the exchange-specified
AON minimum quantity for that product. An AON order may beexecuted opposite multiple counterparties provided that each
opposing party to the AON order meets the exchange-specified
minimum counterparty threshold.
CLEARED DATE: The date the trade was cleared post execution.
CLOSING RANGE: The high and low prices, inclusive of bids
and offers, recorded during the time period designated by theExchange as the close of pit trading in a particular contract.

ELIGIBLE OPTIONS SERIES: Range of strike prices by contract
month that are eligible to trade
EOO: Exchange of Options for Options – A privately negotiatedand simultaneous exchange of an Exchange option position fora corresponding OTC option position or other OTC instrumentswith similar characteristics.
ETH VOLUME: Volume executed during electronic trading
hours on Globex.
EXERCISES: The number of options exercised.
EXPIRATION: Last date on which a contract can trade.

CLOSE RANGE AB IND: Indicator for A (ask) or B (bid) for
closing range.

EX-PIT (see PNT Transactions): Allowable, privately negotiatedtransactions executed outside the pit and/or Globex – i.e
outside of a competitive venue.

CONTRACT HIGH: Reflects the highest price reached(inclusive of Globex and the trading floor) for the contract
month since listed for trading.

GLOBEX OPEN: The first traded price at the start of the Globex
trading session.

CONTRACT HIGH IND: Indicator for A (ask) or B (bid) for
contract high price.
CONTRACT LOW: Reflects the lowest price reached (inclusiveof Globex and the trading floor) for the contract month sincelisted for trading.
CONTRACT LOW IND: Indicator for A (ask) or B (bid) for
contract lowest price.
CONTRACT MONTH: Calendar month in which a contract
expires. Standard futures and options have their “CONTRACTMONTH” displayed in a MONYY format; non-standard products(Flex and OTC) display to the day (MONYYDD or YYCCMMDD).
DELTAS: The measure of the price-change relationshipbetween an option and the underlying futures price. Equal tothe change in premium divided by the change in futures price.
EFPs: Exchange for Physicals – A privately negotiatedtransaction resulting in the simultaneous exchange of anExchange futures position for a corresponding position in theunderlying physical.
EFRs: Exchange for Risk – A privately negotiated transaction
resulting in the simultaneous exchange of an Exchange futuresposition for a corresponding Over the Counter (OTC) swap orother OTC derivative in the same or related instrument.
EFRP: Exchange For Related Product.

GLOBEX HIGH/LOW: Highest and lowest reached price during
a Globex trading session.
GLOBEX VOLUME: Volume executed during a Globex trading
session.
HIGH PRICE: Higher trade or bid price for the contract during
the trading day. In the absence of a trade, only a bid higher thanthe prior settlement will display.
HIGH PRICE A/B IND: Indicator for A (ask) or B (bid) for
highest price a trading session of a trading day.
IMM INDEX DISCOUNT: Interest Rate Discount Price.
LOW PRICE: Lowest trade or offer price for the contract during
trading day. In the absence of a trade, only an offer lowers thanthe prior settlement will display.
LOW PRICE A/B IND: Indicator for A (ask) or B (bid) for lowest
price a trading session of a trading day.
PNT: Privately Negotiated Transaction/Trade – General term
describing various types of allowable privately negotiatedtransactions such as block trades, EFRPs and transfer trades.
(see EX-PIT)OI NETCHANGE: The amount of open interest that changed(increased or decreased) from the prior day’s open interest.
OI NET CHANGE IND: Open Interest Net Change – Reflects
a (+) or (-) to indicate whether the open interest increased ordecreased from the prior day’s open interest.

OPEN INT: Current Open Interest (number of open positions)for the contract.
OPEN OUTCRY HIGH/LOW: Highest and lowest reached priceduring an open outcry session on the trading floor.
OPEN OUTCRY VOLUME: Trade volume executed via outcry on
the trading floor.
OPEN RANGE: The price range recorded during the period
designated by the exchange as the official opening. A second price
may be displayed if there are multiple prices during the opening.
OPEN RANGE A/B IND: Indicator for A (ask) or B (bid) foropening range.
OPNT: Over-the-Counter Privately Negotiated Transaction –A privately negotiated OTC transaction resulting in a position in
an OTC Cleared Only SWAP product.
OVERALL COMBINED TOTAL VOLUME: The total tradevolume of Globex, Open Outcry and PNT by exchange, futures,options, division and asset class.
OVERALL COMBINED TOTAL OPEN INTEREST: The total
Open Interest (number of open positions) by exchange, futures,options, division and asset class.
OVERALL COMBINED TOTAL CHGE: The amount of open
interest that changed (increased or decreased) from the prior
day’s open interest by exchange, futures, options, division andasset class.
PCLS IND: Post Close Indicator – Reflects P to indicate whether
the price was derived from the “post close session”, which canoccur after the contract is closed.
PNT VOLUME: (see Ex-Pit Volume): Trade volume derived from
Privately Negotiated Transactions (PNT) executed outsideof the pit. This term is replacing the term ‘”Ex-Pit” volume inexchange statistical reporting.
PRODUCT NAME: Identifies the product .
PT.CHGE: Point change reflects the actual price movement(increased or decreased) from the prior day’s settlement price.
PT.CHGE IND: Point Change Indicator – Reflects a (+) or (-) toindicate whether the price movement increased or decreased
from the prior day’s settlement price.

RTH VOLUME: Volume from transactions executed on thetrading floor during Regular Trading Hours (RTH) via open
outcry plus volume from ex-pit/PNT transactions..
SETL PRICE: The price at which the contract settled for thetrading day.
STRIKE PRICE: The price at which the buyer of an option may
choose to exercise his right to purchase or sell the underlying
futures contract.
TAM: (Trade at Marker) – TAM futures are similar to the existing
Trade At Settlement (TAS) products, where customers cantrade at a differential to a not-yet-known price. For TAS, the notyet-known price is the end-of-day settlement price; for TAM, it isa “marker” price.
TAS: (Trade at Settlement) – Where allowed, a pit, Globex orblock trade made at any valid price increment ten ticks higher
or lower than the current day’s not-yet known settlement price.
TRADING SESSION: A trading session will mean either the pit
trading session (the hours designated for open outcry trading
for a product) and/or the Globex session (the hours on aparticular trading day when a product can be traded on Globex).
VOLUME TRADES CLEARED: Trade volume from trades thathave been matched and cleared by the CME Clearing House.
YEAR AGO OVERALL COMBINED TOTAL VOLUME: The total
trade volume of Globex, Open Outcry and PNT by exchange,futures, options, division and asset class for the previous
trading year.
52 WEEKS (364 DAYS) AGO OVERALL COMBINED TOTALOPEN INTEREST: The total Open Interest (number of openpositions) by exchange, futures, options, division and asset
class for the same weekday in the previous trading year.
52 WEEKS (364 DAYS) AGO OVERALL COMBINED TOTALCHGE: The amount of open interest that change (increasedor decreased) from the prior day’s open interest by exchange,futures, options, division and asset class for the same weekday
in the previous trading year.
52 WEEKS (364 DAYS) AGO VOLUME: The total trade volumeof Globex, Open Outcry and PNT by contract for the same
weekday in the previous trading year.

RECIPROCAL: A method of quoting FX exchange rates (i.e., JY
per USD has a reciprocal value of USD per JY).

52 WEEKS (364 DAYS) AGO OPEN INTEREST: The total OpenInterest (number of open positions) by contract for the same
weekday in the previous trading year.

RTH: Regular Trading Hours – Those hours designated for openoutcry trading of the relevant product as determined from timeto time.

52 WEEKS (364 DAYS) AGO SETT. PRICE: The price at which
the contract settled for the same weekday in the previoustrading year.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Chicago Mercantile Exchange, Globex, iLink, CME EOS Trader and LNet are trademarks ofChicago Mercantile Exchange Inc.
All other trademarks are the property of their respective owners.
The information within this brochure has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors oromissions. All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, CBOT and NYMEX rules.
Copyright © 2012 CME Group. All rights reserved.