The new electronic livestock options will include a market marker program with the ability for mass quoting of options prices. Trading will take place during the same hours as the livestock options traded in open outcry for side-by-side trading from 9:05am to 1:02pm for Live Cattle options, and 9:10am to 1:02pm for Lean Hog options Chicago time.
Electronically traded options on livestock futures enable customers to receive immediate trade execution notification. The functionality provides automated bookkeeping with instantaneous clearing account balances, market transparency and request for quotes.
