From Sunday 28 July (trade date Monday 29 July), a new exchange-defined Balanced Strip Butterfly futures spread will be available for trading on CME Globex.
The new spread will use a new strategy type (BB).
The Balanced Strip Butterfly spread will represent a differential spread consisting of three equally spaced legs – the close and late expirations of a Balanced Strip Butterfly on one side of the spread and twice the amount of middle expirations of a pack on the other side (1: 2:1).
The spread is currently available for customer testing in the New Version.
Contracts refer to and are subject to CME rules and regulations.