• Update on Direct Funding Participant Launch Date

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 17-218
      • Notice Date
      • 13 June 2017
      • Effective Date
      • 13 June 2017
    • We are continuing to work with the CFTC as part of the Commission’s regulatory review procedure and are in the process of responding to a few final clarifying questions to obtain sign-off for the program. CFTC regulations require that CME include an implementation date in its filings. The date included in CME’s April 19th filing was June 19th. As we approach the completion of the regulatory review process, we now expect regulatory sign-off to occur later in the summer of 2017.

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