Effective Tuesday, April 26, 2016, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME”), The Board of Trade of the City of Chicago, Inc. (“CBOT”), New York Mercantile Exchange, Inc. (“NYMEX”) and Commodity Exchange, Inc. (“COMEX”) (collectively, the “Exchanges”) will adopt amendments to CME/CBOT/NYMEX/COMEX Rule 588. (“Trade Cancellations and Price Adjustments”). More specifically, the Exchanges will amend Subsection 588.G. (“Schedule of Administrative Fees”) of Rule 588. to increase the administrative fee for parties responsible for entering an order into the electronic trading system that gave rise to a trade cancellation or price adjustment from $500 to $1,000.
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.