• Amendments to CME/CBOT/NYMEX/COMEX Rule 588. (Trade Cancellations and Price Adjustments)

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7634
      • Notice Date
      • 12 April 2016
      • Effective Date
      • 26 April 2016
    • 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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