On August 25, 2014, this Advisory Notice will supersede CME Group Market Regulation Advisory Notice RA1403-5 from May 23, 2014. It is being issued based on changes to CME and CBOT Rule 539.C. concerning pre-execution communications.
Pending all relevant regulatory review periods, effective on Sunday, August 24, 2014, for trade date Monday, August 25, 2014, the waiting time period between the entry of a Request for Quote (“RFQ”) and a Request for Cross (“RFC”) in CME and CBOT interest rate options will be increased from five (5) seconds to 15 seconds.
Please refer to pages 9 – 12 for the complete texts of each Exchange’s Rule 539.
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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.