DATE: November 12, 2014
SUBJECT: Amendments to Rulebook Chapter 7 of the Board of Trade of the City of Chicago, Inc.
Effective Tuesday, November 18, 2014 and pending all relevant CFTC regulatory review periods, the Board of Trade of the City of Chicago, Inc. (“CBOT” or “Exchange”) will amend Chapter 7 of the CBOT Rulebook to introduce CBOT Rule 719 (“Initial Regularity for Delivery against a New Futures Contract”). CBOT Rule 719 shall require that initial regularity for delivery against a new futures contract, concurrent with the listing of such new futures contract, be effective either fifteen (15) days after the Exchange posts a notice that a bona fide application has been received or the day after the application is approved by the Exchange, whichever is later.
Initial regularity and increases in regularity for physically delivered contracts currently listed on the Exchange will continue to be effective either thirty (30) days after the Exchange posts a notice that a bona fide application has been received or the day after the application is approved by the Exchange, whichever is later.
The amendments to CBOT Chapter 7 can be found in black-line format on the CME Group website, at the following link: CBOT Submission 14-452.
Please refer questions on this subject to:
Products: Nadine Brown Nadine.Brown@cmegroup.com (212) 299-2223
Registrar’s Office: Terry Gehring Terry.Gehring@cmegroup.com (312) 435-3644
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.