Pending all relevant regulatory review periods, effective Wednesday, February 4, 2015, CME, CBOT, NYMEX and COMEX will adopt a revision to Rule 853 (“Transfer of Trades and Customer Accounts”) to remove the requirement that a transfer of trades approved pursuant to the provisions of Rule 853.A.2. require that one or more entities becomes the successor in interest to one or more other entities. The revision is intended to address circumstances where an entity is exiting the trading of futures and options on futures but is not going out of business.
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