• Amendment to CME/CBOT/NYMEX/COMEX Rule 553 (Average Price System)

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7586
      • Notice Date
      • 05 February 2016
      • Effective Date
      • 22 February 2016
    • Effective Monday, February 22, 2016, and pending all relevant CFTC review periods, CME, CBOT, NYMEX and COMEX (collectively, the “Exchanges”) will adopt an amendment to Rule 553 (“Average Price System”) to clarify that Exchange Clearing Member Firms that internally calculate average prices pursuant to the Rule must transmit those prices back to CME Clearing.

      Please click HERE to view the full advisory.