Pending all relevant regulatory review periods, this Advisory Notice will supersede CME Group Market Regulation Advisory Notice RA1411-5RR from January 6, 2015. It is being issued to add additional questions and answers into the FAQ (#s 18-21) to provide additional regulatory guidance concerning circumstances that may be deemed a violation of Rule 534 (“Wash Trades Prohibited”), including activity during the pre-open on CME Globex and information on indirect wash trades. Additionally, the answer to FAQ 17 has been modified to clarify that CME Group’s self-match prevention (“SMP”) functionality does not prevent self-matches upon the opening of the market in circumstances where the orders are entered during the pre-open state on Globex.
Click HERE to view full advisory.
Register for regular updates here and manage your email preferences.