• Exchange for Related Positions

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME_Group_RA1809-5
      • Notice Date
      • 13 August 2018
      • Effective Date
      • 27 August 2018

    • Effective on trade date Monday, August 27, 2018, and pending all relevant CFTC regulatory review periods, this Market Regulation Advisory Notice will supersede CME Group Market Regulation Advisory Notice RA1716-5R from February 21, 2018. It is being issued based on amendments to each Exchange’s Rule 524 which will permit the futures leg of Exchange for Physical (“EFP”) and Exchange for Risk (“EFR”) transactions in Trading at Settlement (“TAS”) and Trading at Marker (“TAM”) eligible commodities and contract months to be priced at the settlement or marker price or any allowable tick increment above or below the settlement or marker price. The answers to FAQ 10 and 22 in this Advisory Notice have been updated to reflect this new pricing convention for EFPs and EFRs.

      Click HERE for full advisory.

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