• Pre-Execution Communications

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME Group RA2005-5
      • Notice Date
      • 13 July 2020
      • Effective Date
      • 27 July 2020

    • Effective on trade date July 27, 2020, and pending all relevant CFTC regulatory review periods, this Market Regulation Advisory Notice will supersede CME Group Market Regulation Advisory Notice RA1718-5 from December 5, 2017. It is being issued based on an amendment to Rule 539.C. (“Pre-Execution Communications Regarding Globex Trades”) to adopt a change to the Committed Cross (“C-Cross”) algorithm for products eligible for a Better Price Match (“BPM”) allocation.

      Click HERE to view the full advisory.

CME Group is the world’s leading 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.

© 2026 CME Group Inc. All rights reserved.