• Amendments to CME, CBOT, NYMEX/COMEX Rule 588.C. (“Trade Cancellations and Price Adjustments”) and Rule 588.H. (“Globex Non-Reviewable Trading Ranges”) Table Relating to all Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER 8458
      • Notice Date
      • 02 October 2020
      • Effective Date
      • 18 October 2020

    • Effective Sunday, October 18, 2020 for trade date Monday, October 19, 2020, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME”), The Board of Trade of the City of Chicago, Inc. (“CBOT”), New York Mercantile Exchange, Inc. (“NYMEX”) and Commodity Exchange, Inc. (“COMEX”) (collectively the “Exchanges”) will adopt various amendments to CME, CBOT, NYMEX/COMEX Rule 588. (“Trade Cancellations and Price Adjustments”) and Rule 588.H. (“Globex Non-Reviewable Trading Ranges”) table (the “Table”) to change the process for adjusting prices and cancelling trades for all option contracts (collectively, the “Rule Amendments”).

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