• Implementation of Trading at Marker (TAM) to the Gold PM Marker Price

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7967R
      • Notice Date
      • 06 September 2017
      • Effective Date
      • 22 October 2017
    • (This SER supersedes SER 7967 dated August 15, 2017 and is being issued to amend the effective date from trade date Monday, September 11, 2017 to trade date Monday, October 23, 2017.   No other amendments have been made to the original SER.)

      Effective Sunday, October 22, 2017 for trade date Monday, October 23, 2017, and pending all relevant CFTC regulatory review periods, Commodity Exchange, Inc. (“COMEX” or “Exchange”) will amend the Trading at Settlement Table (the “Table”) located at the end of COMEX Chapter 5 (“Trading Qualifications and Practices”) as it relates to COMEX Rule 524. Trading at Settlement (“TAS”), Trading at Marker (“TAM”) and Matched Order (“MO”).  Specifically, the Exchange will introduce a TAM based on the Gold PM marker price for trading on CME Globex and for submission for clearing through CME ClearPort. The addition of TAM will provide optionality for the marketplace in a highly liquid benchmark product.

      Please direct questions regarding this notice to:

      Joann Arena, Director, Research            joann.arena@cmegroup.com                 212.299.2356

      Thomas Hart, Director, Metals BLM        thomas.hart@cmegroup.com                 212.299.2358

      Please click here for PDF of SER-7967R.