• Amendments to CME, CBOT, NYMEX/COMEX Rule 589. (Special Price Fluctuation Limits)

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-8351
      • Notice Date
      • 15 March 2019
      • Effective Date
      • 31 March 2019
    • Effective Sunday, March 31, 2019 for trade date Monday, April 1, 2019 and pending all relevant CFTC regulatory review periods (see Submission No. 19-014), The Board of Trade of the City of Chicago, Inc. (“CBOT”), New York Mercantile Exchange, Inc. (“NYMEX”) and Commodity Exchange, Inc. (“COMEX”) (the “Exchanges”) will amend CBOT, and NYMEX/COMEX Rule 589. (“Special Price Fluctuation Limits and Daily Price Limits”). The amendments to CBOT, NYMEX/COMEX Rule 589. adopt new section - (“Dynamic Price Fluctuation Limits”) to introduce dynamic price fluctuation limit functionality as a type of special price fluctuation limit.

      Inquiries regarding the aforementioned may be directed to the CME Group Global Command Center at 312.456.2391. Questions regarding this Special Executive Report may be directed to the CME Global Command Center at +1.800.438.8616, in Europe at +44.800.898.013, in Asia at +65.6532.5010, or GCC@cmegroup.com.

      Please click here for PDF of SER-8351.