Notice to Members
Notice No. 458
12/02/2004
Amendments to COMEX Division Rule 4.82, Submission of Trade Data
The Board of Directors, on December 1, 2004, approved amendments to COMEX Division Rule 4.82, Submission of Trade Data. The amendments are in connection with an effort by the Joint Compliance Committee, which is comprised of regulatory personnel from all of the major U.S. futures exchanges, to unify CTI codes across all U.S. exchanges. (Parallel changes have been approved for the NYMEX Division, and are effective Wednesday, December 8, 2004.)

The amendments minimally affect COMEX. The definition of CTI 1 would be narrowed to only be applicable to individual floor members. Currently, both NYMEX and COMEX allow the additional use of the CTI 1 code in electronic venues (ACCESS and ClearPortsm Trading) for non-members. Lastly, other minor non-substantive changes were incorporated.

The proposed amendments to COMEX Division Rule 4.82 affect a “Special Matter” under the terms of the COMEX By-Laws. Accordingly, COMEX Division Members have ten (10) days to submit a petition signed by owners of at least 155 COMEX Division Memberships requesting a vote of the COMEX Division Members to disapprove the amendments, pursuant to the procedures set forth under COMEX By-Law 205(D). If a petition is not received, or if the amendment is not disapproved, it will be submitted to the Commodity Futures Trading Commission.

Please click here for the amendment.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com