CME Group Inc. is pleased to announce the elimination of the requirement for clearing members to assign CME Group Inc. shares for their clearing membership privileges. The elimination of this requirement will be effective Friday, May 13, 2011 and will only affect clearing membership privileges. In order to continue to receive equity exchange fee rates on their proprietary trading activity, clearing members must continue to assign their shares and hold them at Computershare.
Upon the effective date, the share requirements in order to receive reduced exchange fees will continue to be:
- One CME Group Exchange (i.e. CME, CBOT or NYMEX) - 6,000 shares;
- Two CME Group Exchanges - 9,000 shares; and
- Three CME Group Exchanges - 12,000 shares.
CBOT Clearing Members, which are not also equity member firms of CME or NYMEX and have a grandfathered share requirement of 4,725 (instead of 6,000), shall continue to be grandfathered in with that share requirement if they wish to continue to receive equity exchange fee rates.
CME Group’s Shareholder Relations Department will provide notification to clearing member firms on the procedures to have shares currently assigned for clearing membership released from Computershare.
If you have any questions, please call the Audit Department at (312) 930-3230.