• Reminder Regarding Correct Submission of Customer Type Indicator (CTI) Codes

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME Group RA1201-5
      • Notice Date
      • 03 January 2012
      • Effective Date
      • 03 January 2012
    • Commodity Futures Trading Commission Regulation 1.35 (“Records of cash commodity, futures, and options transactions”) and CME, CBOT, NYMEX and COMEX Rule 536.D. (“Customer Type Indicator (CTI) Codes”) require that an accurate customer type indicator code (“CTI Code”) must be submitted for every transaction executed electronically or by open outcry. This Advisory Notice is being issued to remind clearing members of the requirement for the accurate submission of CTI Codes.
      Rule 536.D. indicates that it is the responsibility of clearing member firms to ensure that each electronic and open outcry transaction submitted to the Exchanges includes the correct CTI Code. Clearing firms should take steps to ensure that they have processes and procedures in place that result in the accurate submission of CTI Codes. Clearing firms are reminded that failure to transmit accurate CTI Codes in accordance with Rule 536.D. may result in disciplinary action.
      Questions regarding this Advisory Notice may be directed to the following individuals in Market Regulation:
      CME & CBOT                                            NYMEX & COMEX
      Lou Abarcar             312.341.3236             Russell Cloughen        212.299.2880
      Terrence Quinn      312.435.3753             Wayne Karnatz             212.299.2913
      Betsy Schneider      312.341.3343             Alben Weinstein           212.299.2910
      For media inquiries concerning this Advisory Notice, please contact CME Group Corporate Communications at 312.930.3434 or news@cmegroup.com.