• Block Trades

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME & CBOT RA1501-3
      • Notice Date
      • 06 January 2015
      • Effective Date
      • 21 January 2015
    • This Advisory Notice supersedes CME & CBOT Market Regulation Advisory Notice RA1408-3 from December 1, 2014.  It is being issued based on minor revisions to CBOT Rule 526 that become effective on January 21, 2015. 

      CBOT Rule 526 has been amended to add a reference in the Rule to Part 43 of the CFTC Regulations under the Commodity Exchange Act.  This revision codifies that the minimum size for swap block trades will be set at a value at or in excess of what is required by Appendix F to Part 43 of the CFTC Regulations.  Additionally, an obsolete reference to authority formerly vested in certain members of the CBOT Board of Directors which expired in May of 2012 has been eliminated.

      Please click HERE to view the full advisory