• Update on Pending Revisions to Rule 538 and Associated Market Regulation Advisory Notice

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7016
      • Notice Date
      • 10 February 2014
      • Effective Date
      • 10 February 2014
    • On January 29, 2014, CME Group agreed to provide the Commodity Futures Trading Commission (“CFTC”) with an additional 60 days to consider CME, CBOT, NYMEX and COMEX’s request for approval of revisions to Rule 538 (“Exchange for Related Positions”) and an associated Market Regulation Advisory Notice (RA1311-5) that were filed with the CFTC on November 1, 2013. The extension runs through March 31, 2014.
      As a reminder, current Rule 538 and Market Regulation Advisory Notice RA1006-5 from June 11, 2010, remain in full force and effect. A link to RA1006-5 which includes the current text of Rule 538 appears below.
      If you have any questions, please contact one of the following individuals in the Market Regulation Department:
      William Lange, Director, Market Surveillance, at 312.341.7757
      Joe Hawrysz, Executive Director, Market Surveillance, at 312.341.7750
      Chris Reinhardt, Senior Director, Market Surveillance, at 212.299.2882
      Robert Sniegowski, Senior Director, Rules & Regulatory Outreach, at 312.341.5991
      For media inquiries concerning this Special Executive Report, please contact CME Group Corporate Communications at 312.930.3434 or news@cmegroup.com.