Effective immediately, this Special Executive Report (“SER”) supersedes CME Group SER-7488 from October 8, 2015. It is being issued based on a decision to eliminate the Chicago Mercantile Exchange Inc. (“CME”) requirement that the upper division member being credited with brokerage on the futures leg of an options/futures spread must be in the same quadrant as the executing broker. The revised requirement is that the upper division member being credited with the brokerage must be physically present on the trading floor (excluding break rooms and restrooms). No other requirements concerning the Brokerage Reassignment (“BK”) process have been changed.
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