• Amendments to CME/CBOT/NYMEX/COMEX Rules 806 (Offset Process) and 854 (Concurrent Long and Short Positions)

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7613
      • Notice Date
      • 10 March 2016
      • Effective Date
      • 24 March 2016

    • Effective Thursday, March 24, 2016, and pending all relevant CFTC regulatory review periods, CME, CBOT, NYMEX and COMEX (collectively, the “Exchanges”) will adopt amendments to Rules 806 (“Offset Process”) and 854 (“Concurrent Long and Short Positions”) to clarify that it is impermissible to re-open a position that has been closed out at the CME Clearing House other than through permissible trading activity.

      Click HERE to view the full advisory.

       

       

       

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