• Wash Trades Prohibited - Rule 534

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • RA1614-5
      • Notice Date
      • 16 November 2016
      • Effective Date
      • 01 December 2016
    • Pending all relevant regulatory review periods, this Advisory Notice will supersede CME Group Market Regulation Advisory Notice RA1411-5RR from January 6, 2015. It is being issued to add additional questions and answers into the FAQ (#s 18-21) to provide additional regulatory guidance concerning circumstances that may be deemed a violation of Rule 534 (“Wash Trades Prohibited”), including activity during the pre-open on CME Globex and information on indirect wash trades.  Additionally, the answer to FAQ 17 has been modified to clarify that CME Group’s self-match prevention (“SMP”) functionality does not prevent self-matches upon the opening of the market in circumstances where the orders are entered during the pre-open state on Globex.

       

      Click HERE to view full advisory.