• Amendments to Listing and Fee Schedules for S&P GSCI ER Index Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6996
      • Notice Date
      • 09 January 2014
      • Effective Date
      • 26 January 2014
    • Please be advised that effective Sunday, January 26, 2014 for trade date Monday, January 27, 2014, and pending all relevant CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will amend the listing and fee schedules for the S&P GSCI ER Index Futures contract (Rulebook chapter: 415; Clearing Code: GA; CME Globex Code: GIE). This contract is listed for trading on CME Globex, and for submission for clearing via CME ClearPort.

      The member/non-member amended fee schedule for this contract is as follows:

       

      CME Fees

      Rates for March 2014

      Contract Month

      Rates for Contract Months After March 2014

      Clearing Fee (1)

      $10.00

      $1.00

      Globex Fee

      n/a

      n/a

      All In Fee

      $10.00

      $1.00

       

      (1) Clearing Fee includes Give Ups, Electronic Trades, Electronic Spreads, Exercise, Assignment and Delivery transaction types.

       

       

      Other CME Processing Fees

      Rates for March 2014

      Contract Month

      Rates for Contract Months After March 2014

      EFP Surcharge (2)

      n/a

      $0.50

      Block Trade Surcharge

      n/a

      $0.50

       

      (2)   EFP Surcharge may vary by membership type

       

      The current listing cycle for the S&P GSCI-ER futures contract calls for the listing of a single contract month, currently March 2014. A change in the cycle will be made so that the nearest four (4) calendar months will be listed as contract months. As a result, the contract months of April 2014, May 2014 and June 2014 will be listed effective for the trade date of Monday, January 27, 2014.

       

      Also, effective for trade date January 27, 2014, Exchange fees will be incurred by both the buyer and seller of S&P-GSCI-ER futures $1.00/side for a transaction fee, and a $0.50/side EFRP and block surcharge. The facilitation desk surcharge will be set at $.20/side. A remaining position in any contract month other than March 2014 that expires will be charged a $1.00/side non-trade fee. The fee changes are for any contract month listed that expires after the March 2014 contract. Any transaction in the March 2014 contract will be charged at the current rate of $10/side with an EFRP and Block fee waiver and will be charged $10/side non-trade fee. Please refer to the CME fee schedule for further details.

       

      Questions regarding this Special Executive Report may be directed to Candice Graham, Director, Commodity Products and Services at 312-930-3365,Candice.Graham@cmegroup.com or Jack Cook, Director, Commodity Research & Product Development, at 312-930-3295, Jack.Cook@cmegroup.com.

      For media inquiries concerning this Special Executive Report, please contact CME Group Corporate Communications at 312-930-3434 or news@cmegroup.com.