Designated Contract Markets (DCM)

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Organization Status Date Remarks Documents
Bitnomial Exchange, LLC Designated 04/17/2020 3
IMX Health, LLC Designated 01/18/2024 8
American Gas Exchange, LLC Pending 09/20/2016 1
ForecastEx LLC Designated 06/24/2024 9
Electron Exchange DCM, LLC Pending 07/06/2023 7
Aristotle Exchange DCM, Inc. Pending 10/07/2021 8
QCX LLC Pending 06/16/2022 6
Railbird Exchange, LLC Pending 01/10/2023 7
Gemini Titan, LLC Withdrawn 02/15/2023 5
The Environmental Exchange Pending 04/20/2023 8
Aqua-Index Exchange, LLC Pending 08/10/2015 4
Nodal Exchange, LLC Designated 09/27/2013 Nodal Exchange, LLC trades financially settled power contracts, including (1) locational marginal pricing (energy, loss, and congestion) or any component of locational marginal pricing of electricity at hubs, zones and nodes in the United States and Canada and (2) natural gas at Henry Hub. Clearing services are provided by Nodal Clear. Nodal Exchange, LLC was previously operating as an Exempt Commercial Market ("ECM") as of April 2009. Nodal Exchange submitted an application for DCM registration on October 11, 2012 and was designated as a DCM on September 27, 2013. 12
OneChicago LLC Vacated 12/21/2020 OneChicago LLC listed for trading security futures products and was owned primarily by Interactive Brokers Group, LLC, CBOE, and CME. 3
Commodity Exchange, Inc. Designated 12/21/2000 The Commodity Exchange (COMEX) was founded in 1933 from the merger of the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange (the oldest of these exchanges was founded in 1882). Since 1994, COMEX has operated as a subsidiary of the New York Mercantile Exchange (NYMEX). 0
GFI Futures Exchange LLC Pending 03/19/2013 . 20
Small Exchange, Inc. Designated 03/10/2020 . 12
MidAmerica Commodity Exchange Vacated 05/13/2004 All MidAmerica Commodity Exchange (MidAm) contracts were transferred to its parent, the Chicago Board of Trade, as of April 7, 2003. 3
American Commodity Exchange Vacated 07/03/1981 American Commodity Exchange (ACE) was founded in 1978 and traded futures on GNMA certificates and US Treasury instruments. The last futures trades were in July 1981. The exchange closed in 1981 under an agreement whereby ACE members were offered membership in the New York Futures Exchange (NYFE). 2
NexTrade Futures Exchange, Inc. Withdrawn 02/21/2012 At the request of NexTrade, the 180-day review period under section 6 of the CEA was stayed on 10/15/03. 0
Cboe Futures Exchange, LLC Designated 08/07/2003 CBOE Futures Exchange, LLC has changed its name to Cboe Futures Exchange, LLC effective October 31, 2017. 2
Citrus Associates of the New York Cotton Exchange Vacated 06/09/2004 Citrus Associates was a subsidiary of the New York Cotton Exchange (NYCE); other subsidiaries included the Wool Associates, the Tomato Products Associates, and FINEX (the Financial Instruments Exchange), but only Citrus Associates had its own rulebook. Citrus Associates products were moved to NYCE as of 12/09/03. 0
ELX Futures, L.P. Dormant 07/01/2017 ELX listed for trading U.S. Treasury futures and used the eSpeed electronic trading platform. Clearing services were provided by OCC and regulatory services were provided by NFA. The last trade that took place on ELX was in June of 2016. 11
EOX Exchange LLC Withdrawn 02/20/2015 EOX Exchange LLC submitted an application for designation as a DCM on June 4, 2013 for the trading of financially-settled futures and options on futures in natural gas, natural gas liquids, power, crude oil, refined products, and agriculturals. Contracts would be cleared by LCH.Clearnet LLC. The EOX application was stayed due to material incompleteness on September 13, 2013 and was withdrawn on February 20, 2015. 9
Exchange Place Futures Exchange, L.L.C Dormant 06/01/2004 Exchange Place Futures Exchange, LLC originally was designated as BrokerTec Futures Exchange (BTEX) on June 18, 2001. BTEX ceased operations in November 2003. As of January 30, 2004, Exchange Place Futures is wholly owned by U.S. Futures Exchange LLC (USFE). 2
New Orleans Cotton Exchange Vacated 04/21/1975 Founded in 1871 as the New Orleans Cotton Exchange, it was first designated in 1936. The last futures trade occurred in 1964. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975, the effective date of the CFTC Act of 1974, when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactive exchanges were effectively vacated as of 4/21/1975. 0
Memphis Board of Trade Vacated 04/21/1975 Founded in 1885 as the Memphis Merchants Exchange, it was the first exchange to trade soybean meal, beginning in 1940, 11 years before the Chicago Board of Trade. It became the Memphis Board of Trade in 1954 and the last futures trade occurred in 1964. Originally designated on 12/8/1940. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975 , the effective date of the CFTC Act of 1974 when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactive exchanges were effectively vacated as of 4/21/1975. 1
Omaha Grain Exchange Vacated 02/07/1937 Founded in 1904, the Omaha (NE) Grain Exchange was primarily a cash grain market, but made several unsuccessful attempts to trade futures contracts. Originally Designated on 5/22/1930. Vacated on 2/7/1937. 2
FutureCom, LTD. Dormant 01/01/2004 FutureCom was designated as a contract market subject to specific conditions preventing the exchange from trading until the conditions were satisfied. The specific designation conditions are set forth in the CFTCs approval letter and Order. FutureCom never commenced trading, as the conditions placed on its designation were not met prior to the exchange becoming dormant. FutureComs business plan is to be an internet based, electronic exchange. 1
ICE Futures U.S., Inc. Designated 06/10/2004 ICE Futures US (ICE US) (formerly known as the New York Board of Trade (NYBOT)) became a wholly-owned subsidiary of ICE on on January 12, 2007. ICE is a for-profit, publicly traded company that also owns ICE Futures Europe and an exempt commercial market also known as ICE. NYBOT was formed in 1998 with the merger of the Coffee Sugar and Cocoa Exchange (CSCE) and the New York Cotton Exchange (NYCE). The contract market designations of CSCE and NYCE were extinguished and transferred to NYBOT in June of 2004. On September 3, 2007, NYBOT was renamed ICE Futures U.S., Inc. 4
Kalshi Designated 11/03/2020 In November 2023, KalshiEX LLC submitted a petition requesting the Commission modify its Order of Designation to permit intermediated futures trading. 14
Inet Futures Exchange, LLC Vacated 01/25/2022 Inet Futures Exchange (Inet) originally was designated as Island Futures Exchange on February 19, 2002. It changed its name to Inet on December 5, 2003. It never commenced trading. Vacated as of 1/25/2022. 2
LedgerX LLC Designated 06/24/2019 LedgerX LLC is a DCM and a SEF doing business as MIAX Derivatives Exchange. 13
Coinbase Derivatives, LLC Designated 11/23/2020 LMX Labs, LLC is a designated contract market (DCM) which started doing business as FairX but then changed to doing business as Coinbase Derivatives or just Coinbase. The exchange clears through Nodal Clear, a Derivatives Clearing Organization (DCO) and part of EEX Group, which is in turn part of Deutsche Brse Group. As of 12/21/23, LMX Labs, LLC changed its legal name to Coinbase Derivatives, LLC. 5
Portland Grain Exchange Vacated 04/21/1975 Located in Portland, OR, the exchanges last trade occurred in 1942. Originally Designated on 4/30/1929. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975 , the effective date of the CFTC Act of 1974 when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactive exchanges were effectively vacated as of 4/21/1975. 1
Baltimore Chamber of Commerce Vacated 08/18/1936 No futures contracts are known to have been traded on the Baltimore Chamber of Commerce after designation. Originally Designated on 8/15/1923, Vacated on 8/18/1936. 2
NYSE Liffe US, LLC Vacated 07/01/2014 NYSE Liffe trades precious metals. NYSE Liffe uses the LIFFE CONNECT trading system, regulatory services are provided by NFA, and clearing is provided by OCC. NYSE Liffe was vacated on July 1, 2014. 10
Chicago Board of Trade (Board of Trade of the City of Chicago, Inc.) Designated 12/21/2000 On 7/12/07, the Chicago Board of Trade (CBOT) became a subsidiary of CME Group Inc. CBOT was originally organized as a grain cash market in 1848; the CBOT is generally considered to be the oldest organized futures exchange. In 1859, the CBOT was granted a charter by the Illinois legislature which, among other things, standardized grades and provided for inspectors of grain to be appointed by the CBOT, whose decisions were binding on members. In 1865, formal trading rules were instituted particularly concerning margin and delivery procedures. In 1877 the CBOT began publishing futures prices, and in 1883 the first clearing organization was established to clear CBOT contracts, initially on a voluntary basis. Under a clearing service agreement between CBOT and CME, most clearing functions for CBOT contracts are performed by CME. 1
New York Mercantile Exchange, Inc. Designated 12/21/2000 On August 22, 2008, The New York Mercantile Exchange (NYMEX) became a wholly-owned subsidiary of CME Group Inc. NYMEX was founded in 1872 as the Butter and Cheese Exchange of New York and became the NYMEX in 1882. Since 1994, the Commodity Exchange (COMEX) has operated as a subsidiary of NYMEX. 0
Pacific Futures Exchange Vacated 04/21/2008 On January 17, 2008, the Pacific Futures Exchange ( PFE) requested that the CFTC vacate PFEs contract market designation as of April 21, 2008. PFE has not been operational since PFE was orginally designated as a contract market on July 22, 1986. PFEs contract market designation was vacated, effective April 21, 2008. 1
Cantor Exchange, LLC Withdrawn 11/20/2008 On January 26, 2006, the Cantor Exchange (Cantor) requested a stay of the 180 day review period set forth in Section 6 of the Commodity Exchange Act. 7
NQLX LLC Futures Exchange Vacated 10/19/2010 On June 16, 2010, NYSE Euronext, the ultimate parent of NQLX requested that the status of NQLX as a designated contract market be vacated and set aside by the CFTC. Comments with respect to this request were due by August 6, 2010. NQLX was originally designated as a DCM in August 2001. On July 1, 2005, it met the definition of a "dormant" DCM and since that time has remained inactive. NQLX was merged into LIFFE Ventures in late 2010. 1
onExchange Board of Trade, Inc. Dormant 01/01/2004 onExchange Board of Trade (ONXBOT) was designated as a DCM on December 22, 2000. The original business plan was for an internet based electronic exchange, but ONXBOT has never commenced trading. 0
Milwaukee Grain Exchange Vacated 04/21/1975 Originally designated as the Milwaukee Chamber of Commerce. Futures trading was suspended in 1966. Originally Designated on 10/24/1922. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975 , the effective date of the CFTC Act of 1974 when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactive exchanges were effectively vacated as of 4/21/1975. 1
Chicago Rice and Cotton Exchange Vacated 11/08/1991 Originally designated as the New Orleans Commodity Exchange in 1981. The exchange moved to Chicago in 1983 and became the Chicago Rice and Cotton Exchange (CRCE). The CRCE was subsequently acquired by the MidAmerica Commodity Exchange (MidAm), which in turn was acquired by the Chicago Board of Trade in 1986. In 1991, the CRCE designation was vacated and its rough rice contract was transferred to the MidAm. 2
San Francisco Grain Exchange Vacated 04/21/1975 Originally designated as the San Francisco Chamber of Commerce in 1922 following passage of the Grain Futures Act which required grain exchanges to be designated as contract markets. It later was designated as the San Francisco Grain Exchange on February 28, 1938. The last trade occurred in 1940. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975 , the effective date of the CFTC Act of 1974 when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactive exchanges were effectively vacated as of 4/21/1975. 2
International Commercial Exchange Vacated 04/21/1975 Originally designated on 4/9/1971. It ceased operations in 1973 and former International Commercial Exchange traders were granted certain trading privileges on the New York Mercantile Exchange. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975 , the effective date of the CFTC Act of 1974 when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactie exchanges were effectively vacated as of 4/21/1975. 0
AMEX Commodities Corporation Dormant 01/01/2004 The AMEX Commodities Corporation (ACC) was designated as a contract market on February 15, 1985. ACC currently is not operational; there has been no activity on the ACC since 1986. 0
FMX Futures Exchange, L.P. Designated 04/20/2010 The CFTC issued an Order of Designation to FMX Futures Exchange, L.P. ("FMX") (formerly CX Futures Exchange, L.P. and originally Cantor Futures Exchange, L.P.) on April 20, 2010. On April 29, 2022, FMX filed a request to amend its Order of Designation to permit intermediated trading on a new "FMX Division" of the exchange. The Commission approved the request and issued an Amended Order of Designation to FMX on January 22, 2024. 5
Chicago Climate Futures Exchange, LLC Dormant 03/01/2013 The Chicago Climate Futures Exchange (CCFE) is wholly owned by Chicago Climate Exchange Inc (CCX). CCX previously filed a notice with the Commission to operate as an exempt commercial market (ECM). CCS announced plans to wind down operations in August of 2011. Effective as of February 28, 2012 there is no remaining open interest in contracts at CCFE and all contracts have been delisted. 1
Chicago Mercantile Exchange, Inc. Designated 12/21/2000 The Chicago Mercantile Exchange (CME) was originally known as the Chicago Butter and Egg Board, which was formed in 1898. It became the CME in 1919, trading futures on a variety of agricultural products. On 7/12/07, CME and the Chicago Board of Trade mergered, both becoming subsidiaries of CME Group Inc. 1