Industry Filings

Rules and Amendments Approved by the CFTC

Certified Rule Submissions

 

Date Approved

Trading
Facility

Description

Submission(s)

Remarks

07/03/07

CME

Live Cattle: Increase the Acceptable Weights for delivery cattle

CME submission received May 17, 2007

 

07/02/07

NYBOT

Cotton No. 2: Increase the Individual Non-Spot Month Speculative Position Limit

NYBOT submission received June 6, 2007

 

5/14/07

CBOT

Wheat: Change the delivery instrument from a warehouse receipt to a shipping certificate; increase the storage rate; increase rail load-out rates for Toledo and lower the vomitoxin limit for par delivery.

CBOT submission recv'd March 29, 2007;
CBOT supplemental submission recv'd April 23, 2007

 

2/21/07

CME

Live Cattle: Increases the speculative position limit for any individual non-spot contract month to 5,150 futures-equivalent contracts from 4,150 contracts.

2/23/07 b

 

2/20/07

CME

Lean Hogs: Increases the speculative position limit for any individual non-spot contract month to 4,100 futures-equivalent contracts from 3,350 contracts.

2/23/07 a

 

2/15/07

NYBOT

FCOJ-A: Establish a fixed price limit in place of a floating limit during such times when only the electronic market is open

2/12/07

 

1/11/07

NYBOT

Amends Bylaws and Rules in connection with merger of NYBOT and Intercontinental Exchange, Inc.

11/27/06 ;
Supplement 12/20/06 ;
Bernfeld Comment ;
Bernfeld Comment Attachment

 

1/11/07

NYBOT

Amends NYBOT summary action rules for access to the trading floor.

11/09/06

 

11/03/06

COMEX

Adds Steinweg Warehouse as a delivery facility for COMEX Grade One Copper futures contract.

09/29/06

 

07/24/06

NYMEX

Adds Scotia Mocatta Depository in Jamaica, New York, as a delivery facility for COMEX Gold and Silver futures contracts, and NYMEX Platinum and Palladium futures contracts.

06/28/06

 

07/24/06

KCBT

Adopts position limits for the wheat contracts, eliminating the hedge exemption for certain participants during the spot month and restricting speculative position holders from accumulating positions in excess of the spot month limit.

06/27/06

 

07/13/06

NYBOT

Increased the all-months-combined speculative limit to 5,000 futures-equivalent contracts from 4,500 futures-equivalent contracts for the cotton No. 2 futures and option contracts. The increase brings the Exchange limit up to the same level as the current Federal speculative limit.

06/16/06

 

04/28/06

NYBOT

Amend the FCOJ-A and FCOJ-B futures contracts by revising the performance bond and insurance requirements for Exchange licensed tank facility operators, deleting provisions for delivery of FCOJ in drums, and providing for the use of the Exchange's web-based commodity operations system, eCOPS.

04/06/06

 

04/27/06

NYMEX

Amendments to the Exchange’s Certificate of Incorporation and Bylaws resulting from NYMEX Holdings’ asset purchase agreement and merger with General Atlantic.

03/13/06

 

04/25/06

NYMEX

Clarify that, for purposes of reporting receipts and withdrawals of metals from Exchange-approved warehouses, the reported metals must be held in a warehouse specifically identified as a storage facility in the warehouse’s original application for regularity

03/31/06

 

04/25/06

CME

Increase the daily price limit for lean hog future to $.03 per pound from $.02 per pound, for application to all existing and newly listed contract months

03/29/06

 

03/13/06

CBOT

Amendments to the error trade policy to re-price (not bust) metals futures if full and mini-sized markets become disjointed and to prevents rejection of the trade if re-pricing is higher/lower than the limit order price or the trigger price of the sell/buy stop order.

01/27/06

 

02/16/06

CME

Increase the non-spot individual speculative position limit for lean hogs to 3,350 from 3,100 futures-equivalent contract units.

01/23/06

 

02/15/06

CME

Increase the non-spot individual speculative position limit for live cattle to 4,150 futures-equivalent contract units from 3,600 futures-equivalent contract units.

01/23/06

 

02/02/06

NYMEX

Amend the grade 1 copper futures contract by adding Owensboro Riverport Authority, Owensboro, KY, as an Exchange licensed warehouse and weighmaster.

01/04/06

 

01/30/06

CBOT

Amend the soybean oil futures contract by changing the last delivery day to the seventh business day following the last trading day, from the last business day of the month, and by lowering the maximum deliverable capacity at regular warehouses to 20 times a warehouse's registered daily rate of loading, from 30 times the daily loading rate.

12/15/05

 

01/02/06

CBOT

Amend the South American soybean futures contract by establishing a minimum initial issuance of 35,000 bushels of soybeans from regular shipping facilities.

11/18/05

 

12/30/05

CBOT

Amend the South American soybean futures contract to lower the premium for outstanding shipping certificates to 15/100 of one cent per bushel per day from 50/100 of one cent per bushel per day

11/15/05

 

12/06/05

COMEX

Add the Panama City Port Authority of Panama City, FL, to the list of Exchange-licensed warehouses and weighmasters for the grade 1 copper futures contract

10/28/05

 

12/05/05

HedgeStreet

Request to amend the Commission Order and to approve rules to broaden membership and allow a new class of members ("clearing members") to trade institutional size contracts ("iHedgelets") for traders’ own accounts and/or for customers’ accounts, with the clearing and settling of such iHedgelets being done in a manner other than on a fully collateralized basis prior to order execution.

Submission cover sheet;
Overview;
Chart of designation criteria;
Chart of Compliance with Core Principles;
HS rules (redline);
HS rules;
Submission for imarket;
Revised cover sheet;
Overview;
Revised chart of designation criteria;
Revised chart of Compliance with Core Principles;
Revised HS rules (redline);
Revised HS Rules;
Request for Approval Letter;
Request for Extension

 

11/17/05

CME

Increase the spot month speculative position limit for cash-settled butter futures to 100 contracts from 50 contracts

10/10/05

 

11/14/05

NYMEX

Add the Manfra, Tordella & Brookes, Inc. (“MTB”) vault facility located at 90 Broad Street, New York City, NY as a licensed depository for the gold, platinum and palladium futures contracts

10/18/05

 

11/02/05

NYBOT

Add the ports of Albany, NY and Baltimore, MD to the list of delivery points on the cocoa futures contract.

09/15/05

 

10/12/05

NYBOT

Adoption of a 10-cent per pound daily price limit to the nearby contract month at all times for the FCOJ futures contract. Currently, the nearby month trades at a 10-cent per pound daily price limit only on and after the first notice day of the spot contract month, and at a 5-cent per pound daily price limit otherwise.

09/15/05

 

09/07/05

NYMEX

Migration of trading of the Brent crude oil futures and option contracts and the Northwest Europe gas oil futures contract from the NYMEX designated contract market to NYMEX Europe Limited (NEL).

8/25/05 Amended Submission; 8/25/05 Amended Notice to Members;

8/22/05 Submission;

8/22/05 Notice to Members

NEL is a recently formed U.K. affiliate of NYMEX that has been approved by the U.K. Financial Services Authority ("FSA") as a U.K. recognized investment exchange ("RIE") in London. Relatedly, NYMEX filed a request to permit segregated funds treatment of NEL transactions

06/27/05

COMEX

Add Brinks Incorporated located in Springfield Gardens, NY to the list of Licensed Depositories and Weighmasters for silver.

06/03/05

 

06/24/05

COMEX

Add MetalStore LLC of Toledo, OH, to the list of Licensed Warehouses and the list of Licensed Weighmasters for copper, and to the list of Licensed Warehouses and Weighmasters for aluminum.

05/23/05

 

06/09/05

NYBOT

Adopt a spot month limit of 300 contracts, a single month limit of 2,500 contracts and an all-months-combined limit of 4,500 for the cotton #2 futures contract.

08/03/04

The CFTC adopted amendments to CFTC Regulation 150.2 to increase its speculative limits for selected agricultural commodities (Federal Register release). For comments received, see http://www.cftc.gov/foia/
comment04/foi04--006_1.htm

06/03/05

CBOT

Increase the single-month and all-months-combined speculative position limits for the corn, wheat, soybeans, soybean oil and soybean meal futures contracts.

03/30/04
05/13/04
05/17/05

The CFTC adopted amendments to CFTC Regulation 150.2 to increase its speculative limits for selected agricultural commodities (Federal Register release). For comments received, see http://www.cftc.gov/foia/
comment04/foi04--006_1.htm
.

04/18/05

CBOT

Provisions associated with demutualization of CBOT and implementation of a Holding Company Structure, including the Certificate of Incorporation, related bylaws, and Rulebook Chapters 1 through 5, 7, 9 and 9B.

03/04/05

 

03/24/05

CME

For the live cattle futures and option contracts, increase the individual non-spot month speculative position limit to 3,600 from 3,300 futures-equivalent contracts.

03/03/05

 

03/24/05

NYBOT

For the FCOJ futures and option contracts, increase the non-spot individual month speculative limit, to 3,200 contracts from 2,700 contracts, and the all months combined speculative limit, to 3,200 contracts from 3,000 contracts.

02/17/05

 

02/25/05

CME

Increase the non-spot individual month speculative position limit for the lean hogs future and option, to 3,100 contracts from 2,400 contracts.

02/01/05

 

12/13/04

COMEX

Modify the list of deliverable grade 1 copper brands by adding BHP Billiton Tintaya, SA to the list.

filing

 

12/13/04

COMEX

Modify the list of deliverable grade 1 copper brands by adding Noranda's NORANDA brand and delisting the CCR brand.

filing

 

12/10/04

NYMEX

Adopt a temporary incentive program in support of trading the Brent contract on the NYMEX Dublin floor.

filing

In its filing, NYMEX also self certified the rules to be implemented on 11/01/04.

12/10/04

NYMEX

Various rule changes to implement the new NYMEX Dublin, Ireland trading floor for trading in the Brent crude oil future; changes in listing procedures and trading hours for the Brent crude oil future; delisting of the NYMEX Brent option and WTI-Brent option contracts; changes to the terms of the Brent futures contract; and related rule revisions.

Cover letter;

Trading rules;

Changes to Brent futures contract; Membership applic. letter; Membership agreement; Membership applic. addendum

In its filing, NYMEX also self certified the rules to be implemented on 11/01/04. The
Irish Financial Services Regulatory Authority (IFSRA) submitted a
letter to the CFTC clarifying regulatory oversight of the Dublin trading floor.

12/03/04

NYMEX

Add ingots produced by Rustenburg Platinum Mines Limited, South Africa to the list of deliverable palladium brands.

filing;
extension of review period

 

10/18/04

KCBT

Adoption of new rule 102.01 pertaining to the recovery of legal defense costs.

08/31/04

 

10/18/04

KCBT

Adoption of rules and regulations to provide the necessary contractual, regulatory and operational framework governing the electronic trading of KCBT contracts on the CBOT’s ecbot system powered by LIFFE CONNECT.

08/31/04

 

09/16/04

NYMEX & COMEX

Amendments to the list s of approved refiners and brands by changing the PGP silver brand to “no longer in production” and by adding Heraeus Metal Processing, Inc. as an approved assayer/refiner for platinum and palladium.

08/11/04

 

09/13/04

HedgeStreet

Adopt definitions and enabling language to provide for the listing of variable payout Hedgelets.

 

HS requested confidential treatment of the filing.

08/09/04

NYBOT

Corrections to the text of by-laws previously approved by the CFTC.

06/23/04

In its filing, NYBOT also self certified the by-law corrections and implemented them on 06/24/04.

07/19/04

NYBOT

Increase the single non-spot month spec limit for the FCOJ-A futures contract, to 2,700 from 1,800 futures-equivalent contracts.

06/10/04

 

07/16/04

NYBOT

Raise the daily price limit for the cotton No. 2 futures contract to 4 cents from 3 cents if either of the two contract months with the largest open interest settles at a trigger price of 84 cents per pound or higher, rather than the current trigger of $1.10 or higher.

06/10/04
06/15/04

 

06/28/04

CBOT wheat and mini wheat futures

Increase to 600 contracts the speculative position limits for the wheat and mini wheat futures contracts applicable during the last five trading days of the March contract month and adopt a schedule of lower limits, based on reported stocks, for the May contract month.

04/29/04
05/17/04
06/10/04

The CBT agreed to an extension of the review period to 6/28/04.

06/21/04

NYMEX platinum & palladium and COMEX gold futures

Add a new carrier, VIA MAT International (USA), Inc., to the list of approved carriers.

05/06/04

 

06/09/04

CSCE and NYCE

Transfer of CSCE's and NYCE's existing contract market designations to the NYBOT and that the new by-laws, Chapter 1 (definitions), Chapter 2 (membership) and rule 6.41 of NYBOT be approved.

CSCE and NYCE each also submitted the Consolidated NYBOT Rulebook by self-certification to be effective 06/09/2004.

CSCE;
NYCE;
NYBOT;
NYBOT by-laws;
NYBOT Chapter 1;
Chapter 2;
Rule 6.41;

Representations

The submission was made in connection with the merger of CSCE and NYCE with and into NYBOT, effective June 10, 2004. As a result, CSCE and NYCE no longer exist; NYBOT is the sole surviving entity and the successor to CSCE and NYCE.

05/24/04

CME

Change the USDA report used to determine quality premiums and discounts for live cattle futures deliveries to the "5-Area Weekly Weighted Average Direct Slaughter Cattle--Premiums and Discounts" report from the "National Weekly Direct Slaughter Cattle--Premiums and Discounts" report.

04/08/04

 

04/30/04

COMEX silver future

Add a new deliverable brand produced by PAMP-SA.

submission

 

02/18/04

NYMEX platinum and palladium futures

Add palladium ingots produced by Engelhard Corp. as acceptable for delivery; transfer back to Engelhard Corp. the good delivery status previously accorded to Engelhard-CLAL for platinum ingots produced at Engelhard's Carteret, New Jersey facility; and delist the Engelhard-CLAL-New York venture located in Carteret, NJ as an Assayer/Refiner for both contracts.

submission

 

02/13/04

CME live cattle and feeder cattle futures

Increase the daily price limit to 3 cents/lb. from 1.5 cents/lb.

11/24/03 submission
12/11/03 submission
1/22/04 submission

CME requested extensions of the review period which originally ended on 01/08/04.
Comments received

02/12/04

MGE National Soybean, National Corn & National Wheat options

Delete gross nominal speculative position limits.

submission

 

02/06/04

CME live cattle future

Provide that cattle aged 30 months or more are not deliverable for either live or carcass delivery.

submission

Comments received: Caprock; Bartlett; TexasCattle; Enloe

01/26/04

CBT

Expand the permissible uses of the assignment trade mechanism to include transactions that correct broker errors.

10/30/03 submission; 12/11/03 submission

The 12/11/03 submission superseded the earlier 10/30/03 filing which was withdrawn.

01/20/04

OCX

Establish a safe harbor for inadvertent cross trades executed by market makers having appropriate “Chinese Wall” procedures.

submission

In its filing, OCX also self certified the rule amendment and implemented it on 12/08/03.

01/08/04

COMEX grade 1 copper future

Add the brand "LBF" produced by Compania Minera Falconbridge Lomas Bayas to the list of deliverable brands.

submission

 

12/19/03

COMEX aluminum future

Add Cottonwood Distribution Services, Inc. in Memphis, TN as a licensed warehouse and weighmaster.

submission

 

12/05/03

COMEX grade 1 copper future

Add the brand "ZALDIVAR" produced by the Compania Minera Zaldivar to the list of deliverable brands.

submission

 

11/20/03

COMEX grade 1 copper future

Add the brand PD*GO produced by Phelps Dodge Corporation to the list of deliverable brands.

submission

 

09/25/03

COMEX metal futures

Allow delivery at locations other than contract-specified locations with the mutual consent of the deliverer and receiver and require that payment for delivery metal be made by electronic transfer of funds.

submission

 

09/15/03

NYCE FCOJ future

Change the effective date when the spot month speculative position limit goes into effect, to the business day before first notice day from the second business day before first notice day.

submission

 

09/03/03

COMEX grade 1 copper future

Delete licensed warehouses in Norfolk, Virginia operated by Virginia International Terminals, Inc.

submission