Rules and Amendments Approved by the CFTC
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Date Approved |
Trading |
Description |
Submission(s) |
Remarks |
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07/03/07 |
CME |
Live Cattle: Increase the Acceptable Weights for delivery cattle |
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07/02/07 |
NYBOT |
Cotton No. 2: Increase the Individual Non-Spot Month Speculative Position Limit |
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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; |
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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. |
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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. |
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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 |
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1/11/07 |
NYBOT |
Amends Bylaws and Rules in connection with merger of NYBOT and Intercontinental Exchange, Inc. |
11/27/06 ; |
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1/11/07 |
NYBOT |
Amends NYBOT summary action rules for access to the trading floor. |
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11/03/06 |
COMEX |
Adds Steinweg Warehouse as a delivery facility for COMEX Grade One Copper futures contract. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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 |
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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 |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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 |
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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 |
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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; |
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11/17/05 |
CME |
Increase the spot month speculative position limit for cash-settled butter futures to 100 contracts from 50 contracts |
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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 |
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11/02/05 |
NYBOT |
Add the ports of Albany, NY and Baltimore, MD to the list of delivery points on the cocoa futures contract. |
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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. |
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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; |
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 |
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06/27/05 |
COMEX |
Add Brinks Incorporated located in Springfield Gardens, NY to the list of Licensed Depositories and Weighmasters for silver. |
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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. |
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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. |
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/ |
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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. |
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/ |
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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. |
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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. |
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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. |
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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. |
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12/13/04 |
COMEX |
Modify the list of deliverable grade 1 copper brands by adding BHP Billiton Tintaya, SA to the list. |
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12/13/04 |
COMEX |
Modify the list of deliverable grade 1 copper brands by adding Noranda's NORANDA brand and delisting the CCR brand. |
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12/10/04 |
NYMEX |
Adopt a temporary incentive program in support of trading the Brent contract on the NYMEX Dublin floor. |
In its filing, NYMEX also self certified the rules to be implemented on 11/01/04. |
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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. |
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 |
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12/03/04 |
NYMEX |
Add ingots produced by Rustenburg Platinum Mines Limited, South Africa to the list of deliverable palladium brands. |
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10/18/04 |
KCBT |
Adoption of new rule 102.01 pertaining to the recovery of legal defense costs. |
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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. |
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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. |
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09/13/04 |
HedgeStreet |
Adopt definitions and enabling language to provide for the listing of variable payout Hedgelets. |
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HS requested confidential treatment of the filing. |
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08/09/04 |
NYBOT |
Corrections to the text of by-laws previously approved by the CFTC. |
In its filing, NYBOT also self certified the by-law corrections and implemented them on 06/24/04. |
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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. |
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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 |
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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. |
The CBT agreed to an extension of the review period to 6/28/04. |
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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. |
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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; |
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. |
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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. |
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04/30/04 |
COMEX silver future |
Add a new deliverable brand produced by PAMP-SA. |
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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. |
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02/13/04 |
CME live cattle and feeder cattle futures |
Increase the daily price limit to 3 cents/lb. from 1.5 cents/lb. |
CME requested extensions of the review period which originally ended on 01/08/04. |
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02/12/04 |
MGE National Soybean, National Corn & National Wheat options |
Delete gross nominal speculative position limits. |
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02/06/04 |
CME live cattle future |
Provide that cattle aged 30 months or more are not deliverable for either live or carcass delivery. |
Comments received: Caprock; Bartlett; TexasCattle; Enloe |
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01/26/04 |
CBT |
Expand the permissible uses of the assignment trade mechanism to include transactions that correct broker errors. |
The 12/11/03 submission superseded the earlier 10/30/03 filing which was withdrawn. |
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01/20/04 |
OCX |
Establish a safe harbor for inadvertent cross trades executed by market makers having appropriate “Chinese Wall” procedures. |
In its filing, OCX also self certified the rule amendment and implemented it on 12/08/03. |
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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. |
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12/19/03 |
COMEX aluminum future |
Add Cottonwood Distribution Services, Inc. in Memphis, TN as a licensed warehouse and weighmaster. |
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12/05/03 |
COMEX grade 1 copper future |
Add the brand "ZALDIVAR" produced by the Compania Minera Zaldivar to the list of deliverable brands. |
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11/20/03 |
COMEX grade 1 copper future |
Add the brand PD*GO produced by Phelps Dodge Corporation to the list of deliverable brands. |
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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. |
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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. |
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09/03/03 |
COMEX grade 1 copper future |
Delete licensed warehouses in Norfolk, Virginia operated by Virginia International Terminals, Inc. |
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