Release Number 7661-17

December 14, 2017

CFTC Seeks Public Comment on Proposed Changes to Chicago Mercantile Exchange Inc. Rules Regarding Direct Funding Participants

Washington, DC — The Commodity Futures Trading Commission (CFTC) is requesting public comment on proposed rule changes submitted by Chicago Mercantile Exchange Inc. (CME) under CFTC Regulation 40.10. Comments regarding the submission should be submitted on or before January 12, 2018.

According to CME’s submission, the proposed rule changes would create a new type of clearing membership, allowing a “direct funding participant” (DFP) to clear trades for its own account directly with CME, without becoming a full clearing member. To participate, a DFP’s obligations to CME arising from its clearing activity must be guaranteed by at least one other clearing member that is registered with the CFTC as a futures commission merchant and entitled to directly clear the relevant products.

Comments may be submitted electronically through the CFTC’s Comments Online process. All comments will be posted on the CFTC’s website.

Last Updated: December 14, 2017