Electronic trading facilities that execute principal-to-principal transactions between eligible commercial entities in exempt commodities may operate as ECMs as set forth under the CEA and the Commission’s regulations. An ECM is subject to anti-fraud and anti-manipulation provisions and a requirement that, if performing a significant price discovery function, the ECM must provide pricing information to the public. A facility that elects to operate as an ECM must give notice to the Commission and comply with certain information, record-keeping, and other requirements. An ECM is prohibited from claiming that the facility is registered with, or recognized, designated, licensed or approved by, the Commission. A total of 24 ECMs have filed notices with the Commission and 19 were active in FY 2008.
Exempt Commercial Markets | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
---|---|---|---|---|---|---|
CCX | ![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
CDXchange | ![]() |
![]() |
![]() |
![]() |
||
ChemConnect | ![]() |
![]() |
||||
EOXLIVE | ![]() |
|||||
Flett | ![]() |
![]() |
||||
GFI (Energy Match) | ![]() |
![]() |
||||
HSE | ![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
ICAP | ![]() |
![]() |
![]() |
|||
ICAP ETC | ![]() |
![]() |
![]() |
|||
ICAP HYDE | ![]() |
![]() |
![]() |
|||
ICE | ![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
IMAREX | ![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
LiquidityPort (Options ATS) | ![]() |
![]() |
||||
NGX | ![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
NEX | ![]() |
![]() |
||||
NTP | ![]() |
![]() |
![]() |
|||
OPEX | ![]() |
![]() |
![]() |
![]() |
![]() |
|
Parity | ![]() |
|||||
SL | ![]() |
![]() |
![]() |
![]() |
![]() |
|
TCX | ![]() |
![]() |
![]() |
![]() |
||
TFS | ![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
TFSE | ![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
TFSC | ![]() |
|||||
TS | ![]() |
![]() |
![]() |
![]() |
||
TOTAL | 11 | 11 | 12 | 17 | 19 | 19 |