Market Surveillance

The Market Surveillance team is principally responsible for protecting the economic functioning of exchange markets by ensuring the markets are free from manipulation or other circumstances that have the potential to distort prices or otherwise affect the orderly trading and expiration of exchange contracts.

To stay up-to-date and in compliance with the changing regulatory environment

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Market Surveillance is responsible for: 

  • Monitoring reported large trader positions and physical market prices, fundamentals, and news
  • Detecting, deterring, and preventing market manipulation
  • Ensuring orderly liquidation of contracts
  • Reviewing compliance with CFTC and Exchange-imposed position limits
  • Reviewing requests for hedge and other types of position limit exemptions
  • Reviewing positions exceeding position accountability levels
  • Monitoring deliveries in cooperation with CME Clearing
  • Reviewing New Products – including the onboarding and inspection of delivery facilities by the Registrar Office

At the conclusion of a surveillance review or investigation, the Surveillance team will determine whether there is reason to believe a rule violation has occurred. If the team determines no violation occurred, the matter will be closed administratively with no action taken. If the team determines there is reason to believe a rule violation has occurred but that the circumstances do not warrant formal disciplinary action, the matter may be closed administratively or closed with the issuance of a letter of warning. Certain violations may warrant summary fines pursuant to Rule 512. Alternatively, if the team determines the circumstances warrant formal disciplinary action, the matter will be formally referred to the Market Regulation Enforcement team.

For full details of prohibited practices, consult our Exchange-Specific Rulebooks and Market Regulation Advisory Notices. For questions about Exchange rules, call the Market Regulation Department at +1 312 341 7970 or email MarketReg.Outreach@cmegroup.com.

You can also self-report a position limit violation or other potential violation.

Additional Information

Contact Us

If you have questions for the Market Surveillance team, contact the Market Regulation Department
+1 312 341 7970

For questions related to CME Globex, contact
CME Globex GCC

CME Globex Customer support is available 24 hours a day, from 2:00 p.m. Sunday through 4:30 p.m. Friday, Central time.

United States: +1 800 438 8616
Europe: +0800 898 013

Asia: +65 6532 5010
gcc@cmegroup.com

 

More in Market Regulation

    • Market Regulation Home

    • The Market Regulation Department works to protect the integrity of the Exchange markets and their participants.

    • Data Investigations

    • The Data Investigations team works to ensure the accuracy of trade data, and compliance with audit trail requirements.

    • Investigations

    • The Investigations team works to detect and investigate potential trade practice violations.

    • Enforcement

    • The Market Regulation Enforcement team aims to resolve rule violations via each Exchange’s disciplinary process.

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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