• Exchange for Related Positions

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME, CBOT, NYMEX & COMEX RA1311-5
      • Notice Date
      • 14 April 2014
      • Effective Date
      • 02 June 2014
    • Effective on June 2, 2014, this Advisory Notice shall supersede CME Group Market Regulation Advisory Notice RA1006-5 issued on June 11, 2010.   The Advisory Notice is being issued to advise market participants of amendments to CME Group Exchanges’ Rule 538 (“Exchange for Related Positions”) and associated interpretative guidance which govern the execution of Exchange for Physical (EFP), Exchange for Risk (EFR) and Exchange of Options for Options (EOO) transactions - collectively referred to as Exchange for Related Position (“EFRP”) transactions.

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