• Amendment to Rule 535 (Responsibility of Floor Traders and Floor Brokers)

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7352
      • Notice Date
      • 06 May 2015
      • Effective Date
      • 20 May 2015

    • Pending all relevant regulatory review periods, effective May 20, 2015, CME, CBOT, NYMEX and COMEX (collectively, the “Exchanges”) will amend Rule 535 (“Responsibility of Floor Traders and Floor Brokers”) to eliminate a reference to fines that would be assessed in circumstances where a floor broker or floor trader failed to have a designated representative available on the trading floor to resolve outtrades from the previous trading day.  The number of unmatched trades has significantly decreased and fines pursuant to the Rule have not been assessed for many years.

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