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ARTICLE · 11 OCTOBER 2014

New CME Rule Governing Disruptive Trading Practices

McGuireWoods LLP
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The Chicago Mercantile Exchange Inc., the Board of Trade of the City of Chicago Inc., the New York Mercantile Exchange Inc. and the Commodity Exchange Inc. announced that they were going to adopt new Rule 575, called Disruptive Practices Prohibited.

United StatesFinance and Banking
Jon Monna
Jon Monna

On August 28, 2014, the Chicago Mercantile Exchange Inc., the Board of Trade of the City of Chicago Inc., the New York Mercantile Exchange Inc. and the Commodity Exchange Inc. (collectively, the "Exchanges") announced that they were going to adopt new Rule 575, called Disruptive Practices Prohibited. Rule 575 was implemented on September 15, 2014. While the new Rule 575 merely codifies the Exchanges' existing rules, the new rule illustrates exactly what the Exchanges view as constituting disruptive order entry and trading practices. The Exchanges also released Market Regulation Advisory Notice RA 1405-5 (RA1405-5), which provides more guidance on what actions and behaviors will be deemed disruptive order entry and trading practices.

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