CFTC Issues Order Permitting the CME to Commingle Certain Customer Funds

The CFTC issued an amended order that allows the Chicago Mercantile Exchange, a derivatives clearing organization (“CME”), to commingle certain customer funds used to margin, secure, or guarantee futures contracts, with customer funds related to contracts that are listed or will be listed on the Dubai Mercantile Exchange (“DME”). The order was expanded to include certain DME-listed products in the energy sector.

The customer funds must be held in accounts segregated in accordance with CEA Sections 4d(a) and (b). CME clearing members that are futures commission merchants also may commingle funds consistent with the amended order.

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