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Cantor Futures Exchange, L.P. 

Rule Amendment Submission 

July 31, 2015

1. The text of the rule changes to the Cantor Futures Exchange, L.P. Rulebook is attached. 

Additions are underlined and deletions are stricken through. This rule has been approved by 

Cantor Futures Exchange, L.P. Capitalized terms, unless otherwise defined herein shall possess 

the meaning(s) ascribed in the Cantor Futures Exchange, L.P. Rulebook.

2. The proposed effective date is ten business days after receipt by the Commodity Futures 

Trading Commission of this submission. 

3. Attached, please find a certification that: (1) these rules comply with the Commodity 

Exchange Act, and the Commission’s regulations thereunder; and (2) concurrent with this 

submission, Cantor Futures Exchange, L.P. posted on its website: (i) a notice of pending 

certification of the rule submissions with the Commission; and (ii) a copy of this submission.

4. A concise explanation and analysis of the operation, purpose, and effect of the amended 

rule appears below.

5. There were no opposing views expressed regarding these amended rules.

CONCISE EXPLANATION AND ANALYSIS OF THE OPERATION, PURPOSE, AND 

EFFECT OF THE CERTIFIED RULE AND ITS COMPLIANCE WITH APPLICABLE 

PROVISIONS OF THE ACT, INCLUDING CORE PRINCIPLES AND THE COMMISSION’S 

REGULATIONS THEREUNDER

Pursuant to Commission Rule 40.6(a)(7)(vi), the following is a concise explanation and analysis 

of the operation, purpose, and effect of the amended rules.

Chapter III-1(f) of the Cantor Futures Exchange, L.P. (“CX”) Rulebook currently prohibits

“employees, officers or directors of the Exchange or its Affiliates or the Immediate Family 

Members of any of the foregoing” from trading on CX. CX proposes to amend this provision to

adhere more closely to the language of Commission Rule 1.59(b). 

“Employees” of the Exchange include any person who carries out functions for the Exchange 

either as a direct employee or as an employee of the Exchange operating under a full or part-time 

secondment arrangement. The amendment clarifies that “agents” of CX are also prohibited from 

trading “directly or indirectly” on CX or doing so on a designated contract market or swap 

execution facility other than CX when such person has access to material non-public 

information. “Agents” include any person acting in the capacity as a consultant, contractor or 

other person carrying out any function for the exchange that could be carried out by an exchange 

employee. “Agents” may include persons that are external to the exchange and its affiliates or 

who are carrying on such activities on behalf of an affiliate of the Exchange. Although the 

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Attachment — Rule Amendment

(deletions are struck through, additions are underlined)

III-1. Participants and Trading Accounts

...

(f) For the avoidance of doubt, and notwithstanding anything to the contrary in these Rules, 

under no circumstances shall any employees, officers, or directors or agents of the Exchange or 

its Affiliates or the Immediate Family Members of any of the foregoing be permitted to have 

Trading Privileges. Provided however, Affiliates that have been designated as Market Makers or 

that intend to transact qualified hedge transactions as defined under Rule IV-12(b) may be 

permitted to have Trading Privileges and to designate employees as Authorized Traders in 

connection with such Market Maker or hedge transactions.:

(i) trade directly or indirectly in any commodity interest traded on the Exchange or 

cleared by its clearinghouse, or in a related commodity interest; or

(ii) trade directly or indirectly in a commodity interest traded on a designated contract 

market or swap execution facility other than the Exchange or cleared by a derivatives clearing 

organization other than the Exchange’s clearinghouse, if the employee, officer or director has 

access to material non-public information concerning such commodity interest.