SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested

Registered Entity Identifier Code (optional): 16-342

Organization: The Board of Trade of the City of Chicago, Inc. ("CBOT")

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): August 19, 2016 Filing Description: Implementation of the EU 

Wheat Fee Discount Program

SPECIFY FILING TYPE 

Please note only ONE choice allowed per Submission.

Organization Rules and Rule Amendments

Certification § 40.6(a)

Approval § 40.5(a)

Notification § 40.6(d)

Advance Notice of SIDCO Rule Change § 40.10(a)

SIDCO Emergency Rule Change § 40.10(h)

Rule Numbers: Not Applicable

New Product Please note only ONE product per Submission.

Certification § 40.2(a) 

Certification Security Futures § 41.23(a)

Certification Swap Class § 40.2(d)

Approval § 40.3(a)

Approval Security Futures § 41.23(b)

Novel Derivative Product Notification § 40.12(a)

Swap Submission § 39.5

Official Product Name: 

Product Terms and Conditions (product related Rules and Rule Amendments)

Certification § 40.6(a) 

Certification Made Available to Trade Determination § 40.6(a)

Certification Security Futures § 41.24(a)

Delisting (No Open Interest) § 40.6(a) 

Approval § 40.5(a)

Approval Made Available to Trade Determination § 40.5(a)

Approval Security Futures § 41.24(c)

Approval Amendments to enumerated agricultural products § 40.4(a), § 40.5(a)

“Non-Material Agricultural Rule Change” § 40.4(b)(5)

Notification § 40.6(d)

Official Name(s) of Product(s) Affected: 

Rule Numbers: 
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 299 2299 christopher.bowen@cmegroup.com cmegroup.com

Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

August 19, 2016

VIA ELECTRONIC PORTAL

Christopher J. Kirkpatrick 

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

RE: Implementation of the EU Wheat Fee Discount Program

CBOT Submission No. 16-342

Dear Mr. Kirkpatrick:

The Board of Trade of the City of Chicago, Inc. (“CBOT” or “Exchange”) hereby notifies the Commodity Futures 

Trading Commission (“CFTC” or “Commission”) of plans to implement the EU Wheat Fee Discount Program

(“Program”). The proposed Program will become effective on September 12, 2016. 

Exhibit 1 sets forth the terms of this Program.

CBOT reviewed the designated contract market core principles (“Core Principles”) as set forth in the Commodity 

Exchange Act (“CEA”). During the review, CBOT staff identified the following Core Principles as potentially being 

impacted; Prevention of Market Disruption, Execution of Transactions, Protection of Market Participants, Compliance 

with Rules, and Recordkeeping.

The Program does not impact the Exchange’s ability to perform its trade practice and market surveillance obligations 

under the CEA. The Exchange’s market regulation staff will monitor trading in the Program’s products to prevent 

manipulative trading and market abuse. Additionally, the Exchange has implemented systems to track Program 

participants’ volume to ensure proper distribution of earned incentives. The incentives in the Program do not impact 

the Exchange’s order execution. All market participants that execute trades in the products shall be entitled to 

participate. Chapter 4 of the Exchange rules includes prohibitions against fraudulent, non-competitive, unfair or 

abusive practices. The Program is subject to these rules and the Exchange’s record retention policies which comply 

with the CEA.

CBOT certifies that the Program complies with the CEA and the regulations thereunder. There were no substantive 

opposing views to this Program.

The Exchange certifies that this submission has been concurrently posted on the Exchange’s website at 

http://www.cmegroup.com/market-regulation/rule-filings.html.

If you require any additional information regarding this submission, please e-mail 

CMEGSubmissionInquiry@cmegroup.com or contact Rachel Johnson at 312-466-4393 or via e-mail at 

Rachel.Johnson@cmegroup.com. Please reference our CBOT Submission No. 16-342 in any related 

correspondence.

Sincerely,

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel 

Attachment: Exhibit 1
EXHIBIT 1

EU Wheat Fee Discount Program

Program Purpose 

The purpose of this Program is to incentivize market participants to trade EU Wheat futures and options 

products on the CME Globex Platform and via open outcry on the CBOT trading floor. The resulting 

liquidity for EU Wheat futures and options products benefits all participant segments in the market. 

Product Scope

EU Wheat futures and options products that are traded on the CME Globex Platform, the CBOT trading 

floor, or are submitted for clearing via CME ClearPort (“Products”).

Eligible Participants

There is no limit to the number of participants that may participate in the Program. Participants may be 

CBOT members or non-members. 

Program Term 

Start date is September 12, 2016. End date is March 10, 2017.

Hours

N/A

Incentives

Fee Waivers: Member participants will receive fee waivers for all transaction fees, EFP, EFRP, and block 

trade surcharges in the Products.

Fee Discounts: Non-member participants will receive discounted fees of $0.01 for all transaction fees, 

EFP, EFRP, and block trade surcharges in the Products.