ActiveUS 145950269v.1

Cantor Futures Exchange, L.P. 

Rule Amendment Submission 

June 11, 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-3 of the Cantor Futures Exchange, L.P. (“CX”) Rulebook requires that each 

applicant, in order to become a Participant of CX, maintain a United States bank account. CX 

adopted this provision for ease of administration of the exchange and not in fulfillment of any 

statutory or regulatory provision or requirement. 

CX has now determined that it will be able to process funds from a wider variety of sources and, 

therefore, does not wish to maintain this eligibility requirement. Accordingly, CX is removing 

the requirement that applicants maintain a bank account in the United States. Going forward, 

CX intends to determine that each applicant has a means of transferring funds to and receiving 

funds from the exchange (and its DCO) that is technically acceptable to CX. 

CX has reviewed the Core Principles for Designated Contract Markets under section 5 of the 

Commodity Exchange Act, 7 U.S.C § 7 et seq. (“Act”) and has determined this change will not 

impact CX’s ability to comply with the Core Principles. 

ActiveUS 145950269v.1

Attachment —Rule Amendment

(deletions are struck through)

III-3. Eligibility

. . . 

(c) Each applicant to become a Participant that is a natural person must: (A) have a mechanism 

that is acceptable for transferring funds to and receiving funds from the applicant’s Clearing 

Account maintain a United States bank account in his or her own name that the applicant will use 

to receive funds from the applicant’s Participant Clearing Account and as a vehicle for funding 

the applicant’s Participant Clearing Account, (B) have attained the age of majority in the 

individual’s place of residence, (C) appoint one or more Authorized Traders pursuant to Rule III2, and (D) satisfy such other requirements or criteria as may from time to time be adopted by the 

Exchange.

(d) Each applicant to become a Participant that is an Entity must: (A) be duly organized and in 

good standing in its jurisdiction of organization, (B) have a mechanism that is acceptable for 

transferring funds to and receiving funds from the applicant’s Clearing Account maintain a 

United States bank account in the name of the entity that the applicant will use to receive funds 

from the applicant’s Participant Clearing Account, (C) have the legal authority and be duly 

authorized and empowered to become a Participant and to effect transactions on the Exchange, 

(D) appoint one or more Authorized Traders pursuant to Rule III-2, and (E) satisfy such other 

requirements or criteria as may from time to time be adopted by the Exchange.