SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-071

Organization: Chicago Mercantile Exchange Inc. (“CME”)

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 03/01/23 Filing Description: Expansion of the Listing Schedule of the 

Three-Month SOFR Futures Contract

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: 

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

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: See filing.

Rule Numbers: CME Chapter 460.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

1

Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

March 1, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

3 Lafayette Center

1155 21st Street NW

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Expansion of the Listing Schedule of the 

Three-Month SOFR Futures Contract.

CME Submission No. 23-071

Dear Mr. Kirkpatrick:

Chicago Mercantile Exchange Inc. (“CME” or “Exchanges”) certifies to the Commodity Futures Trading Commission 

(“CFTC” or “Commission”) the expansion of the listing schedule of the Three-Month SOFR Futures contract (the 

“Contract”) for trading on the CME Globex electronic trading platform (“CME Globex”) and for submission for clearing 

via CME ClearPort as noted in the table below effective Sunday, March 19, 2023, for trade date Monday, March 20, 

2023. 

Contract Title Commodity 

Code

Rulebook

Chapter

Current

Listing 

Schedule

Expanded

Listing

Schedule

Three-Month SOFR 

Futures

SR3 460

Quarterly contracts (Mar, 

Jun, Sep, Dec) listed for 

41 consecutive quarters 

and the nearest 4 serial 

contract months

Quarterly contracts (Mar, 

Jun, Sep, Dec) listed for 41

consecutive quarters and 

the nearest 6 serial contract 

months

The listing schedule of the Contract currently provides that quarterly contracts will be listed for forty-one (41) months 

but is limited to serial contracts listed for four (4) months. Effective on trade date March 20, 2023, in addition to the 

forty-one (41) consecutive quarters, the Exchange will expand the listing schedule of serial contracts from (4) to (6) 

months (collectively, the “Rule Amendments”). 

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

Commodity Exchange Act (“CEA” or “Act”) and identified that the Rule Amendments may have some bearing on the 

following Core Principles: 

• Daily Publication of Trading Information: CME will continue to publish contract trading volumes, open 

interest levels, and price information daily on its website.

• Execution of Transactions: The Exchange will continue to provide a competitive, open, and efficient market 

and mechanism for executing transactions that protects the price discovery process of trading the Contract.

• Availability of General Information: The Exchange will release a Special Executive Report (“SER”)

regarding the Rule Amendments to ensure notification to market participants. The SER will also be posted on 

the CME Group website.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

2

Pursuant to Section 5c(c) of the Act and Regulation 40.6(a), the Exchange certifies that the Rule Amendments comply 

with the Act, including all regulations thereunder. There were no substantive opposing views to this proposal.

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

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

Should you have any questions concerning the above, please contact the undersigned at (212) 299-2200 or 

CMEGSubmissionInquiry@cmegroup.com. 

 

Sincerely,

 /s/ Christopher Bowen

 Managing Director and Chief Regulatory Counsel