SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-277

Organization: Chicago Mercantile Exchange Inc. ("CME")

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 07/03/23 Filing Description: Weekly Notification of 

Amendments Related to Product Terms and Conditions - Week of June 26, 2023

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: See filing. 
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

July 3, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(d) Notification. Chicago Mercantile Exchange Inc. (“CME” or 

“Exchange”) Weekly Notification of Amendments Related to Product Terms and 

Conditions.

CME Submission No. 23-277

Dear Mr. Kirkpatrick:

Pursuant to Commodity Futures Trading Commission (“CFTC” or “Commission”) Regulation 40.6(d), the 

Exchange submits this weekly notification of the following amendments related to product terms and 

conditions effective during the week of June 26, 2023.

Effective June 26, 2023, the Exchange implemented implied functionality for five (5) foreign exchange (FX) 

futures and related amendments to CME Rule 588.H. (“Globex Non-Reviewable Trading Ranges”) table 

(the “Table”). The initiative was originally certified with the Commission to be effective on January 23, 2023 

(see CME Submission 22-483 dated November 29, 2022). The marketplace was alerted of the amendments 

via Special Executive Report (“SER”) 9103RRRRR, which is attached hereto as Exhibit A.

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

or via e-mail at CMEGSubmissionInquiry@cmegroup.com.

Sincerely, 

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachment: Exhibit A – SER 9103RRRRR
3

Exhibit A

Special Executive Report

DATE: June 15, 2023

SER#: 9103RRRRR

SUBJECT: Implied Functionality Eligibility for Five (5) Foreign Exchange (FX) Futures 

Contracts

(SER 9103RRRRR supersedes SER 9103RRRR dated May 31, 2023 to advise of the new effective date 

of trade date Monday, June 26, 2023.)

Effective Sunday, June 25, 2023 for trade date Monday, June 26, 2023 Chicago Mercantile Exchange Inc. 

(“CME” or “Exchange”) will permit implied functionality for five (5) foreign exchange (FX) futures contracts 

listed in Table 1. below (the “Contracts”) for all outright and spread transactions in the first twelve (12) 

nearby months for trades on the CME Globex electronic trading platform (“CME Globex”).

Table 1.

Contract Title CME ClearPort Code / 

CME Globex Code Rulebook Chapter

British Pound Sterling/U.S. Dollar (GBP/USD) 

Futures

BP/6B 251

Canadian Dollar/U.S. Dollar (CAD/USD) Futures C1/6C 252

Japanese Yen/U.S. Dollar (JPY/USD) Futures J1/6J 253

Australian Dollar/U.S. Dollar (AUD/USD) Futures AD/6A 255

Euro/U.S. Dollar (EUR/USD) Futures EC/6E 261

As a result, CME will implement corresponding amendments to CME Rule 588.H. (“Globex Non-Reviewable 

Trading Ranges”) table (the “Table”) as more specifically described in Exhibit A below.

EXHIBIT A

CME Rulebook

Chapter 5

(“Trading Qualifications and Practices”)

Rule 588.H. (“Globex Non-Reviewable Trading Ranges”) Table

(additions underscored; deletions struck through)

Outrights Spreads

Instrument Globex 

Symbol

Globex NonReviewable Ranges 

(NRR)

NRR: 

Globex 

Format

NRR:Minimum 

Ticks

NRR: 

Globex 

Format

NRR: Outright 

Minimum 

Ticks

EUR/USD Futures 6E 0.00400 0.00005 80 0.00100 50

Each leg evaluated as an outright

CAD/USD Futures 6C 0.00400 0.00005 80 0.00100 50

Each leg evaluated as an outright

JPY/USD Futures 6J 0.0000400 0.0000005 80 0.0000100 50
4

Each leg evaluated as an outright

AUD/USD Futures 6A 0.00400 0.00005 80 0.0010 50

Each leg evaluated as an outright

GBP/USD Futures 6B 0.0040 0.0001 40 0.0010 20

Each leg evaluated as an outright

Please direct questions regarding this notice to:

Asia

Ravi Pandit +65 6593 5562 Ravi.Pandit@cmegroup.com

Europe

Phil Hermon +44 20 3379 3983 Phil.Hermon@cmegroup.com

Paul Houston +44 20 3379 3355 Paul.Houston@cmegroup.com

Chris Povey +44 20 3379 3080 Chris.Povey@cmegroup.com

U.S.

Emerson Eckhout +1 312 435 3781 Emerson.Eckhout@cmegroup.com

Sebastian Sierotnik +1 312 930 1312 Sebastian.Sierotnik@cmegroup.com