SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-415

Organization: Commodity Exchange, Inc. ("COMEX")

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 10/10/23 Filing Description: Expansion of Trading at Settlement 

(TAS) Eligibility of the Gold 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: See filing.

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: 

Rule Numbers: 
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

October 10, 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(a) Certification. Expansion of Trading at Settlement (TAS) 

Eligibility of the Gold Futures Contract.

COMEX Submission 23-415

Dear Mr. Kirkpatrick:

The Commodity Exchange, Inc. (“COMEX” or “Exchange”) is certifying to the Commodity Futures Trading 

Commission (“CFTC” or “Commission”) amendments to the Trading at Settlement (“TAS”) Table (the 

“Table”) located in Chapter 5 (“Trading Qualifications and Practices”) to expand TAS eligibility for the Gold 

Futures contract noted in Table 1. below (the “Contract”) for trading on CME Globex electronic trading 

platform and for submission for clearing via CME ClearPort effective on Sunday, November 5, 2023, for 

trade date Monday, November 6, 2023. In addition, spread functionality will be permitted for all 

combinations of TAS eligible contract months of the Contract (collectively, the “Rule Amendments”).

Contract Title Rulebook 

Chapter

CME 

Globex 

and

CME 

ClearPort 

Code

TAS 

Code

Current

TAS Eligible 

Expanded

TAS Eligible

Gold Futures 113 GC GCT

TAS transactions are 

permitted in the first, 

second, third, fourth and 

fifth active contract 

months.

 

The active contract 

months are February, 

April, June, August, and 

December

TAS transactions are 

permitted in the first, 

second, third, fourth 

and fifth active 

contract months. 

 

The active contract 

months are February, 

April, June, August, 

October, and 

December

The Rule Amendments to the Table are provided in Exhibit A attached with additions underscored, and 

deletions struck through.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

2

The Exchange conducted an analysis of liquidity of the affected contract month and determined that the 

expansion of TAS eligibility for the Contract is appropriate at this time. Additional information regarding 

TAS transactions may be viewed HERE.

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:

• Availability of General Information: The Exchange shall publish information regarding the Rule 

Amendments via a Special Executive Report (“SER”) to notify the marketplace. The SER will also 

be posted on the CME Group website.

• Contracts Not Readily Subject to Manipulation: A review of the Contract shows that there is 

sufficient liquidity on CME Globex to support expanded TAS eligibility for the Contract. The 

Exchange continues to be of the belief that the Contract is not subject to manipulation.

• Daily Publication of Trading Information: The Exchange shall make public daily information on 

settlement prices, volume, open interest, and opening and closing ranges for the Contract.

• Compliance with Rules: The Exchange shall continue its normal practice to establish, monitor 

and enforce compliance with the rules of the Contract including the Rule Amendments.

• Execution of Transactions: The Exchange will continue its current practice of providing a 

competitive, open, and efficient market mechanism for executing transactions in the Contract.

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

Amendments comply with the Act, including regulations under the Act. There were no substantive opposing 

views to the Rule Amendments.

The Exchange certifies that this submission has been concurrently posted on the CME Group website at 

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

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 – Amendments to the Trading at Settlement Table Located in COMEX

Chapter 5 (“Trading Qualifications and Practices”)
3

EXHIBIT A

COMEX Rulebook

Chapter 5

(“Trading Qualifications and Practices”)

Trading at Settlement (“TAS”) Table

(additions underscored; deletions struck through)

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

COMEX

Gold (GCT)

Feb* Apr Apr* Jun Jun* Aug Aug* Oct Oct Dec Dec* Feb

Apr Jun Jun Aug Aug Oct Oct Dec Dec Feb Feb Apr

Jun Aug Aug Oct Oct Dec Dec Feb Feb Apr Apr Jun

Aug Oct Oct Dec Dec Feb Feb Apr Apr Jun Jun Aug

Oct Dec Dec Feb Feb Apr Apr Jun Jun Aug Aug Oct

Dec Feb Feb Apr Apr Jun Jun Aug Aug Dec

Feb-Apr Apr-Jun Apr-Jun Jun-Aug Jun-Aug Aug-Oct Aug-Oct Oct-Dec Oct-Dec Dec-Feb Dec-Feb Feb-Apr

Feb-Jun Apr-Aug Apr-Aug Jun-Oct Jun-Oct Aug-Dec Aug-Dec Oct-Feb Oct-Feb Dec-Apr Dec-Apr Feb-Jun

Feb-Aug Apr-Oct Apr-Oct Jun-Dec Jun-Dec Aug-Feb Aug-Feb Oct-Apr Oct-Apr Dec-Jun Dec-Jun Feb-Aug

Feb-Oct Apr-Dec

Apr-Feb

Apr-Dec

Apr-Feb

Jun-Feb

Jun-Apr

Jun-Feb

Jun-Apr

Aug-Apr

Aug-Jun

Aug-Apr

Aug-Jun Oct-Jun Oct-Jun Dec-Aug Dec-Aug Feb-OctFeb-Dec

Feb-Dec

Apr-Jun Jun-Aug Jun-Aug Aug-Oct Aug-Oct Oct-Dec Oct-Dec Dec-Feb Dec-Feb Feb-Apr Feb-Apr Apr-Jun

Apr-Aug Jun-Oct Jun-Oct Aug-Dec Aug-Dec Oct-Feb Oct-Feb Dec-Apr Dec-Apr Feb-Jun Feb-Jun Apr-Aug

Apr-Oct Jun-Dec

Jun-Feb

Jun-Dec

Jun-Feb

Aug-Feb

Aug-Apr

Aug-Feb

Aug-Apr Oct-Apr Oct-Apr Dec-JunDec-Aug

Dec-Jun

Dec-Aug Feb-Aug Feb-Aug Apr-OctApr-Dec

Apr-Dec

Jun-Aug Aug-Oct Aug-Oct Oct-Dec Oct-Dec Dec-Feb Dec-Feb Feb-Apr Feb-Apr Apr-Jun Apr-Jun Jun-Aug

Jun-Oct Aug-Dec

Aug-Feb

Aug-Dec

Aug-Feb Oct-Feb Oct-Feb

Dec-Apr

Dec-Jun

Dec-Apr

Dec-Jun

Feb-Jun

Feb-Aug

Feb-Jun

Feb-Aug Apr-Aug Apr-Aug Jun-OctJun-Dec

Jun-Dec

Aug-Oct

Aug-Dec

Oct-Dec

Dec-Feb

Oct-Dec

Dec-Feb

Dec-Feb

Dec-Apr

Dec-Feb

Dec-Apr

Feb-Apr

Feb-Jun

Feb-Apr

Feb-Jun

Apr-Jun

Apr-Aug

Apr-Jun

Apr-Aug Jun-Aug Jun-Aug Aug-OctAug-Dec

Gold Futures: Trading at Settlement (TAS) is allowed in the first, second, third, fourth and fifth nearby 

active contract months (Feb, Apr, Jun, Aug, Oct, Dec)