SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 20-173 (2 of 2)

Organization: Chicago Mercantile Exchange Inc ("CME")

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 09/02/20 Filing Description: Addition of the CME Globex Electronic 

Trading Venue for all Options on Weather Futures Contracts and Related Administrative 

Amendments to Certain Product Chapters

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.
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Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

September 2, 2020

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

Re: CFTC Regulation 40.6(a) Certification. Notification Regarding Addition of the CME 

Globex Electronic Trading Venue for all Options on Weather Futures Contracts and 

Related Administrative Amendments to Certain Product Chapters.

CME Submission No. 20-173 (2 of 2)

Dear Mr. Kirkpatrick:

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

Commission (“CFTC” or “Commission”) the addition of the CME Globex electronic trading platform (“CME 

Globex”) for all options on Weather futures contracts (the “Contracts”) and related administrative 

amendments to certain product chapters noted in Exhibit A below effective Sunday, September 20, 2020, 

for trade date Monday, September 21, 2020. 

Also at this time, the Exchange will implement related administrative amendments to the Exercise Price 

rules of certain product rulebook chapters noted in Exhibit B below to clarify that eligible put and call options 

of the Contracts are listed dynamically. The related Exchange fees are set forth in Exhibit C below. Related 

amendments to CME Rule 588.H. (“Globex Non-Reviewable Trading Ranges”) table (the “Table”) are 

provided in Exhibit D. below (collectively, the “Rule Amendments”).

CME Globex trading hours: Sunday - Friday 5:00 p.m. - 3:15 p.m. Central Time/CT

 (daily trading halts between 3:15 p.m. - 5:00 p.m. CT)

CME ClearPort trading hours: Sunday 5:00 p.m. - Friday 5:45 p.m. CT

 (no reporting Monday – Thursday 5:45 p.m. – 6:00 p.m. CT)

The Exchange reviewed the designated contracts 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 will make issue a Special Executive Report 

(“SER”) to the market. The SER will be available on CME Group’s website.

Execution of Transactions – The Contracts are currently listed for trading on the CME trading 

floor which is temporarily closed. The CME Globex electronic trading platform provides a 

transparent, open and efficient mechanism to electronically execute trades on screen. In addition, 

the Contracts are available for submission of clearing via CME ClearPort.
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Pursuant to Section 5c(c) of the Act and CFTC Regulations 40.6(a), the Exchange hereby certifies that the 

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

to the proposal.

The Exchanges certify 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

Attachments: Exhibit A – List of the Contracts

Exhibit B – Amendments to CME Rulebook Chapters 403A, 405A, 407A, 411A and 412A 

 (blackline format)

Exhibit C – Exchange Fees

Exhibit D – Amendments to CME Rule 588.H. (“Globex Non-Reviewable Trading Ranges”) 

 Table
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Exhibit A

Product Profile

Product Name(s) Product City Code Product Seasonal Strip 

Code(s)

Rulebook Chapter(s)

US Monthly Weather 

Heating Degree Day 

(HDD) Options Contract

US Heating Seasonal 

Strips Weather Heating 

Degree Day (HDD) 

Options Contract

Atlanta = H1

Chicago = H2

Cincinnati = H3

New York= H4

Dallas = H5

Las Vegas = H0

Minneapolis = HQ

Sacramento = HS

Portland = H7

Atlanta = H1X, H1Z

Chicago = H2X, H2Z

Cincinnati = H3X, H3Z

New York = H4X, H4Z

Dallas = H5X, H5Z

Las Vegas = H0X, H0Z

Minneapolis = HQX, HQZ

Sacramento = HSX, HSZ

Portland= H7X, H7Z

403A, 405A

US Monthly Weather 

Cooling Degree Day 

(CDD) Options Contract

US Cooling Seasonal 

Strips Weather Heating 

Degree Day (CDD) 

Option Contract

Atlanta = K1

Chicago = K2

Cincinnati = K3

New York= K4

Dallas = K5

Las Vegas = K0

Minneapolis = KQ

Sacramento = KS

Portland = K7

Atlanta = K1X, K1Z

Chicago = K2X, K2Z

Cincinnati = K3X, K3Z

New York = K4X, K4Z

Dallas = K5X, K5Z

Las Vegas = K0X, K0Z

Minneapolis = KQX, KQZ

Sacramento = KSX, KSZ

Portland= K7X, K7Z

403A, 405A

European Monthly 

Weather Heating Degree 

Day (HDD) Options 

Contract

European Seasonal Strips 

Weather Heating Degree 

Day (HDD) Options 

Contract

London = D0

Amsterdam = D2

London = D0X, D0Z

Amsterdam = D2X, D2Z

406A, 407A

European Monthly 

Weather Cumulative 

Average Temperature 

(CAT) Options Contract

European Seasonal Strip 

Weather Cumulative 

Average Temperature 

(CAT) Options Contract

London = G0

Amsterdam = G2

London = G0K, G0N

Amsterdam = G2K, G2N

408A, 409A

Pacific Rim Monthly 

Cumulative Average 

Temperature (CAT) 

Options Contract 

Pacific Rim Seasonal 

Strip Cumulative Average 

Temperature (CAT) 

Options Contract 

Tokyo = G6 Tokyo = G6X, G6Z, G6K, 

G6N

411A, 412A
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Exhibit B

CME Rulebook

(additions underscored; deletions struck through)

CME Chapter 403A

Options on CME Degree Days Index Futures

* * *

403A01. OPTIONS CHARACTERISTICS

* * *

403A01.E. Exercise Prices

Exercise prices shall be stated in terms of the respective CME Degree Days Index futures contract. 

Eligible exercise prices shall also be at intervals of 1 index point (e.g., 710, 711, 712, etc.). At the 

commencement of option trading in a contract month, the eligible put and call options are dynamically 

listed at intervals of 1 index point in a range of 0 to 1500 index points for CDD months and a range 

of 0 to 3200 index points for HDD months upon demand evidenced in the options pit. New options 

may be listed for trading up to and including the termination of trading. The Exchange may modify 

the provisions governing the establishment of exercise prices as it deems appropriate.

[Remainder of Rule unchanged.]

Chapter 405A

Options on CME Seasonal Strip Degree Days Index Futures

* * *

405A01. OPTIONS CHARACTERISTICS

* * *

40501.E. Exercise Prices

Exercise prices shall be stated in terms of the respective CME Seasonal Strip Degree Days Index 

futures contract. Eligible exercise prices shall be at intervals of 1 CME Seasonal Strip Degree Days 

Index point (e.g., 4510, 4511, 4512, etc.). At the commencement of options trading in a contract 

month, the eligible put and call options are dynamically listed at intervals of 1 index point in a range 

of 0 to 7500 index points for the CDD season and a range of 0 to 16,000 index points for the HDD 

season upon demand evidenced in the options pit. New options may be listed for trading up to and 

including the termination of trading. The Exchange may modify the provisions governing the 

establishment of exercise prices as it deems appropriate.

[Remainder of Rule unchanged.]
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Chapter 406A

Options on CME European HDD Index Futures

* * *

406A01. OPTIONS CHARACTERISTICS

* * *

406A01.E. Exercise Prices

Exercise prices shall be stated in terms of the respective CME European HDD Index futures contract. 

Eligible exercise prices shall also be at intervals of 1 index point (e.g., 710, 711, 712, etc.). At the 

commencement of option trading in a contract month, the eligible put and call options are dynamically 

listed at intervals of 1 index point in a range of 0 to 1700 index points for HDD months upon demand 

evidenced in the options pit. New options may be listed for trading up to and including the termination 

of trading. The Exchange may modify the provisions governing the establishment of exercise prices 

as it deems appropriate

[Remainder of Rule unchanged.]

Chapter 407A

Options on CME European Seasonal Strip HDD Index Futures 

* * *

407A01. OPTIONS CHARACTERISTICS 

* * *

407A01.E. Exercise Prices 

Exercise prices shall be stated in terms of the respective CME European Seasonal Strip HDD Index 

futures contract. Eligible exercise prices shall be at intervals of 1 CME Seasonal Degree Days Index 

point (e.g., 4510, 4511, 4512, etc.). At the commencement of options trading in a contract month, the 

eligible put and call options are dynamically listed at intervals of 1 index point in a range of 0 to 8500 

index points for a seasonal Strip HDD upon demand evidenced in the options pit. New options may 

be listed for trading up to and including the termination of trading. The Exchange may modify the 

provisions governing the establishment of exercise prices as it deems appropriate.

[Remainder of Rule unchanged.]

Chapter 408A

Options on CME European CAT Index Futures 

* * *

408A01. OPTIONS CHARACTERISTICS 

* * *

408A01.E. Exercise Prices 

Exercise prices shall be stated in terms of the respective CME European CAT Index futures contract. 

Eligible exercise prices shall also be at intervals of 1 index point (e.g., 710, 711, 712, etc.). At the 

commencement of option trading in a contract month, the eligible put and call options are dynamically 

listed at intervals of 1 index point in a range of 0 to 1300 index points for CAT months upon demand 

evidenced in the options pit. New options may be listed for trading up to and including the termination 

of trading. The Exchange may modify the provisions governing the establishment of exercise prices 

as it deems appropriate.

[Remainder of Rule unchanged.]

Chapter 409A

Options on CME European Seasonal Strip CAT Index Futures 
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* * *

409A01. OPTIONS CHARACTERISTICS 

* * *

409A01.E. Exercise Prices 

Exercise prices shall be stated in terms of the respective CME European Seasonal Strip CAT Index 

futures contract. Eligible exercise prices shall be at intervals of 1 CME Seasonal Degree Days Index 

point (e.g., 4510, 4511, 4512, etc.). At the commencement of options trading in a contract month, the 

eligible put and call options are dynamically listed at intervals of 1 index point in a range of 0 to 6500 

index points for a seasonal Strip CAT upon demand evidenced in the options pit. New options may 

be listed for trading up to and including the termination of trading. The Exchange may modify the 

provisions governing the establishment of exercise prices as it deems appropriate.

[Remainder of Rule unchanged.]

Chapter 411A

Options on CME Pacific Rim CAT Index Futures 

* * *

411A01. OPTIONS CHARACTERISTICS 

* * *

411A01.D. Exercise Prices 

Exercise prices shall be stated in terms of the respective CME Pacific Rim CAT Index futures 

contract. In addition, exercise prices shall also be at intervals of .01 index points (e.g., 25.10, 25.11, 

25.12, etc.). At the commencement of option trading in a contract month, the Exchange shall 

dynamically list put and call options at intervals of .01 index points in a range of 0 to 1500 index 

points upon demand evidenced in the options pit. New options may be listed for trading up to and 

including the termination of trading. The Exchange may modify the provisions governing the 

establishment of exercise prices as it deems appropriate.

[Remainder of Rule unchanged.]

Chapter 412A

Options on CME Pacific Rim Seasonal CAT Index Futures 

* * *

412A01. OPTIONS CHARACTERISTICS 

* * *

412A01.D. Exercise Prices 

Exercise prices shall be stated in terms of the respective CME Pacific Rim Seasonal CAT Index 

futures contract. Eligible exercise prices shall be at intervals of .01 CME Pacific Rim Seasonal CAT 

Index point (e.g., 4510.01, 4510.02, 4510.03, etc.). At the commencement of options trading in a 

contract month, the Exchange shall dynamically list put and call options at intervals of .01 index points 

in a range 0 to 8500 index points upon demand evidenced in the options pit. New options may be 

listed for trading up to and including the termination of trading. The Exchange may modify the 

provisions governing the establishment of exercise prices as it deems appropriate.

[Remainder of Rule unchanged.]
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Exhibit C

Exchange Fees

Fees are charged per side (both buy 

and sell side) per contract

Venue/Transaction Type Weather

Futures & Options

Individual Members

Clearing Equity Member Firms

Rule 106.J Equity Member Firms & 

Rule 106.J Qualified Subsidiaries

Rule 106.I Member Firms & Rule 106.I 

Qualified Affiliates

Rule 106.S Member Approved Funds

CME Globex $0.15

EFP|EFR|Block $0.46

Exercise|Assign|Future From $0.07

Rule 106.D Lessees

Rule 106.F Employees 

CME Globex $0.20

EFP|EFR|Block $0.51

Exercise|Assign|Future From $0.12

Rule 106.R Electronic Corporate 

Member

(For other than CME Globex - See 

Non-Members)

CME Globex $0.44

Rule 106.H and 106.N Firms

Clearing Non-Equity Member Firms

CME Globex $0.25

EFP|EFR|Block $0.56

Exercise|Assign|Future From $0.17

International Incentive Program (IIP) 

Participants

International Volume Incentive 

Program (IVIP) Participants

(For other than CME Globex - See 

Non-Members)

CME Globex $0.26

Members Trading Outside of Division

(For other than CME Globex During 

ETH - See Non-Members)

CME Globex - During ETH Only $0.29

Non-Members

(Including: Central Bank Incentive 

Program (CBIP) Participants, Emerging 

Markets Bank Incentive Program 

(EMBIP) Participants, Latin American 

Fund Manager Incentive Program 

(FMIP) Participants, CTA/Hedge Fund 

Incentive Program Participants & 

CBOE Members)

CME Globex $0.54

EFP $0.60

EFR|Block

Exercise|Assign|Future From $0.21
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Exhibit D

CME Rulebook

Chapter 5

(“Trading Qualifications and Practices”)

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

(additions underscored)

Instrument Globex Symbol Globex Non-Reviewable Ranges (NRR)

Weather Options 

ATLANTA HDD OPTIONS (SEASONAL 

STRIP OPTIONS) H1 (H1X, H1Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

CHICAGO HDD OPTIONS (SEASONAL 

STRIP OPTIONS) H2 (H2X, H2Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

CINCINNATI HDD OPTIONS (SEASONAL 

STRIP OPTIONS) H3 (H3X, H3Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

NEW YORK HDD OPTIONS (SEASONAL 

STRIP OPTIONS) H4 (H4X, H4Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

DALLAS HDD OPTIONS (SEASONAL 

STRIP OPTIONS) H5 (H5X, H5Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

LAS VEGAS HDD OPTIONS (SEASONAL 

STRIP OPTIONS) H0 (H0X, H0Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks
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MINNEAPOLIS MONTHLY HDD OPTIONS 

(SEASONAL STRIP OPTIONS)

HQ (HQX, 

HQZ)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

SACRAMENTO MONTHLY HDD 

OPTIONS (SEASONAL STRIP OPTIONS) HS (HSX, HSZ)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

PORTLAND HDD OPTIONS (SEASONAL 

STRIP OPTIONS) H7 (H7X, H7Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

LONDON MONTHLY HDD OPTIONS 

(SEASONAL STRIP OPTIONS) D0 (D0X, D0Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

AMSTERDAM MONTHLY HDD OPTIONS 

(SEASONAL STRIP OPTIONS) D2 (D2X, D2Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

TOKYO PACIFIC RIM INDEX OPTION CAT 

(SEASONAL STRIP OPTIONS) G6 (G6X, G6Z)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

ATLANTA CDD OPTIONS (SEASONAL 

STRIP OPTIONS) K1 (K1K, K1N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

CHICAGO CDD OPTIONS (SEASONAL 

STRIP OPTIONS) K2 (K2K, K2N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks
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CINCINNATI CDD OPTIONS (SEASONAL 

STRIP OPTIONS) K3 (K3K, K3N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

NEW YORK CDD OPTIONS (SEASONAL 

STRIP OPTIONS) K4 (K4K, K4N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

DALLAS CDD OPTIONS (SEASONAL 

STRIP OPTIONS) K5 (K5K, K5N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

LAS VEGAS CDD OPTIONS (SEASONAL 

STRIP OPTIONS) K0 (K0K, K0N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

MINNEAPOLIS MONTHLY CDD OPTIONS 

(SEASONAL STRIP OPTIONS)

KQ (KQK, 

KQN)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

SACRAMENTO MONTHLY CDD OPTIONS 

(SEASONAL STRIP OPTIONS) KS (KSK, KSN)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

PORTLAND CDD OPTIONS (SEASONAL 

STRIP OPTIONS) K7 (K7K, K7N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

LONDON CDD OPTIONS (SEASONAL 

STRIP OPTIONS) G0 (G0K, G0N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks
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AMSTERDAM CDD MONTHLY OPTIONS 

(SEASONAL STRIP OPTIONS) G2 (G2K, G2N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks

TOKYO PACIFIC RIM INDEX CDD OPT 

CAT (SEASONAL STRIP OPTIONS) G6 (G6K, G6N)

The greater of the following: 

 •Delta multiplied by the underlying futures nonreviewable range

 •20% of premium up to 1⁄4 of the underlying 

futures non-reviewable range.

 •10 ticks