SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 22-483 (2 of 2)

Organization: Chicago Mercantile Exchange Inc.

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 11/29/22 Filing Description: Implementation of Implied 

Functionality Eligibility for Five (5) Foreign Exchange (FX) Futures Contracts and Related 

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

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

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Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

November 29, 2022

VIA ELECTRONIC PORTAL

Mr. Christopher 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. Implementation of Implied Functionality 

Eligibility for Five (5) Foreign Exchange (FX) Futures Contracts and Related 

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

CME Submission No. 22-483 (2 of 2)

Dear Mr. Kirkpatrick:

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

Commission (“CFTC” or “Commission”) the implementation of 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”) and the related amendments to CME Rule 588.H. (“Globex Non-Reviewable Trading 

Ranges”) table (the “Table”) (collectively, the “Rule Amendments”) effective Sunday, January 22, 2023 for 

trade date Monday, January 23, 2023.

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

Amendments to the Table are provided in Exhibit A below in blackline format.

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

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

bearing on the following Core Principles:

• Compliance with the Rules: CME shall continue its normal practice to establish, monitor, and 

enforce compliance with the rules of the Contracts, including the terms and conditions of the 

Contracts’ newly revised rules for Globex non-reviewable trading ranges.

• Availability of General Information: The Exchange will amend the CME rulebook accordingly on 

the effective date, which is publicly available on the CME Group website, to reflect the changes 

that will be made to the rules pertaining to the Globex non-reviewable trading ranges for the 
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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Contracts. In addition, the Exchange will publish a Special Executive Report (“SER”) to inform the 

marketplace of the Rule Amendments. The SER will also be posted on the CME Group website.

• Execution of Transactions: Amendments to the Globex non-reviewable trading ranges for the 

Contracts will have no impact on the central limit order book for these instruments. The Rule 

Amendments will not impede the CME’s ability as a designated contract market to provide a 

competitive, open, and efficient market mechanism for executing transactions that protects the 

price discovery and final cash settlement or physically deliverable processes of the Contracts.

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

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

opposing views to this proposal.

CME certifies that this submission has been concurrently posted on the Exchange’s 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 CME Rule 588.H. (“Globex Non-Reviewable Trading 

Ranges”) Table (blackline format)
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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 Non-Reviewable 

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

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