SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 22-416 (1 of 2)

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

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 10/12/22 Filing Description: Increase of Trading and Daily 

Settlement Minimum Price Fluctuation Limit of the HMS 80/20 Ferrous Scrap, CFR 

Turkey (Platts TSI) 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

Official Product Name: 

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

October 12, 2022

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. Increase of Trading and Daily Settlement 

Minimum Price Fluctuation Limit of the HMS 80/20 Ferrous Scrap, CFR Turkey (Platts 

TSI) Futures Contract.

COMEX Submission No. 22-416 (1 of 2) 

Dear Mr. Kirkpatrick:

Commodity Exchange, Inc. (“COMEX” or “Exchange”) certifies to the Commodity Futures Trading 

Commission (“CFTC” or “Commission”) amendments to Rule 867102.C. (“Price Increments”) of the HMS 

80/20 Ferrous Scrap, CFR Turkey (Platts TSI) Futures contract (the “Contract”) to increase the trading and 

daily settlement minimum price fluctuation limit from $0.01 per metric ton ($0.10 per contract) to $1.00 per 

metric ton ($10.00 per contract) for trading on the CME Globex electronic trading platform (“CME Globex”) 

and for submission for clearing via CME ClearPort effective Sunday, November 20, 2022, for trade date 

Monday, November 21, 2022. The minimum final settlement price shall remain unchanged at $0.01 per 

metric ton ($0.10 per contract).

Contract 

CME Globex 

and

CME ClearPort

Code

COMEX 

Rulebook 

Chapter

Current Daily 

Settlement and 

Trading 

Minimum Price 

Increment

Increased Daily 

Settlement and 

Trading 

Minimum Price 

Increment

HMS 80/20 

Ferrous Scrap, 

CFR Turkey 

(Platts TSI) 

Futures

FSF 867

$0.01 per metric 

ton

= $0.10 per 

contract

$1.00 per metric 

ton

= $10.00 per 

contract

Also at this time, COMEX is implementing corresponding changes to the COMEX Rule 588.H. (“Globex

Non-Reviewable Trading Ranges”) table (the “Table) (collectively, the “Rule Amendments”).

The Rule Amendments are intended to align the minimum price fluctuation limit with those of similar ferrous 

contracts on COMEX and to facilitate inter-commodity trades between the Exchange’s similar products.

To facilitate this change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date 

(GTD) orders after the close on November 18, 2022. After 16:00 Central Time on Friday, November 18, 
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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2022 all remaining Good Till (GT) orders will be cancelled or deleted by the CME Global Command Center 

(GCC).

Exhibit A below provides amendments to Rule 867102.C. in blackline format. Exhibit A below provides 

amendments to the Table in blackline format.

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 will release a Special Executive Report 

(“SER”) regarding the Rule Amendments. The SER will also be posted on the CME Group website.

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

open interest levels, and price information daily on its website and through quote vendors for the 

Contract.

Prevention of Market Disruption: Trading in the Contract will continue to be subject to the rules 

of the Exchange, which include prohibitions on manipulation, price distortion, and disruption to the 

cash settlement process.

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

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

opposing views to the proposal. 

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

Attachments: Exhibit A - Amendments to COMEX Rule 87102.C. (“Price Increments”) (blackline format)

Exhibit B - Amendments to COMEX Rule 588.H. (“Non-Reviewable Trading Ranges”)

 Table
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Exhibit A

COMEX Rulebook

Chapter 867

HMS 80/20 Ferrous Scrap, CFR Turkey (Platts TSI) Futures 

(additions underscored; deletions struck through)

***

867102. TRADING SPECIFICATIONS

***

867102.C. Price Increments

Prices shall be quoted in U.S. dollars and cents per metric ton. The minimum price fluctuation shall be 

$1.00$0.01 per metric ton ($10.00 per contract). The minimum final settlement price fluctuation shall be 

$0.01 per metric ton ($0.10 per contract). There shall be no maximum price fluctuation. 

[Remainder of Rule unchanged.] 

Exhibit B

COMEX 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 

HMS 80/20 Ferrous Scrap, CFR 

Turkey (Platts TSI) Futures FSF $50.00 per metric ton 5000 500

N/A N/A