Petition for Exemption from Commodity Exchange Act Requirements by Chicago Board of Trade, Chicago Mercantile Exchange, and New York Mercantile Exchange

Summary

The Chicago Board of Trade, the Chicago Mercantile Exchange, and the New York Mercantile Exchange have submitted a joint petition to the Commodity Futures Trading Commission for an exemption from certain statutory requirements, allowing them to bypass the contract market designation process and rule review for new contract submissions. The Commission plans to publish the petition for public comment to gather input from interested parties.