The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) announced today that it has issued the results of a rule enforcement review of the New York Mercantile Exchange and the Commodity Exchange (NYMEX and COMEX or exchanges). The review, which covered a one-year target period, evaluated the exchanges’ market surveillance programs and their compliance with elements of Designated Contract Market Core Principles 2 (Compliance with Rules), 4 (Prevention of Market Disruption), and 5 (Position Limitations or Accountability). The review did not evaluate the exchanges’ procedures for monitoring Exchange for Related Position transactions, which procedures are currently under evaluation by the Division in a separate rule enforcement review.
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