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  EFF Information  

What Is an EFF?
An EFF (Exchange of Futures for, or in Connection with Futures) is a transaction type that is privately negotiated and involves a simultaneous purchase and sale of futures contracts on different exchanges. 

Learn more about EFFs.



           CFTC Filings
           Link to CFTC web site page that references all EFF-related documents
 

Chronology of CFTC's Consideration of EFF Rule

          EFF Letter to CFTC - 10/04/10
         
ELX Response to CBOT September 13th Letter to CFTC

 
         CBOT Letter to CFTC - 09/13/10
          CBOT Letter to CFTC responding to DMOs August 13th Letter regarding CBOT Market Research
           Advisory Notice RA0907-1

DMO Letter to CME - 08/13/10
DMO Letter to CME regarding CBOT Market Regulation Advisory Notice RA0907-1 prohibiting EFFs and contingent or transitory EFRPs

EFF Letter to CFTC - 05/27/10
ELX Letter to CFTC requesting action with respect to CBOT statements/actions

EFF Letter to CFTC:  04/26/10
ELX Letter to CFTC requesting that the Commission take further action to effectuate the Commission's October 6, 2009 approval of ELX's EFF rule

EFF Letter to CFTC - 02/22/10
ELX Letter to CFTC regarding CME's February 8th Letter to the CFTC

EFF Letter to CFTC: 01/27/10
ELX Letter to CFTC regarding CME's misleading press release on EFF Transactions

CFTC Letter to CBOT: 01/22/10
CFTC Letter notifying CME that the EFF rule is consistent with requirements of the Commodity Exchange Act

EFF Letter to CFTC: 01/04/10
ELX Letter to CFTC asking for Commission's support and approval to permit ELX to implement EFF rule

EFF Supplement: 11/12/09
ELX Letter to CFTC on EFF and Transitory Trading Chronology at CBOT

EFF Letter to CFTC: 10/20/09
ELX submits request to CFTC to stay the CME's October 16th self-certified Advisory Notice

CFTC Letter to ELX: 10/06/09
CFTC Letter to ELX approving ELX's proposed Exchange of Futures for Futures Rule Amendment (Rule IV-5(a) (iv) and (v)), allowing market participants to trade positions in two different DCMs



Click here for details on how to submit EFFs