Exchange and Clearinghouse Rules

Exchange and Clearinghouse Rules

• FMX Futures Exchange Rulebook (PDF, 662KB)

• CX Clearinghouse Rulebook (PDF, 417KB)

Incentive Programs

• CX Rule XI-103. Automated Liquidity Provider Incentive Program (“ALPIP”)

Effective 06/09/2021, this program offers up to $4,500 to be deployed into the trading market for Atlantic Named Storm Landfall Swaps contracts for the 2021 tropical storm season. Other conditions may apply as described in the rule.

• CX Rule XI-102. Education Incentive Program Rules(“EIP”)

THE EDUCATION INCENTIVE PROGRAM (RULE XI-102) IS NO LONGER ACTIVE, EFFECTIVE 5/23/2020.

Effective 08/07/2019, this program offers a one-time incentive payment of $10.00 upon acceptance as a Participant and up to $25 if the participant completes a survey. Other conditions may apply as described in the rule.

• CX Rule XI-101. Daily Liquidity Incentive Program Rules (“DLIP”)

THE DAILY LIQUIDITY INCENTIVE PROGRAM (RULE XI-101) IS NO LONGER ACTIVE, EFFECTIVE 8/9/2021.

For trading starting 09/01/2019, this program offers up to $4,500 per month to traders that trade no fewer than 100 contracts on at least 20 different Trading Days in a month.

• CX Rule XI-100. TradeWx Incentive Program (“TIP”)

THE TRADEWX INCENTIVE PROGRAM (RULE XI-100) IS NO LONGER ACTIVE, EFFECTIVE 5/21/2020.

Effective 08/01/2018, this program offers up to $100 for participating in an educational module that operates on an interactive weather prediction website, Forecaster Challenge. Numerous conditions apply as described in the rule.

For a summary of how Active Traders can take advantage of the the liquidity incentive program and fee rebates, please check the Active Trader Incentives  page on cxmarkets.com

Weather Contract Rules – Currently Active

Tropical Storm and Hurricane Landfall Contracts

• CX Contract Rules – IX-3000. CONTRACT DELISTED
• CX Contract Rules – IX-3001. CONTRACT DELISTED
• CX Contract Rules – IX-3002. CONTRACT DELISTED
• CX Contract Rules – IX-3003. ATLANTIC NAMED STORM LANDFALL (“ANSLS”) SWAPS
  • CX Contract Rules – IX-3003 ANSLS Appendix A (Excel, 6.6MB)
    • Appendix A is a table that shows which landfall points apply to each zip code.

The ANSLS Contract is a swap with ZIP Code based strikes that terminates once a named Atlantic storm has dissipated or is no longer being tracked as a named storm and settle using CX’s shared risk pool methodology.

Weather Contract Rules – Not Currently Listing New Contracts

Note: All contracts below in this section are not currently being listed for trading

Seasonal Contracts

• CX Contract Rules – IX-3101. SEASONAL AGGREGATE SNOWFALL INDEX (“SASI”) SWAPS
  • CX Measuring Station Locations for SASI Contracts
    • This is a list of the available locations for the DASI Contract

The SASI Contracts settle to measured aggregate snowfall totals for the entire winter season at specified locations and settle using CX’s shared risk pool methodology. Measurements generally end on May 31. However if no snowfall has occurred for a given location during the month of March, then measurement ends on March 31, and if no snowfall has occurred for a given location during the month of April, then measurement ends on April 30.

Monthly Contracts

• CX Contract Rules – IX-3100. MONTHLY AGGREGATE RAINFALL INDEX (“MARI”) SWAPS
  • Note: MARI contracts are not currently being listed for trading.

Weekly Contracts

• CX Contract Rules – IX-3200. WEEKLY PRECIPITATION DAY COUNT (“WPDC”) SWAPS
  • CX WPDC Contract Rules – Table 1
    • Table 1 lists the minimum precipitation amount for each of the available locations for the relevant dates of the year
  • CX Measuring Station Locations (WPDC)
    • This is a list of the available locations for the WPDC Contract

The WPDC Contract is a binary option style swap that pays $1.00 per contract if a minimum precipitation amount occurs for a minimum number of days at specified locations.

Daily Contracts

• CX Contract Rules – IX-3300. DAILY AGGREGATE SNOWFALL INDEX (“DASI”) SWAPS
  • CX Measuring Station Locations for DASI Contracts
    • This is a list of the available locations for the DASI Contract
• CX Contract Rules – IX-3301. DAILY AGGREGATE RAINFALL INDEX (“DARI”) SWAPS
  • CX Measuring Station Locations for DARI Contracts
    • This is a list of the available locations for the DARI Contract

The DASI and DARI Contracts settle to measured daily precipitation totals at specified locations and settle using CX’s shared risk pool methodology.

• CX Contract Rules – XI-3302. HIGH EXTREME DAILY TEMPERATURE INDEX (“HEDTI”) SWAPS
• CX Contract Rules – XI-3303. LOW EXTREME DAILY TEMPERATURE INDEX (“LEDTI”) SWAPS
  • Historical Normal Temperatures for HEDTI and LEDTI Contracts (PDF)
    • This is a list of the historical normal high and low temperatures for all available locations for the HEDTI and LEDTI Contracts, in PDF format
      
  • Historical Normal Temperatures for HEDTI and LEDTI Contracts (Excel)
    • This is a list of the historical normal high and low temperatures for all available locations for the HEDTI and LEDTI Contracts, in Excel format
  • CX Measuring Station Locations for HEDTI and LEDTI Contracts
    • This is a list of the available locations for the HEDTI and LEDTI Contracts

The HEDTI and LEDTI Contracts settle to differences between the daily maximum or minimum temperatures relative to historical normal high and low temperatures and settle using CX’s shared risk pool methodology.

Forex Contract Rules – Not Currently Listing New Contracts

Note: All contracts below in this section are not currently being listed for trading

• CX Contract Rules – IX-1000. EUR-USD
• CX Contract Rules – IX-1010. USD-JPY
• CX Contract Rules – IX-1020. GBP-USD
• CX Contract Rules – IX-1030. AUD-USD
• CX Contract Rules – IX-1100. EUR-JPY
• CX Contract Rules – IX-1200. GBP-JPY

Metals Contract Rules – Not Currently Listing New Contracts

Note: All contracts below in this section are not currently being listed for trading

• CX Contract Rules – IX-2000. GOLD