Designated Contract Markets (DCM)

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Organization Status Date Remarks Documents
IMX Health, LLC Designated 01/18/2024 8
Electron Exchange DCM, LLC Pending 07/06/2023 7
The Environmental Exchange Pending 04/20/2023 8
Gemini Titan, LLC Withdrawn 02/15/2023 5
Railbird Exchange, LLC Pending 01/10/2023 7
QCX LLC Pending 06/16/2022 6
ForecastEx LLC Pending 03/11/2022 8
Inet Futures Exchange, LLC Vacated 01/25/2022 Inet Futures Exchange (Inet) originally was designated as Island Futures Exchange on February 19, 2002. It changed its name to Inet on December 5, 2003. It never commenced trading. Vacated as of 1/25/2022. 2
Aristotle Exchange DCM, Inc. Pending 10/07/2021 8
OneChicago LLC Vacated 12/21/2020 OneChicago LLC listed for trading security futures products and was owned primarily by Interactive Brokers Group, LLC, CBOE, and CME. 3
Coinbase Derivatives, LLC Designated 11/23/2020 LMX Labs, LLC is a designated contract market (DCM) which started doing business as FairX but then changed to doing business as Coinbase Derivatives or just Coinbase. The exchange clears through Nodal Clear, a Derivatives Clearing Organization (DCO) and part of EEX Group, which is in turn part of Deutsche Brse Group. As of 12/21/23, LMX Labs, LLC changed its legal name to Coinbase Derivatives, LLC. 5
Kalshi Designated 11/03/2020 In November 2023, KalshiEX LLC submitted a petition requesting the Commission modify its Order of Designation to permit intermediated futures trading. 13
NASDAQ Futures, Inc. Vacated 09/16/2020 The Philadelphia Board of Trade (PBOT), was first approved by the CFTC as a contract market on 5/18/85. Effective 11/7/13, the name of the exchange was changed to NASDAQ Futures, Inc. (NQF). NQF remained a DCM until 1/1/14, on which date it became a "dormant designated contract market" as defined in CFTC regulation 40.1. On 2/6/14, NQF submitted an application to be reinstated as a DCM, pursuant to sections 5 and 6(a) of the CEA and part 38 of the CFTCs regulations. On 7/2/14, NQFs DCM application was stayed pursuant to section 6(a) of the CEA and CFTC regulation 38.3(c). The stay was lifted on 9/29/14. Effective November 21, 2014, NQFs application for reinstatement was approved and its contract market designation was reinstated pursuant to Sections 5 and 6(a) of the Commodity Exchange Act and Part 38 of the CFTCs regulations. Nasdaq Futures Inc. was vacated effective September 16, 2020. 26
Bitnomial Exchange, LLC Designated 04/17/2020 3
Small Exchange, Inc. Designated 03/10/2020 . 12
trueEX LLC Dormant 11/01/2019 trueEX LLC intends to list interest rate swaps as its initial contracts. Regulatory services for trueEX LLC will be provided by NFA. Clearing services will be provided by the CME. The 180-day review period under section 6 of the CEA was stayed on 4/9/2012. The stay was subsequently lifted on June 7, 2012. 10
LedgerX LLC Designated 06/24/2019 LedgerX LLC is a DCM and a SEF doing business as FTX US Derivatives. 13
ELX Futures, L.P. Dormant 07/01/2017 ELX listed for trading U.S. Treasury futures and used the eSpeed electronic trading platform. Clearing services were provided by OCC and regulatory services were provided by NFA. The last trade that took place on ELX was in June of 2016. 11
American Gas Exchange, LLC Pending 09/20/2016 1
Aqua-Index Exchange, LLC Pending 08/10/2015 4
EOX Exchange LLC Withdrawn 02/20/2015 EOX Exchange LLC submitted an application for designation as a DCM on June 4, 2013 for the trading of financially-settled futures and options on futures in natural gas, natural gas liquids, power, crude oil, refined products, and agriculturals. Contracts would be cleared by LCH.Clearnet LLC. The EOX application was stayed due to material incompleteness on September 13, 2013 and was withdrawn on February 20, 2015. 9
NYSE Liffe US, LLC Vacated 07/01/2014 NYSE Liffe trades precious metals. NYSE Liffe uses the LIFFE CONNECT trading system, regulatory services are provided by NFA, and clearing is provided by OCC. NYSE Liffe was vacated on July 1, 2014. 10
Kansas City Board of Trade Vacated 12/17/2013 The Kansas City Board of Trade (KCBT) was established by local Kansas City merchants in 1856 as a means of trading grain. Futures trading in grains began in 1876. 1
Nodal Exchange, LLC Designated 09/27/2013 Nodal Exchange, LLC trades financially settled power contracts, including (1) locational marginal pricing (energy, loss, and congestion) or any component of locational marginal pricing of electricity at hubs, zones and nodes in the United States and Canada and (2) natural gas at Henry Hub. Clearing services are provided by Nodal Clear. Nodal Exchange, LLC was previously operating as an Exempt Commercial Market ("ECM") as of April 2009. Nodal Exchange submitted an application for DCM registration on October 11, 2012 and was designated as a DCM on September 27, 2013. 12
The Trend Exchange, Inc. Dormant 05/01/2013 The Trend Exchange, Inc. was originally designated as a DCM on April 16, 2010 under the name Media Derivatives, Inc. which initially intended to list binary options on motion picture revenues as well as other media-related products. No trading has occurred on the exchange and it became dormant under the definition of dormant contract market in Commission Regulation 40.1(c) on May 1, 2013. 28
GFI Futures Exchange LLC Pending 03/19/2013 . 20
Chicago Climate Futures Exchange, LLC Dormant 03/01/2013 The Chicago Climate Futures Exchange (CCFE) is wholly owned by Chicago Climate Exchange Inc (CCX). CCX previously filed a notice with the Commission to operate as an exempt commercial market (ECM). CCS announced plans to wind down operations in August of 2011. Effective as of February 28, 2012 there is no remaining open interest in contracts at CCFE and all contracts have been delisted. 1
Green Exchange, LLC Vacated 07/31/2012 The Green Exchange (GreenX) was designated as a DCM on July 22, 2010. GreenEx is a joint venture between CME Exchange and a number of other investment concerns. GreenEx offers environmental products. GreenX was issued an order of vacation on July 31, 2012 which will become effective 10 days after the transfer of GreenX's open interest to NYMEX. 14
NexTrade Futures Exchange, Inc. Withdrawn 02/21/2012 At the request of NexTrade, the 180-day review period under section 6 of the CEA was stayed on 10/15/03. 0
Cboe Digital Exchange Designated 10/28/2011 CBOE Digital Exchange was previously called Eris Exchange. 5
NQLX LLC Futures Exchange Vacated 10/19/2010 On June 16, 2010, NYSE Euronext, the ultimate parent of NQLX requested that the status of NQLX as a designated contract market be vacated and set aside by the CFTC. Comments with respect to this request were due by August 6, 2010. NQLX was originally designated as a DCM in August 2001. On July 1, 2005, it met the definition of a "dormant" DCM and since that time has remained inactive. NQLX was merged into LIFFE Ventures in late 2010. 1
FMX Futures Exchange, L.P. Designated 04/20/2010 The CFTC issued an Order of Designation to FMX Futures Exchange, L.P. ("FMX") (formerly CX Futures Exchange, L.P. and originally Cantor Futures Exchange, L.P.) on April 20, 2010. On April 29, 2022, FMX filed a request to amend its Order of Designation to permit intermediated trading on a new "FMX Division" of the exchange. The Commission approved the request and issued an Amended Order of Designation to FMX on January 22, 2024. 5
U.S Futures Exchange, L.L.C. Dormant 01/01/2010 The U.S. Futures Exchange (USFE, but originally known as Eurex US) is owned approximately 67% by Man Group USA Inc., a New York Corporation, approximately 29% by U.S. Exchange Holdings, Inc., a Delaware corporation that is a separately capitalized wholly-owned subsidiary of Eurex Frankfurt, AG, and approximately 4% by Exchange Place Holdings, L.P., a Delaware limited partnership. USFE ceased exchange operations effective 12/31/08; as of 01/01/10, USFE became dormant. 1
Cantor Exchange, LLC Withdrawn 11/20/2008 On January 26, 2006, the Cantor Exchange (Cantor) requested a stay of the 180 day review period set forth in Section 6 of the Commodity Exchange Act. 7
Pacific Futures Exchange Vacated 04/21/2008 On January 17, 2008, the Pacific Futures Exchange ( PFE) requested that the CFTC vacate PFEs contract market designation as of April 21, 2008. PFE has not been operational since PFE was orginally designated as a contract market on July 22, 1986. PFEs contract market designation was vacated, effective April 21, 2008. 1
Merchants Exchange Dormant 10/01/2004 The Merchants Exchange (ME) was originally established in 1836 as a cash commodity market known as the Merchants Exchange of St. Louis. It was designated as a contract market by the Secretary of Agriculture twice. ME was first designated as a contract market on May 12, 1923. That designation was vacated on August 31, 1957. ME was designated again on April 13, 1962, and it appears that that designation was vacated in 1974. In 2000, the ME was designated as a contract market by the CFTC under the name Merchants Exchange of St. Louis, operating as an electronic exchange. It changed its name to ME in January 2002. 0
ICE Futures U.S., Inc. Designated 06/10/2004 ICE Futures US (ICE US) (formerly known as the New York Board of Trade (NYBOT)) became a wholly-owned subsidiary of ICE on on January 12, 2007. ICE is a for-profit, publicly traded company that also owns ICE Futures Europe and an exempt commercial market also known as ICE. NYBOT was formed in 1998 with the merger of the Coffee Sugar and Cocoa Exchange (CSCE) and the New York Cotton Exchange (NYCE). The contract market designations of CSCE and NYCE were extinguished and transferred to NYBOT in June of 2004. On September 3, 2007, NYBOT was renamed ICE Futures U.S., Inc. 4
New York Cotton Exchange Vacated 06/09/2004 The New York Cotton Exchange (NYCE) merged with the Coffee, Sugar and Cocoa Exchange (CSCE) on June 10, 2004, and became the New York Board of Trade (NYBOT) as the final step of a merger that began in 1998. The Citrus Associates, FINEX, and NYFE were owned by NYCE. NYBOT was formed in 1998 when CSCE and NYCE merged. 2
Citrus Associates of the New York Cotton Exchange Vacated 06/09/2004 Citrus Associates was a subsidiary of the New York Cotton Exchange (NYCE); other subsidiaries included the Wool Associates, the Tomato Products Associates, and FINEX (the Financial Instruments Exchange), but only Citrus Associates had its own rulebook. Citrus Associates products were moved to NYCE as of 12/09/03. 0
Coffee, Sugar & Cocoa Exchange Vacated 06/09/2004 The Coffee, Sugar and Cocoa Exchange (CSCE) merged with the New York Cotton Exchange (NYCE) on June 10, 2004, and became the New York Board of Trade (NYBOT) as the final step of a merger that began in 1998. 2
Exchange Place Futures Exchange, L.L.C Dormant 06/01/2004 Exchange Place Futures Exchange, LLC originally was designated as BrokerTec Futures Exchange (BTEX) on June 18, 2001. BTEX ceased operations in November 2003. As of January 30, 2004, Exchange Place Futures is wholly owned by U.S. Futures Exchange LLC (USFE). 2
MidAmerica Commodity Exchange Vacated 05/13/2004 All MidAmerica Commodity Exchange (MidAm) contracts were transferred to its parent, the Chicago Board of Trade, as of April 7, 2003. 3
North American Derivatives Exchange, Inc. Designated 02/18/2004 The Commission issued an amended Order of Designation on March 30, 2010, allowing trades on NADEX to be intermediated. On June 18, 2009, HedgeStreet, Inc. notified the CFTC that it was changing its name to the North American Derivatives Exchange, Inc. (Nadex), effective Sunday evening June 21, trade date June 22. Nadex currently offers small-sized binary and variable payout options. On March 31, the Commission amended the Nadex Order of Designation to allow trading both through FCMs as well as on a non-intermediated basis. 4
New York Futures Exchange Dormant 02/01/2004 The New York Futures Exchange (NYFE) originally was a subsidiary of the New York Stock Exchange when it was established in 1980. It was sold to the New York Cotton Exchange (NYCE) in 1994. All NYFE contracts were transferred to the NYCE on August 1, 2003, and in June 2004, these contracts were transferred to the New York Board of Trade (NYBOT); NYBOT was formed in 1998 when NYCE merged with the Coffee, Sugar and Cocoa Exchange. NYFE now is a subsidiary of NYBOT. 0
onExchange Board of Trade, Inc. Dormant 01/01/2004 onExchange Board of Trade (ONXBOT) was designated as a DCM on December 22, 2000. The original business plan was for an internet based electronic exchange, but ONXBOT has never commenced trading. 0
Twin Cities Board of Trade Dormant 01/01/2004 The Twin Cities Board of Trade (TCBT) currently is not operational. The only authorized contract was the British Pound/Deutsche Mark Cross Rate future, for which trading was never initiated. 0
AMEX Commodities Corporation Dormant 01/01/2004 The AMEX Commodities Corporation (ACC) was designated as a contract market on February 15, 1985. ACC currently is not operational; there has been no activity on the ACC since 1986. 0
FutureCom, LTD. Dormant 01/01/2004 FutureCom was designated as a contract market subject to specific conditions preventing the exchange from trading until the conditions were satisfied. The specific designation conditions are set forth in the CFTCs approval letter and Order. FutureCom never commenced trading, as the conditions placed on its designation were not met prior to the exchange becoming dormant. FutureComs business plan is to be an internet based, electronic exchange. 1
Cboe Futures Exchange, LLC Designated 08/07/2003 CBOE Futures Exchange, LLC has changed its name to Cboe Futures Exchange, LLC effective October 31, 2017. 2
Minneapolis Grain Exchange, LLC Designated 12/21/2000 The Minneapolis Grain Exchange (MGE) was established by the Minneapolis Chamber of Commerce in 1881 as an organization designed to promote trade in grains and to prevent abuses. In 1947, it became the MGE. MGEX became MGEX, Inc. upon its merger with and into the latter entity, a Delaware corporation, on 9/20/10. The Commission issued orders transferring the contract market designation, the derivatives clearing organization registration, the listed contracts, and the open interest in those contracts from MGEX to MGEX, Inc. on 9/16/10 to become effective upon the merger of MGEX with and into MGEX, Inc. On November 23, 2020, the Commission issued an order approving the transfer of the contract market designation of MGEX, Inc. to Minneapolis Grain Exchange, LLC. 4