Designated Contract Markets (DCM)

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Organization Status Date Remarks Documents
American Commodity Exchange Vacated 07/03/1981 American Commodity Exchange (ACE) was founded in 1978 and traded futures on GNMA certificates and US Treasury instruments. The last futures trades were in July 1981. The exchange closed in 1981 under an agreement whereby ACE members were offered membership in the New York Futures Exchange (NYFE). 2
American Gas Exchange, LLC Pending 09/20/2016 1
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
Aqua-Index Exchange, LLC Pending 08/10/2015 4
Aristotle Exchange DCM, Inc. Pending 10/07/2021 8
Baltimore Chamber of Commerce Vacated 08/18/1936 No futures contracts are known to have been traded on the Baltimore Chamber of Commerce after designation. Originally Designated on 8/15/1923, Vacated on 8/18/1936. 2
Bitnomial Exchange, LLC Designated 04/17/2020 3
Cantor Exchange, LLC Withdrawn 11/20/2008 On January 26, 2006, the Cantor Exchange (Cantor) requested a stay of the 180 day review period set forth in Section 6 of the Commodity Exchange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
Cboe Digital Exchange Designated 10/28/2011 This DCM was originally designated under the name Eris Exchange. It was acquired by Cboe Digital Holdings, Inc. on May 2, 2022 and changed its name to Cboe Digital Exchange, LLC on October 1, 2022. 5
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
Chicago Board of Trade (Board of Trade of the City of Chicago, Inc.) Designated 12/21/2000 On 7/12/07, the Chicago Board of Trade (CBOT) became a subsidiary of CME Group Inc. CBOT was originally organized as a grain cash market in 1848; the CBOT is generally considered to be the oldest organized futures exchange. In 1859, the CBOT was granted a charter by the Illinois legislature which, among other things, standardized grades and provided for inspectors of grain to be appointed by the CBOT, whose decisions were binding on members. In 1865, formal trading rules were instituted particularly concerning margin and delivery procedures. In 1877 the CBOT began publishing futures prices, and in 1883 the first clearing organization was established to clear CBOT contracts, initially on a voluntary basis. Under a clearing service agreement between CBOT and CME, most clearing functions for CBOT contracts are performed by CME. 1
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
Chicago Mercantile Exchange, Inc. Designated 12/21/2000 The Chicago Mercantile Exchange (CME) was originally known as the Chicago Butter and Egg Board, which was formed in 1898. It became the CME in 1919, trading futures on a variety of agricultural products. On 7/12/07, CME and the Chicago Board of Trade mergered, both becoming subsidiaries of CME Group Inc. 1
Chicago Rice and Cotton Exchange Vacated 11/08/1991 Originally designated as the New Orleans Commodity Exchange in 1981. The exchange moved to Chicago in 1983 and became the Chicago Rice and Cotton Exchange (CRCE). The CRCE was subsequently acquired by the MidAmerica Commodity Exchange (MidAm), which in turn was acquired by the Chicago Board of Trade in 1986. In 1991, the CRCE designation was vacated and its rough rice contract was transferred to the MidAm. 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
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
Commodity Exchange, Inc. Designated 12/21/2000 The Commodity Exchange (COMEX) was founded in 1933 from the merger of the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange (the oldest of these exchanges was founded in 1882). Since 1994, COMEX has operated as a subsidiary of the New York Mercantile Exchange (NYMEX). 0
Duluth Board of Trade Vacated 03/15/1972 The Duluth Board of Trade, located in Duluth, MN, was founded in 1881. The last futures trade was in 1946. Originally Designated on 5/11/1923. Vacated on 3/15/1972. 1
Electron Exchange DCM, LLC Pending 07/06/2023 7
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
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
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
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
ForecastEx LLC Pending 03/11/2022 8
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
Gemini Titan, LLC Withdrawn 02/15/2023 5
GFI Futures Exchange LLC Pending 03/19/2013 . 20
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
Hutchinson Board of Trade Association Vacated 10/26/1936 The Hutchinson Board of Trade Association operated as a wheat market in Hutchinson, Kansas. Originally designated on 3/16/1932. Vacated on 10/26/1936. 2
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
IMX Health, LLC Designated 01/18/2024 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
International Commercial Exchange Vacated 04/21/1975 Originally designated on 4/9/1971. It ceased operations in 1973 and former International Commercial Exchange traders were granted certain trading privileges on the New York Mercantile Exchange. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975 , the effective date of the CFTC Act of 1974 when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactie exchanges were effectively vacated as of 4/21/1975. 0
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
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
LedgerX LLC Designated 06/24/2019 LedgerX LLC is a DCM and a SEF doing business as FTX US Derivatives. 13
Los Angeles Grain Exchange Vacated 05/01/1953 The Los Angeles Grain Exchange traded futures contracts in corn, barley and grain sorghums. The last trade occurred in December 1945. Origanally designated on 10/24/1922. Vacated on 5/1/1953. 1
Memphis Board of Trade Vacated 04/21/1975 Founded in 1885 as the Memphis Merchants Exchange, it was the first exchange to trade soybean meal, beginning in 1940, 11 years before the Chicago Board of Trade. It became the Memphis Board of Trade in 1954 and the last futures trade occurred in 1964. Originally designated on 12/8/1940. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975 , the effective date of the CFTC Act of 1974 when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactive exchanges were effectively vacated as of 4/21/1975. 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
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
Milwaukee Grain Exchange Vacated 04/21/1975 Originally designated as the Milwaukee Chamber of Commerce. Futures trading was suspended in 1966. Originally Designated on 10/24/1922. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975 , the effective date of the CFTC Act of 1974 when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactive exchanges were effectively vacated as of 4/21/1975. 1
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
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
New Orleans Cotton Exchange Vacated 04/21/1975 Founded in 1871 as the New Orleans Cotton Exchange, it was first designated in 1936. The last futures trade occurred in 1964. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975, the effective date of the CFTC Act of 1974, when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactive exchanges were effectively vacated as of 4/21/1975. 0
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
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
New York Mercantile Exchange, Inc. Designated 12/21/2000 On August 22, 2008, The New York Mercantile Exchange (NYMEX) became a wholly-owned subsidiary of CME Group Inc. NYMEX was founded in 1872 as the Butter and Cheese Exchange of New York and became the NYMEX in 1882. Since 1994, the Commodity Exchange (COMEX) has operated as a subsidiary of NYMEX. 0
New York Produce Exchange Vacated 04/21/1975 The New York Produce Exchange (NYPE) was the first exchange to trade soybean oil, beginning in 1940. Other NYPE contracts included cottonseed oil, cottonseed meal, and pepper. Damaged by the Great Salad Oil scandal of the 1960s, the NYPE merged with the International Commercial Exchange in 1970. Originally designated on 7/21/1926. The exchange designation was never formally vacated but the exchange was not active on April 21, 1975 , the effective date of the CFTC Act of 1974 when the CFTC commenced operations. The CFTC carried over those contract market designations that were active in 1975 and for which the exchange applied for continuing contract market designation; all existing designations for inactive exchanges were effectively vacated as of 4/21/1975. 1
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