September 17, 2010
CFTC Issues Orders Permitting the Transfer of Minneapolis Grain Exchange’s Contract Market Designation and Derivatives Clearing Organization Registration
Washington, DC – On September 16, 2010, the Commodity Futures Trading Commission (CFTC) approved and issued orders permitting the transfer of the Minneapolis Grain Exchange’s (MGEX’s) (1) Contract Market Designation, (2) Derivatives Clearing Organization Registration, (3) listed contracts, and (4) positions comprising the open interest in those contracts to a newly-formed Delaware corporation, Minneapolis Grain Exchange, Inc. The Commission also approved proposed changes to the MGEX’s bylaws and the addition of the new corporation’s Certificate of Incorporation to the exchange’s rulebook. All permitted transfers will become effective upon execution of the merger.
R. David Gary
Last Updated: September 17, 2010