(A pdf version of Ch. 5 is at the bottom of the page)

500.                  SCOPE OF CHAPTER

FLOOR PRIVILEGES

501.                  EMPLOYEES OF MEMBERS

502.                  ADMISSION TO FLOOR

503.                  RETIRED MEMBERS

504.                  [RESERVED]

505.                  BOOTH AND FLOOR PRIVILEGES

506.                  HEADSET PRIVILEGES ON THE TRADING FLOOR
                                 506.A.   Access and Supervision
                                 506.B.   Use of Headsets

507.                  ELECTRONIC DEVICES
                                 507.A.   General Provisions
                                 507.B.   Terms and Conditions of Use
                                 507.C.   Electronic Surveillance
                                 507.D.   Personal Electronic Devices
                                 507.E.   Cameras and Video Equipment

508.                  GIVING AND RECEIVING OF GRATUITIES

509.                  [RESERVED]

TRADING QUALIFICATIONS AND REGULATIONS

510.                  REQUIREMENTS FOR MEMBERS AND THEIR EMPLOYEES ON THE TRADING FLOOR

511.                  QUALIFIED TRADERS AND BROKERS
                                 511.A.   Floor Trading
                                 511.B.   GlobexTrading

512.                  [RESERVED]

513.                  CONDUCT, APPAREL AND BADGES
                                 513.A.   General
                                 513.B.   Sanctions
                                 513.C.   Hearings and Appeals

514.                  TRADING INFRACTIONS
                                 514.A.   Definitions
                                 514.B.   Floor Conduct Committee Fining Authority

515.                  REGISTRATION AND IDENTIFICATION OF BROKER ASSOCIATIONS
                                 515.A.   Definitions
                                 515.B.   Registration Requirements
                                 515.C.   Prohibitions
                                 515.D.   [RESERVED]
                                 515.E.   Intra-Association Trading
                                 515.F.   Broker Association Enforcement Program

516.                  ERROR ACCOUNTS

517.-519.           [RESERVED]

TRADING PRACTICES

520.                  TRADING CONFINED TO EXCHANGE FACILITIES

521.                  PIT TRADING

522.                  CHANGERS
                                 522.A.   Application and Notices
                                 522.B.   Execution of Changing Transactions
                                 522.C.   Recordkeeping and Clearing
                                 522.D.   Fees
                                 522.E.   Miscellaneous

523.                  ACCEPTANCE OF BIDS AND OFFERS

524.                  FUNDS IN TRADING ACCOUNTS CARRIED BY CLEARING MEMBERS

525.                  [RESERVED]

526.                  BLOCK TRADES

527.            OUTTRADES, ERRORS AND MISHANDLING OF ORDERS
                                527.A.   Outtrades Discovered During a Regular Trading Hours Trading Session
                                527.B.   Outtrades Discovered After a Regular Trading Hours Trading Session
                                527.C.   Outtrades Resolution
                                527.D.   Errors and Mishandling of Orders

 528.                  PRICE REPORTING

529.                  WITHHOLDING ORDERS PROHIBITED

530.                  PRIORITY OF CUSTOMERS’ ORDERS

531.                  TRADING AGAINST CUSTOMERS’ ORDERS PROHIBITED
                                 531.A.   General Prohibition
                                 531.B.   Exceptions

532.                  DISCLOSING ORDERS PROHIBITED

533.                  SIMULTANEOUS BUY AND SELL ORDERS FOR DIFFERENT BENEFICIAL OWNERS

534.                  WASH SALES PROHIBITED

535.                  RESPONSIBILITY OF FLOOR TRADERS AND FLOOR BROKERS

536.                  RECORDKEEPING REQUIREMENTS FOR PIT, GLOBEX, AND NEGOTIATED TRADES
                                 536.A.   General Requirements for Open Outcry Pit Trades
                                 536.B.   Globex Order Entry
                                 536.C.   Bunched Orders and Orders Eligible for Post Execution Allocation
                                 536.D.   Customer Type Indicator (CTI) Codes
                                 536.E.   Negotiated Trades
                                 536.F.   CTR Enforcement Program and Sanction Schedule
                                 536.G. Telephone Recordings

537.                  [RESERVED]

538.                  EXCHANGE OF FUTURES FOR RELATED POSITIONS

539.                  PREARRANGED, PRE-NEGOTIATED AND NONCOMPETITIVE TRADES PROHIBITED
                                 539.A.   General Prohibition
                                 539.B.   Pre-Execution Communications Regarding Globex Trades Prohibited
                                 539.C.   Exceptions

540.                  RESPONSIBILITY FOR CUSTOMER ORDERS
                                 540.A.   Standard of Responsibility
                                 540.B.   Liability for Negligence

541.                  [RESERVED]

542.                  SIMULTANEOUS SPREAD AND COMBINATION TRANSACTIONS

543.                  [RESERVED]

544.                  CLOSING DAY ORDERS

545.                  [RESERVED]

546.                  OPENING AND CLOSING RANGES DURING REGULAR TRADING HOURS

547.                  DISCRETIONARY ORDERS

548.                  PRIORITY OF EXECUTION

549.                  [RESERVED]

550.                  POST CLOSE SESSION

551.-552.           [RESERVED]                

553.                  AVERAGE PRICE SYSTEM
                                 553.A.   Application of Average Prices
                                 553.B.   Requirements for APS Trades
                                 553.C.   Computation of Average Price
                                 553.D.   Disclosure

554.-558.           [RESERVED]

559.                  POSITION LIMITS AND EXEMPTIONS
                                 559.A.   Bona Fide Hedging Positions
                                 559.B.   Risk Management Positions
                                 559.C.   Arbitrage and Spread Positions
                                 559.D.   Aggregation of Positions
                                 559.E.   Independently Controlled Positions
                                 559.F.   Application to Exceed Hedge, Risk Management, Arbitrage or Spread Position Limits
                                 559.G. Violations

560.                  POSITION ACCOUNTABILITY

561.                  REPORTS OF LARGE POSITIONS
                                 561.A.   General Provisions
                                 561.B.   Reportable Levels

562.-572.          [RESERVED]

573.                GLOBEX OPENING

574.                GLOBEX ACCESS RESTRICTIONS

575.                [RESERVED]

576                 IDENTIFICATION OF GLOBEX TERMINAL OPERATORS

577.                [RESERVED]

578.                  LIMITATION OF LIABILITY, NO WARRANTIES

579.                GLOBEX CONTROL CENTER
                                 579.A.    Customer Support
                                 579.B.    GCC Communications
                                 579.C.    Order Status
                                 579.D.    Cancellation of Orders at Prices Outside of the Applicable Globex Price Limits

580-586.                [RESERVED]

587.                PHANTOM ORDERS
                                 579.A.    Definitions
                                 579.B.    Permissible Responses
                                 579.C.    Limitation of Liability

588.            TRADE CANCELLATIONS AND PRICE ADJUSTMENTS

  

INTERPRETATIONS & SPECIAL NOTICES RELATING TO CHAPTER 5

 ACCESS, CONDUCT AND APPEARANCE CODE

QUOTATION CHANGES

POSITION LIMIT AND REPORTABLE LEVEL TABLE
(A PDF of the Position Limit and Reportable Level Table is below.)