COMEX corporate (non-clearing) membership allows member firms to receive preferential Exchange fee and performance bond rates on its proprietary trading of eligible COMEX products when such proprietary trading activity is conducted in accordance with CME Group’s Fee Policies.
Eligibility and Requirements:
COMEX Rule 106.J. Membership
- Hedge Funds, commodity pools, banks, futures commission merchants, foreign brokers, broker-dealers, commodity trading advisors, introducing brokers, commercial entities, proprietary trading firms and other corporate entities are eligible for COMEX Rule 106.J. member firm status.
- The member firm is required to own or have conferred/assigned to it two COMEX memberships. Shares of CME Group are not required. The member firm is eligible for preferential Exchange rates on products within the division of membership owned or conferred/assigned. The membership and shares may be owned by the member firm or owned by one or two principals or employees of the member firm or persons, including a parent company, with an acceptable proprietary interest in the member firm and conferred/assigned for the member firm’s privileges.
- The membership may be held by the member firm, a principal or employee of the member firm or person with an acceptable proprietary interest in the member firm. The principal, employee or person with an acceptable proprietary interest must be approved for COMEX individual membership.
- The member firm is eligible for preferential Exchange fee rates for its proprietary trading of products (open auction and electronic) within the division of memberships owned or assigned when such trading activity is conducted in accordance with CME Group Fee Policies. The trading activity of parent companies, affiliates, subsidiaries or customers of the member firm are not eligible for preferential Exchange fee rates.
Links for Additional Information:
Process for COMEX Corporate Membership:
The Application for Corporate Membership – Corporate Information, the Agreement for COMEX Non-Clearing Membership and all required documents, should be submitted to CME Group’s Audit Department. Hedge Fund applicants should complete the Application for Corporate Membership – Hedge Fund –Corporate Membership and the COMEX Agreement for Non-Clearing Membership – Hedge Fund. The Audit Department is responsible for the review and approval of all corporate member firm applicants. The application process takes approximately four to six weeks from the time all required documents are submitted.
If the member firm elects to have individuals placed on memberships which are owned by and/or assigned to the member firm, these individuals must apply for individual COMEX membership status unless they are current members of COMEX. Refer to the individual COMEX membership application process.
Forms for COMEX Corporate Membership:
Click here for Application for Corporate Membership – Corporate Information
Click here for COMEX Non-Clearing Agreement for Membership
Click here for Application for Corporate Membership – Hedge Fund – Corporate Information
Click here for COMEX – Agreement for Non-Clearing Firms – Hedge Fund
Click here for Additional Forms