NYMEX corporate (non-clearing) membership allows member firms to receive preferential Exchange fee and performance bond rates on its proprietary trading of NYMEX products when such proprietary trading activity is conducted in accordance with CME Group’s Fee Policies.
Eligibility and Requirements:
NYMEX 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 NYMEX Rule 106.J. member firm status.
- The member firm is required to own or have conferred/assigned to it two NYMEX memberships and 6,000 shares of CME Group. If the member firm is also a CME clearing or corporate equity member or a CBOT clearing or Rule 106.J./106.S. equity member, it must own or confer/assign 9,000 shares. If the member firm is also a CME clearing or corporate equity member and CBOT clearing or Rule 106.J./106.S. equity member, it must own or confer/assign 12,000 shares. 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 assigned for the member firm’s privileges.
- The membership may be held by the member firm or 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 NYMEX individual membership.
- The member firm is eligible for preferential Exchange fee rates for its proprietary trading of products (open auction and electronic) on NYMEX products 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 NYMEX Corporate Membership:
The Application for Corporate Membership – Corporate Information, the Agreement for NYMEX 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 NYMEX 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 NYMEX membership status unless they are current members of NYMEX. Refer to the individual NYMEX membership application process.
Forms for NYMEX Corporate Membership:
Click here for Application for Corporate Membership – Corporate Information
Click here for NYMEX Non-Clearing Agreement for Membership
Click here for Application for Corporate Membership – Hedge Fund – Corporate Information
Click here for NYMEX Non-Clearing Agreement for Membership – Hedge Fund
Click here for Additional Forms