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Exchange rulebook

The rulebook governs every market listed on the exchange and every member who trades on it. Amendments are filed with the CFTC and take effect after the applicable review period.

Ch. 1

Definitions & Interpretation

Terms used throughout the rulebook and how they are construed.

Ch. 2

Membership

Eligibility, onboarding, identity verification and account obligations.

Ch. 3

Trading Rules

Order types, matching priority, trading halts and error-trade policy.

Ch. 4

Contract Listing & Terms

How markets are designed, reviewed and listed, including settlement sources.

Ch. 5

Settlement

Determination of outcomes, payment timing and dispute procedures.

Ch. 6

Prohibited Conduct

Manipulation, insider trading on settlement sources, wash trading and spoofing.

Ch. 7

Market Surveillance & Discipline

Monitoring, investigations, sanctions and appeals.

Ch. 8

Funds & Custody

Segregation of member property and treatment of balances.

Ch. 9

Emergency Authority

Actions the exchange may take to protect market integrity.

Demo clone — chapter summaries are placeholders and downloads are non-functional.