CFTC Releases Rule Enforcement Review of Minneapolis Grain Exchange, Inc.

The CFTC Division of Market Oversight (the "Division") issued the results of its rule enforcement review of the Minneapolis Grain Exchange, Inc. ("MGEX").

The Division evaluated MGEX's compliance with designated contract market ("DCM") Core Principles 2, 3 and 5, as well as CFTC rules related to an exchange's market surveillance program. The review covered a one-year target period.

The Division found MGEX's market surveillance program to be in compliance with the assessed DCM Core Principles and CFTC rules. However, the Division also recommended that MGEX (i) consider adopting a hedge exemption application process in its rulebook for its Hard Red Spring Wheat futures contract and (ii) take appropriate measures to ensure that all market surveillance investigations are well documented.

See: MGEX Market Surveillance Rule Enforcement Review; CFTC Press Release.