"...The purpose of this Program is to incentivize Central Banks located outside of the United States to trade the products listed below on the CME Globex® Platform. The resulting increase in liquidity in the products listed below benefits all participant segments in the market...
The Exchanges’ staff identified the following Core Principles as potentially being impacted; Prevention of Market Disruption, Execution of Transactions, Protection of [the biggest] Market Participants and Compliance with Rules and Record Keeping.
...The Exchanges’ market regulation staff will monitor trading in the Program’s products to prevent manipulative trading and market abuse.
Would love to see the compliance file.
Product Scope; All CME, CBOT, and NYMEX futures and options contracts available for trading on the CME Globex Platform, and all COMEX futures products available for trading on the CME Globex® Platform (“Products”).
There is no limit to the number of participants that may participate in the Program.
All non-U.S. central banks may apply for participation.
Start date is July 1, 2013. End date is December 31, 2014.
The Exchanges shall monitor trading activity and participants’ performance"...
Meaning the Exchanges know how much of what
has been traded by whom, and when.