What is the Chicago Mercantile Exchange (CME) Definition of a Professional vs Non Professional

In order to qualify for Non-Professional status, all of the following criteria must be met by the Subscriber:

 
1) Existing industry standards 
NON-PROFESSIONAL SUBSCRIBER - Any natural person whom a market data Distributor has 
determined qualifies as a "Non-Professional Subscriber" and who is not: 
(a) Registered or qualified with: the Securities and Exchange Commission, the Commodities 
Futures Trading Commission, any state securities agency, any securities exchange or 
association, or any commodities or futures contract market or association, nor 
(b) Engaged as an "investment advisor" as that term is defined in Section 201(11) of the 
Investment Advisor's Act of 1940 (whether or not registered or qualified under that Act), 
nor 
(c) Employed by a bank or another organization that is exempt from registration under 
Federal and/or state securities laws to perform functions that would require him or her to 
be so registered or qualified if he or she were to perform such functions for an 
organization not so exempt. 
2) Subscriber must be viewing the data via a device capable of routing orders to CME Globex and 
have an active/capitalized futures account. 
3) Subscriber must NOT hold or lease any type of membership at any of CME Group’s DCMs. 
4) Any person who does meet the above criteria (1, 2 & 3) is considered a Professional Subscriber.

 

As an Extra note for active traders. If you have 3 or more logins you may be considered a professional. So if you have main accounts and sub accounts please check with the help desk to make sure you fill out non pro documents.