News Release

Exchange Annuonces Position Limits and Accountability Levels for New Natural Gas Futures Contracts

Wed Apr 20 2005
NEW YORK, N.Y., April 20, 2005 — The New York Mercantile Exchange, Inc., today announced the position limits and accountability levels for its 16 new natural gas index and swing futures contracts that will launch for trading and clearing on NYMEX ClearPortsm on April 25.

The position accountability levels for all 16 new contracts will be 10,000 contracts for any single month or all months. For the last three days of the expiring month, San Juan swing futures, Kern Opal swing futures, SoCal swing futures, PG&E Citygate swing futures, Dominion, South Point swing futures, San Juan index futures, Rockies index futures, SoCal index futures, PG&E Citygate index futures, and Dominion index futures contracts have a 2,000-contract position accountability level; TETCO M-3 swing futures, Transco Zone 6 swing futures contracts, TETCO M-3 index futures, and Transco Zone 6 index futures contracts have a 1,500-contract position accountability level; and Sumas swing futures and Sumas index futures contracts have a 1,000-contract position accountability level. Clearing members must identify customers with a position of 25 contracts or more to the Exchange.



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