• Implementation of Diminishing Balances for the Australian Coking Coal (Platts) Low Vol Futures Contract

      • #
      • MSN09-27-17B
      • Notice Date
      • 27 September 2017
      • Effective Date
      • 02 October 2017
    • Commencing with the October 2017 contract month and beyond, the New York Mercantile Exchange, Inc. (“NYMEX” or the “Exchange”) will add diminishing balances to the Australian Coking Coal (Platts) Low Vol Futures contract (the “Contract”) (Rule Chapter: 1111, Commodity Code: ALW) since the floating price for the Contract is calculated as the average price of all daily price assessments for a given calendar month. Diminishing Balance contracts are those whose front-month open positions, as counted for position limit purposes, diminish as the contract month progresses toward expiration.

      For the full text of this notice, please see link attached below.