• Position Limits, Accountability Levels and Large Trader Reporting Requirements in Connection with the Initial Listing of Eight (8) Singapore Gasoil Futures Contracts and Amendments to the Singapore Gasoil 10 ppm (Platts) vs. Singapore Gasoil (Platts) Futures Contract

      • #
      • MSN11-29-17
      • Notice Date
      • 29 November 2017
      • Effective Date
      • 04 December 2017
    • In connection with the listing of New York Mercantile Exchange, Inc.’s (“NYMEX” or “Exchange”) eight (8) Singapore Gasoil futures contracts on trade date Monday, December 4, 2017 (see SER-8016R published November 13, 2017), please note in Exhibit B of NYMEX Submission No. 17-423, the corresponding spot month position limits (Rule 559), aggregation allocations (Rule 559.D.), single month and all month accountability levels (Rule 560) and reportable levels (Rule 561) for the new contracts. The contracts shall have diminishing balances.

      Additionally, the Exchange shall amend the Singapore Gasoil 10 ppm (Platts) vs. Singapore Gasoil (Platts) (Rule Chapter: 862, Commodity Code: STZ) futures contract (the “Contract”) (see SER-8016R published November 13, 2017). Specifically, the Exchange will amend the contract title and floating price rule for the Contract as noted in NYMEX Submission No. 17-393 and Exhibit C of NYMEX Submission No. 17-393. The amendments are being implemented to reflect a Platts methodology change for assessing their Singapore gasoil benchmark. 

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