Effective on January 4, 2010, NYMEX will adopt a 200-contract minimum block trading threshold pursuant to Rule 526 (“Block Trades”) in the recently launched NYMEX Gulf Coast Sour Crude Oil futures contract.
The 200-contract minimum is also the current minimum threshold applicable to the comparable Light Sweet Crude Oil futures contract.
Additional information concerning block trades in NYMEX and COMEX products is provided in today’s release of NYMEX & COMEX Market Regulation Advisory Notice RA0915-4, available on the CME Group Web site via the following link:
If you have any questions concerning block trade rules or requirements, please contact Anthony Densieski, Director, Market Regulation, at 212.299.2881. Questions concerning the NYMEX Gulf Coast Crude Oil futures contract may be directed to Joseph Raia, Managing Director, Energy & Metals Products, at 212.299.2374.
For media inquiries concerning this Special Executive Report, please contact CME Group Corporate Communications at 312.930.3434 or firstname.lastname@example.org.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.