Please be advised that effective Sunday, August 29, 2010, for trade date Monday, August 30, 2010, the New York Mercantile Exchange, Inc. (NYMEX) will implement the following changes for the U.S. Midwest Domestic Hot-Rolled Coil Steel Futures contract (Commodity code HR; Rule chapter 920) listed for trading on CME Globex and for clearing through CME ClearPort:
1. Expansion of listed contract months listing from current eighteen (18) consecutive contract months to twenty-four (24) consecutive contract months.
2. Reduce the minimum price fluctuation (tick size) from $5.00 per short ton to $1.00 per short ton. As such, Rule 920.05 (“Prices and Fluctuations”) will be amended as follows:
(underline indicates addition; strikethrough indicates deletion)
920.05 Prices and Fluctuations
Prices shall be quoted in U.S. dollars and cents per ton. The minimum price fluctuation shall be
$5 per short ton. There shall be no maximum price fluctuation.
For additional information, please contact Joann Arena at (212) 299-2356.
Register for regular updates here and manage your email preferences.