Effective Sunday, May 10, 2015 for trade date Monday, May 11, 2015, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX) and Commodity Exchange, Inc. (COMEX) (collectively, the Exchanges) will amend NYMEX/COMEX Rule 589 (Special Price Fluctuation Limits) to modify the monitoring period following a triggering event from five minutes to two minutes for certain metals futures and options contracts. Price fluctuation limits deter sharp price movements that may, for example, be driven by illiquid central limit order books prevailing from time to time in otherwise liquid markets.
Please refer to the following appendixes for details regarding special price fluctuation limits for certain NYMEX/COMEX metals futures and options contracts:
Appendix A: Metals Futures and Options Contracts Subject to NYMEX/COMEX Rule 589
Appendix B: Amendments to NYMEX/COMEX Rule 589 (blackline format)
Questions regarding this notice may be directed to:
Joann Arena +1 212 299 2356 Joann.Arena@cmegroup.com
Miguel Vias +1 212 299 2358 Miguel.Vias@cmegroup.com
Youngjin Chang +1 312 466 4637 Youngjin.Chang@cmegroup.com
Fred Penha +1 212 299 2353 Fred.Penha@cmegroup.com
Sandra Ro +44 203 379 3789 Sandra.Ro@cmegroup.com
Anindya Boral +44 203 379 3738 Anindya.Boral@cmegroup.com
George Adcock +44 203 379 3737 George.Adcock@cmegroup.com
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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.