| Listing of Eleven Natural Gas Basis Option Contracts |
Beginning on Sunday, August 2, 2009 for trade date Monday, August 3, 2009, the Exchange, Inc. will dually list for trading on the NYMEX trading floor and through CME ClearPort, eleven financially settled basis options contracts on delivery locations. Each options contract is a European-style (no early expiration) option based on the price differential at expiration between its particular delivery point and the underlying futures contract.
These contracts are subject to the rules and regulations of NYMEX.
Contract |
Chapter |
Code |
Underlying Futures |
Henry Hub Basis Option |
509a |
5E |
HB |
Houston Ship Channel Basis (Platts IFERC) Option |
518b |
5F |
NH |
SoCal Basis Option |
520b |
5M |
NS |
Northwest Pipeline, Rockies Basis Option |
524b |
5I |
NR |
Panhandle Basis Option |
525b |
5K |
PH |
Michigan Consolidated Gas Basis Option |
619b |
4W |
NF |
Texas Eastern Zone M-3 Basis Option |
621b |
5N |
NX |
Columbia Gas Transmission Corp. Appalachia (TCO) Basis (Platts IFERC) Option |
622b |
5D |
TC |
Natural Gas Pipeline Co. of America (NGPL) TexOk Basis Option |
625b |
5H |
PD |
Natural Gas Pipeline Co. of America (NGPL) Mid-Con Basis Option |
629b |
5G |
NL |
Waha Basis Option |
634b |
5O |
NW |
Fee Schedule for the eleven basis option contracts
(½ Turn) |
Member |
Cross Division (Blended) |
Non-Member |
CME ClearPort Clearing |
$.54 |
|
$.67 |
Block Trading Surcharges |
N/A |
N/A |
N/A |
Open Outcry |
|
|
|
Day Trade |
N/A |
|
|
O/N Trade |
$.54 |
$.54 |
$.67 |
EOO |
$.54 |
$.54 |
$.67 |
Cash Settlement |
$.90 |
N/A |
$1.15 |
EFS, EFP, Spreads, Strips and ex Pit trades are available at standard member and nonmember rates – no surcharges apply. |
 For further information, please contact the Energy and Metals hotline at (212) 299-2301 or visit www.cmegroup.com/energy
|
| Reduction of Listed Months for Petroleum Contracts |
Effective trade date Monday, July 20, 2009, the New York Mercantile Exchange, Inc. has reduced the listed contract months for four petroleum contracts from the current listing of 36 consecutive contract months to a listing of 12 consecutive months. The Exchange will delist the back 24 contract months for the following products:
Contract |
Code |
Rule |
Trading Venue |
NYMEX New York Harbor Ultra-Low Sulfur Diesel (ULSD) Contract |
LH |
151 |
CME ClearPort, CME Globex, NYMEX Trading Floor |
NYMEX Gulf Coast Gasoline Contract |
LR |
180 |
CME ClearPort, CME Globex, NYMEX Trading Floor |
NYMEX Gulf Coast Ultra Low Sulfur Diesel Contract |
LU |
181 |
CME ClearPort, CME Globex, NYMEX Trading Floor |
NYMEX New York Harbor Ethanol Contract |
QE |
192 |
CME ClearPort, CME Globex, NYMEX Trading Floor |
Should you have any questions concerning the above, please contact Daniel Brusstar at (212) 299-2604.
|
| New Fee Rates for Existing Electricity Option Contracts |
Effective Sunday, July 26, 2009, for trade date Monday, July 27, the Exchange will revise the fee schedule as noted for the following electricity option contracts listed on CME ClearPort:
Contract |
Code |
Member
Rate |
Non-Member Rate |
Cinergy Calendar-Month LMP Swap Peak Option |
OY |
$4.00
$1.75 |
$4.00
$2.50 |
AEP-Dayton Calendar-Month LMP Swap Peak Option |
OT |
$4.00
$1.75 |
$4.00
$2.50 |
Northern Illinois Calendar-Month LMP Swap Peak Option |
OU |
$4.00
$1.75 |
$4.00
$2.50 |
ISO New England Calendar-Month LMP Swap Peak Option |
OE |
$4.00
$1.75 |
$4.00
$2.50 |
The trading floor fee schedule remains unchanged.
Should you have any questions or require any further information, please contact Mike O’Neill at 212.299.2348.
|
| Regulation of the Derivatives Market - Current Perspectives |
|
Sponsored by PRIMA and CME Group
Thursday, July 23, 2009
CME Auditorium
20 South Wacker Drive
Chicago IL 60606
The Professional Risk Managers' International Association (PRMIA) and CME Group will be hosting a special evening forum which will explore the current and future state of regulation within the derivatives industry.
The panelists will include a market practitioner, an economist and a regulator - unique perspectives which will provide some very interesting dialogue on this topic.
Presenters:
- Ram Kelkar, Managing Director Capital Markets and Trading, Milliman Financial Risk Management
- Robert McDonald, Erwin P. Nemmers Professor of Finance, Kellogg School of Management
- William C. Kokontis, Regional Administrator and Director, Chicago Surveillance Branch Division of Market Oversight, Commodity Futures Trading Commission
 For more information and to register, please click here.
|
