| New European Gasoil (ICE) Futures on CME Globex and CME ClearPort |
On Saturday, August 22 2009, for trade date Monday, August 24, 2009, the Exchange will list a European Gasoil (ICE) futures contract for trading on the CME Globex electronic trading platform and for submission for clearing through CME ClearPort. This contract is listed by NYMEX, and is subject to NYMEX and CME rules and regulations.
Product |
CME ClearPort Clearing
Code |
CME Globex
Code |
Rule |
European Gasoil (ICE) Futures |
7F |
GLI |
712 |
The first listed month for this contract will be the September 2009 contract month. The contract will be financially settled and listed for 36 consecutive months.
Fee Schedule
CME Globex Billing Rates |
CME ClearPort Clearing
Billing Rates |
Cash Settlement Fee |
Day Trade: $0.35 |
Member: $0.60 |
Member: $0.60 |
Overnight Trade:
Member: $0.60
Non-Member: $0.75 |
Non-Member: $0.75 |
Non-Member: $0.75 |
CME Globex – IIP Rate: $0.70
CME COMEX Blended Rate: $0.75 |
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This new petroleum contract will be available on CME Globex from 6:00 p.m. Sunday until 5:15 p.m. Friday (New York prevailing time). There is a 45-minute halt in trading each day between 5:15 p.m. (current trade date) and 6:00 p.m. (next trade date).
The Exchange will allow exchange of futures for physical (EFP) and exchange of futures for swap (EFS) transactions to be submitted through CME ClearPort clearing. The EFP and EFS transactions in this futures contract will be governed by the provisions of Exchange Rules 6.21 and 6.21A, respectively.
For further information, please contact Daniel Brusstar at (212) 299-2604.
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| Listing of Three NYISO Electricity Options |
Beginning on Sunday, August 23, 2009, for trade date Monday, August 24, 2009, the Exchange, Inc. will dually list for trading on the New York trading floor and for clearing through CME ClearPort, American-style option contracts on NYISO Zone A 5 MW Peak Calendar-Month Day-Ahead LBMP Swap; NYISO Zone G 5 MW Peak Calendar-Month Day-Ahead LBMP Swap; and NYISO Zone J 5 MW Peak Calendar-Month Day-Ahead LBMP Swap. These options are listed by and subject to the rules and regulations of NYMEX.
Contract Specifications
Product |
Code |
Rule Chapter |
Underlying Futures |
NYISO Zone A 5 MW Peak Calendar-Month Day-Ahead
LBMP Swap Option |
9T |
902a |
K3 |
NYISO Zone G 5 MW Peak Calendar-Month Day-Ahead
LBMP Swap Option |
9U |
904a |
T3 |
NYISO Zone J 5 MW Peak Calendar-Month Day-Ahead
LBMP Swap Option |
9V |
906a |
D3 |
Option Classification
American-style Option (Exercises into underlying futures contract close of business any business day up to expiration).
Futures Exercise
A NYISO 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Option put or call option contract traded on the Exchange represents an option to assume a short or long position in the underlying NYISO 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures contract traded on the Exchange.
Strike Price Intervals
Twenty strike prices in increments of $.50 per MWh above and below the at-the-money strike price, for a total of at least 41 strike prices. Strike price boundaries are adjusted according to futures price movements.
Expiration Dates
The expiration date is the second to last business day prior to the futures contract month.
Minimum Price Fluctuation
$0.01 (1¢) per MWh.
Contract Size
80 MWh.
Trading Months
Consecutive monthly contracts for the balance of current year plus three additional calendar years beginning with the September 2009 contract.
Fee Schedule
(½ Turn) |
Member
Billing Rates |
Cross Division (Blended) |
Non-Member |
CME ClearPort |
$.40 |
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$.40 |
Block Trading Surcharges |
N/A |
N/A |
N/A |
Open Outcry |
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Day Trade |
$.40 |
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O/N Trade |
$.40 |
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$.40 |
EOO |
$.40 |
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$.40 |
Futures Resulting from Exercise |
$.40 |
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$.40 |
EFS, EFP, Spreads, Strips and ex Pit trades are available at standard member and nonmember rates – no surcharges apply. |
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House Account |
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Customer Account |
Exercise |
$.40 |
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$.40 |
For further information, please contact the Energy and Metals hotline at (212) 299-2301.
Or email exchangeinformation@cmegroup.com with any questions.
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Delisting of NYMEX AECO/NIT Basis Swap (NGX/CGPR) Contract;
Trading and Clearing Fee Waiver
and Change of Final Settlement Reference from Natural Gas Exchange (NGX) |
Please be advised that the last trade date for NYMEX AECO/NIT Basis Swap (NGX/CGPR), commodity code NA, will be August 31, 2009. The September 2009 contract will be settled in accordance with the Natural Gas Exchange (NGX) Canadian Gas Price Reporter (CGPR) (NGX/CGPR) index. Final settlement for all remaining contract months beginning with the October 2009 contract month will no longer be based on the NGX/CGPR index. On August 31, the Exchange will conduct a final mark-to-market following the close of trading and cash settle all remaining open positions in all contract months for the AECO/NIT Basis Swap contract. In addition, as of April 28, 2009, associated CME ClearPort fees continue to be waived for all participants.
For a list of amended contract specifications, please click here.
For further information, please contact Brad Leach at (212) 299-2609, Adila Mchich at (212) 299-2270 or Bob Levin at (212) 299-2390.
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Listing of Three New 5-Decimal Natural Gas Liquid Contracts on
CME ClearPort |
Beginning on Sunday, August 16, 2009, for trade date Monday, August 17, the Exchange, Inc. will list three new natural gas liquid (NGL) futures contracts for trading and for submission for clearing on CME ClearPort, a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide capital efficiencies across asset classes. These new NGLs accommodate for a 5-decimal point price.
These contracts are listed by and are subject to NYMEX rules and regulations.
Contract |
Code |
Rule Chapter |
Mont Belvieu LDH Propane 5 Decimals (OPIS) Swap Future |
B0 |
409 |
Mont Belvieu Ethane 5 Decimals (OPIS) Swap Futures |
C0 |
410 |
Mont Belvieu Normal Butane 5 Decimals (OPIS) Swap Futures |
D0 |
411 |
Settlement is financial. The first listed contract month will be September 2009. The Exchange will list up to 48 consecutive contract months for Propane, and 36 consecutive contract months for Ethane and Normal Butane.
Fee Schedule:
CME ClearPort Billing Rates |
Cash Settlement Fee |
Member: $0.85 |
Member: $0.85 |
Non-Member: $1.35 |
Non-Member: $1.35 |
Block fees do not apply.
The new contracts will be available during normal trading hours on CME ClearPort. Electronic trading and clearing is conducted from 6:00 p.m. Sunday until 5:15 p.m. Friday (New York prevailing time). There is a 45-minute halt in trading each day between 5:15 p.m. (current trade date) and 6:00 p.m. (next trade date).
The Exchange will allow exchange of futures for physical (EFP) and exchange of futures for swap (EFS) transactions to be submitted through CME ClearPort clearing. The EFP and EFS transactions in this futures contract will be governed by the provisions of Exchange Rule 538.
For further information, please contact Daniel Brusstar at (212) 299-2604.
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| Nine New Petroleum Futures Contracts on CME ClearPort |
Launched on Sunday, August 2 2009, for trade date Monday, August 3, 2009, nine new petroleum futures contracts are now available on CME ClearPort.
These contracts are listed by and are subject to NYMEX rules and regulations.
For contract specifications, please click the respective product links below.
Contract |
Code |
Rule Chapter |
Dated Brent (Platts) Daily Swap Futures |
7G |
714 |
Premium Unleaded Gasoline 10ppm (Platts) Rdam FOB Barges Swap Futures |
7L |
715 |
Premium Unleaded Gasoline 10ppm (Platts) Rdam FOB Barges BALMO Swap Futures |
7N |
716 |
EuroBob Gasoline 10ppm (Platts) Rdam FOB Barges
Swap Futures |
7P |
717 |
EuroBob Gasoline 10ppm (Platts) Rdam FOB Barges BALMO Swap Futures |
7S |
719 |
Gasoline Euro-bob Oxy (Argus) NWE Barges Swap Futures |
7H |
729 |
Gasoline Euro-bob Oxy (Argus) NWE Barges BALM
Swap Futures |
7R |
731 |
Gasoline Euro-bob Oxy (Argus) NWE Barges Crack Spread Swap Futures |
7K |
732 |
Gasoline Euro-bob Oxy (Argus) NWE Barges Crack Spread BALMO Swap Futures |
7I |
733 |
For further information, please contact Daniel Brusstar at (212) 299-2604.
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| Legacy NYMEX miNY Contract Name Changes |
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Please be advised that on Sunday, August 16, 2009 for trade date Monday, August 17, 2009, the Exchange will update the names of the following mini-sized contracts. No other attributes of these contracts will be changing.
Product Code |
Old Product Name |
New Product Name |
QM |
Crude Oil miNY |
E-mini Crude Oil Futures |
QG |
Natural Gas miNY |
E-mini Natural Gas Futures |
QH |
Heating Oil miNY |
E-mini Heating Oil Futures |
QU |
Gasoline miNY |
E-mini Gasoline Futures |
If you have any technical questions or concerns regarding these products, please contact:
Rob Schroeder (212) 299-2755
Paul Sacristan (212) 299-2678
For product information, please call the Marketing hotline at (212) 299-2301.
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