October 6, 2009

Topics include:

Listing of Four 5-Decimal Natural Gas Liquid Average Price Option Contracts
Delisting 22 Inactive Contracts
Customer Forums: Latest Updates & Information about CME Globex and CME ClearPort
CME Group Receives Technology Award
Energy Update - Archive



Listing of Four 5-Decimal Natural Gas Liquid Average Price Option Contracts

Beginning on Sunday, October 11, 2009, for trade date Monday, October 12, 2009, the Exchange will list for trading on the NYMEX trading floor and for clearing through CME ClearPort, financially settled average price option contracts on four Natural Gas Liquid contracts as listed below. These option contracts are virtually identical to previously-listed average price option contracts except that they will trade in one-thousandth of a cent ($.00001) per gallon as opposed to the previous contracts, which traded in one-hundredth of a cent ($.0001) per gallon. These new average price option contracts will also trade in strike increments of one-hundredth cent per gallon ($.0001/gallon).

These contracts are listed by and subject to the rules and regulations of NYMEX.

Contract Specifications

Contract

Code

Rule Chapter

Mont Belvieu LDH Propane 5 Decimals (OPIS) Average Price Option

4H

409A

Mont Belvieu Natural Gasoline 5 Decimals (OPIS) Average Price Option

4I

405A

Mont Belvieu Ethane 5 Decimals (OPIS) Average Price Option

4J

410A

Mont Belvieu Normal Butane 5 Decimals (OPIS) Average Price Option

4K

411A


Option Classification
Average Price Option (financially settled only on expiration day).

Financial Settlement
A long call option will be financially settled on expiration day by the final settlement price for the underlying futures less the strike price, or zero, whichever is greater. A long put will be financially settled on expiration day by the strike price less the final settlement price for the underlying futures contract, or zero, whichever is greater.

Strike Price Intervals
Twenty strike prices in increments of $.0001 per gallon 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 last business day of the underlying month of the futures contract.

Minimum Price Fluctuation
$0.00001 (1¢) per gallon.

Contract Size
42,000 gallons.

Trading Months
36 consecutive monthly contracts beginning with the October 2009 contract month.

Fee Schedule

(½ Turn)

Member

Cross Division (Blended)

Non-Member

CME ClearPort

$1.75

 

$2.50

 

 

 

 

Open Outcry

 

 

 

Day Trade

$.45

 

 

O/N Trade

$.70

$.95

$1.45

 

 

 

 

Cash Settlement

$.90

 

$1.15

EFS, EFP, Spreads, Strips and ex Pit trades are available at standard member and nonmember rates – no surcharges apply. No block trades acceptable.


 For additional information, please contact the Energy Hotline at (212) 299-2301 or email exchangeinformation@cmegroup.com.

Delisting 22 Inactive Contracts

On Monday, September 21, 2009, the Exchange delisted the inactive contracts referenced below. Please note that these products were listed on the NYMEX trading floor and were available through CME ClearPort.

Contract

Code

Rule Chapter

NYMEX PJM Calendar-Week LMP Swap (PJM Interconnection, LLC) Futures Contract

JW

636

ERCOT Houston MCPE Trading Hub Peak Swap Contract

HN

829

ERCOT Houston MCPE Trading Hub Calendar Day Peak Swap Contract

HY

829a

ERCOT North MCPE Trading Hub Peak Swap Contract

MN

830

ERCOT North MCPE Trading Hub Calendar Day Peak Swap Contract

MY

830a

ERCOT Hub Average MCPE Trading Hub Peak Swap Contract

VN

831

ERCOT Hub Average MCPE Trading Hub Calendar Day Peak Swap Contract

VY

831a

NYMEX ERCOT Broker Seller’s Choice Index Peak (SNL Energy) Contract

ZE

420

Mars (Platts) Calendar Swap

MV

842

Mars (Platts) Trade Month Swap

MZ

843

Mars (Platts) vs. WTI Spread Calendar Swap

WL

844

Mars (Platts) vs. WTI Spread Trade Month Swap

WP

845

Natural Gas Daily Settlement Derivatives

GV,HV,
GD,HD

758

Gulf Coast Low Sulfur Diesel (LSD) Crack Spread Swap

YK

741

Los Angeles CARB Gasoline vs. New York Harbor Gasoline Swap Contract

MI

611

New York Harbor Gasoline Calendar Swap Contract

MS

602

New York Harbor Unleaded Gasoline vs. New York Harbor Heating Oil Swap Contract

MR

604

Liquefied Propane Gas Futures Contract

PN

230

NYMEX Unl 87 Up-Down Spread Calendar Swap (Platts) Contract

UU

514

New York Harbor Unleaded Gasoline Look-Alike Option

LG

552

NYMEX Brent Crude Oil Option Contract

n/a

311

WTI-Brent Crude Oil Spread Option Contract

BW

312


For further information, please contact Nadine Brown at (212) 299-2223.

CME Group Customer Forums
Latest Updates & Information about CME Globex and CME ClearPort

FCMs, IBs, IDBs, proprietary trading groups, ISVs, banks, hedge funds and market data distributors:
 Register today for one of the CME Group Customer Forums

CME Group Customer Forums are designed to bring CME Group and our customers together. These forums provide forward-looking information on CME Globex and CME ClearPort, including platform enhancements, new initiatives, trading policies and new product offerings. Topics will include:

  • Recent Globex performance enhancements
  • Migration to User Defined Spreads (UDS) Nov. 1
  • Introduction of Inter-exchange spreads
  • FIX/FAST 1.6 and 2.0 releases
  • Status of ITC migration
  • Globex Credit Controls update
  • Status of KRX/Kospi 200 on Globex
  • CME ClearPort API
  • CME ClearPort GUI
  • Cleared OTC London Gold Forwards

Please join us for this complimentary event. Attendance is limited to CME Group customers only. Attend In-Person at one of the following locations or Online via Live Simulcast from the Chicago Customer Forum.

Chicago: Wednesday, October 14, 2009
New York: Thursday, October 15, 2009
London: Wednesday, October 28, 2009

 Click here to register and for additional information including times and locations.

CME Group Receives Technology Award

InformationWeek recently named CME Group the #1 technology innovator in this year's InformationWeek 500. We are continually striving to offer you faster, even more reliable and globally accessible technology. The average round trip time for CME Globex trades now averages less than 7 milliseconds, with some markets trading at 2.5 milliseconds. We are working to make sure that response times in all of our product areas are under 1 millisecond by the end of 2010, ensuring that the speed with which you can do business continues to get even faster.