| 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.
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| 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.
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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.
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| 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.
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