NOTICE OF EMERGENCY ACTION

FILE NO.:

NYMEX 18-0005

SUBJECT:

Modification to Special Price Fluctuation Limits Applicable to NYMEX Henry Hub Natural Gas Futures Contract and Associated Natural Gas Contracts

APPLICABLE NYMEX RULE:

579. GLOBAL COMMAND CENTER (in part)

A.      GCC Authority

The GCC has the authority to take any action deemed appropriate to preserve market integrity in CME Group markets. Such actions include, but are not limited to, the halting of trading, modifying risk-mitigating parameters including price bands, velocity logic and special price fluctuation limits as described in Rule 589, restricting customer access to Globex or any other actions deemed to be in the best interest of the Exchange. In the event any action taken pursuant to this Rule is in response to an emergency as defined in CFTC Regulation 40.1(h), the CFTC shall be notified of the emergency action in accordance with CFTC Regulations.

589. SPECIAL PRICE FLUCTUATION LIMITS (link below)

https://www.cmegroup.com/content/dam/cmegroup/rulebook/NYMEX/1/5.pdf

EMERGENCY ACTION:

On November 14, 2018, the Global Command Center (“GCC”) took emergency action by modifying the special price fluctuation limits applicable to the NYMEX Henry Hub Natural Gas futures contract and seven (7) associated Natural Gas contracts (“the Contracts”), as listed below, from $0.30 to $0.50 beginning on trade date November 15, 2018. This action is based on recent natural gas price movements and is intended to ensure fair and orderly trading in the Contracts.

In the good faith exercise of its sole discretion, the GCC determined that an emergency exists, and that emergency action is warranted.

EFFECTIVE DATE:

November 14, 2018