Position Limit, Accountability Levels and Large Trader Reporting Requirements in Initial Listing of the North European Hot-Rolled Coil Steel (Argus) Average Price Option Contract

In connection with the initial listing of Commodity Exchange, Inc.’s (“COMEX” or “Exchange”) North European Hot-Rolled Coil Steel (Argus) Average Price Option contract (the “Contract”) on trade date Monday, May 2, 2022 (see SER-8953 published March 30, 2022), please note below and in Appendix B of COMEX Submission No. 22-090 the corresponding spot-month position limit (Rule 559), aggregation allocation (Rule 559.D.), single month and all month accountability levels (Rule 560) and reportable level (Rule 561) for the new contract. The new, financially settled, contract shall have a diminishing balance.

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