• Correction: Amendments to NYMEX/COMEX Rules to Eliminate Contrary Exercise Instructions and Amend At-the-Money Instructions for Certain NYMEX and COMEX Energy and Metals Option Contracts (Commencing with the February 2018 Option Contract Month and Beyond)

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7947R
      • Notice Date
      • 09 August 2017
      • Effective Date
      • 07 August 2017
    • (This SER supersedes SER 7947 dated July 21, 2017 and is being issued to amend the Strike Price Listing and Exercise Procedures Table (“Table”). Specifically, the Table is being amended to reflect the correct and current practice of four (4) metals option contracts and is provided in blackline format below. The Exchanges made the correction on August 9, 2017.  The Commodity Futures Trading Commission (“CFTC”) will be notified of the administrative corrections during the week of August 14, 2017 via the weekly notification procedures set forth in Part 40 of the CFTC Regulations. No other amendments are being made to the original SER.)

      New York Mercantile Exchange, Inc. (“NYMEX”) and Commodity Exchange Inc. (“COMEX”) (collectively, the “Exchanges”) amended NYMEX/COMEX Rule 300.20 (“Strike Price Listing Procedures”) and the table located therein as well as the NYMEX/COMEX option contracts listed below to eliminate contrary exercise instructions and amend at-the-money instructions commencing with the February 2018 option contract month and beyond.  These amendments became effective on trade date Monday, August 7, 2017.

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      Please click here for PDF of SER-7947R.