The notice is a reminder concerning the launch of NYMEX e-miNY products on GLOBEX, Monday, June 17, 2002. On launch day only, NYMEX e-miNY Natural Gas and Light Sweet Crude will begin trading at 9:00 a.m. CT (10:00 EST) until 1:30 p.m. CT (2:30 EST). Trading will re-open at 2:15 p.m. (CT) and continue through 1:30 p.m. (CT) the next day. Regular trading hours for these products will be 2:15 p.m. CT (3:15 EST) through 1:30 p.m. CT. (2:30 EST).

You should have already received a packet from CME�s Technology Marketing Department that includes the new forms that must be completed for trading the e-miNY products on GLOBEX. (Please click on attached link http://www.cme.com/clr/advntc/clien_CM_0238.html, if you have not yet received this important packet of information.) This paperwork must be completed and returned to Lilly Riley in CME�s Technology Marketing Department, as soon as possible.

NOTE: Your clerks and traders will not be permissioned to trade the NYMEX e-miNY products if you have not completed the new forms.

NYMEX will clear all NYMEX e-miNY trades. You will not receive any MQM/TREX messages, Clearing reports or data files from CME. If your firm is not currently a NYMEX clearing member, you must either become a clearing member or establish a clearing relationship with a firm that is a NYMEX clearing member.

Trades that result from NYMEX e-miNY orders entered by existing CME GLOBEX users, will be sent to NYMEX via M1 (Matched Trade) records that are generated by the GLOBEX Match Engine. These records will contain an Exchange Code of "07." NYMEX will process these transactions through their TMS, C-21 Clearing and Billing Systems.

These transactions will be sent to NYMEX clearing firms via the following NYMEX trade transmissions:

• Afternoon Trade File � Created daily from TMS between 5:00 p.m. and 5:30 p.m. (EST)
  Final Member Trade File � Created daily from C21 at the end of the Clearing process, normally between 8:30 p.m. and 9:00 p.m. (EST)

• TMS "Member Trade Download" � On-line function from which clearing members can extract trades for a particular venue (or all) at any time.

Although NYMEX does not have a Give-up system similar to CME�s GUS, firms may still do Give-up trades on GLOBEX for NYMEX products. When the order is entered on GLOBEX, the GU indicator must be entered in the Foreign Exchange Field in the Clearing Information Box on the GLOBEX screen. In addition, the firm to which the trade is being given up must be specified in the Foreign Firm Field. Upon receipt of the trade, NYMEX will post the trade to the Give-up firm at NYMEX . The trade will appear on the Give-up firm�s Afternoon and Final Member Trade Files and Clearing reports.

Please contact one of the following: