GLOBEX Advisory Notices
To | CME Globex Customers
From | CME Globex Account Management
Subject | NYMEX Crack Spread and Calendar Options on CME Globex
Notice Date | 2007-11-30
Notice Number | 113007
Effective Date | 1969-12-31
NYMEX Crack Spread and Calendar Options on CME Globex Effective Sunday, December 16, 2007 (for trade date Monday, December 17), the following options on NYMEX Crack and Calendar futures spreads are scheduled to launch on the CME Globex platform.
NYMEX Crack and Calendar Spread Options
Product | CME Globex Group Code | CME Globex Product Code | Underlying Spread | Synthetic Underlying Future | MDP Channel
Heating Oil Crack Spread Options | XZ | CHY | CL:C1 HO-CL | HCY | 35
RBOB Crack Spread Options | RXY | CL:C1 RB-CL | ZXY
Crude Oil 1-Month Calendar Spread Options (CSO) | WAY | CL MY-CL MY | CAY
RBOB 1-Month CSO | ZAY | RB MY-RB MY | ZIY
Heating Oil 1-Month CSO | FAY | HO MY-HO MY | GHY
Natural Gas 1-Month CSO | C2 | IAY | NG MY-NG MY | DGY | 36
Complete CME Globex product specifications are available in the NYMEX Options Snapshot and NYMEX Futures Snapshot. These new options will feature negative strike prices and User-Defined Spreads (UDS) functionality. More information on negative strike prices is available in the Enhanced Trade and Settlement Prices Client Impact Assessment. More information on UDS functionality is available in the Options module of the iLink Software Development Kit. To provide the necessary data for customers' theoretical options pricing models, CME Group will list the following synthetic, non-tradable futures for the dissemination of settlement data.
Synthetic Futures for NYMEX Crack and Calendar Spread Options
Product | CME Globex Group Code | CME Globex Product Code | MDP Channel
Heating Oil Crack Spread Future | 08 | HCY | 30
RBOB Crack Spread Future | ZXY
Crude Oil 1-Month Calendar Spread Future | CAY
RBOB 1-Month Calendar Spread Future | ZIY
Heating Oil 1-Month Calendar Spread Future | GHY
Natural Gas 1-Month Calendar Spread Future | DGY | 31
Please note: with this launch, products with Group Code 08 will be disseminated on multiple Market Data Platform channels. These new futures and options will be available for customer testing in New Release this Tuesday, December 4. Please contact your CME Globex Account Manager for more information at 312.648.3736; in Europe at +44.20.7796.7100; or in Asia at +852.3101.7696. © Copyright 2007 CME Group All rights reserved. The Globe Logo, Globex®, iLink® and CME® are trademarks of CME Group.