Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | NYMEX to Introduce Copper Options on the CME Globex Platform - Effective Sunday, October 14, 2007
Notice Date | 2007-09-19
Notice Number | Q2007-245
Effective Date | 2007-10-14
NYMEX issued the following news release on Monday, September 17: Notice No. 07-430 September 12, 2007 TO: All Exchange Members, Member Firms and Clearing Members FROM: James E. Newsome, President SUBJECT: Listing of COMEX Copper Options on CME Globex® Beginning on Sunday evening, October 14, 2007 (for trade date October 15, 2007), the New York Mercantile Exchange, Inc. will list for trading, its COMEX Division Copper options on the CME Globex® platform, alongside open-outcry trading on the COMEX trading floor. The Copper options will trade on CME Globex® with the Globex Product Code of “ HXE”. The product code will remain as “HX” on the COMEX trading floor, as well as for trade submission to NYMEX ClearPort® Clearing. The Copper option product code for Clearing and Billing will remain as “HX” for trades occurring on all venues, including CME Globex®. In order to ensure orderly exercise procedures, no expiring option will be accepted for trading after the close of "open outcry trading" for the respective contracts on the COMEX floor on the day of expiration. A mock trading session for the COMEX Copper Options launch on CME Globex® is scheduled for Saturday, October 6, 2007. Additional details will follow. Trading Hours: From 6:00 PM Sundays through 5:15 PM Fridays, Eastern Time, with a 45-minute break each day between 5:15 PM and 6:00 PM. Fees:
COMEX Division Copper Options | Member | Non Member
Day Trade: | $0.35 | N/A
Overnight Trade: | $0.60 | $1.45
Cross Division Trade: | $0.90 | N/A
Should you have any questions or require any further information, please contact the NYMEX Marketing hotline at 212-299-2301 or email NYMEXMarketing@nymex.com. CONFIDENTIALITY NOTICE: This message and any attachments relate to the official business of the New York Mercantile Exchange, Inc. ("NYMEX") and are proprietary to NYMEX. This e-mail is intended for the above-named person(s) only and is confidential, proprietary and/or legally privileged. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on this information is strictly prohibited. If this message has come to you in error, please immediately notify the sender by telephone or return e-mail and delete the original transmission and its attachments without reading or saving in any manner. Thank you.