NYMEX issued the following announcement on Friday, August 3, 2007.
Notice No. 07-380
August 3, 2007
TO:
ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS
FROM:
James Newsome, President
SUBJECT:
CORRECTION:
Listing
of
Equity Futures on Ardour Global XL Index on NYMEX ClearPort®
and
CME Globex®
Beginning on Sunday evening, August 19, 2007 (for
trade date August 20, 2007), the New York Mercantile Exchange, Inc. will list a financially settled
Equity Index Futures Contract on CME Globex® and NYMEX ClearPort®. The contracts will be based on the Ardour Global XL Index of
Equities. The follow are contract specifications:
Ticker:
AX
Monthly Listings:
Four Initial months will be listed on a March, June, September, and December cycle beginning with
September 2007.
Expiration:
Final settlement will be on the third Friday of the Delivery Month.
If that Friday is a business holiday, final settlement will occur on the business day immediately
prior to the third Friday. Trading on the expiring contract will end as of the close of CME GLOBEX® trading on the evening prior to final
settlement.
Trading Hours:
NYMEX ClearPort® Clearing
and CME Globex®:
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.
NYMEX Fees:
CME Globex®:
Member Day Trade:
$1.00
Member Overnight:
$1.75
Non-Member:
$3.00
ClearPort®
Clearing:
Member Day
Trade:
$1.00
Member
Overnight:
$1.75
Non-Member:
$3.00
COMEX Member Blended
Rate:
$3.00
Cash Settlement Fees:
Member:
$1.00
Non-Member:
$1.50
Contract Value:
$25 times Cash Index
Minimum Tick:
0.50 index point or $12.50 contract value
Margins:
To be determined
Please contact the NYMEX Marketing hotline at 212-299-2301, or
email
NymexMarketing@nymex.com
with any questions.
For detailed contract specifications, click
here
.
TESTING AVAILABILITY
This contract is available for customer testing in the Certification environment as
of
Monday, August 6, 2007.
ITC 2.1 Ticker Testing will be held on
Friday, August 10 and
Friday, August 17, 2007 at approximately 5:00
p.m. Central Time.
MDP Channels
ITC 2.1 market data will be transmitted on Channel 38; RLC market data will be
transmitted on Channel 30.
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