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.
|