NYMEX issued the following announcement on
Monday, July 28, 2008:
In
connection with the Green Exchange initiative, the New York Mercantile Exchange, Inc will list for
trading and clearing the Regional Greenhouse Gas Initiative (RGGI) CO
2 Allowance Futures contracts beginning on Sunday evening, August 24, 2008 (for trade
date Monday, August 25, 2008), and will list the Regional Greenhouse Gas Initiative (RGGI) Option
contracts for trade date Tuesday, August 26, 2008.
1.
Regional Greenhouse Gas Initiative (RGGI) CO
2 Allowance Futures Contract
Regional
Greenhouse Gas Initiative (RGGI) CO
2 Allowance Futures Contract (symbol RJ) will be physically delivered at RGGI CO
2 Allowance Tracking System (RGGI-COATS). The minimum tick size will be
$0.01 per allowance. Contract size will be 1000 RGGI CO
2 allowances. The contract will expire at termination of the third business day prior to
the first business day of the contract month. The listed contract month will be December 2009;
additional contract months will be added based on commercial interest.
The
Regional Greenhouse Gas Initiative (RGGI) CO
2 Allowance Futures Contract will be listed for trading on the CME Globex
®
electronic trading platform. Additionally, off-exchange transactions can be submitted for
clearing via the NYMEX ClearPort
®
Clearing platform.
2.
Regional Greenhouse Gas Initiative (RGGI) CO
2 Allowance Option Contract
The
Regional Greenhouse Gas Initiative (RGGI) CO
2 Allowance Option Contract (symbol OR) will be an American-Style option that exercises
into the underlying Regional Greenhouse Gas Initiative (RGGI) CO
2 Allowance Futures Contract. The option will expire three (3) business days
prior to the expiration of the underlying Regional Greenhouse Gas Initiative (RGGI) CO
2 Allowance Futures Contract. There will be five (5) strike prices in
increments of $0.50 per allowance above and below the at-the-money strike price. The minimum tick
size will be $0.01 per allowance. There will be an Option for the December 2009 contract
month.
The
Regional Greenhouse Gas Initiative (RGGI) CO
2 Allowance Option Contract will be listed for trading on the NYMEX Trading Floor.
Additionally, off-exchange option transactions can be submitted for clearing via the NYMEX
ClearPort
®
Clearing platform.
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