Notice to Members
Notice No. 123 04/05/2001
NYMEX Board Extends Proprietary Fee Reduction Program
At its meeting on April 4, 2001, the NYMEX Board of Directors determined to extend the current Proprietary Fee Reduction Program ("Program") through June 30, 2001. Pursuant to the Program, Member Firms and individuals members who own seats will have their NYMEX Division fees reduced by 12 cents per round turn (6 cents per trade side). Individual members who lease their seats, or hold a membership under an ABC Agreement, will have their NYMEX Division fees reduced by 2.5 cents per round turn (or 1 ¼ cents per trade side). Clearing Members who clear Member Firm trades should adjust their billing systems accordingly. Clearing Members clearing floor members' accounts should not adjust their billing systems for such individual members. NYMEX issues payments directly to individual members based upon their trading activity. Floor members who execute Type 3 trades are asked to pay special attention to NYMEX Rule 6.18 (B) (ii), requiring the executing member to report the alpha code (badge symbol) of the receiving member on PTS.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com