04/17/2001
The rebates will be for up to 24 cents per side, depending on the type of trade, which can currently range from nine cents to $1.35 per side.
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| Notice to Members |
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| Notice No. 134 04/17/2001 |
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| Cost Incentive Program for Brent Trading |
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| The Board of Directors of the New York Mercantile Exchange, Inc., this morning agreed to waive all clearing and exchange fees for its new Brent crude oil futures contract for the first year of trading and to offer rebates for three months on any light, sweet crude futures contract traded to offset a position in the Exchange Brent futures contract.
The rebates will be for up to 24 cents per side, depending on the type of trade, which can currently range from nine cents to $1.35 per side. |
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| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com |