Notice to Members
Notice No. 426 12/7/2001
Pricing of Spot Month Leg of Intra-Commodity Spreads
At its meeting of December 5, 2001, the Executive Committee adopted a recommendation of the Floor and Compliance Review Committees to set the price of the spot month leg for intra-commodity spreads. Beginning Monday, December 10, 2001, intra-commodity spreads containing a spot month leg which are submitted with a differential only will be priced using the low of the opening range for the spot month leg. This procedure will apply to RTH trades only. Note that if Floor Traders would prefer to submit other prices for the legs, they may still do so.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com