Notice to Members
Notice No. 05 01/03/2002
Exchange To Waive Lox Surcharges
The executive committee of the New York Mercantile Exchange, Inc., today announced that it would, until further notice, waive the surcharges associated with large order execution (LOX) in natural gas futures. Under the program, introduced on November 30, there was a $2.50 per contract surcharge for receiving a response to a request for a quote on simultaneous execution of a transaction of between 250 and 5,000 contracts, reduced to $1.50 per contract if the trade was executed. This move is being made to stimulate activity in this new instrument, which we are confident will prove useful to both commercial sector participants and major funds.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com