Notice to Members
Notice No. 360 12/24/2002
NYMEX Division Lead Market Maker Program for e-miNY(sm) Contracts
The Exchange has approved a NYMEX Division e-miNY(sm) Lead Market Maker ("LMM") Program for its e-miNY(sm) crude oil and e-miNY(sm) natural gas futures contracts and is currently accepting applications from NYMEX Division member firms and seat owners. For the purposes of this notice, seat owners include: NYMEX Division floor members and equity holders who own their seats. The principal obligation of a LMM would be to continuously make a market throughout the regular trading session for the Exchange's e-miNY(sm) contracts listed for trading on the Chicago Mercantile Exchange's ("CME") GLOBEX® electronic trading system. Attached for your review and information is a summary of the terms and conditions of the Program. The Exchange's e-miNY(sm) Steering Committee ("Steering Committee") shall review and make recommendations to the Board of Directors with respect to selection of participants for the Lead Market Maker Program. The Steering Committee's recommendations will be based, among other things, on the applicant's business reputation, financial resources and trading activity in relevant futures, options or related cash markets. NYMEX Division member firms and seat owners are eligible to submit an application and proposal to become a Lead Market Maker by completing and submitting the attached application form. Applications must be filed with the Membership Department no later than Friday, January 17, 2002. Attachment 1 - Market Maker Application Form Attachment 2 - NYMEX Division Lead Market Maker Program for e-miNY(sm) Contracts - Details
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com