On Tuesday, January 14, 2003, NYMEX announced that contracts listed for trading on New York Mercantile Exchange ClearPort(sm) will include the 32 futures contracts that had been listed for a 90-minute session on NYMEX ACCESS®, as well as the Exchange's financially settled Henry Hub Swap and West Texas Intermediate Calendar Swap futures contracts. As stated in Notice to Members 03-24, the start of the new platform today will mark the beginning of the January 17 trading day. The 32 futures contracts, which are currently offered from 7:30 AM through 9 AM, were delisted from trading on NYMEX ACCESS® after this morning's trading session.
With the advent of trading on NYMEX ClearPort(sm), the 32 futures contracts, which previously had expiration position accountability levels of 1,000 and 2000 lots (see attached list), now will have set expiration position limits during the last three trading days.
Furthermore, the Henry Hub Swap futures contract (NN) will no longer have unique requirements but instead will be rolled into the any one month/all months combined position accountability level of the Natural Gas futures contract. In addition, NN , which previously had an expiration month position accountability limit of 2000 contracts, now will be aggregated into the Natural Gas contract (NG) and will be subject to NG's set expiration position limits of 1000 futures or futures equivalents, in effect the last three trading days, pursuant to NYMEX Rule 9.27.
Similarly, the West Texas Intermediate Calendar Swap futures contract (CS) to be traded on NYMEX ClearPort(sm) now will be aggregated with the Light Sweet Crude Oil contract (CL) and thus CS will be rolled into and subject to the any one month/all months combined position accountability level that applies to CL and also will be subject to set expiration position limits of 1000 futures or futures equivalents, in effect the last three trading days.
FUTURES CONTRACTS LISTED FOR TRADING ON CLEARPORT(SM)
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Cash_Settled
Contracts |
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Expiration Position Limits
(last 3 trading days) |
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WTI - Bow River Swap |
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1,000 contracts |
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New York Harbor Gasoline Calendar Swap |
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1,000 contracts |
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New York Harbor Heating Oil Calendar Swap |
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1,000 contracts |
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New York Harbor Unleaded Gasoline vs. New York Harbor
Heating Oil Swap |
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1,000 contracts |
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New York Harbor Conv. Gasoline vs. New York Harbor Unleaded
Gasoline Spread Swap |
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1,000 contracts |
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New York Harbor LS Diesel vs. New York Harbor No. 2
Heating Oil Spread Swap |
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1,000 contracts |
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Gulf Coast Gasoline vs. Gulf Coast Heat Oil Spread Swap
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1,000 contracts |
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Gulf Coast Jet vs. New York Harbor No. 2 Heating Oil
Spread Swap |
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1,000 contracts |
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Los Angeles Jet Fuel vs. New York Harbor No. 2 Heating
Oil Spread Swap |
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1,000 contracts |
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Los Angeles Carb Gasoline Swap |
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1,000 contracts |
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Los Angeles Carb Gasoline vs. New York Harbor Gasoline
Swap |
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1,000 contracts |
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Gulf Coast No. 6 Fuel 3.0% Sulfur Swap |
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1,000 contracts |
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Gulf Coast No. 6 Fuel Oil Crack Swap |
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1,000 contracts |
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New York Harbor Residual Fuel 1.0% Sulfur Swap |
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1,000 contracts |
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New York Harbor Residual Fuel Crack Swap |
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1,000 contracts |
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NYISO Zone A LBMP Swap |
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1,000 contracts |
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NYISO Zone G LBMP Swap |
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1,000 contracts |
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NYISO Zone J LBMP Swap |
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1,000 contracts |
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MichCon Basis Swap (Platts IFERC) |
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2,000 contracts |
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MichCon Basis Swap (Platts IFERC) |
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2,000 contracts |
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M-3 Basis Swap (Platts IFERC) |
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2,000 contracts |
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TCO Basis Swap (Platts IFERC) |
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2,000 contracts |
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Malin Basis Swap (NGI) |
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2,000 contracts |
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PG&E Citygate Basis Swap (NGI) |
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2,000 contracts |
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NGPL Texok Basis Swap (Platts IFERC) |
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2,000 contracts |
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NGPL LA Basis Swap (Platts IFERC) |
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2,000 contracts |
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ANR OK Basis Swap (Platts IFERC) |
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2,000 contracts |
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Sumas Basis Swap |
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2,000 contracts |
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NGPL Mid-Con Basis Swap (Platts IFERC) |
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2,000 contracts |
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Demarc Basis Swap (Platts IFERC) |
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2,000 contracts |
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Ventura Basis Swap (Platts IFERC) |
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2,000 contracts |
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Dominion Basis Swap (Platts IFERC) |
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2,000 contracts |
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