The New York Mercantile Exchange, Inc., today announced a fee schedule for futures
contracts traded through NYMEX ClearPortsm, including a program to reward liquidity
providers.
Under the terms of the program, any participant who makes a bid or offer that
is subsequently accepted will receive payment in lieu of an Exchange fee. For
the Henry Hub natural gas swaps futures contract and all natural gas basis futures
contracts, liquidity providers will receive $.25 per contract and the participant
on the other side of the trade will pay an all-inclusive fee of $.65 per contract.
For the crude and petroleum products futures contracts, liquidity providers
will receive $1.00 and the participant on the other side of the trade will pay
an all-inclusive fee of $2.50 per contract. For electricity futures, liquidity
providers will receive $1.00 and the participant on the other side of the trade
will pay an all-inclusive fee of $3.50 per contract.
Futures contracts that will be offered for trading on NYMEX ClearPortsm beginning
3:15 PM tomorrow include:
- Henry Hub natural gas swap futures
- West Texas Intermediate calendar swap futures
- Three financially settled electricity futures contracts based on the
day-ahead locational based marginal prices reported for New York Independent
System Operator Zones A, G, and J.
- 12 natural gas basis futures contracts based on the prices reported
by Platts Inside F.E.R.C. minus the NYMEX Division natural gas futures settlement
price for the following indices: Northern Natural Gas Co. Demarcation index
and Ventura, Iowa, index; Dominion Transmission Inc. Appalachia index; Northeast
Texas Eastern zone M-3 index; upper midwest, MichCon citygate index; Natural
Gas Pipeline Co. of America Louisiana zone index, mid-continent zone index,
and Texas/Oklahoma index; El Paso Natural Gas Co. Permian Basin index; Columbia
Gas Transmission Corp Appalachia index; ANR Pipeline Co. Oklahoma index; and
Northwest Pipeline Corp. Canadian border index.
- Two natural gas basis futures contracts based on the prices reported
for PG&E citygate and Malin in the Natural Gas Intelligence bid-week survey.
- A crude oil calendar swaps futures contract based on the Platts prices
quotation for Bow River crude oil at Hardisty minus the NYMEX Division light,
sweet crude oil futures settlement.
- Three calendar swaps futures contracts based on the Platts price quotations
for Gulf Coast number 6 3.0% sulfur fuel oil; Los Angeles CARB gasoline; and
New York harbor 1.0% sulfur residual fuel.
- Two crack spread calendar swaps futures contracts, one for the Platts-quoted
price for New York harbor residual fuel minus the settlement price for light,
sweet crude oil futures and the other for the Platts-quoted price for Gulf Coast
number 6 3.0% sulfur fuel oil minus the NYMEX Division light, sweet crude oil
futures settlement.
- Calendar swaps futures contracts based on NYMEX Division heating oil
futures and the NYMEX Division unleaded gasoline futures contracts.
- A calendar swaps futures contract based on the differential between
the NYMEX Division unleaded gasoline futures price and the NYMEX Division heating
oil futures price.
- A calendar swaps futures contract based on the differential between
the Platts-quoted prices for Gulf Coast heating oil and Gulf Coast gasoline.
- Three calendar swaps futures contracts based on the Platts-quoted
prices minus the heating oil futures settlement price for the following products:
Los Angeles jet fuel, Gulf Coast jet fuel, and New York harbor diesel.
Two calendar swaps futures contracts based on the Platts-quoted prices minus
the NYMEX Division gasoline futures settlement for Los Angeles CARB gasoline
and New York Harbor conventional gasoline.
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