Notice to Members
Notice No. 39 01/24/2002
Invitation to Participate in Floor Broker Incentive Program for PJM Electricity Futures Contracts
The New York Mercantile Exchange, Inc. has recently submitted to the CFTC specifications for cash-settled PJM Electricity futures contracts. These contracts include monthly, weekly and daily contracts that will trade on the NYMEX trading floor. These contracts are intended to launch toward the end of the first quarter 2003. With a view toward the development of successful contracts, NYMEX will introduce a reimbursement program for interested parties that establish and develop electricity operations on the trading floor. The details of this proposed program will be released in the near future. This letter is being sent to you to ascertain your level of interest in participating in this program. Your indication of interest in no way obligates you to participate. However, to be considered for inclusion in this program you must contact either Donovan Forbes, Director, Marketing, at (212) 299-2340; dforbes@nymex.com or Jim Quinn, Director, Marketing, at (212) 299-2352; jquinn@nymex.com by Friday, February 7, 2003.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com