Notice to Members
Notice No. 68 02/10/2003
NYMEX Introduces Floor Brokerage 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 has introduced a reimbursement program for interested parties that establish and develop electricity operations on the trading floor. The details of this incentive program are attached hereto. We encourage you to take advantage of this opportunity intended to ensure the growth and continued success of our institution. Your indication of interest in no way obligates you to participate. However, to be considered for inclusion in this program you must submit an application to either Donovan Forbes, Marketing, at (212) 299-2340; dforbes@nymex.com or Jim Quinn, Marketing, at (212) 299-2352; jquinn@nymex.com by Friday, February 21, 2003. Attachments PJM Floor Broker Incentive Program PJM Floor Broker Incentive Program Application
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com