Notice to Members
Notice No. 336 08/26/2003
File Format Change for Large Trader Reporting
In Notice to Members No. 03-268 issued on June 27, 2003, the Exchange amended the large trader reporting levels, pursuant to NYMEX Rule 9.34, Reporting Levels, to mirror those of the Commodity Futures Trading Commission ("CFTC"). In Notice to Members No. 03-253, dated June 16, 2003, the Exchange announced, with the exception of PJM financially settled electricity contracts and the ClearPortsm Cleared products, it would adopt the CFTC reporting levels to conform to operational procedures associated with the file format conversion. At that time, the CFTC file format conversion was required for all Clearing Members expecting to clear business in the weekly and daily PJM contracts. Since then, many Clearing Members have successfully converted to the new file format. Effective October 1, 2003, the Exchange will require that all Clearing Members, Non-Clearing Futures Commission Merchants ("FCM") and Foreign Brokers that transmit Daily Large Trader data, to file reports pursuant to NYMEX Rule 9.33 in the CFTC format. This file format is not new, it is described in CFTC Regulation 17.00 (g) effective October 1, 1997. It is the file format already used for direct Daily Large Trader Reporting to the CFTC. Those FCMs who will need to use the new file format may test it immediately by appointment, and must test before they can use it in production. Arrangements for conducting such testing can be made by contacting Martin Jacobs, Director of Application Development (Compliance Systems) at (212) 299-2829 or e-mail at mjacobs@nymex.com.. Since successful testing generally requires several days’ efforts and coordination, FCMs should contact Mr. Jacobs during the first week of September or earlier. Tests will be scheduled on a first come, first served basis.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com