Notice to Members
Notice No. 12 01/09/2004
Proposed Amendments COMEX Rule 16.02, "Trading Months of Silver Futures Options" and COMEX Rule 15.02, "Trading Months of Gold Futures Options"
Attached please find proposed amendments to COMEX Rule 16.02, "Trading Months of Silver Futures Options" which extends trading in silver options out to sixty months from the current calendar month on a July / December cycle and permits the NYMEX Board by resolution to add additional months that are not currently listed and COMEX Rule 15.02, "Trading Months of Gold Futures Options" which extends trading in gold options out to sixty months from the current calendar month on a June / December cycle. The proposed amendment to COMEX Rule 16.02, "Trading Months of Silver Futures Options" and COMEX Rule 15.02, "Trading Months of Gold Futures Options" affect a "Special Matter" under the terms of the COMEX By-Laws. Accordingly, COMEX Division Members have ten (10) days to submit a petition signed by owners of at least 155 COMEX Division Memberships requesting a vote of the COMEX Division Members to disapprove the amendments, pursuant to the procedures set forth under COMEX By-Law 205(D). If a petition is not received, or if the amendment is not disapproved, it will be submitted to the Commodity Futures Trading Commission (CFTC).
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com