05/03/2004
This enhanced version will allow users to:
- submit the Henry Hub Swap Futures Contract (NN) as single lot trades or as flat volume across the entire month; and
- submit Option Strip trades as a single trade instead of needing to submit each leg separately.
In connection with the first change noted above, a conforming amendment will become effective at the same time to NYMEX Rule 508. 03. The amendment will eliminate a current restriction on the lot size of transactions posted with the Exchange for clearing in this contract.
These two enhancements are intended to provide users with more flexibility in the submission of off-Exchange transactions respectively in the Henry Hub (NN) contract and in the new cash-settled "look-alike" option contracts. These new option contracts are listed only for clearing at the Exchange and are cash-settled European-exercise versions of the corresponding floor-traded option contracts.
Any inquiries or questions concerning this notice should be directed to the Exchange's Customer Service Department at 1-800-438-8616 or via e-mail at custcare@nymex.com.