Notice to Members
Notice No. 176 05/07/2004
New Product Introduction Meeting
The Exchange recently announced the impending launch of a new and relevant product for the Exchange and its members - Cleared Economic Derivative options based on oil and natural gas inventory statistics. These over-the-counter options will be offered through an auction process and will be cleared by the Exchange. The first natural gas inventory auction is scheduled for June 2, ahead of the June 3 release of the gas storage number by the Energy Information Administration (EIA) of the Department of Energy. The first oil inventory auction has not yet been scheduled, but is anticipated for this summer. In advance of the launch, the Exchange's marketing department will hold an informational seminar. Place: Exchange 10th Floor Seminar Room Date: Monday, May 17, 2004 Time: 3:15 p.m. Representatives from Longitude, the provider of the front-end trade entry system and ICAP, the exclusive broker for this product, will be in attendance to further explain the product and to answer any questions. Refreshments will be served.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com