Notice to Members
Notice No. 134 03/24/2005
Reminder - Regulatory Obligations and NYMEX Europe Incentive Programs
The Exchange wishes to remind all members who wish to participate in the following NYMEX Europe Incentive Programs in relation to the NYMEX Europe Brent Futures Contract (details of each of which were set out in Notices Nos. 112 and 127): the Tiered Volume Market Maker Program, the Equity Allocation Volume Incentive Program, the Equity Allocation Open Interest Program, and the Local Incentive Program of their obligations under the relevant regulatory regimes in relation to treating customers fairly and observing proper standards of market conduct, including but not limited to: U.S. regulatory requirements, including those of the CFTC, NYMEX and the NFA, that persons conduct themselves in accordance with just and equitable principles of trade in the conduct of commodity futures business as well as the specific trading standards in dealing with customer orders. Irish Financial Services Regulatory Authority (IFSRA) conduct of business requirements, in particular concerning client's best advantage, inducements and client documentation Financial Services Authority (FSA) conduct of business and other rules in particular in relation to best execution, inducements, and terms of business. Members are requested also to draw this Notice to the attention of their customers.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com