Notice to Members
Notice No. 283 07/12/2005
Reminder on Renewal of Current Incentive Programs for NYMEX Brent Trading
The Exchange has determined to continue, through September 5, 2005, two incentive programs currently in place for trading on the branch trading floor in Dublin, Ireland. These programs are available only for the Dublin facility and will not be applicable following the launch of NYMEX Europe Limited in London. The first program provides for a stipend of up to $1,000 per week to NYMEX Europe traders and their clerks to help defray/reimburse transportation and living expenses. This stipend is based upon a demonstrated commitment to active involvement in the NYMEX Europe contracts as reflected by a regular presence and trading activity on the Dublin trading floor in these products. Second, the Exchange will continue its fee waiver or "holiday" of all Exchange transaction and clearing fees in the contracts listed for trading in Dublin, including the surcharge charged on NYMEX ACCESS® in the NYMEX Brent futures contract as well as the monthly access fee of $100 for non-members who trade directly on NYMEX ACCESS®.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com