| Notice to Members |
| Notice No. 351 08/26/2005 |
| Clarification on Floor Traded Natural Gas Look-Alike Option Fees |
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| The Exchange began allowing floor trading in Natural Gas, financially settled, look-alike (LN) options on Monday, August 15, 2005. The purpose of this notice is to clarify that these options are now dually listed on both the NYMEX floor and clear on the NYMEX ClearPort® platform. If the options trade on in open-outcry on the NYMEX trading floor, regular floor transaction and clearing fees will apply. If they clear on the NYMEX ClearPort® platform, NYMEX ClearPort® clearing fees will apply.
For both floor trading and NYMEX ClearPort® clearing, the same financial settlement fees will apply of $.90/contract for members and $1.15/contract for non-member customers. |
| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com |