Notice to Members
Notice No. 556
12/05/2005
NYMEX miNY™ Natural Gas Futures Contract Size and Fee Change
Commencing with the February 2006 NYMEX miNY™ natural gas futures contract, the contract quantity of the NYMEX miNY™ natural gas futures (QG) will be reduced from 5,000 MMBtus to 2,500 MMBtus.

Launch Procedure for 2500MMBtu NYMEX miNY™ Natural Gas Futures
  • The February 2006 miNY natural gas will not be listed for trading 10 days before the January 2006 miNY expires.

  • The 5,000 MMBtu January 2006 natural gas miNY will expire December 27, 2005 at 2:30 PM EST and be delisted for trading.

  • The 2,500 MMBtu February 2006 natural gas miNY will be listed for trading on December 27, 2005 at 3:15 PM EST for trade date December 28, 2005.
The trading symbol will remain QG at the 2,500 MMBtu miNY contract quantity and the 5,000 MMBtu miNY natural gas futures contract will no longer be listed for trading.

The Exchange clearing fees have been adjusted to reflect the new contract size:
Total Sides Traded per Day
NYMEX Member
COMEX Member
Customer miNY Nat Gas
Old
New
Old
New
Old
New
1-200 Contracts
63¢
32¢
$1.03 
52¢
$1.25
65¢
201-750 Contracts
38¢
19¢
63¢
32¢
$1.25
65¢
>750 Contracts
15¢
8¢
25¢
13¢
$1.25
65¢
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com