Notice to Members
Notice No. 20 01/13/2006
Accountability Levels, Position Limits, and Reportable Levels for NYMEX Mini Unleaded Gasoline Futures Contract and NYMEX Mini Heating Oil Futures Contract
At its meeting on January 11, 2006, the Board of Directors approved position accountability levels (Rule 9.26), position limits (Rule 9.27), and reportable position levels (9.34) for the NYMEX Mini Unleaded Gasoline Futures Contract (QU) and NYMEX Mini Heating Oil Futures Contract (QH). For Rules 9.26 and 9.27, the limits and levels will be aggregated with the Petroleum Product Futures Contracts — New York Harbor (HU) and New York Harbor No. 2 Heating Oil (HO) contract — similar to the NYMEX Light Sweet Crude Oil Mini Futures Contract and NYMEX Natural Gas Mini Futures Contract that are currently aggregated with the respective larger contracts. In addition, for the purposes of clarity, modifications were made to the rule language applicable to all of the NYMEX miNY™ and Mini contracts. The reportable level (Rule 9.34) for the NYMEX Mini Unleaded Gasoline Futures Contract is 150 contracts, and 250 contracts for the NYMEX Mini Heating Oil Futures Contract. The accountability levels, position limits, and reportable levels will be effective with the contracts' launch on Monday, January 16, 2006 for trade date January 17, 2006.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com