Notice to Members
Notice No. 609 11/27/2006
Notification of Procedural Changes for the Hours of Trading and the Opening Call in Open Outcry Trading Sessions for Energy Futures Contracts
Effective Monday, December 4, 2006, the New York Mercantile Exchange "NYMEX" or "Exchange") will implement procedural changes related to NYMEX Rule 6.02, "Hours for Trading," and Rule 6.03, "Call," with respect to certain energy futures contracts. The procedural changes include the following: NY Harbor products futures contracts, Heating Oil (HO), Unleaded Gasoline (HU), and Gasoline Blendstock (RB) will open at 10:00 AM, similar to the existing time for Crude Oil (CL). Previously these contracts opened at 10:05 AM. Additionally, the opening procedure of all energy futures will be to allow initial months to remain open while subsequent months are opened (i.e., December 06 CL will remain open while January 07 CL opens). Also, spread trading between months that have been opened will be permitted.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com