Notice to Members
Notice No. 265 05/19/2006
NYMEX miNY™ Gasoline Futures Contract Change
Commencing with the July 2006 NYMEX miNY™ Gasoline futures contract, the contract price will no longer be based off the underlying Unleaded Gasoline futures contract (symbol HU). NYMEX miNY Gasoline futures pricing will now be based off of the RBOB Gasoline futures contract (symbol RB). Launch procedure for NYMEX miNY Gasoline (RBOB) futures The July 2006 miNY Gasoline (RBOB) will not be listed for trading on the NYMEX ClearPort® Trading platform five days before the June 2006 miNY Unleaded Gasoline expires. The June 2006 miNY Unleaded Gasoline will expire May 30, 2006 at 2:30 PM EST and be delisted for trading. The July 2006 miNY Gasoline (RBOB) will be listed for trading on May 30, 2006 at 3:15 PM EST for trade date May 31, 2006. The trading symbol for the miNY Gasoline (RBOB) will remain QU. Please note that since the NYMEX miNY Gasoline futures contract underlying price is now based off of the RBOB Gasoline futures contract (trading symbol RB), arbitrage trading of the NYMEX miNY Gasoline futures contracts (QU) should be against the standard RBOB Gasoline futures contract (RB) at a ratio of two QU to one RB.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com