Notice to Members
Notice No. 315
06/08/2006
NYMEX Broker/Trader Assistant (NBA) Program
A one-month program is being rolled out for the floor brokerage community on the NYMEX floor. Its goal is to provide assistance to floor members as side by side trading is rolled out The NBA program will provide brokers the ability to handle both customer orders for physical and cash futures. The Special Transition /Committee that developed this program will review, on a daily basis, the utility of the program as market conditions develop to optimize its use.

Registration Requirements: NBAs must have completed the Floor Broker or Clerk Training Course. The NBA will be required to either be: NFA Registered as a Floor Broker or an Associated Person; or SRO Sanctioned, i.e., approved by NYMEX. More specifically, NFA registered NBAs will be permitted to use their discretion to direct an order where the customer has given venue discretion to a floor broker or to the screen; SRO sanctioned NBAs who are not appropriately registered with the NFA will have no discretion. They will only be permitted to perform order entry functions.

Approval Process: The Member/Member Firm as well as the NBA applicant must submit the attached application to the Membership Department by noon on Friday, June 9, 2006 in order to be considered for activation on June 12, 2006. The Membership Dept. will continue to accept applications after the deadline with approvals to be granted on a rolling basis. Please note, only one NBA is permitted per brokerage operation and a Member is responsible for the actions of the NBA.
Download NBA Program Agreement Download NBA Program Application
Program Terms and Conditions:
  • Can only use a tablet or the telephone, NOT both;


  • Can only process CTI 2 and 4 orders (NOTE: orders may NOT originate on the trading floor);


  • Must create an order ticket regardless of venue;


  • Can execute on any NYMEX venue including NYMEX miNY™ futures if given discretion by the customer and appropriately NFA registered;


  • Can only execute for first three months and first two spreads;


  • Can only transact NBA function in designated trading areas back to back to the floor broker (never in a booth)


  • Physical futures is default venue if discretion is not given by client;


  • Members who are affiliated with Members/Member Firms/Billing Entities participating in the NBA program will NOT be permitted to utilize a tablet in the trading ring. However, said affiliated Members may apply/register for a headset. Approval will be conditional upon completion of a review of the terms of use and agreement thereto.
DEADLINE FOR APPLICATIONS: Must be submitted to the Membership Department by NOON on Friday June 9, 2006.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com