Beginning on Sunday evening, November 12 (for trade date November 13), the New York Mercantile Exchange, Inc. will list Trading at Settlement (TAS) and the inter-commodity spreads between the NYMEX Russian Export Blend Crude Oil (REBCO) Futures Contract vs. WTI and Brent on the CME Globex® platform.

Specifically, the Exchange will list the WTI:REBCO spread (CL:RE) and the Brent:REBCO spread (BB:RE) as a transaction that will split into the separate legs for clearing.  These inter-commodity spreads will be listed for 72 consecutive months.  The inter-commodity spreads will be available for trading on the CME Globex® platform on Monday through Friday 6:00 PM (New York time) until 5:15 PM (Monday’s trading session begins at 6:00 PM Sunday evening).

In addition, Trading at Settlement (TAS) will be offered in the front two months of the REBCO futures contract using the code RET, beginning on November 12 (for trade date November 13).  The TAS will be available for trading on the CME Globex® platform on Monday through Friday 6:00 PM (New York time) until 2:30 PM New York time (Monday’s trading session begins at 6:00 PM Sunday evening).

The new REBCO Futures Contract, code RE, will begin trading on the CME Globex® platform on trade date Monday, October 23, and features physical delivery of REBCO on a Free on Board basis at the port of Primorsk, Russia on the Baltic Sea.  The last trading day for the REBCO Futures Contract will be three business days before the fifteenth calendar day prior to the first day of the delivery month.  On termination day for the expiring front month contract, the trading of REBCO futures on the CME Globex® platform will cease at 12:30 PM New York time (5:30 PM London time or 8:30 PM Moscow time).

The fees for the REBCO Contract, including the RE leg of the inter-commodity spreads (CL:RE and BB:RE) are as follows:

Transaction Type                     Fee (per side)

Member Trade                           $1.00

Non-Member Trade                     $2.00

COMEX Blended Rate                $1.50