Notice to Members
Notice No. 319 06/14/2006
Local Community Side-by-Side Participation Alternatives
The Special Transition Committee is presently considering various options to assist and facilitate the local floor community’s full participation in side-by-side trading. To that end, the Committee would like to urge the locals to take advantage of the currently available opportunity to apply and register for a headset. Use of a headset will enable a local to remain an active pit trader with the additional advantage of having simultaneous/direct access to quotes on the cash-settled contracts. This option is currently available and the local community is urged to take immediate action to register for the headset. Please note that upgraded headsets that provide enhanced quality and functionality are on order and will be available shortly. In addition to the foregoing, the Committee is considering a secondary alternative. The preliminary parameters of the proposal currently under consideration would allow locals to position personal trading assistants in the trading ring to enter CTI 1 trades only on a tablet with said individuals directly connected to hard wired ports located at the bottom/center of the ring. In order to guide the Committee on the best way to move forward with the development of this proposal, the Committee requests that Members who believe that this approach would facilitate their participation in side-by-side trading complete and return the attached form by the close of business on Wednesday, June 14, 2006 to the attention of the Membership Department located on the 4th floor.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com