Beginning on Sunday evening, August 19, 2007 (for trade date August 20, 2007),
the New York Mercantile Exchange, Inc. will list a financially settled Equity
Index Futures Contract on CME Globex® and NYMEX ClearPort® Clearing. The
contracts will be based on the Ardour Global XL Index of Equities. The follow
are contract specifications:
| Ticker: |
AX |
| |
|
| Monthly Listings: |
Four Initial months will be listed on a March, June, September, and December
cycle beginning with September 2007 |
| |
|
| Expiration |
Final settlement will be on the third Friday of the Delivery Month. If
that Friday is a business holiday, final settlement will occur on the business
day immediately prior to the third Friday. Trading on the expiring contract
will end as of the close of CME GLOBEX® trading on the evening prior
to final settlement. |
| Trading Hours: |
|
NYMEX ClearPort® Clearing
and CME Globex®: |
From 6:00 PM Sundays through 5:15 PM Fridays, Eastern Time, with a 45-minute
break each day between 5:15 PM and 6:00 PM |
| |
|
| NYMEX Fees: |
| CME Globex®: |
| Member Day Trade: |
$1.00 |
| Member Day Trade: |
$1.00 |
| Member Overnight: |
$1.75 |
| Non-Member |
$3.00 |
| |
|
| NYMEX ClearPort®: |
| Member: |
$3.00 |
| Non-Member |
$3.00 |
| |
|
| COMEX Member Blended Rate: |
$3.00 |
|
| |
|
| Cash Settlement Fees: |
| Member: |
$1.00 |
| Non-Member |
$1.50 |
|
| |
|
| Contract Value: |
$25 times Cash Index |
| |
|
| Minimum Tick |
0.50 index point or $12.50 contract value |
| |
|
| Margins: |
To be determined |
Please contact the NYMEX Marketing hotline at NymexMarketing@nymex.com
with any questions. |
