Notice to Members
Notice No. 535
11/29/2007
Listing of NYMEX One-Month Calendar Spread Options and Crack Spread Options on CME Globex
Beginning on Sunday evening, December 16, 2007 (for trade date December 17, 2007), the New York Mercantile Exchange, Inc. will list for trading, its NYMEX Division Crack Spread Options and One-Month Calendar Spread Options in Crude Oil, Natural Gas, Heating Oil, and RBOB Gasoline on the CME Globex® platform, alongside open-outcry trading on the NYMEX trading floor.

As listed in the table below, the options will trade on CME Globex® with product codes that differ from the existing clearing and trading product codes. The Clearing and Billing product codes for these products will remain as they currently are on the NYMEX trading floor, as well as for trade submission to NYMEX ClearPort® Clearing. The product codes for the synthetic (untradeable) underlying futures, which are used for settlement purposes, are listed in the second table below.

Options:
NYMEX Code
Globex Code
 Product Name
WA
WAY
 NYMEX WTI CRUDE OIL 1MO (1 Month Calendar Spread Option) OPTIONS
IA
IAY
 NYMEX NATURAL GAS 1MO (1 Month Calendar Spread Option) OPTIONS
FA
FAY
 NYMEX HEATING OIL 1MO (1 Month Calendar Spread Option) OPTIONS
ZA
ZAY
 NYMEX RBOB 1MO (1 Month Calendar Spread Option) OPTIONS
CH
CHY
 NYMEX HEATING OIL CRACK SPREAD OPTIONS
RX
RXY
 NYMEX RBOB CRACK SPREAD OPTIONS


Synthetic Futures (Non-Tradable):
NYMEX Code
Globex Code
 Product Name
CA
CAY
 SYNTHETIC NYMEX WTI CRUDE OIL 1MO (1 Month Calendar Spread Option) FUTURES
DG
DGY
 SYNTHETIC NYMEX NATURAL GAS 1MO (1 Month Calendar Spread Option) FUTURES
GH
GHY
 SYNTHETIC NYMEX HEATING OIL 1MO (1 Month Calendar Spread Option) FUTURES
ZI
ZIY
 SYNTHETIC NYMEX RBOB 1MO (1 Month Calendar Spread Option) FUTURES
HC
HCY
 SYNTHETIC NYMEX HEATING OIL CRACK SPREAD FUTURES
ZX
ZXY
 SYNTHETIC NYMEX RBOB CRACK SPREAD FUTURES


Also on December 16, 2007, User Defined Spread (UDS) functionality will be made available on the entire list of options above. The CME Globex® UDS functionality allows traders using ISVs certified in UDS to create custom strategies of existing outright options, Exchange defined option strategies or other user defined option strategies, which can be covered with up to two futures legs. Strategies can be created for two to 40 individual legs, including any futures legs.

In order to ensure orderly exercise procedures, no expiring option will be accepted for trading after the close of "open outcry trading" for the respective contracts on the NYMEX floor on the day of expiration.

A mock trading session for this Options launch on CME Globex® is scheduled for Saturday, December 8, 2007. Additional details will follow.

Trading Hours:
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.
Fees:

NYMEX Division Options Member Non-Member
Day Trade: $0.35 N/A
Overnight Trade: $0.60 $1.45
Cross Division Trade: $0.90 N/A


Should you have any questions or require any further information, please contact NYMEX Marketing at NYMEXMarketing@nymex.com.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com