Notice to Members
Notice No. 202 04/09/2008
Compliance Advisory: REMINDER – Timely Allocation of Trades
Please be reminded that, pursuant to NYMEX Rule 9.04(M)(2), Clearing Procedure, all trades executed on the NYMEX Division Trading Floor must be allocated within one hour after the Exchange supplies the initial transfer information. A Floor Member is required to submit all transfer information, including a customer account number, clearing member number and customer type indicator code to the Clearing Member within this time period. Timely trade transfer information is extremely relevant for all Clearing Members for the purpose of risk management. Floor Members have pointed out that trades cannot be allocated in a timely fashion if incomplete information is relayed by the customer at the time of order placement. We are, therefore, requesting that Clearing Members remind their customers that account information must be supplied to the Floor Member promptly in order to ensure that trades are allocated in a timely fashion.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com