Notice to Members
Notice No. 45 02/08/2008
Amendments to NYMEX Rule 6.40B Related to the Introduction of the NYMEX Crude Oil MACI Index and NYMEX Crude Oil Backwardation/Contango Index Contracts
In connection with the upcoming launch of the NYMEX Crude Oil MACI Index and NYMEX Crude Oil Backwardation/Contango Index Contracts, NYMEX Rule 6.40B is amended to make trading at settlement ("TAS") transactions available for Crude Oil Futures (CL) in the seventh nearby contract month. This amendment will be effective February 11, 2008. * * * * Rule 6.40B, Trading at Settlement (A) Trading at Settlement Procedure. A floor member may enter into a transaction at the settlement price through open outcry with another floor member in any futures contract and delivery month specified in Section (C) of this rule. Any such trade (collectively referred to as a trading at settlement or "TAS") shall be made by open outcry no later than 2:30 p.m. New York Time or such other time as designated by the Board on that same trading day in the trading ring designated for trading in the particular contract. (B) Prohibition on TAS Cross Trades. A Floor Member who has in hand buy and sell TAS orders of different principals for the same eligible commodity for future delivery in the same eligible delivery month shall not execute such orders directly between such principals. (C) Reporting and Recordation. All TAS transactions shall be identified as such on the executing member's trading records prepared in accordance with Rule 6.10 ("Reporting of Trades Executed on the Trading Floor"). (D) Transactions Eligible for Board Approval Ffor Trading at Settlement Procedures. The Board may, by resolution, authorize the execution of transactions in any or all of the futures contracts and delivery months specified below pursuant to the TAS order procedures set forth in this Rule 6.40B. Futures Contract Delivery Month Light Sweet Crude Oil Spot Month (except on the last trading day) and also Second, and Third and Seventh Nearby Months Heating Oil Spot Month (except on the last trading day) and also Second and Third Nearby Month Natural Gas Spot Month (except on the last trading day) and also Second and Third Nearby Month RBOB Gasoline Spot Month (except on the last trading day) and also Second and Third Nearby Month
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