Notice No. 634
December 15, 2008

Dual Listing of NYMEX Average Price Options on the NYMEX Division Trading Floor and ClearPort® Clearing

Beginning on Sunday evening, December 21, 2008 (for trade date December 22, 2008), the Exchange will dually list for trading on the NYMEX Division trading floor and for clearing on ClearPort® Clearing, four new Average Price Options. These options, and the associated underlying futures contracts against which they will be financially settled are:

PRODUCT	Ticker Symbol	Underlying Calendar Swap
Singapore Fuel Oil 180 cst Average Price Option	C5	UA
Singapore Gasoil Average Price Option	M2	SG
Singapore Jet Kerosene Average Price Option	N2	KS
Fuel Oil 3.5% Rotterdam Barges Average Price Option	Q6	UV

Trading Units:
A long call option will be financially settled on expiration day by the settlement price for the underlying calendar swap less the strike price, or zero, whichever is greater. A long put will be financially settled on expiration day by the strike price less the settlement price of the underlying calendar swap or zero, whichever is greater.

Strike Price Intervals:
Twenty strike prices in increments of $.50 per barrel above and below the at-the-money strike price for a total of at least 41 strike prices. Strike price boundaries are adjusted according to futures price movements.

Expiration Dates:
The Last Business Day of the Underlying Calendar Month.

Minimum Price Fluctuation:
Singapore Fuel Oil 180 cst APO: $0.01 (1¢) per Metric Ton
Singapore Gasoil APO: $0.01 (1¢) per Barrel
Singapore Jet Kerosene APO: $0.01 (1¢) per Barrel
Fuel Oil 3.5% Rotterdam Barges APO: $0.01 (1¢) per Metric Ton

Contract Size:
Singapore Fuel Oil 180 cst APO: 1,000 Metric Tons
Singapore Gasoil APO: 1,000 Barrels
Singapore Jet Kerosene APO: 1,000 Barrels
Fuel Oil 3.5% Rotterdam Barges APO: 1,000 Metric Tons

Trading Months:
36 consecutive monthly contracts beginning January 2009 through December 2011.
Fee Schedule for all the above option contracts:

Singapore Fuel Oil 180 cst and Fuel Oil 3.5% Rotterdam Barges Average Price Options;

(½ Turn)	Member	Cross Division (Blended)	Non-Member
NYMEX CPC	$6.00		$9.00

Open Outcry
Day Trade	$3.20
O/N Trade	$6.00	$9.00	$9.00

Cash Settlement	$6.00		$9.00
EFS, EFP, Spreads, Strips and ex Pit trades are available at standard member and nonmember rates – no surcharges apply. No block trades acceptable.


Singapore Gasoil and Singapore Jet Kerosene Average Price Options:

(½ Turn)	Member	Cross Division (Blended)	Non-Member
NYMEX CPC	$0.85		$1.35

Open Outcry
Day Trade	$0.45
O/N Trade	$0.85	$1.35	$1.35

Cash Settlement	$0.85		$1.35
EFS, EFP, Spreads, Strips and ex Pit trades are available at standard member and nonmember rates – no surcharges apply. No block trades acceptable.

Should you have any questions or require any further information, please contact ExchangeInformation@cmegroup.com