• Amend Floating Price and Product Names: Group Three Unleaded Gas

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 14-060
      • Notice Date
      • 05 February 2014
      • Effective Date
      • 31 January 2014
    • Effective Thursday, January 30, 2014, for trade date Friday, January 31, 2014, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange, Inc. (EXCHANGE) will change the Floating Price reference and the names of the products listed below on CME Globex, Open Outcry and available for submission for clearing on CME ClearPort.
       
      Clearing/Globex code: A8/AA8
      Current Product name: Group Three Unleaded Gasoline (Platts) vs. RBOB Futures
      New Product name: Group Three Sub-octane Gasoline (Platts) vs. RBOB Futures
      Current Floating PriceThe Floating Price for each contract month is equal to the arithmetic average of Platts Group Three Unleaded Gasoline mean minus the NYMEX RBOB Gasoline Futures first nearby contract month settlement price for each business day that both prices are determined during the contract month.
      For purposes of determining the Floating Price, the Platts Group Three Unleaded Gasoline mean will be rounded each day to the nearest thousandth of a cent.
      New Floating PriceThe Floating Price for each contract month is equal to the arithmetic average of Platts Group Three Sub-octane Gasoline mean minus the NYMEX RBOB Gasoline Futures first nearby contract month settlement price for each business day that both prices are determined during the contract month. For purposes of determining the Floating Price, the Platts Group Three Sub-octane Gasoline mean will be rounded each day to the nearest thousandth of a cent.
       
      Clearing/Globex code: A9/AA9
      Current Product name: Group Three Unleaded Gasoline (Platts) Futures
      New Product name: Group Three Sub-octane Gasoline (Platts) Futures
      Current Floating PriceThe Floating Price for each contract month is equal to the arithmetic average of the Platts Group Three Unleaded gasoline mean for each business day that the Floating Price is determined during the contract month.
      New Floating PriceThe Floating Price for each contract month is equal to the arithmetic average of the Platts Group Three Sub-octane gasoline mean for each business day that the Floating Price is determined during the contract month.