NYMEX Options Expiration Operational Procedures for the Trading Floor and Clearing Members (LO) Effective Tuesday, June 17, 2014

NYMEX Options Expiration Operational Procedures for the Trading Floor and Clearing Members (LO) Effective Tuesday, June 17, 2014
- - To
  - Clearing Member Firms; Floor Brokers/Floor Clerks
- - From
  - CME Clearing
- - #
  - 14-236
- - Notice Date
  - 16 June 2014
- - Effective Date
  - 17 June 2014
- The expiration date for the July 2014 option contracts for the Crude Oil Option (LO) is Tuesday, June 17, 2014.
  
  FLOOR PROCEDURES
  
  All Floor Traders that carry on option position at the close of business on the day prior to the expiration day, or engaged in trading activity on Expiration Day in the expiring contract(s) are required to have a duly authorized representative available to the Exchange and other Floor Brokers or their representatives for trade resolution purposes.
  
  All Floor Brokers or their representatives can retrieve the EXPIRABLE OPTIONS CLEARED TRADES and EXPIRABLE OPTIONS DAILY OUT TRADES (Pending Trades) reports from the Member Reporting System (MRS) in Front End Clearing (FEC) for registered users.
  
  The CME Clearing Group will be available to assist Floor Traders or their representatives with processing trade corrections, transfers or any other expiration related questions or problems at 212-299-2144 or 312-207-2525.
  
  For the full text of this advisory, please click here.

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