• Gasoil 7F Price Flux change (Globex,NX Pit) and extend listing cycle

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 14-340
      • Notice Date
      • 02 September 2014
      • Effective Date
      • 21 September 2014

    • Effective Sunday September 21, 2014 with first trade date Monday September 22, 2014, and pending all CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (“CME”) proposes to amend the Prices and Fluctuations rule for the European Gasoil (100mt) Bullet Futures contract for trades on CME Globex and the NYMEX trading floor. The minimum price fluctuation shall be amended to $0.05 per metric ton for outright and spread transactions. Prices shall be quoted in US dollars and cents per metric ton and the minimum price fluctuation for settlement shall be $0.05 per metric ton.

       The Prices and Fluctuations rule for trades submitted via CME ClearPort will remain unchanged at $0.05 per metric ton.

       

      Code

      Clearing/Globex

      Title

      Current Tick Rule

      New Tick Rule

      (as of September 22, 2014)

      7F/GLI

      European Gasoil (100mt) Bullet Futures

      0.25 per metric ton

      0.05 per metric

       At the same time, the listing schedule will also be amended to monthly contracts for the current year +6 consecutive years on CME Globex, the NYMEX Trading Floor and CME ClearPort. 

       

      Code

      Clearing/Globex

      Title

      Current Listing Rule

      New Listing Rule

      (as of September 22, 2014)

      7F/GLI

      European Gasoil (100mt) Bullet Futures

      Monthly contracts for the current year +3 years

      Monthly contracts for the current year +6 years

       

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