• NYMEX to List Crude Oil MACI Index and Crude Oil Backwardation–Contango Index Futures Contracts on the CME Globex® Electronic Trading Platform – Effective Sunday, February 10, 2008

      • To
      • Market Data Distributors
      • From
      • Market Data Operations
      • #
      • Q2008-022
      • Notice Date
      • 01 February 2008
      • Effective Date
      • 10 February 2008
    • Attention NYMEX Market Data vendors,

       

      As a reminder, starting trade date February 11, 2008, the Exchange will make available for trading two new financially settled Index futures, NYMEX Crude Oil MACI Index and NYMEX Crude Oil Backwardation-Contango Index, on CME Globex®, the NYMEX Trading Floor, and NYMEX ClearPort® Clearing.  In addition, TAS (‘Trade at Settlement’) contracts in both Index futures will be available on CME Globex® and the NYMEX Trading Floor.  Block Trades can also be submitted for each product via the NYMEX Trading floor or NYMEX ClearPort® Clearing.

       

      Both products will only offer one contract initially: NYMEX Crude Oil MACI Index- a Jan 2011 contract; NYMEX Crude Oil Backwardation-Contango Index- a Dec 2010 contract.

       

      Both products will eventually support up to three contract months each.  For NYMEX Crude Oil MACI Index the Exchange will list a Jan 2012 contract on the second business day of January 2009, then a Jan 2013 contract on the second business day of January 2010.  For NYMEX Crude Oil Backwardation-Contango Index the Exchange will list a Dec 2011 contract on the second business day of January 2009, then a Dec 2012 contract on the second business day of January 2010.  Please note- Calendar Spreads will be supported when more than one contract becomes tradable for each product.

       

      Contract Specifications are attached:

      NYMEX MACI

      Changes

      NYMEX MACI TAS

      NYMEX MACI Calspd

       

      Also, please see the attached text files for ITC 2.1 Test Data:

      MACI Globex_Sample ITC 2.1

      MACI Floor & CPC Sample ITC 2.1

       

      It is important to note the following:

      ·      The product symbols for NYMEX Crude Oil MACI Index on CME Globex® will be XCN.

      ·      The product symbol for NYMEX Crude Oil Backwardation-Contango Index on CME Globex® will be XKN.   

       

      These are the same product symbols that will be used in the dissemination of ITC 2.1 Trade and Best Bid/Offer messages over the CME MDP. Real-time market data for both XCN and XKN will be published over Channel 38 (NYMEX Crude ITC 2.1 Futures) and Channel 30 (NYMEX Crude RLC Futures).

       

      ·      The product symbol for NYMEX Crude Oil MACI Index on both the NYMEX Trading Floor and NYMEX ClearPort® Clearing will be XC.

       

      ·      The product symbol for NYMEX Crude Oil Backwardation-Contango Index on both the NYMEX Trading Floor and NYMEX ClearPort® Clearing will be XK.

       

      ·      The product symbol for NYMEX Crude Oil MACI Index TAS on CME Globex® and the NYMEX Trading Floor will be will be XCT.

       

      ·      The product symbol for NYMEX Crude Oil Backwardation-Contango Index TAS on CME Globex® and the NYMEX Trading Floor will be XKT.

       

      • Settlement Messages for contracts in these products will be available only on the NYMEX ITC 2.1 Multicast feed. Though sharing the same settlement price for a particular contract, an ITC 2.1 settlement message (Category Code Q) will be published for both the Globex® Product Symbol and the NYMEX Floor Product Symbol (i.e., two settlement messages will be disseminated for each NYMEX Crude Oil MACI symbol; one for XC, one for XCN. Both messages will contain the same settlement price.).

       

      • Open Interest and Actual Volume (Category Code I) messages will not be made available for the Globex® Product symbols.  Instead, the Open Interest and Actual Volume messages will only be disseminated for the floor symbols over the NYMEX ITC 2.1 Multicast feed, and will include combined figures (Floor + Globex).

       

      Globex-specific Summary (Category Code J) messages will appear on the NYMEX ITC 2.1 Multicast feed with Session ID ‘G’, and will include the Globex® Product Symbol. Combined Summary (OJ) messages will also be sent over the NYMEX ITC 2.1 Multicast feed, will be distinguishable by a blank Session ID, and will include the NYMEX Floor Product Symbol.