• Energy TAS Pricing Changes - Effective Sunday, June 21, 2009 -- Updated Information

      • To
      • Quote Vendors
      • From
      • Market Data Operations
      • #
      • Q2009-106
      • Notice Date
      • 28 May 2009
      • Effective Date
      • 21 June 2009

    • Effective Sunday, June 21 (trade date Monday, June 22), the trade pricing conventions for all energy Trade At Settlement (TAS) products listed on CME Globex and NYMEX trading floor  will be re-benchmarked.

      Currently , TAS products trade at a settlement price that equals 100, with valid trade prices ranging from 110 to 90. With this change, the settlement price will now equal 0, and valid trade prices will range from -10 to 10, with TAS products possibly trading at both negative and zero prices.

      As a reminder, instruments eligible to trade at negative prices are identified by tag 871=24, tag 872=11 in the Security Definition (tag 35=d) message. Instruments eligible to trade at zero prices are identified by tag 871=24, tag 872=16 in the Security Definition message.

      Affected products are listed below:

      #

      Name

      Current Globex Group Code

      Current Globex Product Code

      1

      CRUDE OIL

      CT

      CLT

      2

      HEATING OIL

      CT

      HOT

      3

      NATURAL GAS

      NA

      NGT

      4

      NY Harbor RBOB (Blendstock) Gas

      CT

      RBT

      5

      Brent Financial

      WT

      BBT

      6

      REBCO Crude Oil

      CT

      RET

      7

      Gulf Coast Gasoline

      CT

      LRT

      8

      Gulf Coast Ultra Low Sulfur Diesel

      CT

      LUT

      9

      NYMEX Cocoa

      C1

      CJT

      10

      NYMEX Coffee

      KD

      KTT

      11

      NYMEX Cotton

      TC

      TTT

      12

      NYMEX Sugar 11

      YA

      YOT

      13

      New York Harbor ULSD

      CT

      LHT

      14

      Brent Last Day Contract

      WT

      BZT

      15

      NYMEX Crude Oil MACI Index

      CT

      XCT

      16

      NYMEX Crude Oil Backwardation Contango Index

      CT

      XKT

      The TAS products with the new pricing convention will be available for testing in New Release on Monday, June 1, 2009.

      Please contact Market Data Operations (MDO) at mdo@cmegroup.com, if you have any questions concerning this notice.

       

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