• Listing of One (1) New Petroleum Futures Contract on CME Globex® and CME ClearPort® for Trading and Clearing

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-4951
      • Notice Date
      • 12 August 2009
      • Effective Date
      • 12 August 2009
    • Please be advised that beginning on Saturday, August 22 2009, for trade date Monday, August 24, 2009, the New York Mercantile Exchange, Inc. (“NYMEX”) will list one new petroleum futures contract for trading on the CME Globex electronic trading platform and for submission for clearing on CME ClearPort.  This contract is listed by NYMEX, and is subject to NYMEX and CME rules and regulations. 

      The new petroleum contract, commodity code and rule chapter is as follows:

      Product                                   

      ClearPort Clearing

      Code                           

       

      Globex

      Code            

      Rule Chapter  

      European Gasoil (ICE) Futures

      7F

      GLI

      712

      The first listed month for this contract will be the September 2009 contract month.  The European Gasoil (ICE) Futures contract will be listed for 36 consecutive contract months.  This contract will be financially settled.

       

      The fees for the European Gasoil (ICE) Futures contract are:

       

      Globex Billing Rates

      ClearPort Clearing Billing Rates

      Cash Settlement Fee

      Day Trade: $0.35

      Member:           $0.60

      Member:           $0.60

      Overnight Trade:

      Non-Member:    $0.75

      Non-Member:    $0.75

      Member: $0.60

      Non-Member: $0.75

             

       

       

      Globex – IIP Rate: $0.70

      COMEX Blended Rate: $0.75

       

      This new petroleum contract will be available during normal trading hours on CME Globex from 6:00 p.m. Sunday until 5:15 p.m. Friday (New York prevailing time).  There is a 45-minute halt in trading each day between 5:15 p.m. (current trade date) and 6:00 p.m. (next trade date).

      The Exchange will allow exchange of futures for physical (“EFP”) and exchange of futures for swap (“EFS”) transactions to be submitted through CME ClearPort clearing.  The EFP and EFS transactions in this futures contract will be governed by the provisions of Exchange Rules 6.21 and 6.21A, respectively. 

      For further information, please contact Daniel Brusstar at (212) 299-2604.