Listing of 7 New Petroleum Futures on NYMEX Trading Floor and CME ClearPort®

Effective Sunday, January 24, 2010 for trade date Monday, January 25, 2010, the New York Mercantile Exchange, Inc. (“NYMEX”) will list seven new, financially settled, petroleum futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort, a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. These contracts are listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.

The seven new products, codes and rule chapters are:

The first listed month for these contracts will be the February 2010 contract month.  The Mont Belvieu Mini LDH Propane (OPIS) Swap Futures (code 81) will be listed for the current year and the next 4 calendar years consecutively.  Each of the Mont Belvieu LDH Propane (OPIS) vs. Argus Propane Far East Index (code 31), Argus Propane Far East Index vs. European Propane CIF ARA (Argus) (code 91), and the Mont Belvieu LDH Propane (OPIS) vs. European Propane CIF ARA (Argus) (code 51) swap futures contracts will be listed for 36 consecutive contract months. The three BALMO contracts (codes 22, 32, 42) will each be listed for one month and the following month for 10 business days prior to the start of the contract month.

The fees for the new contracts are listed below. 

Trading and clearing hours are:

CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

Open Outcry:    Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT).

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