Listing of New Iron Ore 62% Fe, CFR North China (Platts) Swap Futures

Please be advised that on Sunday, October 17, 2010, for trade date Monday, October 18, 2010, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will launch a new Iron Ore 62% Fe, CFR North China (Platts) Swap Futures contract (Chapter 925, commodity code PIO) for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort.  This iron ore contract will be based on the Platts Iron Ore Iodex CFR North China 62% Fe index. 

The Iron Ore 62% Fe, CFR North China (Platts) Futures contract is listed by NYMEX, and is subject to NYMEX and Chicago Mercantile Exchange Inc. rules and regulations.

SPECIFICATIONS:

·         Commodity Code: PIO

·         Contract Unit: 1,000 dry metric tons.

·         Termination of Trading: Trading shall terminate on the last business day of the contract month.  Business days are based on the Singapore Holiday calendar.

·         Listed Months: Trading is conducted in 24 consecutive months.

·         Initial Contract Month: November 2010.

·         Floating Price: The floating price for each contract month is equal to the average price calculated for all available price assessments published for "Iron ore fines 62% Fe - CFR China Port" for that given calendar month by Platts.

·         Minimum Price Tick: $0.01.

·         Value Per Tick: $10.00

·         Settlement Tick: $0.01

·         Fee Schedule: The fees for Iron Ore 62% Fe, CFR North China (Platts) Swap Futures are listed below. Please note that the Exchange will offer a broker rebate of 50% for trading and clearing of the contract.

Should you have any questions or require further information, please contact Robert Levin at 212-299-2390 or Joann Arena at 212-299-2356.