• Addition of CME Globex Trading Venue for Brent Look-Alike Crude Oil Option (BE)

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5446
      • Notice Date
      • 19 October 2010
      • Effective Date
      • 14 November 2010

    • Beginning on Sunday, November 14, 2010 for trade date Monday, November 15, 2010, the New York Mercantile Exchange, Inc. (NYMEX) will list its existing Brent Look-Alike Crude Oil option (commodity code BE; rule chapter 378) on the CME Globex trading platform for six consecutive contract months. 

      The Brent Look-Alike Crude Oil option contract will continue to be available for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort up to 72 consecutive months on an annual basis (balance of current year plus five full years) and then June and December contracts for three additional years.

      The CME Globex transaction fees for are provided in the tables below.

      Product

      Globex Exchange Fee

      Member Day

      Member Overnight

      Cross Division

      Non-Member

      Intl. Incentive Programs

      Brent Look-Alike Crude Oil Option (BE)

      $0.45

      $0.70

      $0.95

      $1.45

      $0.75

       

      Product

      Cash-Settlement

      Member

      Non-Member

      Brent Look-Alike Crude Oil Option (BE)

      $0.90

      $1.15

      Should you have any questions, please contact Robert Biolsi at (212) 299-2610.

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