• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for Two (2) New Crude Oil Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5639
      • Notice Date
      • 24 February 2011
      • Effective Date
      • 28 February 2011
    • In connection with the launch of the Brent Option on Calendar Futures Strip and Brent Option on Quarterly Futures Strip contracts on trade date February 28, 2011, please note below the corresponding all month/any one month accountability levels (NYMEX Rule 560), expiration month position limits (NYMEX Rule 559), reportable levels (NYMEX Rule 561), and aggregation allocations for the new contracts.  These contracts will be added to the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook.  The commodity codes are provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format. 

       

      Contract related questions can be directed to Joe Hawrysz, Director, Global Market Surveillance, at 312.341.7750, and Ryne Toscano, Supervisor, Market Surveillance, at 212.299.2879.

       

      (Bold/underlining indicates additions)

      Contract Name

      Rule Chap-ter

      Com-modity Code

      All Month Account-ability Level

      Any One Month Account-ability Level

      Expira-tion Month Limit

      Report-ing Level

      Aggre-gate Into (1)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Petroleum

       

       

       

       

       

       

       

      Europe

       

       

       

       

       

       

       

      Northwest Europe

       

       

       

       

       

       

       

       

      Brent Option on Calendar Futures Strip

      826

      BPC

      20,000

      20,000

      2,000

      25

      BZ

       

      Brent Option on Quarterly Futures Strip

      827

      BQP

      20,000

      20,000

      2,000

      25

      BZ