• Amendment – Position Limit, Position Accountability and Reportable Level Table in Chapter 5 of the NYMEX Rulebook for the Gulf Coast Sour Crude Oil Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5687
      • Notice Date
      • 28 March 2011
      • Effective Date
      • 30 March 2011
    • Please be advised that, effective March 30, 2011, the New York Mercantile Exchange, Inc. (NYMEX) is implementing an amendment to the NYMEX Chapter 5, Position Limit, Position Accountability and Reportable Level Table to decrease the expiration month position limit for the Gulf Coast Sour Crude Oil Futures contract from its current 5,000 contract units to 1,600 contract units. 

       

       

      (Bold/underlining indicates additions; strikethrough indicates deletions)

       

       

      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

       

       

       

       

       

       

       

      USA

       

       

       

       

       

       

       

      Gulf Coast

       

       

       

       

       

       

       

       

      Gulf Coast Sour Crude Oil Futures

      506

      MB

      30,000

      20,000

      5,000 1,600

      25

      MB

       

       

       

       

       

       

       

       

       

       

       

       

       

      Contract related questions can be directed to Daniel Brusstar, Director, Energy Research and Product Development, at 212.299.2604, or Ryne Toscano, Supervisor, Market Surveillance, at 212.299.2879.