Listing of Three (3) New Petroleum Futures on NYMEX Trading Floor and CME ClearPort

Effective Sunday, May 1, 2011, for trade date Monday, May 2, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following petroleum futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. These futures contracts will be financially settled. The contracts are listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc. 

The contract titles, commodity codes and rule chapters are provided in the table below.

The Exchange will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort.  EFRP transactions in these futures contracts will be governed by the provisions of Exchange Rule 538.

SPECIFICATIONS

·         Contract Size:        MUD and MGB = 100 Metric Tons

EPN = 1,000 Metric Tons

·         First Listed Month: June 2011

·         Listing Period: 36 consecutive months

·         Termination of Trading: Trading shall cease on the last business day of the contract month.

·         Minimum Price Tick: $0.001

·         Value per Tick: MUD and MGB = $0.10; EPN = $1.00

·         Final Settlement Price:  minimum settlement tick = $0.001

·         Trading and Clearing Hours:

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).

·         Exchange Fees:

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