Please be advised that, effective trade date Monday, May 16 2011, the New York Mercantile Exchange, Inc. (NYMEX) will implement an amendment to Rule 724.06 (Prices and Fluctuations) for the Singapore Gasoil (Platts) vs. ICE Gasoil Swap Futures contract (commodity code GA; chapter 724) in order to accommodate for a 3-decimal point price and provide greater price accuracy per barrel. The rule amendment is provided below in blackline format. This contract is listed for trading on the NYMEX trading floor and for clearing through CME ClearPort.
(underline indicates addition; strikethrough indicates deletion)
724.05. PRICES AND FLUCTUATIONS
Prices shall be quoted in U.S. dollars and cents per barrel. The minimum price fluctuation shall be
$0.01 per barrel. There shall be no maximum price fluctuation.
For more information please contact Daniel Brusstar at 212-299-2604.