• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for Three (3) New Short-Term Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5846
      • Notice Date
      • 15 July 2011
      • Effective Date
      • 18 July 2011
    • In connection with the launch of three (3) new Short-Term Option contracts on trade date July 18, 2011 (see SER-5803 dated June 21, 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 Chris Reinhardt, Associate Director, Market Surveillance, at 212.299.2882, and Ryne Toscano, Supervisor, Market Surveillance, at 212.299.2879.


       

      NYMEX Rulebook Chapter 5 Position Limit Table

      (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

       

       

       

       

       

       

       

      USA

       

       

       

       

       

       

       

      Cushing, Oklahoma

       

       

       

       

       

       

       

       

      Short-Term Crude Oil Option

      1065

      C01-C31

      20,000

      10,000

      3,000

      25

      C01-C31

      Metals

       

       

       

       

       

       

       

      USA

       

       

       

       

       

       

       

       

      Short-Term Gold Option

      1067

      L01-L31

      6,000

      6,000

      3,000

      25

      L01-L31

      Natural Gas

       

       

       

       

       

       

       

      USA

       

       

       

       

       

       

       

       

      Short-Term Natural Gas Option

      1066

      U01-U31

      12,000

      12,000

      1,000

      25

      U01-U31