• Listing of NYMEX Brent 25-Day (Platts) Crude Oil Futures and Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6010
      • Notice Date
      • 21 November 2011
      • Effective Date
      • 11 December 2011
    • Effective Sunday, December 11, 2011, for trade date Monday, December 12, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the NYMEX Brent 25-Day (Platts) futures contract for trading on Globex and for submission for clearing through CME ClearPort, pending all relevant CFTC regulatory review periods.  The final settlement price on the last day of trading will be based on the Platts Brent 25-day cash market assessment at the London close, using the Platts Market on Close (MOC) methodology.  The first listed month will be the February 2012 contract month.  The contract is listed with, and subject to, the rules and regulations of NYMEX.






      NYMEX Brent 25-Day (Platts) Futures


      1,000 barrels


      Current year plus five years, and June and December months for an additional three years.

      Starting in January 2012 with the expiry of the February 2012 contract month, the last trading day for the new contract will align with the underlying Brent (also called BFOE) 25-day cash market, in conformance with the revisions to Shell’s generally-accepted terms and conditions, known as the SUKO 90 terms.  Furthermore, starting with the March 2015 contract month, the last trading day shall align with a shift in the underlying Brent cash market to a 30-day basis, and will expire on the last business day of the second month preceding the contract month.

      Trading Hours:

      Globex and 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).


      The Exchange will list the corresponding NYMEX Brent 25-Day (Platts) option contracts for clearing through CME ClearPort, pending CFTC regulatory approvals.

      For additional information, please contact Daniel Brusstar (212) 299-2604.