• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for One (1) New NY ULSD Financial Futures Contract and Two (2) New NY ULSD Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6089
      • Notice Date
      • 19 January 2012
      • Effective Date
      • 19 January 2012
    • In connection with the launch of one (1) new NY ULSD Financial futures contract and two (2) new NY ULSD option contracts on trade date January 23, 2012 (see SER-6054 dated December 19, 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

       

       

       

       

       

       

       

      New York Harbor

       

       

       

       

       

       

       

       

      NY ULSD Financial Futures

      1152

      ULS

      7,000

      7,000

      1,000

      25

      ULS

       

      NY ULSD Option

      1153

      ULO

      7,000

      7,000

      650

      25

      LH

       

      NY ULSD European Option

      1154

      ULE

      7,000

      7,000

      1,000

      25

      ULS