• Listing of NY ULSD (Argus) vs. Heating Oil Spread BALMO Swap Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6153
      • Notice Date
      • 08 March 2012
      • Effective Date
      • 25 March 2012
    • Effective Sunday, March 25, 2012, and for trade date Monday, March 26, 2012, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will launch the contract below for trading on the NYMEX trading floor and submission for clearing on CME ClearPort. The contract is listed with, and subject to, the rules and regulations of NYMEX.
      SPECIFICATION SUMMARY:
      ·         Contract Name: NY ULSD (Argus) vs. Heating Oil Spread BALMO Swap Futures
      ·         Code: ULB
      ·         Rule Chapter: 1052
      ·         Listing Period: Through March-2013, discontinued thereafter
      ·         Contract Size: 42,000 gallons
      ·         Minimum Price Fluctuation: The minimum fluctuation shall be in multiples of one hundredth of one cent 0.0001 per gallon ($4.20 per contract). Prices shall be quoted in dollars and cents per gallon.
      ·         First Contract Listed: March 26, 2012
      ·         Listing Schedule: Through contract month March-2013, discontinued thereafter. One month and the following month listed 10 business days prior to the start of the contract month. 
      ·         Last Trading Day: Trading shall cease on the last business day of the contract month.
      ·         Trading and Clearing Hours: Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT). CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $0.85
      $1.10
      $1.35
       
      Globex
      n/a
      n/a
      n/a
      n/a
      n/a
      ClearPort
       
      $0.85
       
      $1.35
       
      Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      $0.10
      $0.10
      *only applies to financially settled contracts
      Futures from E/A
      n/a
      n/a
      *applies to futures contracts
       
      House Acct
      Cust Acct
      Options E/A Notice
      n/a
      n/a
      *applies to physical options
      Delivery Notice
      n/a
      n/a
      *applies to physical futures
      Additional Fees and Surcharges
      EFS Surcharge
      $0.00
      *$2.50 fee typically only charged on our core physical contracts
      Block Surcharge
      $0.00
      *$0.10 fee charged on block trades
      Facilitation Desk Fee
      $0.40
      *fee applies to CPC trades entered by ClearPort Market Ops

      Please refer questions to:
      Energy Research:
      Daniel Brusstar                          Daniel.Brusstar@cmegroup.com                        212.299.2604
      Funda Saygin                            Funda.Saygin@cmegroup.com                          212-299.2338

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