• Listing of East-West Gasoline Spread (Platts-Argus) Swap Futures on NYMEX Trading Floor and CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6276
      • Notice Date
      • 14 June 2012
      • Effective Date
      • 01 July 2012
    • Effective Sunday, July 1, 2012, for trade date Monday, July 2, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list an East-West Gasoline Swap futures contract for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The futures contract will be financially settled. The contract will be listed with, and subject to, the rules and regulations of NYMEX.
      CONTRACT SPECIFICATIONS
      ·         Title: East-West Gasoline Spread (Platts-Argus)Swap Futures
      ·         Commodity Code: EWG
      ·         Rule Chapter: 1235
      ·         Listing Period: 12 consecutive months
      ·         First Listed Month: August 2012
      ·         Contract Size: 1,000 Metric Tons
      ·         Termination of Trading: Trading shall cease on the last business day of the contract month.
      ·         Minimum Price Intervals and Value per Tick: Minimum price tick = $0.001   Value per tick = $1.00 (per metric ton)
      ·         Final Settlement Price: Settlement tick = $0.001
      ·         Trading and Clearing Hours:
      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).
      Open Outcry:          Monday – Friday 9:00 a.m. – 2:30 p.m.(8:00 a.m. – 1:30 p.m. CT).
      ·         The Exchange will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort. EFRP transactions in these futures contracts will be governed by the provisions of Exchange Rule 538.
      ·         Fees:

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
       
      Pit
      n/a
      $7.00
      $8.00
      $9.00
       
      Globex
      n/a
      n/a
      n/a
      n/a
       
      ClearPort
       
      $7.00
       
      $9.00
       

       

       
      Processing Fees
       
       
      Member
      Non-Member
       
      Cash Settlement
      $1.00
      $1.00
      Futures from E/A
      n/a
      n/a
       
       
      House Acct
      Cust Acct
       
      Options E/A Notice
      n/a
      n/a
       
      Delivery Notice
      n/a
      n/a
       
       
       
       
      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.20
       

      Please refer questions on this subject to:
      Research and Product Development
      Richard Stevens                        Richard.Stevens@cmegroup.com                      +44 (20) 3379 3790
      Elizabeth Hui                             Elizabeth.Hui@cmegroup.com                         +44 (20) 3379 3707
      Owain Johnson                         Owain.Johnson@cmegroup.com                        +65 6593 5568
       

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Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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