• Delisting of Cross-State Air Pollution Rule Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6369
      • Notice Date
      • 27 August 2012
      • Effective Date
      • 27 August 2012
    • Earlier today, August 27, 2012, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) delisted four (4) Cross-State Air Pollution Rule (CSAPR) environmental futures contracts, listed below, from CME Globex and CME ClearPort (CPC). These contracts are no longer available for trading and clearing.
      This action was taken as a result of the decision to vacate the U.S. Environmental Protection Agency (EPA) Cross-State Air Pollution Rule issued by the U.S. Court of Appeals for the District of Columbia on August 21, 2012. The court vacated the rule in its entirety, finding it conflicted with the Clean Air Act. 

      Contract Title
      Product Chapter
      CPC Code
      Globex Code
      CSAPR TR SO2 Group 1 Allowance Futures
      1265
      SG1
      SG1
      1266
      SG2
      SG2
      CSAPR TR NOX Annual Allowance Futures
      1267
      NXA
      NXA
      1268
      NXS
      NXS

      There was no open interest in these contracts. The respective rule chapters and terms and conditions contained in Rule 588.G. (Non-Reviewable Ranges) and the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 (Trading Qualifications and Practices) of the NYMEX Rulebook were removed.
      NYMEX continues to offer numerous U.S. and European-based environmental products. Details of these active products can be found at www.cmegroup.com.
      Please refer questions on this subject to:
      Research and Product Development
      Greg Price                                Gregory.Price@cmegroup.com                          (212) 299-2625
      Products and Services
      Henrik Hasselknippe                  Henrik.Hasselknippe@cmegroup.com                (44) 203-379-3735
      Andrew Pisano                         Andrew.Pisano@cmegroup.com                        (212) 299-2557

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