• Amendment to the Termination of Trading Rule for the Midwest ISO Indiana Hub 5 MW Peak Calendar-Day Real-Time Swap Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6413
      • Notice Date
      • 04 October 2012
      • Effective Date
      • 22 October 2012
    • Effective October 22, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) is amending the termination of trading rule for the Midwest ISO Indiana Hub 5 MW Peak Calendar-Day Real-Time Swap Futures contract (commodity code PTD, chapter 1075). The subject futures contract does not have any open interest.
       
      Currently the subject futures contract stops trading on the specified calendar day. When the peak day is not a business day, trading ceases on the previous business day. The amendment changes the termination of trading to the business day following the peak day when the following day is a business day.  When the day following the peak day is not a business day, trading ceases on the last business day prior to the day which is not a business day. This action is being taken to align the subject futures contract’s termination of trading rule with that of other real-time, calendar-day futures contracts.
      The rule amendment is presented in black-line format below.
      1075.08 TERMINATION OF TRADING
       
      Trading shall cease on the business day that is the peak day. When the peak day is not a business day, trading shall cease on the previous business day. Trading shall cease on the business day following the peak day when the following day is a business day. When the day following the peak day is not a business day, trading shall cease on the last business day prior to the day which is not a business day.
      Please refer questions on this subject to:
      Research and Product Development
      Greg Price                                Gregory.Price@cmegroup.com                          (212) 299-2625
       
      Products and Services
      Todd Schlaht                            Todd.Schlaht@cmegroup.com                           (403) 444-5568

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