• Amendment of Position Limits and Accountability Levels for PJM AEP Dayton Hub Electricity Futures and Options

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6486
      • Notice Date
      • 12 December 2012
      • Effective Date
      • 27 December 2012
    • Effective Thursday, December 27, 2012, for a trade date of Friday, December 28, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend the position limits and accountability levels for several PJM AEP Dayton Hub electricity futures and option contracts. The new position limits and accountability levels are provided in the table below.  These contracts are listed with, and subject to, the rules and regulations of NYMEX.
       
      NYMEX Rulebook Chapter 5 Position Limit Table
      (Bold/underline indicates additions; strikethrough indicates deletion)
       
       

      Contract Name
      Rule Chap-ter
      Com-modity Code
      All Month Account-ability Level
      Any One Month Account-ability Level
      Expiration Month Limit
      Report-ing Level
      Aggre-gate Into (1)
       
       
       
      Rule 560
      Rule 560
      Rule 559
      Rule 561
       
      AEP-Dayton Hub
       
       
       
       
       
       
       
      PJM AEP Dayton Hub Real-Time Peak Calendar-Month 2.5 MW Futures
      765
      VM
      1,000 2,000
      750 1,500
      150 1,100
      25
      VM
      PJM AEP Dayton Hub Peak Calendar-Month LMP Option
      382
      OT
      1,000 2,000
      750 1,500
      150 1,100
      25
      VM
      PJM AEP Dayton Hub Real-Time Peak Calendar-Day 2.5 MW Futures
      766
      VD
      1,000 2,000
      750 1,500
      150 1,100
      25
      VM
      PJM AEP Dayton Hub 5 MW Peak Calendar-Month Real-Time LMP Futures
      896
      Z9
      1,000 2,000
      750 1,500
      150 1,100
      25
      VM
      PJM AEP Dayton Hub Peak 50 MW Calendar-Month LMP Option
      1181
      PJD
      1,000 2,000
      750 1,500
      150 1,100
      25
      VM
      PJM AEP Dayton Hub Peak 50 MW Calendar-Month LMP Option on Calendar Futures Strip
      1183
      PJP
      1,000 2,000
      750 1,500
      150 1,100
      25
      VM
      PJM AEP Dayton Hub Day-Ahead LMP Peak Calendar-Month 5 MW Futures
      156
      D7
      10,000 30,000
      7,500 20,000
      1,500 12,000
      25
      D7
      PJM AEP Dayton Hub Day-Ahead Peak Calendar-Day 2.5 MW Futures
      953
      PAP
      10,000 30,000
      7,500 20,000
      1,500 12,000
      25
      D7
      PJM AEP Dayton Hub Off-Peak LMP Futures
      765A
      VP
      1,000
      750
      150 400
      25
      VP
      PJM AEP Dayton Hub Real-Time Off-Peak Calendar-Month 5 MW Futures
      897
      V3
      1,000
      750
      150 400
      25
      VP
      PJM AEP Dayton Hub Real-Time Off-Peak Calendar-Day 2.5 MW Futures
      955
      AOR
      1,000
      750
      150 400
      25
      VP
      PJM AEP Dayton Hub Day-Ahead Off-Peak Calendar-Month 5 MW Futures
      157
      R7
      175,000
      125,000
      25,000 75,000
      25
      R7
      PJM AEP Dayton Hub Day-Ahead Off-Peak Calendar-Day 2.5 MW Futures
      954
      PEO
      175,000
      125,000
      25,000 75,000
      25
      R7

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Please refer questions on this subject to:
      Market Regulation
      Chris Reinhardt                          Chris.Reinhardt@cmegroup.com                        (212) 299-2882
      Ryne Toscano                           Ryne.Toscano@cmegroup.com                         (212) 299-2879
      Research & Product Development
      Greg Price                                Gregory.Price@cmegroup.com                          (212) 299-2625
       
      Products & Services
      Kristen Bauer                            Kristen.Bauer@cmegroup.com                           (713) 658-9294
      Trevor Lindhout                                   Trevor.Lindhout@cmegroup.com                       (713) 658-2346

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