• Amendment to the Aggregation of Positions for Sixteen (16) ERCOT Electricity Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6518
      • Notice Date
      • 22 February 2013
      • Effective Date
      • 10 March 2013
    • Effective Sunday, March 10, 2013, for the trade date Monday, March 11, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend the aggregation of positions for sixteen (16) ERCOT electricity futures contracts as provided below. In anticipation of subsequent rule amendments that the Exchange intends to certify with the CFTC in the near term, the sixteen (16) contracts will aggregate into other 5 MW futures contracts. This amendment does not alter the existing position limits or accountability levels.
       
      NYMEX Rulebook Chapter 5 Position Limit Table
      (Bold/underlining indicates addition; strikethrough indicates deletion)
       
       

      Contract Name
      Rule Chap-ter
      Com-modity Code
      All Month Account-ability Level
      Any One Month Account-ability Level
      Expira-tion Month Limit
      Report-ing Level
      Aggre-gate Into (1)
       
       
       
      Rule 560
      Rule 560
      Rule 559
      Rule 561
       
      ERCOT Reliability Council of Texas (ERCOT) Platts Megawatt Daily
       
       
       
       
       
       
       
      ERCOT Houston 345 kV Hub 5 MW Peak Futures
       
      276
      I1
      2,000 20,000
      1,500 15,000
      250 2,500
      25
      2N I1
      ERCOT Houston 345 kV Hub 5 MW Peak Calendar-Day Futures
      278
      I3
      2,000 20,000
      1,500 15,000
      250 2,500
      5
      2N I1
      ERCOT Houston 345 kV Hub 5 MW Off-Peak Futures
      277
      I2
      30,000 300,000
      20,000 200,000
      4,000 40,000
      25
      2WI2
      ERCOT Houston 345 kV Hub 5 MW Off-Peak Calendar-Day Futures
      279
      I4
      30,000 300,000
      20,000 200,000
      4,000 40,000
      25
      2W I2
      ERCOT North 345 kV Hub 5 MW Peak Futures
       
      280
      I5
      2,000 20,000
      1,500 15,000
      300 3,000
      25
      2P I5
      ERCOT North 345 kV Hub 5 MW Peak Calendar-Day Futures
      282
      I7
      2,000 20,000
      1,500 15,000
      300 3,000
      1
      2P I5
      ERCOT North 345 kV Hub 5 MW Off-Peak Futures
      281
      I6
      35,000 350,000
      25,000 250,000
      5,000 50,000
      25
      2X I6
      ERCOT North 345 kV Hub 5 MW Off-Peak Calendar-Day Futures
      283
      I8
      35,000 350,000
      25,000 250,000
      5,000 50,000
      5
      2X I6
      ERCOT South 345 kV Hub 5 MW Peak Futures
      284
      I9
      750 7,500
      500 5,000
      100 1,000
      5
      2Q I9
      ERCOT South 345 kV Hub 5 MW Peak Calendar-Day Futures
      286
      K1
      750 7,500
      500 5,000
      100 1,000
      1
      2Q I9
      ERCOT South 345 kV Hub 5 MW Off-Peak Futures
      285
      J1
      10,000 100,000
      7,500 75,000
      1,500 15,000
      25
      2Y J1
      ERCOT South 345 kV Hub 5 MW Off-Peak Calendar-Day Futures
      287
      M1
      10,000 100,000
      7,500 75,000
      1,500 15,000
      5
      2Y J1
      ERCOT West 345 kV Hub 5 MW Peak Futures
      288
      N1
      900 9,000
      600 6,000
      125 1,250
      5
      2R N1
      ERCOT West 345 kV Hub 5 MW Peak Calendar-Day Futures
      290
      R1
      900 9,000
      600 6,000
      125 1,250
      1
      2R N1
      ERCOT West 345 kV Hub 5 MW Off-Peak Futures
      289
      O1
      15,000 150,000
      10,000 100,000
      2,000 20,000
      25
      3D O1
      ERCOT West 345 kV Hub 5 MW Off-Peak Calendar-Day Futures
      291
      R4
      15,000 150,000
      10,000 100,000
      2,000 20,000
      25
      3D O1

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Contract related questions can be directed to Chris Reinhardt, Director, Market Surveillance, at 212.299.2882, and Ryne Toscano, Manager, Market Surveillance, at 212.299.2879

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