• Amendment to the Floating Price Reference for Two (2) Argus Propane (Saudi Aramco) Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6596
      • Notice Date
      • 15 March 2013
      • Effective Date
      • 31 March 2013

    • Effective Sunday, March 31, 2013 for trade date Monday, April 1, 2013, and pending all CFTC review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend the Argus Propane (Saudi Aramco) Futures (chapter 589; code 9N; Globex code A9N) and the Mini Argus Propane (Saudi Aramco) Futures (chapter 851, code MAS) to revise the floating price reference. The rule amendments appear below in black-line format.

       

      　

      (bold/underline indicates addition; strikethrough indicates deletion)

       

       

      Chapter 589

      Argus Propane (Saudi Aramco) Futures

       

       

       

       

       

      589.02 FLOATING PRICE

       

      The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations final assessment from the Argus Media for Propane (Saudi Arabia) contract price for each business day that it is determined during the contract month.

       

      Chapter 851

       

      　

      Mini Argus Propane (Saudi Aramco) Futures

       

       

      851.02 FLOATING PRICE

      The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations final assessment from the Argus Media for Propane (Saudi Arabia) contract price for each business day that it is determined during the contract month.

      daniel.brusstar@cmegroup.com, (212) 299-2604

       

      Please refer questions on this subject to:

      Research and Product Development

      Daniel Brusstar,

      　

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