• Reduction of Minimum Price Increment for U.S. Midwest Domestic Hot-Rolled Coil Steel Index Average Price Option Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6600
      • Notice Date
      • 28 March 2013
      • Effective Date
      • 14 April 2013

    • Effective Sunday, April 14, 2013 for trade date Monday, April 15, 2013, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will reduce the minimum price increment rule for the U.S. Midwest Domestic Hot-Rolled Coil Steel Average Price Index Option contract (chapter 1095, commodity code HRO) which is listed for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort.

       

      UNDERSCORE

       

       denotes addition; Strikethrough denotes deletion

      Prices shall be quoted in dollars and cents per ton and prices shall be in multiples of

      Chapter 1095

      U.S. Midwest Domestic Hot-Rolled Coil Steel Index Average Price Option

       

      1095101.C. Price Increments

      one dollar ($1.00)twenty-five cents ($0.25) per ton of U.S. Midwest Domestic Hot-Rolled Coil Steel represented by the underlying futures contract. bob.biolsi@cmegroup.com 212.299.2610

      　

      The Commodity Futures Trading Commission (CFTC) will be notified of the reduction of the minimum price increment of the U.S. Midwest Domestic Hot-Rolled Coil Steel Index Average Price Option contract during the week of April 22, 2013, via the weekly notification procedures set forth in Part 40 of the CFTC Regulations.

      　

      　

      　

      Metals Research:

      Bob Biolsi

      Youngjin Chang youngjin.chang@cmegroup.com 312.466.4637

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