• Large Trader Requirements, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, Reporting Levels, Diminishing Balance Designations, and Spot Month Aggregation Allocations for Three (3) New European Mini Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6915
      • Notice Date
      • 14 November 2013
      • Effective Date
      • 18 November 2013
    • In connection with the launch of three (3) new European Mini futures contracts on trade date November 18, 2013 (see SER-6880 dated October 28, 2013), please note below the corresponding all month/single month accountability levels (NYMEX Rule 560), initial spot month position limits (NYMEX Rule 559), reportable levels (NYMEXRule 561), diminishing balance designation, and spot month aggregation allocations for the new contracts. Effective trade date November 18, 2013, and pending all relevant CFTC regulatory review periods, the terms and conditions for these contracts will be inserted into the NYMEX Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook, as noted below.
       
      The commodity codes are provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format. 
       

      Contract Name
      Rule Chap-ter
      Com-modity Code
      Diminish-ing Balance Contract
      Spot-Month Aggregate Into Futures Equivalent Leg (1)
      All Month Aggregate Into Futures Equivalent Leg (2)
      Initial Spot-Month Limit (In Net Futures Equiva-lents)
      Single Month Account-ability Level Leg (1) / Leg (2)
      All Month Account-ability Level Leg (1) / Leg (2)
      Report-ing Level
      Mini Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures
      1239
      MEB
      Y
      7H
       
      500
      2,500
      3,500
      25
       
      Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures
      1242
      MXR
      Y
      27
      7H
      1,000/ 500
      5,000/ 2,500
      7,000/ 3,500
      25
       
      Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) Futures
      1243
      MXB
      Y
      27
      7H
      1,000/ 500
      5,000/ 2,500
      7,000/ 3,500
      25

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Please refer questions on this subject to:
      Market Surveillance
      Chris Reinhardt                                      Chris.Reinhardt@cmegroup.com                        (212) 299-2882
      Ryne Toscano                                       Ryne.Toscano@cmegroup.com                                     (212) 299-2879
       
       

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