• Large Trader Requirements, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, Reporting Levels, and Spot Month Aggregation Allocations for Ten (10) New Fixed-Price Natural Gas Futures Contracts, and Amendments to the Aggregation Allocations for Twenty-Two (22) Existing Related Futures and Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6988
      • Notice Date
      • 02 January 2014
      • Effective Date
      • 06 January 2014
    • In connection with the launch of ten (10) new fixed-price natural gas futures contracts on trade date January 6, 2014, (see SER-6955 dated December 11, 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), and spot month aggregation allocations for the new contracts.  Effective trade date January 6, 2014, 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. 
       
      Additional administrative amendments were made to the aggregation allocations of twenty-two (22) existing related natural gas futures and option contracts that were affected by the launch of the new contracts.  
       
       
      (Bold underlining indicates additions; strikethrough indicates deletions)
       

      Contract Name
      Rule Chap-ter
      Com-modity Code
      Spot-Month Aggre-gate Into Futures Equiva-lent Leg (1)
      Spot-Month Aggre-gate Into Futures Equiva-lent Leg (2)
      Initial Spot-Month Limit (In Net Futures Equiva-lents)  Leg (1) / Leg (2)
      Single Month Account-ability Level Leg (1) / Leg (2)
      All Month Account-ability Level Leg (1) / Leg (2)
      Report-ing Level

       
       
       
       
       
       
       
       
       
       
       
       

       
      Algonquin City-Gates Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      457
      N7
      C8
      B4 XAC
      500/8,000
      2,500/10,000
      3,500/
      10,000
      25

       
      Algonquin City-Gates Natural Gas (Platts IFERC) Basis Futures
      876
      B4
      B4 XAC
       
      8,000
      10,000
      10,000
      25
       
      Algonquin Natural Gas (Platts IFERC) Fixed Price Futures
      1013
      XAC
      XAC
       
      8,000
      10,000
      10,000
      25
       
      Chicago Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      700
      IS
      SS
      NB XO
      2,000/5,000
      10,000/
      10,000
      10,000/
      10,000
      25
       
      Chicago Natural Gas (Platts IFERC) "Pipe" Option
      517A
      PY
      NB XO
       
      5,000
      10,000
      10,000
      25
       
      Chicago Natural Gas (Platts IFERC) Basis Futures
      517
      NB
      NB XO
       
      5,000
      10,000
      10,000
      175
       
      Chicago Natural Gas (Platts IFERC) Fixed Price Futures
      1015
      XO
      XO
       
      5,000
      10,000
      10,000
      25
       
      CIG Rockies Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      883
      Z8
      U8
      CI XIC
      25/1,000
      200/10,000
      300/10,000
      25
       
      CIG Rockies Natural Gas (Platts IFERC) Basis Futures
      633
      CI
      CI XIC
       
      1,000
      10,000
      10,000
      25
       
      CIG Rockies Natural Gas (Platts IFERC) Fixed Price Futures
      1017
      XIC
      XIC
       
      1,000
      10,000
      10,000
      25
       
      Florida Gas Zone 2 Natural Gas (Platts IFERC) Fixed Price Futures
      1019
      XGC
      XGC
       
      6,000
      10,000
      10,000
      25

       

       
      Florida Gas Zone 3 Natural Gas (Platts IFERC) Fixed Price Futures
      1020
      XFC
      XFC
       
      8,000
      10,000
      10,000
      25
       
      Florida Gas, Zone 2 Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      441
      C3
      X5
      8A XGC
      50/6,000
      500/10,000
      750/10,000
      25
       
      Florida Gas, Zone 2 Natural Gas (Platts IFERC) Basis Futures
      429
      8A
      8A XGC
       
      6,000
      10,000
      10,000
      25
       
      Florida Gas, Zone 3 Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      447
      Q9
      J8
      FP XFC
      500/8,000
      2,500/10,000
      3,500/
      10,000
      25
       
      Florida Gas, Zone 3 Natural Gas (Platts IFERC) Basis Futures
      806
      FP
      FP XFC
       
      8,000
      10,000
      10,000
      25
       
      NGPL TexOk Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      814
      OI
      OX
      PD XNC
      1,000/7,000
      10,000/
      10,000
      10,000/
      10,000
      25
       
      NGPL TexOk Natural Gas (Platts IFERC) Basis Futures
      625
      PD
      PD XNC
       
      7,000
      10,000
      10,000
      175
       
      NGPL TexOk Natural Gas (Platts IFERC) Basis Option
      625B
      5H
      PD XNC
       
      7,000
      10,000
      10,000
      175
       
      NGPL TexOk Natural Gas (Platts IFERC) Fixed Price Futures
      1014
      XNC
      XNC
       
      7,000
      10,000
      10,000
      25

       

       
      OneOk, Oklahoma Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      439
      C7
      M3
      8X XKC
      100/3,000
      500/2,500
      750/3,500
      25
       
      OneOk, Oklahoma Natural Gas (Platts IFERC) Basis Futures
      430
      8X
      8X XKC
       
      3,000
      2,500
      3,500
      25
       
      OneOk, Oklahoma Natural Gas (Platts IFERC) Fixed Price Futures
      1016
      XKC
      XKC
       
      3,000
      2,500
      3,500
      25
       
      PG&E Citygate Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      792
      IK
      SK
      PC XQ
      2,000/5,000
      10,000/
      10,000
      10,000/
      10,000
      25
       
      PG&E Citygate Natural Gas (Platts IFERC) "Pipe" Option
      624A
      CW
      PC XQ
       
      5,000
      10,000
      10,000
      25
       
      PG&E Citygate Natural Gas (Platts IFERC) Basis Futures
      624
      PC
      PC XQ
       
      5,000
      10,000
      10,000
      175
       
      PG&E Citygate Natural Gas (Platts IFERC) Fixed Price Futures
      1018
      XQ
      XQ
       
      5,000
      10,000
      10,000
      25
       
      Southern Natural Louisiana Natural Gas (Platts IFERC) Fixed Price Futures
      1021
      XSC
      XSC
       
      11,000
      15,000
      15,000
      25
       
      Southern Natural, Louisiana Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      836
      M8
      K8
      SZ XSC
      1,000/11,000
      5,000/15,000
      7,000/
      15,000
      25

       
       
      Southern Natural, Louisiana Natural Gas (Platts IFERC) Basis Futures
      804
      SZ
      SZ XSC
       
      11,000
      15,000
      15,000
      25
       
      Trunkline Louisiana Natural Gas (Platts IFERC) Fixed Price Futures
      1022
      XTC
      XTC
       
      650
      10,000
      10,000
      25
       
      Trunkline, Louisiana Natural Gas (Platts IFERC) Basis Futures
      773
      NU
      NU XTC
       
      650
      10,000
      10,000
      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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