• Large Trader Requirement, Initial Spot-Month Limit, All Month/Single Month Accountability Levels, Reporting Level, and Spot Month Aggregation Allocation for the New Henry Hub Combo Futures Contract, and Amendments to the Spot-Month Position Limit of Five (5) Existing Related Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6990
      • Notice Date
      • 09 January 2014
      • Effective Date
      • 13 January 2014
    • In connection with the launch of the new Henry Hub Combo futures contract on trade date January 13, 2014 (see SER-6947 dated December 10, 2013), please note below the corresponding all month/single month accountability levels (NYMEX Rule 560), initial spot month position limit (NYMEX Rule 559), reportable level (NYMEXRule 561), and spot month aggregation allocation for the new contract. Effective trade date January 13, 2014, and pending all relevant CFTC regulatory review periods, the terms and conditions for this contract 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 code is provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format. 
        
      Additional amendments were made to the spot-month position limit of five (5) existing related natural gas futures contracts that were affected by the launch of the new contracts.  
       
       
      (Bold/underline 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)
       
       
       
       
       
      Daily Account-ability Level (For Daily Contract)
      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
      Henry Hub Combo Futures
      818
      HBI
      SN
       
       
      8,000
      10,000
      10,000
      25

       
       


      Henry Hub Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      702
      IN
      SN
      HHS
       
       
       
       
      3
      2,000/ 2,000 8,000/
      8,000
      10,000/ 10,000
      10,000
      25
      Henry Hub Natural Gas (Platts Gas Daily) Swing Futures
      752
      SN
      SN
       
       
      2,000 8,000
      10,000
      10,000
      25
       
      Henry Hub Natural Gas (Platts IFERC) Basis Futures
      509
      HB
      HHS
       
       
      2,000/
      8,000
      10,000
      10,000
      175
      Henry Hub Natural Gas (Platts IFERC) Fixed Price Futures
      1279
      HHS
      HHS
       
       
      2,000/
      8,000
      10,000
      10,000
      25
      Henry Hub Natural Gas (Platts IFERC) Basis Option
      509B
      5E
      HHS
       
       
      2,000/
      8,000
      10,000
      10,000
      175

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      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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