• WITHDRAWAL OF REGULARITY & TERMINATION OF FORCE MAJEURE FOR GOLD, PLATINUM AND PALLADIUM

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7067
      • Notice Date
      • 09 April 2014
      • Effective Date
      • 09 April 2014
    • On March 31, 2014, the New York Mercantile Exchange, Inc. ("NYMEX") and Commodity Exchange, Inc. ("COMEX" and collectively, the "Exchanges") announced under MKR01-31-14 that the Exchanges approved the application of Manfra Tordella & Brookes, Inc. ("MTB") for regularity in gold, platinum and palladium at their new location in New York, NY.

       
      As such, MTB withdrew from the Exchanges its declaration for regularity for gold, platinum, and palladium for its former location also in New York, NY.  This withdrawal is effective immediately.


      In addition, the Exchanges have terminated the condition of Force Majeure that was declared pursuant to NYMEX & COMEX Rule 701 ("Declarations of Force Majeure") on November 26, 2012, concerning MTB’s gold, platinum and palladium regular facility which was withdrawn as noted above.  In connection with the termination of the condition of Force Majeure, holders of MTB Warrants may no longer elect to take load out at the Brinks, Inc., New York facility.


      The Commodity Futures Trading Commission (CFTC) will be notified of this withdrawal and termination of Force Majeure during the week of April 14, 2014 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.


      Please refer questions on this subject to:


      Market Surveillance


      Terry Gehring                Terry.Gehring@cmegroup.com            (312) 435-3644