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Large Trader Requirements, Spot-Month Aggregation Allocations, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, and Reporting Levels for the New Gold, Silver and Copper Weekly Option Contracts
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- To
- Members, Member Firms and Market Users
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- From
- Market Regulation Department
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- SER-7073
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- Notice Date
- 11 April 2014
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- Effective Date
- 14 April 2014
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In connection with the launch of the new Gold, Silver and Copper Weekly Option contracts on trade date April 14, 2014, (see SER-7040R dated March 20, 2014), please note below the corresponding spot-month aggregation allocations, all month/single month accountability levels (NYMEX Rule 560), initial spot month position limits (NYMEX Rule 559), and reportable levels (NYMEX Rule 561) for the new contracts. Effective trade date April 14, 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.
Contract Name
Rule Chap-ter
Com-modity Code
Spot-Month Aggre-gate Into Futures Equiva-lent Leg (1)
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
Gold Weekly Option – week 1
1008
OG1
GC
3,000
6,000
6,000
200
Gold Weekly Option – week 2
1008
OG2
GC
3,000
6,000
6,000
200
Gold Weekly Option – week 3
1008
OG3
GC
3,000
6,000
6,000
200
Gold Weekly Option – week 4
1008
OG4
GC
3,000
6,000
6,000
200
Gold Weekly Option – week 5
1008
OG5
GC
3,000
6,000
6,000
200
Silver Weekly Option – week 1
1010
SO1
SI
1,500
6,000
6,000
150
Silver Weekly Option – week 2
1010
SO2
SI
1,500
6,000
6,000
150
Silver Weekly Option – week 3
1010
SO3
SI
1,500
6,000
6,000
150
Silver Weekly Option – week 4
1010
SO4
SI
1,500
6,000
6,000
150
Silver Weekly Option – week 5
1010
SO5
SI
1,500
6,000
6,000
150
Copper Weekly Option – week 1
1009
H1E
HG
200
5,000
5,000
25
Copper Weekly Option – week 2
1009
H2E
HG
200
5,000
5,000
25
Copper Weekly Option – week 3
1009
H3E
HG
200
5,000
5,000
25
Copper Weekly Option – week 4
1009
H4E
HG
200
5,000
5,000
25
Copper Weekly Option – week 5
1009
H5E
HG
200
5,000
5,000
25
Please refer questions on this subject to:
Market Regulation
Surveillance: Ryne Toscano Ryne.Toscano@cmegroup.com (212) 299-2879
Products: Nadine Brown Nadine.Brown@cmegroup.com (212) 299-2223
Large Trader
Reporting: Sandra Valtierra Sandra.Valtierra@cmegroup.com (312) 347-4137
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