• Large Trader Requirement, Initial Spot-Month Limit, All Month/Single Month Accountability Levels and Reporting Level for the New Aluminum Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7085
      • Notice Date
      • 02 May 2014
      • Effective Date
      • 06 May 2014

    • In connection with the launch of the new COMEX Aluminum Futures contract on trade date Tuesday, May 6, 2014 (see SER-7046R dated April 10, 2014), please note below the corresponding all month/single month accountability levels (NYMEX Rule 560), initial spot month position limit (NYMEX Rule 559), reportable level (NYMEX Rule 561), and spot month aggregation allocation for the new contract.  Effective trade date Tuesday, May 6, 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. 

       

       

      Contract Name

      Rule Chap-ter

      Com-modity Code

      Spot-Month Aggregate Into Futures Equivalent Leg (1)

      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

      Aluminum Futures

      107

      ALI

      ALI

      200

      2,000

      2,000

      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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