• Delayed- Expansion of Contract Month Listing Schedule for the Two-Month and Three-Month Spread on the Existing Natural Gas Calendar Spread Option Contract on CME ClearPort and the NYMEX Trading Floor

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6848R
      • Notice Date
      • 09 October 2013
      • Effective Date
      • 09 October 2013
    • SER-6848RR dated October 28, 2013 supersedes this SER.
       
      This SER supersedes SER#6848 dated October 3, 2013 to delay the effective date.
       
      Due to the suspension of the CFTC regulatory review period, a result of the U.S. government shutdown, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) is delaying expansion of contract month listing schedule for the two-month and three-month spread on the existing natural gas calendar spread option contract on CME ClearPort and the NYMEX trading floor.
       
      A revised implementation date for these changes will be determined once CFTC regulatory review activities are resumed.
       
      When the modification are made, the Exchange will expand its contract month listing rule for the two-month and three-month spread for the existing natural gas calendar spread option contracts listed for trading on the NYMEX trading floor and for clearing through CME ClearPort.
       
      These contracts will continue to be available for trading on CME Globex with an unchanged listing schedule of one (1) month.
       
      The chapter numbers, commodity codes, and expanded listing schedules are provided below.
       

      Contract Title
      Rule Chapter
      Clearing/Floor Code
      Current CME ClearPort/Trading Floor Listing Schedule
      New CME ClearPort/Floor Listing Schedule
      Henry Hub Natural Gas Financial Calendar Spread (2 month) Option
      399
      G2
      Options on two month calendar spread are available for the next twelve expirations.
      Options on two month calendar spread are available for the next twelve expirations. In addition, a second Jan/Mar contract will be listed in the following year on a rolling basis.
      Henry Hub Natural Gas Financial Calendar Spread (3 month) Option
      399
      G3
      Options on three month calendar spread are available for the next twelve expirations.
      Options on three month calendar spread are available for the next twelve expirations. In addition, a second Jan/Apr and Oct/Jan contract will be listed in the following year on a rolling basis.

       
       
      For additional information, please contact:
       
       
      Research & Product Development:
       
      Bob Biolsi                Bob.Biolsi@cmegroup.com                                +212 299 2610             
       
       
       
      Products & Services:
       
      Jeff White               Jeff.White@cmegroup.com                               +212 299 2325 
       

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