• Listing of 15 Existing NYMEX Freight Futures and Option Contracts on the CME Globex Trading Platform and Related Fee Amendments

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6738R
      • Notice Date
      • 05 July 2013
      • Effective Date
      • 28 July 2013
    • This SER supersedes SER #6738 dated July 3, 2013 and provides corrections to the effective date the contracts will be available to trade on CME Globex.
       
      Effective Sunday, July 28, 2013, for trade date Monday, July 29, 2013 and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list 15 existing freight futures and option contracts for trading on CME Globex. These contracts will continue to be available for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort.
       
      The listing schedule on CME Globex for these contracts is the nearest calendar month.
       
      The CME Globex trading hours are: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
       
      The contracts, respective clearing codes, CME Globex codes, rule chapters and CME Globex listing schedules are as follows:
       
       
       

      Product Name
      Commodity Clearing Code
      CME Globex Code
      NYMEX Rulebook
      Chapter Number
      Freight Route TC2 (Baltic) Futures
      TM
      TM
      683
      Freight Route TC4 (Platts) Futures
      TJ
      TJ
      681
      Freight Route TC5 (Platts) Futures
      TH
      TH
      682
      Freight Route TC6 (Baltic) Futures
      TC6
      TC6
      1053
      Freight Route TC12 (Baltic) Futures
      FRS
      FRS
      522
      Freight Route TD3 (Baltic) Futures
      TL
      TL
      684
      Freight Route TD5 (Baltic) Futures
      TI
      TI
      685
      Freight Route TD7 (Baltic) Futures
      TK
      TK
      686
      Freight Route TC2 (Baltic) Average Price Option
      TCW
      TCW
      947
      Freight Route TC5 (Platts) Average Price Option
      TCF
      TCI
      948
      Freight Route TD3 (Baltic) Average Price Option
      TDT
      TDT
      949
      Capesize Timecharter Average (Baltic) Futures
      CFU
      CFI
      944
      Panamax Timecharter Average (Baltic) Futures
      PFU
      PFI
      945
      Supramax Timecharter Average (Baltic) Futures
      SFT
      SFT
      946
      Handysize Timecharter Average (Baltic) Futures
      HFT
      HFT
      943

       
       
      The fee schedule as it applies to CME Globex transactions is set out below. Also described below and effective for trade date Monday, July 29, 2013, the Exchange will amend fees that apply to NYMEX trading floor and CME ClearPort transactions for certain of these freight contracts.
       
       
      For contracts with Clearing Code TM, TJ, TH, TC6, FRS, TL, TI, TK, TCW, TCF, and TDT:

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $2.60
      $2.90
      $3.25
      Globex
      n/a
      $2.60
      $2.90
      $3.25
      $2.90
      ClearPort
      $2.60
      $3.25
      Other Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      $0.50
      $0.50
       

       
       
       
      For contract with Clearing Code CFU:

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $4.80
      $5.40
      $6.00
      Globex
      n/a
      $4.80
      $5.40
      $6.00
      $5.40
      ClearPort
      $4.80
      $6.00
      Other Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      $0.50
      $0.50
       

       
       
       
      For contracts with Clearing Code PFU and SFT:

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Globex
      n/a
      $4.80
      $5.40
      $6.00
      $5.40
      Other Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      $0.50
      $0.50

       
      For contract with Clearing Code HFT:

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Globex
      n/a
      $3.20
      $3.60
      $4.00
      $3.60
      Other Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      $0.50
      $0.50
       

       
       
       
       
      For additional information, please contact Research & Product Development:
       
      Richard Stevens Richard.Stevens@cmegroup.com +44 20 3379 3790