• Listing of Five (5) New Transco Fixed Price Natural Gas Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6818
      • Notice Date
      • 29 August 2013
      • Effective Date
      • 23 September 2013
    •  
      Effective Sunday, September 22, 2013, for trade date Monday, September 23, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list five (5) new Transco fixed price natural gas futures contracts for trading on CME Globex and the NYMEX trading floor, and for submission for clearing through CME ClearPort.
       
      Also concurrent with the launch of this contract and pending all relevant CFTC regulatory review periods, the Exchange will permit block trading pursuant to Rule 526 (Block Trades) in these  contracts at a block trade minimum threshold of twenty-five (25) contracts.
       
      The contract titles commodity codes, rule chapters, and specifications are provided below: 
       
                 
      Contract Name
      Transco Zone 1 Natural Gas (Platts IFERC) Fixed Price  Futures
      Commodity Code
      XZ1
      Chapter
      1289
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Contract Name
      Transco Zone 3 Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XZ3
      Chapter
      1291
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Contract Name
      Transco Zone 4 Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XZ4
      Chapter
      1292
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Contract Name
      Transco Zone 6 Non-N.Y. Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XZ6
      Chapter
      1294
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Contract Name
      Transco Zone 6 Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      XZ
      Chapter
      1296
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor  shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Trading and Clearing Fees:
       
      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      $0.54
      $0.54
      $0.61
      $0.67
       
      Globex
      $0.54
      $0.54
      $0.61
      $0.67
      $0.61
      ClearPort
       
      $0.54
       
      $0.67
       
       
       
       
       
       
       
       
      Other Processing Fees
      Member
      Cash Settlement
      $0.02
      Additional Fees and Surcharges
      EFS Surcharge
      $0.00
      Block Surcharge
      $0.00
      Facilitation Desk Fee
      $0.05
       
       
       
       
       
       
       
       
       
       
       
       
      Please refer questions on this subject to:
      Research and Product Development
      Bob Levin            Robert.Levin@cmegroup.com                       (212) 299-2390 
      Emily Kwak         Emily.Kwak@cmegroup.com                       (212) 299-2394
       
       
      Products and Services
      Todd Schlaht        Todd.Schlaht@cmegroup.com                      (403) 444-5568