• Reduction in the Minimum Price Fluctuation for Two (2) Natural Gas Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6847RR
      • Notice Date
      • 10 October 2013
      • Effective Date
      • 20 October 2013
    • SER #6847RRR dated October 15, 2013 supersedes this SER, to reflect the amended contract language in the affected rulebook chapters.
      This SER supersedes SER #6847R dated September 26, 2013 to remove NN, HH, and related TAS products from the scheduled modifications.
      Effective Sunday, October 20, 2013 for trade date Monday, October 21, 2013, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will reduce the minimum price fluctuation for two (2) natural gas futures contracts from $0.001 per million British thermal units (MMBtu) to $0.0001 per MMBtu. These contracts are offered for trading on CME Globex and the NYMEX trading floor, and for submission for clearing through CME ClearPort.
      The contract titles, commodity codes, rule chapters, and current/new minimum price fluctuations are provided below.
      Contract Name
      Rule Chapter
      Current Minimum Price Fluctuation
      ($ per MMBtu)
      New Minimum Price Fluctuation
      ($ per MMBtu)
      Henry Hub Natural Gas Penultimate Financial Futures
      Henry Hub Natural Gas Look-Alike Penultimate Financial Futures
      The Commodity Futures Trading Commission (CFTC) will be notified of the reduction of the minimum price fluctuation limits during the week of October 28, 2013, via the weekly notification procedures set forth in Part 40 of the CFTC Regulations.
      Please refer questions on this subject to:
      Research and Product Development
      Greg Price                                             Gregory.Price@cmegroup.com                                       (212) 299-2625
      Products and Services
      Todd Schlaht                                        Todd.Schlaht@cmegroup.com                                        (403) 444-5568