• Listing of Ten (10) New Natural Gas Contracts for Trading on CME Globex and the NYMEX Trading Floor and for Clearing through CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6871
      • Notice Date
      • 15 October 2013
      • Effective Date
      • 15 October 2013
    • Please note: SER-6871 has been superseded by SER-6871R published on October 22, 2013.
       
      The New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list ten (10) new natural gas contracts for trading on CME Globex and the NYMEX trading floor and for clearing through CME ClearPort.  
       
      Due to the suspension of the Commodity Futures Trading Commission (CFTC) regulatory review period as a result of the U.S. government shutdown, NYMEX is unable to provide an effective date for listing the new contracts. The effective date will be determined and announced once the CFTC regulatory review activity resumes.
       
      Also concurrent with the launch of these contracts 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
      Kern River Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DFE
      Chapter
      1023
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       
       

      Contract Name
      Center Point Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DAC
      Chapter
      1024
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       
       

      Contract Name
      Malin Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DML
      Chapter
      1025
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       

      Contract Name
      Columbia Gulf, Mainline Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DCE
      Chapter
      1026
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       
       

      Contract Name
      NGPL STX Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DNS
      Chapter
      1027
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       
       

      Contract Name
      Demarc Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DNP
      Chapter
      1028
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       

      Contract Name
      Sumas Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DVS
      Chapter
      1029
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       
       

      Contract Name
      Ventura Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DVA
      Chapter
      1030
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       
       
       

      Contract Name
      ANR, Louisiana Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DAR
      Chapter
      1031
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       
       

      Contract Name
      ANR, Oklahoma Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      DAL
      Chapter
      1032
      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 (dependent upon the CFTC’s resumption of
      regulatory review activity)
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus next five (5) years.

       
       
      Trading Hours:
      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
      Facilitation Desk Fee
      $0.05

       
       
       
       
       
       
       
      Please refer questions on this subject to:
      Research and Product Development

      Adila Mchich              Adila.Mchich@cmegroup.com                                (212) 290-2270

      Emily Kwak              Emily.Kwak@cmegroup.com                                  (212) 290-2394
       
      Products and Services
      Todd Schlaht           Todd.Schlaht@cmegroup.com                                 (403) 444-5568

       

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