• Listing of Three (3) New Petroleum Futures 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-6880R
      • Notice Date
      • 12 November 2013
      • Effective Date
      • 17 November 2013
    • This SER supersedes SER #6880 dated October 28, 2013 to update the fee schedule.
       
      Effective Sunday, November 17, 2013, for trade date Monday, November 18, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following three (3) new petroleum futures contracts for trading on CME Globex, the NYMEX trading floor, and for submission for clearing through CME ClearPort.
       
      1. Mini Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures
      2. Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures
      3. Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) Futures
       
      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 five (5) contracts.
       
       
      The contract title, commodity code, rule chapter, and specification are provided below:
       
       

      Contract Name
      Mini Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures
      Commodity Code
      MEB
      Chapter
      1239
      Settlement Type
      Financial
      Contract Size
      The contract quantity shall be 100 metric tons. Each contract shall be valued as the contract quantity (100) multiplied by the settlement price.
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.001 per metric ton
      Final Settlement Price Tick
      $0.001 per metric ton
      First Listed Month
      December 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 12 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus the next 4 consecutive calendar 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).

       
       
       

      Contract Name
      Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures
      Commodity Code
      MXR
      Chapter
      1242
      Settlement Type
      Financial
      Contract Size
      The contract quantity shall be 35,000 gallons (equivalent to 100 metric tons). Each contract shall be valued as the contract quantity multiplied by the settlement price.
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.0001 per gallon
      Final Settlement Price Tick
      $0.0001 per gallon
      First Listed Month
      December 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 12 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus the next 4 consecutive calendar 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).

       
       
       
       

      Contract Name
      Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) Futures
      Commodity Code
      MXB
      Chapter
      1243
      Settlement Type
      Financial
      Contract Size
      The contract quantity shall be 35,000 gallons (equivalent to 100 metric tons). Each contract shall be valued as the contract quantity multiplied by the settlement price.
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.0001 per gallon
      Final Settlement Price Tick
      $0.001 per gallon
      First Listed Month
      December 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 12 consecutive calendar months. CME ClearPort and NYMEX PIT shall be listed for the current year plus the next 4 consecutive calendar 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).

       
       
       
      Fee Schedule:
       
      Mini Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures
      Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) Futures
      Mini RBOB Gasoline vs. Gasoline Euro-bob Oxy NWE Barges (Argus) BALMO Futures
       

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      $0.80
      $0.80
      $0.90
      $1.00
       
      Globex
      $0.80
      $0.80
      $0.90
      $1.00
      $0.90
      ClearPort
       
      $0.80
       
      $1.00
       
      Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      $0.10
      $0.10
       
       
       
       
       
      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
       
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.10
       
       

       
      For additional information, please contact:
       
      Paul Wightman, Director R&PD         Paul.Wightman@cmegroup.com       +44 20 3379 3134
      Verena Peternell, Director, Energy    Verena.Peternell@cmegroup.com     +44 20 3379 3723
       

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