• Amendments to the Termination of Trading Rules of the Mini Argus Propane (Saudi Aramco) Futures and Argus Propane (Saudi Aramco) Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6967
      • Notice Date
      • 18 December 2013
      • Effective Date
      • 05 January 2014
    • Effective Sunday, January 5, 2014 for trade date Monday, January 6, 2014, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend the Mini Argus Propane (Saudi Aramco) Futures contract (chapter 851, commodity code MAS) to revise the termination of trading rule commencing with the contract month February 2014 and forward.
       
      Also effective at that time, the Exchange will amend the Argus Propane (Saudi Aramco) Futures contract (chapter 589, commodity code: 9N) to include the definition of business day in the termination of trading rule.
       
      The rule amendments are provided below in black-line format.
       
      (bold/underline indicates addition; strikethrough indicates deletion)
       
      Chapter 851
      Mini Argus Propane (Saudi Aramco) Futures
       
      851.06 TERMINATION OF TRADING
      Trading shall terminate on the last business day of the month prior to the contract month. Business days are based on the Singapore Public Holiday calendar.
       
       
       
      Chapter 589
      Argus Propane (Saudi Aramco) Futures
       
      589.06 TERMINATION OF TRADING
      Trading shall terminate on the last business day of the month prior to the contract month. Business days are based on the Singapore Public Holiday calendar.
       
       
       
       
      For additional information, please contact:
      Research and Product Development
      Cameron Liao          KengHui.Liao@cmegroup.com                +65 6593 5588