• Migration of the Open Interest for and Subsequent Delisting of Certain NYMEX Low Sulphur Gasoil Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7260
      • Notice Date
      • 16 December 2014
      • Effective Date
      • 05 January 2015

    • Effective on trade date Monday, January 5, 2015, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will migrate the open interest of three (3) low sulphur gasoil related futures contracts (commodity codes:  LSU, LSE and LSC) for all contract months beginning with the January 2015 contract month as described below. As such, upon completion of the migration of the open interest of the LSU, LSE and LSC contracts on Monday, January 5, 2015, these three (3) futures contracts will be de-listed.

       

      Contracts scheduled to be  delisted

      Clearing Code and rulebook chapter

      Surviving contracts with migrated open interest from contracts scheduled to be delisted

      Clearing Code and rulebook chapter

      ULSD 10ppm Cargoes CIF NWE vs Low Sulphur Gasoil Futures

      LSU/361

      ULSD 10ppm Cargoes CIF NWE vs Gasoil Futures

      TP/539

      European Diesel 10ppm Barges vs Low Sulphur Gasoil Futures

      LSE/858

      European Diesel 10ppm Barges FOB Rdam vs Gasoil Futures

      ET/718

      Low Sulphur Gasoil Crack Spread (1,000bbl) Financial Future

      LSC/363

      European Gasoil Brent Crack Spread Futures

      GZ/710

       

      It is important to note that there is no economic impact resulting from the migration of open interest of these contracts.

       Please see SER #7248 dated December 15, 2014 regarding related amendments to gasoil-related futures and options contracts.

       

      Enquiries regarding this matter may be directed to:

      Paul Wightman paul.wightman@cmegroup.com               +44 203 379 3134

      Verena Peternell verena.peternell@cmegroup.com       +44 203 379 3723

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