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Reduction of Price Increment of Four (4) European Union Allowance (EUA) Contracts
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- To
- Members, Member Firms and Market Users
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- From
- Research and Product Development
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- #
- SER-7356
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- Notice Date
- 12 May 2015
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- Effective Date
- 31 May 2015
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Effective Sunday, May 31, 2015, for trade date Monday, June 1, 2015, New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) will amend the minimum price increment for the following contracts:
Contract Title
NYMEX Rulebook chapter
Product Code CME Globex
Product Code Floor/ open-outcry
Product Code CME ClearPort
In Delivery Month European Union Allowance (EUA) Futures
1250
EAF
EAF
6T
In Delivery Month European Union Allowance (EUA) Optoin
1251
EAX
EAX
6U
In Delivery Month European Union Allowance (EUA) Serial Option
1252
9G
9G
9G
Daily European Union Allowance (EUA) Futures
1260
EUL
EUL
EUL
The minimum price increment is changing from €0.01 per EUA to €0.0025 per EUA. These products are listed for trading on the NYMEX trading floor, CME Globex, and for submission for clearing through CME ClearPort.
Appendix A provides NYMEX rulebook chapter amendments in blackline format.
The Commodity Futures Trading Commission (CFTC) will be notified of these amendments during the week of June 8, 2015 via the weekly notification procedures set forth in Part 40 of the CFTC Regulations.
For additional information, please contact:
Henrik Hasselknippe henrik.hasselknippe@cmegroup.com +44 20 3379 3735
Gregor Spil gregor.spilker@cmegroup.com +44 20 3379 3375
Please click here for complete SER-7356.
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