• Notification Regarding the Listing of Three New Petroleum Futures Contracts on CME ClearPort® and the NYMEX Trading Floor

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5028
      • Notice Date
      • 16 October 2009
      • Effective Date
      • 16 October 2009

    • Please be advised that the New York Mercantile Exchange Inc. (“NYMEX”) will list three (3) new financially settled petroleum futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The contracts are listed with NYMEX, and are subject to, the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc. 

      The contracts will be listed on the NYMEX trading floor beginning at 9:00 a.m. on Monday, November 02, 2009. The contracts will also be listed on CME ClearPort Clearing beginning at 6:00 p.m. on Sunday, November 1, 2009 for trade date Monday, November 02, 2009.

      The new petroleum contracts, commodity codes and rule chapters are as follows:

      Contracts

      Code

      Rule Chapter

      Crude Oil Last Day Financial Futures

      26

      828

      Heating Oil Last Day Financial Futures

      23

      829

      RBOB Last Day Financial Futures

      27

      830

      These new petroleum contracts will be available during normal trading hours on NYMEX trading floor from 9:00 a.m. until 2:30 p.m. (New York prevailing time).  Clearing is conducted from 6:00 p.m. Sunday until 5:15 p.m. Friday (New York prevailing time).  There is a 45-minute halt in trading each day between 5:15 p.m. (current trade date) and 6:00 p.m. (next trade date).

      The three products will be cash-settled. The first listed month for all products will be the November 2009 contract month.  The crude oil contract will be listed for nine years forward using the following listing schedule: consecutive months are listed for the current year and the next five years; in addition, the June and December contract months are listed beyond the sixth year. Additional contract months will be added on an annual basis after the expiration of the December contract, so that (1) an additional June contract and December contract are added nine years forward, and (2) consecutive contract months in the sixth calendar year are filled in. With regard to the heating oil contract, consecutive contract months will be listed through August 2012.  The RBOB contract will be listed for 36 consecutive contract months.

      The fee schedule for the three new petroleum contracts is as follows:

      The fees for the Crude Oil Last Day Financial Futures, Heating Oil Last Day Financial Futures, and RBOB Last Day Financial Futures contract (codes 26, 23, and 27) are:

      CPC Billing Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35
         

      Blended Floor Rate

      $1.10

      		    

      Should you have any questions, please contact Daniel Brusstar at (212) 299-2604.

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2024 CME Group Inc. All rights reserved.