Listing of Five (5) New Petroleum Futures on NYMEX Trading Floor and CME ClearPort

Effective Sunday, January 23, 2011, for trade date Monday, January 24, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following five petroleum futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The futures contracts will be financially settled. The contracts are listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc. 

The contract titles, commodity codes, rule chapters, first listed month and listing periods are provided in the table below.

The Exchange will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort.  EFRP transactions in these futures contracts will be governed by the provisions of Exchange Rule 538.

CONTRACT SPECIFICATIONS

·         First Listed Month: February 2011

·         Contract Size:        GFL, GRB, GFS, GRS = 1,000 Metric Tons

                              GRC = 7,450 Barrels

·         Termination of Trading: Trading shall cease on the last business day of the contract month.

·         Minimum Price Intervals and Value per Tick:

GFL, GRB, GFS, GRS:  Minimum price tick = $0.001   Value per tick = $1.00 (per metric ton)

GRC:   Minimum price tick = $0.001   Value per tick = $7.45 (per barrel)

·         Final Settlement Price: Settlement tick = $0.001

·         Trading and Clearing Hours:

CME ClearPort:       Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

Open Outcry:          Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT).

·         Fees:

For more information please contact Daniel Brusstar at 212-299-2604.