• Listing of Six (6) New Fixed Price Natural Gas Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6819
      • Notice Date
      • 29 August 2013
      • Effective Date
      • 22 September 2013
    • Effective Sunday, September 22, 2013, for trade date Monday, September 23, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list six (6) new fixed price natural gas futures contracts for trading on CME Globex and the NYMEX trading floor, and for submission for clearing through CME ClearPort.
       
      Also concurrent with the launch of this contract and pending all relevant CFTC regulatory review periods, the Exchange will permit block trading pursuant to Rule 526 (Block Trades) in these contracts at a block trade minimum threshold of twenty-five (25) contracts.
       
      The contract titles commodity codes, rule chapters, and specifications are provided below: 
       
       

      Contract Name
      Texas Eastern Zone M-3 Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      Z5P
      Chapter
      1214
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      Texas Gas Zone 1 Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      ZTA
      Chapter
      1215
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      Tennessee 500 Leg Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      ZNP
      Chapter
      1216
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
           
       
       
       
           
       
       

      Contract Name
      Tennessee 800 Leg Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      ZZ6
      Chapter
      1217
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      Tennessee Zone 0 Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      ZNT
      Chapter
      1218
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      Contract Name
      TETCO STX Natural Gas (Platts IFERC) Fixed Price Futures
      Commodity Code
      ZTS
      Chapter
      1219
      Settlement Type
      Financial
      Contract Size
      2,500 MMBtu (Million British thermal unit) 
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.0001 per MMBtu
      Final Settlement Price Tick
      $0.0001 per MMBtu
      First Listed Month
      November 2013
      Listing Convention
      For CME Globex, monthly contracts shall be listed for 36 consecutive calendar months. CME ClearPort and NYMEX trading floor shall be listed for the current year plus next five (5) years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Trading and Clearing Fees:
       

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      $0.54
      $0.54
      $0.61
      $0.67
       
      Globex
      $0.54
      $0.54
      $0.61
      $0.67
      $0.61
      ClearPort
       
      $0.54
       
      $0.67
       
       
       
       
       
       
       

       

      Other Processing Fees
      Member
      Cash Settlement
      $0.02
      Additional Fees and Surcharges
      EFS Surcharge
      $0.00
      Block Surcharge
      $0.00
      Facilitation Desk Fee
      $0.05

       
       
       
       
       
       
       
       
       
       
       
       
      Please refer questions on this subject to:
      Research and Product Development
      Bob Levin            Robert.Levin@cmegroup.com                        (212) 299-2390 
      Emily Kwak          Emily.Kwak@cmegroup.com                          (212) 299-2394
       
       
      Products and Services
      Todd Schlaht        Todd.Schlaht@cmegroup.com                          (403) 444-5568
       
       

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