Amendments to the Product Titles and Floating Price Rules for Two (2) Group Three Unleaded Gasoline (Platts) Futures Contracts

Effective starting with the January 2014 contract month and beyond, and pending all CFTC review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend the product titles and the floating price rules  for the Group Three Unleaded Gasoline (Platts) Futures (commodity code A9) and the Group Three Unleaded Gasoline (Platts) vs. RBOB Futures (commodity code A8). The Exchange is implementing these amendments as a result of the phase-out of the existing grade of unleaded gasoline, which is being replaced by a similar gasoline grade, called “sub-octane” gasoline that specifies the addition of a 10% blend of ethanol.

These rule amendments will become effective on trade date January 31, 2014 beginning with the January 2014 contract month. The proposed rule amendments are outlined below.

(bold/underline indicates addition; strikethrough indicates deletion)

Chapter 322

Group Three Unleaded Sub-octane Gasoline (Platts) Futures

322.02  FLOATING PRICE

The Floating Price for each contract month is equal to the arithmetic average of the Platts Group

Three Sub-octane Unleaded gasoline mean for each business day that the Floating Price is determined during the contract month.

Chapter 323

Group Three Unleaded Sub-octane Gasoline (Platts) vs. RBOB Gasoline Futures

323.02  FLOATING PRICE

The Floating Price for each contract month is equal to the arithmetic average of Platts Group Three Sub-octane Unleaded Gasoline mean minus the NYMEX RBOB Gasoline Futures first nearby contract month settlement price for each business day that both prices are determined during the contract month. For purposes of determining the Floating Price, the Platts Group Three Sub-octane Unleaded Gasoline mean will be rounded each day to the nearest thousandth of a cent.

Please refer questions on this subject to:

Daniel Brusstar, daniel.brusstar@cmegroup.com, (212) 299-2604