(This SER supersedes SER 7376 dated June 1, 2015 to reflect revised language in COMEX Rule 589 (Special Price Fluctuations) for the Copper Financial Futures contract.)
Effective Monday, June 22, 2015 for trade date Tuesday, June 23, 2015, and pending all relevant regulatory review periods, Commodity Exchange, Inc. (“COMEX” or “Exchange”) will list the existing Copper Financial Futures contract on the CME Globex trading platform.
This contract will also continue to be available for clearing through CME ClearPort with an unchanged listing schedule.
The CME Globex trading hours for these contracts will be: 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).
Contract Title |
Rule Chapter |
Clearing Code |
CME Globex Code |
CME Globex Listing Schedule |
Copper Financial Futures |
1190 |
HGS |
HGS |
23 consecutive months |
Also at this time, the Exchange will amend COMEX Rule 589 (Special Price Limit Fluctuation) to include the Copper Financial Futures contract.
The affected metals contracts which are subject to COMEX Rule 589 are as follows:
Metals Product |
COMEX Rulebook Chapter |
Commodity Code |
Primary or Associated Contract |
Copper Financial Futures |
1190 |
HGS |
Associated |
Appendix A: NYMEX Rule 588.H. (blackline format)
Appendix B: Special Price Fluctuations Limits Table COMEX Rule 589 (blackline format)
Appendix C: Exchange Fees
Questions regarding this notice may be directed to:
Elizabeth Hui +1 212 299 2623 Elizabeth.Hui @cmegroup.com
Joann Arena +1 212 299 2356 Joann.Arena @cmegroup.com
Appendix A
NYMEX Rule 588.H. - Non-Reviewable Range Table
(additions are underscored)
Instrument |
Non-Reviewable Range (NRR) in Globex format |
NRR including Unit of Measure |
NRR Ticks |
Copper Financial Futures |
400 |
$.04 per pound |
400 |
Appendix B
Amendments to the Special Price Fluctuation Limits Table in
COMEX Rule 589
(additions are underscored)
Instrument |
Rulebook Chapter |
Commodity Code |
Primary/ Associated |
Associated With |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
Copper Financial Futures |
1190 |
HGS |
Associated |
HG |
4000 |
8000 |
12000 |
16000 |
No Limit |
Appendix C
FEE SCHEDULE
Contract Title |
Code |
Copper Financial Futures |
HGS |
CME Globex |
|
Member Day Rate |
0.95 |
Member Overnight Rate |
0.95 |
Cross Division Rate |
1.45 |
Non-Member Rate |
1.95 |
International Incentive Program (IIP) |
1.45 |