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Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Tana Jones X-To: John Arnold, Dutch Quigley, John L Nowlan, Phil Clifford, Don Schroeder, John L Wilson, Bill F Briggs, Jim Goughary X-cc: X-bcc: X-Folder: \Tanya_Jones_June2001\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf ----- Forwarded by Tana Jones/HOU/ECT on 05/07/2001 11:16 AM ----- =09exchangeinfo@nymex.com =0905/04/2001 02:30 PM =09=09=20 =09=09 To: tana.jones@enron.com =09=09 cc:=20 =09=09 Subject: (01-150) Amendments to NYMEX End of Week Post-Close Trading= Session=20 Rule Notice # 01-150 May 4, 2001 TO: All NYMEX Members and Member Firms FROM: Neal L. Wolkoff, Executive Vice President RE: Amendments to NYMEX End of Week Post-Close Trading Session Rule DATE: May 4, 2001 =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D Please be advised that beginning on Friday, May 11, 2001, a number of chang= es=20 to the NYMEX End of Week post-close trading session rule that were recently= =20 approved by the Board will become effective. Specifically, beginning on Friday, May 11, 2001 and continuing for subseque= nt=20 Friday post-close sessions (and post-close sessions the day before a mid-we= ek=20 Exchange holiday) the following changes will be in effect: (1) Contract months eligible for trading in these sessions will be expanded= =20 from the first four to the first 12 consecutive listed contract months. (2) The sessions will be 5 minutes in duration. (3) The trading range for these sessions will be expanded by adding the=20 following ticks above (below) the daily high (low) for the applicable contract month (provided that this=20 expanded trading range does not violate the maximum permissible price=20 fluctuation limits then in effect): Crude Oil 20 ticks Heating Oil 50 ticks Unleaded Gas 50 ticks Natural Gas 50 ticks If you have any questions concerning these changes, please contact George= =20 Henderson, Vice President, NYMEX Floor Department, at (212) 299-2071; Rob= =20 Stasi, Manager of Trading Floor Systems, NYMEX Floor Department, at (212)= =20 299-2067, or Brian Regan, Senior Associate General Counsel, at (212) 299-22= 07. AMENDMENTS TO NYMEX RULE 6.57(=01&POST-CLOSE TRADING SESSION=018) AND NYMEX RULE 6.57A (=01&END OF WEEK TRADING SESSION=018) (Asterisks indicate additions; brackets indicate deletions.) Rule 6.57A. END OF WEEK TRADING SESSION On the last trading day of the calendar week, and, in any week when an=20 Exchange holiday falls on a Tuesday, Wednesday or Thursday on the trading d= ay=20 preceding such midweek Exchange holiday, there shall be no post-close tradi= ng=20 session provided on the trading floor pursuant to Rule 6.57. Instead, on= =20 such dates, an end of week trading session (the =01&End of Week Session'') = shall=20 commence on the trading floor pursuant to this rule and subsequent to the= =20 close. Except as otherwise provided by the President or the President=01,s= =20 designee for a particular trade date, such End of Week Session shall commen= ce=20 twenty (20) minutes after the close of trading in all futures contracts and= =20 shall continue for a period of [ten (10)] * five (5) * minutes in all energy and metals futures contracts, subject to the= =20 following conditions: (A) Trading during the End of Week Session shall be limited to the first=20 [four] * twelve * listed delivery months; (B) Trades occurring during the End of Week Session for a particular contra= ct=20 month of a futures contract shall be executed openly and competitively at a= =20 price within the daily trading range of the applicable contract month for= =20 that futures contract * and as further expanded above the daily high and=20 below the daily low only for the contracts listed below provided however th= at=20 no such expanded trading range may exceed the price fluctuation limits in= =20 effect for the applicable contract as of the end of the RTH session: Contract Additional Ticks Crude Oil 20 ticks Natural Gas 50 ticks Unleaded Gasoline 50 ticks Heating Oil 50 ticks * (C) During the End of Week Session, Floor Members, Floor Brokers and their= =20 customers may participate in the same manner as trading occurring during th= e=20 regular RTH session, except that any order submitted during the RTH session= ,=20 including but not limited to resting orders such as stop orders, limit orde= rs=20 and good until cancelled (GTC) orders, will be deemed to have expired as of= =20 the end of RTH for purposes of this End of Week Session. Accordingly, in t= he=20 event that a market participant with such an expired order seeks to=20 participate in the End of Week Session, a new order must be submitted. (D) Prices for trades executed during the End of Week Session shall be=20 reported on public ticker services; (E) Current market prices and trades executed during the End of Week Sessio= n=20 shall not be considered in determining any settlement price; and (F) Floor Members executing trades during the End of Week Session shall mar= k=20 a line across their trading cards prior to the entry of an End of Week=20 Session trade. __________________________________________________ Please click on the link below to indicate you have received this email. " http://208.206.41.61/email/email_log.cfm?useremail=3Dtana.jones@enron.com&r= efdoc =3D(01-150)" Note: If you click on the above line and nothing happens, please copy the text between the quotes, open your internet browser, paste it into the web site address and press Return.
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