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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: SOblander@carrfut.com X-To: soblander@carrfut.com X-cc: X-bcc: X-Folder: \Peter_Keavey_Jun2001\Notes Folders\All documents X-Origin: Keavey-P X-FileName: pkeavey.nsf Notice # 01-162 May 11, 2001 TO: All NYMEX Division Members and Member Firms FROM: Neal L. Wolkoff, Executive Vice President RE: Reminder and Clarification on NYMEX Division Post-Close Trading Sessions DATE: May 11, 2001 =========================================================== Reminder Changes will be going into effect today, Friday, May 11, 2001 for the End of Week post-close trading sessions and also, beginning on Monday, May 14, 2001, for the Monday-Thursday post-close trading sessions. The trading range for all of these sessions will be expanded by adding the following ticks above (below) the daily high (low) for the applicable contract month (provided that this expanded trading range does not violate the maximum permissible price fluctuation limits then in effect): Crude Oil 20 ticks Heating Oil 50 ticks Unleaded Gas 50 ticks Natural Gas 50 ticks Clarification Previously, the trading range for the Monday-Thursday sessions was the closing range for the applicable contract month. Exchange staff interpreted the rule to provide that if a contract month did not trade during the close, there would be no closing range and thus it would not be permissible to trade that contract month during the post-close. Now, as noted above, the post-close session trading range on any day of the week will be an expanded version of the daily range. Therefore, the Exchange is issuing the following clarifications as to the contract months that can be traded during a post-close session (on any day of the week): 1. Only the first twelve listed contract months are eligible for trading in the post-close. 2. If a particular contract month does not trade during the RTH session, it may not be traded during the post-close. 3. It is not necessary for a contract month to trade during the close in order to be traded in the post-close as long as it has traded during the RTH session. If you have any questions concerning these changes, please contact George Henderson, Vice President, NYMEX Floor Department, at (212) 299-2071; Rob Stasi, Manager of Trading Floor Systems, NYMEX Floor Department, at (212) 299-2067, or Brian Regan, Senior Associate General Counsel, at (212) 299-2207. Carr Futures 150 S. Wacker Dr., Suite 1500 Chicago, IL 60606 USA Tel: 312-368-6149 Fax: 312-368-2281 soblander@carrfut.com http://www.carrfut.com
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