Enron Mail

From: marketing@nymex.com To: marketing@nymex.com Subject: (02-05) Exchange to Waive LOX Surcharges Cc: Bcc: Date: Thu, 3 Jan 2002 12:24:21 -0800 (PST) Notice No. 02-05 January 3, 2002 TO: ALL NYMEX DIVISION MEMBERS ALL NYMEX DIVISION CLEARING MEMBERS ALL NYMEX DIVISION MEMBER FIRMS FROM: J. Robert Collins, Jr., President RE: EXCHANGE TO WAIVE LOX SURCHARGES ________________________________________________________ The executive committee of the New York Mercantile Exchange, Inc., today announced that it would, until further notice, waive the surcharges associated with large order execution (LOX) in natural gas futures. Under the program, introduced on November 30, there was a $2.50 per contract surcharge for receiving a response to a request for a quote on simultaneous execution of a transaction of between 250 and 5,000 contracts, reduced to $1.50 per contract if the trade was executed. This move is being made to stimulate activity in this new instrument, which we are confident will prove useful to both commercial sector participants and major funds.