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Industry Filings

  • November 2003 Filings by Designated Contract Markets (DCMs)

    Date of Letter

    Date Filed

    DCM

    Description

    11/26/2003

    11/26/2003

    CME

    Rule 403A01.E.,
    Exercise Prices, Increase only the December New York LaGuardia Airport (WBAN 14732) option strike range from 100 points to 150

    11/25/2003

    11/26/2003

    NYMEX

    Rule Numbers – COMEX Rule 15.03(c) and NYMEX Rule 300.20
    Listing of additional strike prices for the Gold, Crude Oil and Natural Gas Option Contracts

    11/25/2003

    11/26/2003

    NYMEX

    COMEX Rule 12.11,
    "Weighing of Silver Bars Bearing Approved Brands" of the Silver Futures Contract, The amendment requires that Licensed Weighmasters weighing silver bars for delivery against the Silver Futures contract inscribe its identification stamp on the silver bar. Silver bars placed in tenderable condition prior to the effective date, December 1, 2003, with a separate bar number incised thereon will continue to be acceptable for delivery

    11/25/2003

    11/26/2003

    BTEX

    Rule 202(a)(v) and ByLaw Sections 3.4(d)(ii), 3.4(e)(I), 3.20(d), 3.20(f)(I) and 3.20(f)(ii),
    BTEX Bulletin #03-19 - Announces elimination of the B Share ownership requirement as a condition of membership; the elimination of certain restrictions on B Share ownership; the redemption of all B shares held by a Shareholder who holds only one B Share; and the acceleration of the date upon which additional B Shares will be allocated to Nov. 26, 2003, the date of suspension of trading ops.

    11/25/2003

    11/26/2003

    BTEX

    Rule Numbers 302, 303, 304, and 411,
    BTEX Bulletin #03-20 - Announces that, upon the suspension of trading operations at the close of business on November 26, 2003, any outstanding positions will be liquidated by settlement at a settlement price determined by the President of the Exchange, notwithstanding anything to the contrary in BTEX ByLaws or Rules

    11/21/2003

     

    CBOT

    Rule Numbers – 431.02(3)
    Allow letters of credit to be used for margin collateral purposes

    11/21/2003

     

    CBOT

    Rule Numbers – 230.00, 450.02D
    Designation of affiliates for Exchange transaction fee purposes

    11/21/2003

     

    CME

    Cross Margining Program – Fixed Income Clearing Corporation

    11/20/2003

    11/20/2003

    CBOT

    Amendments to CBOT Trading Delay/Suspension Procedures

    11/20/2003

    11/20/2003

    CBOT

    Rule Numbers – 230.02, 450.02F
    Reinstate and redefine the e-cbot member firm registration category

    11/20/2003

    11/20/2003

    CBOT

    Rule Numbers – 159.00, 201.00, 201.01, 201.01A, 333.02
    Streamline the membership application and Primary Clearing Member designation processes

    11/19/2003

    11/19/2003

    CBOT

    Rule Numbers – 331.03
    Expand eligibility for All-or-None transactions to include all CBOT Treasury options.

    11/19/2003

    11/19/2003

    CBOT

    Rule Numbers – 2309.01
    Standardize the last trading day for expiring 2-Year Treasury Note futures as the last business day of the delivery month.

    11/19/2003

    11/19/2003

    CME

    Cross-Margining Program

    11/19/2003

    11/19/2003

    CME

    Rule Numbers – 821 and 825
    CME is accepting new types of collateral under its IEF®4 program.

    11/14/2003

    11/14/2003

    PBOT

    Rule 334A.
    New Rule 334A, Low Liquidity Markets, expands the permissible scope of a Board Broker’s trading in low volume contracts and removes certain requirements associated with the appointment of a Board Broker in such contracts.

    11/14/2003

    11/14/2003

    PBOT

    Rule 1207(c).
    Amendment to Rule 1207(c) to provide that final settlement time shall be as of the close of trading on the last day of the expiration month for that contract.

    11/14/2003

    11/14/2003

    PBOT

    Fee Schedule amendments waiving certain transaction charges, floor brokerage assessments, and charges with respect to exchanges of futures for physical trades through December 31, 2003.

    11/14/2003

    11/14/2003

    PBOT

    Rules 501 and 502.
    New Rules 501 and 502 replace existing PBOT Rules 501 – 532 and provide for NFA’s provision of an arbitration forum for disputes involving PBOT customers, members or member organizations and related parties.

    11/14/2003

    11/14/2003

    NYMEX

    Supplement No. 1, “Official List of Approved Refiners and Brands” of the Silver Futures Contract.
    The amendment changes the brand insignia or hallmark that Johnson Matthey, Limited incises on the silver bars produced at the Brampton, Ontario, Canada refinery. The amendment also marks the former brand with an asterisk to indicate that it is no longer produced. The former brand will continue to remain acceptable for delivery against the Silver Futures Contract.

    11/14/2003

    11/14/2003

    NYMEX

    Amendments to Supplement No. 1, “Official List of Approved Refiners and Brands,” of both the Silver and Gold Futures Contracts.
    The amendments (1) change the name of the Approved Refiner of the silver and gold brands from Metalor USA Refining Corp to Metalor Technologies USA Corp, (2) change the brand insignia from METALUX PRECIEUX SA METALOR MP (with “MUS” assay mark) to METALOR (with the “MUS” assay mark) and (3) mark the former brand with an asterisk to indicate that it is no longer produced.

    11/12/2003

    11/13/2003

    BTEX

    Rules 302, 303, 304, 403, As described in the attached Bulleting #03-17, the Board has taken the following actions, the effect of which is to suspend trading operations as of November 26, 2003:
    1. Delisted all contracts having delivery months after December 2003.
    2. Advanced the Last Trading Day for the December 2003 contracts to November 26, 2003.
    3. Limited trading in all contracts to liquidation of existing positions.

    11/12/2003

    11/12/2003

    CBOT

    Rule Numbers – 333.00(b), 285.09, 423.04, 465.01, 600.01, 906.06, 949.01, 949.02, 949.03, 1008.01D
    Conforming changes which reflect the transition to the new electronic trading platform

    11/12/2003

    11/12/2003

    CBOT

    Rule Numbers – 431.02, 431.03, 431.03A, 431.05 and 431.06
    Update and simplify the CBOT’s rulebook format for specifying minimum margin requirements

    11/12/2003

    11/12/2003

    NYMEX

    Rule Numbers – NYMEX Rule 11.63, Electronic Trading Error Trade Procedures
    The number of ticks from market for Electricity under the heading “Products Traded on an Alternative Electronic Trading System” has been increased from 12 ticks to 30 ticks. The specific amount of ticks from market defines a range outside which a trade may be reviewed as a potential error.

    11/11/2003

    11/12/2003

    NYMEX

    Rule Numbers – NYMEX Rule 6.51, Settlement Price Committee, and NYMEX Rule 6.52A, Settlement Prices for Natural Gas Futures Contract
    The amendments to NYMEX Rule 6.52A pertain to integration of a staff member as a voting member of the Settlement Price Committee for Natural Gas Futures, changes to criteria for the recognition of orders for purposes of determining settlement prices and the use of other data to determine settlement prices. Rule 6.51 was amended to conform changes to 6.52A.

    11/11/2003

    11/12/2003

    CME

    Goldman Sachs Commodity Index composition and weights for 2004

    11/07/2003

    11/07/2003

    NQLX

    Rule Numbers – 419
    NQLX made these changes so the information recording and submission requirements for Block Trades and Exchange for Physical Trades are consistent. Previously, certain requirements applicable to Exchange for Physical Trades were not explicitly applicable to Block Trades. First, amended Rule 419(g) now requires members to comply with the requirements of Rule 408(b), in addition to those of Rule 408(c), when recording and retaining information on an Order Ticket for a Block Trade. Second, amended Rule 419(g) now requires members to record on an Order Ticket the identity of the individual arranging the Block Trade and to time stamp the Order when negotiations begin. In addition, we have clarified requirements relating to the quoting of the price for a Block Trade in Rule 419(e)(2).

    11/06/2003

    11/07/2003

    NYMEX

    This filing is simply notifying the CFTC of the launch dated for new option contracts and related rule changes that were previously approved by the Commission in 1999.

    11/06/2003

    11/06/2003

    CME

    Delisting of CME-CheMatch Benzene Futures & CME-CheMatch Mixed Xylenes Futures.

    11/06/2003

    11/06/2003

    PBOT

    Rule Numbers - 1207(c)
    Rule 1207(c) establishes the method of determining final settlement values for cash settled foreign currency contracts.

    11/05/2003

    11/05/2003

    CME

    Rule Numbers – Minor Amendments to Rule 194. New product access program and interpretation of rule 135.A. regarding allowable spreads for gem members
    The minor change to Rule 194 new product access program removes an outdated reference to the trading floor in regard to what clearing fee rates participating members pay for eligible products. The minor change to the interpretation of Rule 135.A. regarding allowable spreads for gem members adds the E-mini ™ NASDAQ®Composite to the list of allowable spreads.

    11/03/2003

    11/03/2003

    CBOT

    Rule Numbers – Regulation 450.02D
    Reformatted provisions for designation of “passive investor entities” for Exchange transaction fee purposes.