For Release: April 1, 2008
CFTC Seeks Public Comment on NYMEX Exemption Request Involving Three New Contracts to be Traded on the Dubai Mercantile Exchange
Washington, DC – The Commodity Futures Trading Commission (CFTC) is requesting public comment on a petition submitted by the New York Mercantile Exchange (NYMEX) to amend an existing order in connection with contracts traded on the Dubai Mercantile Exchange (DME).
In May 2007, the Commission issued an order under Section 4d of the Commodity Exchange Act permitting DME and clearing member futures commission merchants to hold customer positions and associated funds held in connection with NYMEX’s clearing of specific futures contracts traded on or subject to the rules of the DME with other funds held in the segregated account. NYMEX now requests that the Commission amend that order to include three new financially-settled contracts that will be listed on DME, namely the DME Brent Crude Oil cash-settled contract, the DME Oman Crude Oil cash-settled contract and the DME West Texas Intermediate cash-settled contract.
Comments regarding the exemption request should be submitted on or before April 16, 2008.
Comments may be submitted electronically to email@example.com. All comments received will be posted on the Commission’s website.
R. David Gary
Last Updated: April 1, 2008