Da ieri son quotate sull'elettronico del Nymex-Globex in continua tutte le soft commodities,
questo per ripicca alla fusione del Nybot con l'ICE
What is the NYMEX Soft offering?
NYMEX is launching 6 new financially settled contracts. The contracts are Sugar 11 and 14 (World & Domestic), Coffee (Washed Arabica), Cocoa, Cotton and Frozen Concentrated Orange Juice.
What are the contract symbols, sizes, and tradable months?
Product
Symbol
Size
2007 Contract Months
Cocoa
CJ
10 Metric Tons
Mar, May, Jul, Sep, Dec
Coffee
KT
37,500 lbs
Mar, May, Jul, Sep, Dec
Cotton
TT
50,000 lbs
Mar, May, Jul, Oct, Dec
Frozen Concentrated OJ
FJ
15,000 lbs
Mar, May, Jul, Sep, Nov
Sugar 11
YO
112,000 lbs
Mar, May, Jul, Oct
Sugar 14
FT
112,000 lbs
Mar, May, Jul, Sep, Nov
Where when and how can I trade these products?
The contracts will be listed on NYMEX Clearport Trading and Clearport Clearing for trade date December 21 st 2006 to be followed by a CME Globex™ launch in January 2007. Trading hours are 6:00pm EST thru 5:15pm EST Sunday thru Friday. Trades can be brokered and submitted to Clearport Clearing or alternatively executed on Clearport Trading once traders are registered and the Citrix Client application is downloaded. You can register for Clearport Trading at
www.nymex.com/clearporttrading.
How are the products margined?
Initial and Maintenance Margins for these products are as follows:
Product
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Initial Margin
CJ
750
825
1013
KT
2000
2200
2700
TT
1500
1650
2025
FJ
1200
1320
1620
YO
750
825
1013
FT
500
550
675
When is the last trading day for these products?
The Last Trading Day for NYMEX Soft's Contracts shall be at the the close of business immediately preceding the First Notice Day on the New York Board of Trade.
How is the daily settlement determined?
The Exchange shall publish a Settlement Price which shall be set at the corresponding monthly value of the physically settled New York Board of Trade futures contracts or as specified by the NYMEX Board of Directors.
How is the final settlement determined?
The Exchange shall publish a cash settlement price on the last day of trading for the contract month based on the last day of trading in the corresponding month for the physically settled contract at the New York Board of Trade.
What are the Intra-Commodity Spread Margins for all months?
Product
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Initial Margin
CJ
150
165
203
KT
150
165
203
TT
300
330
405
FJ
300
330
405
YO
200
220
270
FT
500
550
675
Who can clear these products?
All NYMEX and COMEX clearing members can clear these contracts.
What are the NYMEX fees for these products?
There will be no fees to trade these 6 products for the first 6 months of trading.
Are spreads, TAS and options available for trading on these contracts?
Spreads, Trade At Settle and Options will be available at a later date.
Where can I find more information and product specifications?
You can receive more information by calling our marketing hotline at 212.299.2301 or accessing the NYMEX website at
www.nymex.com/softs.