(01-150) Amendments to NYMEX End of Week Post-Close Trading Session ,
 ----- Forwarded by Tana Jones/HOU/ECT on 05/07/2001 11:16 AM -----

=09exchangeinfo@nymex.com
=0905/04/2001 02:30 PM
=09=09=20
=09=09 To: tana.jones@enron.com
=09=09 cc:=20
=09=09 Subject: (01-150) Amendments to NYMEX End of Week Post-Close Trading=
 Session=20
Rule


Notice # 01-150
May 4, 2001

TO:
All NYMEX Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Amendments to NYMEX End of Week Post-Close Trading Session Rule

DATE:
May 4, 2001
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D

Please be advised that beginning on Friday, May 11, 2001, a number of chang=
es=20
to the NYMEX End of Week post-close trading session rule that were recently=
=20
approved by the Board will become effective.

Specifically, beginning on Friday, May 11, 2001 and continuing for subseque=
nt=20
Friday post-close sessions (and post-close sessions the day before a mid-we=
ek=20
Exchange holiday) the following changes will be in effect:

(1) Contract months eligible for trading in these sessions will be expanded=
=20
from the first four to the first 12 consecutive listed contract months.

(2) The sessions will be 5 minutes in duration.

(3) The trading range for these sessions will be expanded by adding the=20
following ticks above (below) the
daily high (low) for the applicable contract month (provided that this=20
expanded trading range does not violate the maximum permissible price=20
fluctuation limits then in effect):

Crude Oil  20 ticks
Heating Oil   50 ticks
Unleaded Gas   50 ticks
Natural Gas  50 ticks

If you have any questions concerning these changes, please contact George=
=20
Henderson, Vice President, NYMEX Floor Department, at (212) 299-2071; Rob=
=20
Stasi, Manager of Trading Floor Systems, NYMEX Floor Department, at (212)=
=20
299-2067, or Brian Regan, Senior Associate General Counsel, at (212) 299-22=
07.

AMENDMENTS TO NYMEX RULE 6.57(=01&POST-CLOSE TRADING SESSION=018) AND
NYMEX RULE 6.57A (=01&END OF WEEK TRADING SESSION=018)

(Asterisks indicate additions; brackets indicate deletions.)

Rule 6.57A.  END OF WEEK TRADING SESSION

On the last trading day of the calendar week, and, in any week when an=20
Exchange holiday falls on a Tuesday, Wednesday or Thursday on the trading d=
ay=20
preceding such midweek Exchange holiday, there shall be no post-close tradi=
ng=20
session provided on the trading floor pursuant to Rule 6.57.  Instead, on=
=20
such dates, an end of week trading session (the =01&End of Week Session'') =
shall=20
commence on the trading floor pursuant to this rule and subsequent to the=
=20
close.  Except as otherwise provided by the President or the President=01,s=
=20
designee for a particular trade date, such End of Week Session shall commen=
ce=20
twenty (20) minutes after the close of trading in all futures contracts and=
=20
shall continue for a period of [ten (10)]  * five
 (5) * minutes in all energy and metals futures contracts, subject to the=
=20
following conditions:

(A) Trading during the End of Week Session shall be limited to the first=20
[four] * twelve * listed delivery months;

(B) Trades occurring during the End of Week Session for a particular contra=
ct=20
month of a futures contract shall be executed openly and competitively at a=
=20
price within the daily trading range of the applicable contract month for=
=20
that futures contract * and as further expanded above the daily high and=20
below the daily low only for the contracts listed below provided however th=
at=20
no such expanded trading range may exceed the price fluctuation limits in=
=20
effect for the applicable contract as of the end of the RTH session:

Contract    Additional Ticks

Crude Oil    20 ticks
Natural Gas    50 ticks
Unleaded Gasoline   50 ticks
Heating Oil    50 ticks *

(C) During the End of Week Session, Floor Members, Floor Brokers and their=
=20
customers may participate in the same manner as trading occurring during th=
e=20
regular RTH session, except that any order submitted during the RTH session=
,=20
including but not limited to resting orders such as stop orders, limit orde=
rs=20
and good until cancelled (GTC) orders, will be deemed to have expired as of=
=20
the end of RTH for purposes of this End of Week Session.  Accordingly, in t=
he=20
event that a market participant with such an expired order seeks to=20
participate in the End of Week Session, a new order must be submitted.

(D) Prices for trades executed during the End of Week Session shall  be=20
reported on public ticker services;

(E) Current market prices and trades executed during the End of Week Sessio=
n=20
shall not be considered in determining any settlement price; and

(F) Floor Members executing trades during the End of Week Session shall mar=
k=20
a line across their trading cards prior to the entry of an End of Week=20
Session trade.



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