Under the terms of the program, any participant who makes a bid or offer that is subsequently accepted will receive payment in lieu of an Exchange fee. For the Henry Hub natural gas swaps futures contract and all natural gas basis futures contracts, liquidity providers will receive $.25 per contract and the participant on the other side of the trade will pay an all-inclusive fee of $.65 per contract. For the crude and petroleum products futures contracts, liquidity providers will receive $1.00 and the participant on the other side of the trade will pay an all-inclusive fee of $2.50 per contract. For electricity futures, liquidity providers will receive $1.00 and the participant on the other side of the trade will pay an all-inclusive fee of $3.50 per contract.
Futures contracts that will be offered for trading on NYMEX ClearPortsm beginning 3:15 PM tomorrow include:
- Henry Hub natural gas swap futures
- West Texas Intermediate calendar swap futures
- Three financially settled electricity futures contracts based on the day-ahead locational based marginal prices reported for New York Independent System Operator Zones A, G, and J.
- 12 natural gas basis futures contracts based on the prices reported by Platts Inside F.E.R.C. minus the NYMEX Division natural gas futures settlement price for the following indices: Northern Natural Gas Co. Demarcation index and Ventura, Iowa, index; Dominion Transmission Inc. Appalachia index; Northeast Texas Eastern zone M-3 index; upper midwest, MichCon citygate index; Natural Gas Pipeline Co. of America Louisiana zone index, mid-continent zone index, and Texas/Oklahoma index; El Paso Natural Gas Co. Permian Basin index; Columbia Gas Transmission Corp Appalachia index; ANR Pipeline Co. Oklahoma index; and Northwest Pipeline Corp. Canadian border index.
- Two natural gas basis futures contracts based on the prices reported for PG&E citygate and Malin in the Natural Gas Intelligence bid-week survey.
- A crude oil calendar swaps futures contract based on the Platts prices quotation for Bow River crude oil at Hardisty minus the NYMEX Division light, sweet crude oil futures settlement.
- Three calendar swaps futures contracts based on the Platts price quotations for Gulf Coast number 6 3.0% sulfur fuel oil; Los Angeles CARB gasoline; and New York harbor 1.0% sulfur residual fuel.
- Two crack spread calendar swaps futures contracts, one for the Platts-quoted price for New York harbor residual fuel minus the settlement price for light, sweet crude oil futures and the other for the Platts-quoted price for Gulf Coast number 6 3.0% sulfur fuel oil minus the NYMEX Division light, sweet crude oil futures settlement.
- Calendar swaps futures contracts based on NYMEX Division heating oil futures and the NYMEX Division unleaded gasoline futures contracts.
- A calendar swaps futures contract based on the differential between the NYMEX Division unleaded gasoline futures price and the NYMEX Division heating oil futures price.
- A calendar swaps futures contract based on the differential between the Platts-quoted prices for Gulf Coast heating oil and Gulf Coast gasoline.
- Three calendar swaps futures contracts based on the Platts-quoted prices minus the heating oil futures settlement price for the following products: Los Angeles jet fuel, Gulf Coast jet fuel, and New York harbor diesel.
- Two calendar swaps futures contracts based on the Platts-quoted prices minus the NYMEX Division gasoline futures settlement for Los Angeles CARB gasoline and New York Harbor conventional gasoline.
