In order to give market participants more time to adapt procedures, the implementation date for these rules has been changed to Tuesday, September 7, 2004.
The new rules (which will be implemented on Tuesday, September 7, 2004), provide that Exchange For Physical transactions (“EFPs”), in the USDXâ futures contract may not be executed during Exchange trading hours in New York and Dublin. Additionally, the execution of USDX EFPs must be reported to the Exchange no later than fifteen (15) minutes after the very next trading session begins. For example, if two parties execute a USDX EFP at 1:00 a.m. (NY Time), they must report it within fifteen (15) minutes after trading resumes in Dublin which begins at 3:00 am (NY Time).
To view the new amendments, please visit the NYBOT website at www.nybot.com.
The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges, NYBOT offers an expanding range of agricultural and financial products. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
