Nymex Announces Accountability Levels And Reporting Requirements For Natural Gas Swing And Swap Futures

The New York Mercantile Exchange, Inc., today announced position accountability levels and large trader reporting levels for the natural gas swing and index swap futures contracts that will launch on the evening of August 22.

The monthly index and daily swing swap futures contracts for the Chicago city gate, El Paso Gas Co.—Permian, Henry Hub, Houston Ship Channel, Panhandle, and Waha gas market hubs will have position accountability levels of 10,000 contracts for all months or any single month in each contract. The expiration month position limits will be 2,000 contracts for each of the new contracts except for the Houston Ship Channel index and swing swap futures contracts which will be 1,000 contracts.

The level at which clearing members must identify customers to the Exchange is 25 contracts. If a trader holds a reportable position in any one of the 12 contracts, then all positions in any of the other contracts must also be reported.