NYMEX Announces Position Accountability, Reporting Levels For New RBOB Gasoline Contracts

The New York Mercantile Exchange, Inc. today announced the position accountability, expiring month position limits and reporting levels for its RBOB gasoline options and swap futures contracts that will be offered for trading on November 26 for trade date November 27.

The position accountability levels for the RBOB gasoline crack spread options contract will be 20,000 contracts for the crude oil futures leg and 7,000 contracts for the RBOB gasoline leg for any single month or all months. For the last three days of the expiring month, the crude oil leg will have a 3,000–contract position limit and the RBOB gasoline leg will have a 1,000–contract position limit. Clearing members must identify customers with a position of 25 or more contracts to the Exchange.

The position accountability levels for the RBOB gasoline European look-alike options, RBOB gasoline average price options, RBOB gasoline one–month spread, RBOB gasoline two-month spread, RBOB gasoline three–month spread, RBOB gasoline six–month spread, contracts will be 7,000 contracts for any single month or all months. For the last three days of the expiring month, contracts have a 1,000–contract position penultimate expiration accountability level. Clearing members must identify customers with a position of 150 or more contracts to the Exchange.