Nymex Receives Approval On Further Amendments To Natural Gas Price Limit Rules

The Commodity Futures Trading Commission today informed the New York Mercantile Exchange, Inc., that it has approved additional amendments to the natural gas price limit rules so that there will be no price limits on trading in any of the listed months during open outcry trading for the last three days in the spot month.

The last three days of trading in the spot month are the third, fourth, and fifth to last business days of the month.

The regular limits will remain in place during the NYMEX ACCESS sessions for those dates.

This rule amendment will take effect with the last three days of trading in the January 2001 contract, which are Friday, December 22, Tuesday, December 26, and Wednesday, December 27.