Notice No. 01-64
February 20, 2001

MEMORANDUM

TO:
ALL NYMEX AND COMEX MEMBERS

FROM:
Neal L. Wolkoff, Executive Vice President

DATE:
February 20, 2001

RE:
Implementation of NYMEX Resolution

The purpose of this Notice is to advise Members that an Exchange Resolution, 
which is attached, confers upon COMEX Division Members (owners and those 
members who hold a seat pursuant to an A-B-C agreement) trading privileges 
for the execution of customer orders by open outcry in the Platinum Ring for 
the following NYMEX Division contracts: Platinum Futures; Palladium Futures, 
Liquefied Propane Gas Futures and Platinum Options.  The Resolution further 
provides that such trading privileges are revocable upon 90 days notice by 
the Exchange,s Board of Directors.

The Exchange has also made related, conforming amendments to NYMEX Rules 
6.43A (&Broker Association Registration Requirements8); 6.44 (&Registration 
for Billing of Floor and NYMEX ACCESS7 Brokerage8) and 8.66 (&Billing and 
Commissions8).

The new Resolution and the amendments to the NYMEX rules shall become 
effective on Wednesday, February 21, 2001.

Please be advised that before a COMEX Member can exercise these trading 
privileges, the COMEX Member must first comply with the applicable 
requirements for NYMEX Division Floor Members, including training for trading 
on the NYMEX floor and obtaining a guarantee from a NYMEX Clearing Member.

If you have any questions, please contact M. Dawn Lowe, Vice President, NYMEX 
Membership Department, at (212) 299-2370; George Henderson, Vice President, 
NYMEX Floor Dept., at (212) 299-2071; or Suellen Galish, Vice President, 
NYMEX Legal Dept., at (212) 299-2215.

 * * * *


RESOLUTION OF THE BOARD OF DIRECTORS TO CONFER ADDITIONAL TRADING PRIVILEGES 
TO COMEX MEMBERS FOR PLATINUM, PALLADIUM AND PROPANE


RESOLVED that the COMEX Division Members (owners and those members who hold a 
membership pursuant to an A-B-C Agreement) shall be conferred the privilege 
to trade Platinum Futures, Palladium Futures, Liquefied Propane Gas Futures 
and Platinum Options for customers in the Platinum ring by open-outcry; and

IT IS FURTHER RESOLVED that this trading privilege is revocable upon 90 days 
notice by further act of the Board of Directors in its sole discretion.


NYMEX AMENDMENTS TO NYMEX RULE 6.43A

 (Asterisks indicate additions; brackets indicate deletions)


Rule 6.43A BROKER ASSOCIATION REGISTRATION REQUIREMENTS

 (A) The term &broker association8 shall mean two or more Trading Members at 
least one of whom is actin as a Floor broker, who: I) engage in floor 
brokerage activity on behalf of the same employer; ii) have an employer 
relationship which relates to floor brokerage activity; iii) share profits 
and losses associated with their floor brokerage or trading activity;; iv) 
are officers, directors and/or ten percent (10%) shareholders of the same 
corporation which relates to floor brokerage activity; or v) regularly share 
a deck of orders.  ** For the purposes of this rule only the terms &Floor 
Broker8 and &Trading Member8 shall include COMEX Members who have NYMEX 
Division trading privileges. **

[The balance of the rule remains the same.]


Rule 6.44 REGISTRATION FOR BILLING OF FLOOR AND NYMEX ACCESS
  BROKERAGE

Member Firms and Floor Members engaged personally in floor brokerage or 
operating brokerage businesses on the Exchange floor are required to register 
with the Membership Department, their names and the names of the entities 
under which brokerage will be billed, and the names of all persons having 
ownership interests in such entities, including the percentage of their 
ownership interests, and to provide upon request any supporting information 
requested by the Membership Department or the Compliance Department. ** For 
the purposes of this rule the terms &Member8, &Member Firm8 and &Floor 
Member8 shall include COMEX Members who have NYMEX Division trading 
privileges. **

[The balance of the rule remains the same.]

Rule 8.66 BILLING AND COMMISSIONS

(A) Any bill for services rendered on the trading floor or on NYMEX ACESSc 
shall be issues in the name of, and as payable to a Member or Member Firm. * 
* For the purposes of this rule the terms &Member8 and &Member Firm8 shall 
include COMEX Members who have NYMEX Division trading privileges. * *

[The balance of the rule remains the same.]




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