Notice To Members
Number*00-380

To: ALL NYMEX DIVISION MEMBERS
 ALL COMEX DIVISION MEMBERS
 ALL NYMEX DIVISION FLOOR EMPLOYEES
 ALL COMEX DIVISION FLOOR EMPLOYEES

From: Neal Wolkoff, Executive Vice President

Date: November 10, 2000

Re: Trading prohibition and registration requirements for all Floor Employees.



Any member who is employed as a floor employee on a division of the Exchange 
where he/she is not a member cannot trade or have any trade executions placed 
in his/her account in any products traded solely on that division.  For 
example: Member A is a COMEX Division member employed as a clerk by NYMEX 
Member B.  Member B must register Member A as a floor employee with the 
Exchange.  Further, like any other floor employee, Member A is prohibited 
from trading any NYMEX Division product in any fashion.  Naturally, Member A 
may trade on the COMEX Division, where he/she has a membership.

Also note that, although members may visit the trading floor of either 
division, they are prohibited from entering orders from the trading floor if 
they are not members of that division. (Unless otherwise provided for in the 
applicable by-laws and rules). Example: NYMEX members may visit the COMEX 
floor, but cannot verbally request that someone execute a trade for them nor 
can they hand a COMEX member or ask a clerk to hand a COMEX member a written 
order. NYMEX members can only trade COMEX contracts by placing orders from 
locations off the trading floor.  The same holds true for COMEX members 
visiting the NYMEX floor.

If you have any questions regarding these requirements and restrictions, 
please call Tom LaSala, Vice President Compliance, at 299-2897, David 
Schneiderman, Director, Trade Practice Surveillance, at 299-2857 or Nancy 
Minett, Compliance Counsel at 299-2940.



__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-380)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.