Notice No. 01-178
May 30, 2001


TO:
All NYMEX Division Members

FROM:
Neal Wolkoff, Executive Vice President

RE:
Procedures for Recording Spread Transactions on NYMEX Division Trading 
Pads/Cards


NYMEX members have recently been advised through Notice to Members 01-174 of 
the upcoming incorporation of spreads into the one-minute trade time 
statistics.  Weekly statistics are currently being posted outside the NYMEX 
Division trading floor.  Monthly statistics will subsequently be posted.  
These spread statistics will not be counted in a member,s overall percentages 
until the closure of a phase-in period, which is anticipated to be 
approximately ninety (90) days.

  In connection with this matter, a number of discussions have taken place 
between the Ad Hoc Committee of the Floor Committee, who is presently 
involved in the upcoming audit trail classes for members (Thursday, June 14, 
Tuesday, July 10, and Wednesday, August 15, 2001).  During these discussions, 
questions have been raised with Staff as to the proper or acceptable ways of 
recording spread transactions on a member,s trading pad/card.  To assist 
floor members, the attached pictorial demonstrates three methods of recording 
the sale of a spread (no prices-A, one leg price-C, and both leg prices-D), 
as well as a purchase of a spread (B).

These images can be found at 
http://www.nymex.com/refernce/notices/2001/ntm_178.htm

Any questions related to this matter should be addressed to Fred Tantao, 
Manager, Floor Data Entry, at 299-2045, George Henderson, Vice President, 
Floor Operations, at 299-2071, or Thomas LaSala, Vice President, Compliance, 
at 299-2897.



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