Notice No. 01-127
April 11, 2001


TO:
ALL NYMEX DIVISION MEMBERS

FROM:
Neal Wolkoff
Executive Vice President

RE:
Amendments to NYMEX Rule 6.05(A) (&Transactions, Bids and Offers on the 
Trading Floor8)


 Please be advised that NYMEX Rule 6.05 (A) has been amended.  A copy of the 
amendments is included below.   The amendments will become effective on 
Monday, April 16, 2001.

 The amendments relate to the quantity which is understood to be bid or 
offered in the ring when no quantity is specified.  Currently, this amount is 
five contracts for NYMEX crude oil, natural gas, heating oil, unleaded 
gasoline, platinum and palladium futures contracts.  The amendments change 
this quantity to ten contracts for the above-referenced products.

 If you have any questions, please contact George Henderson, Vice President ) 
Floor Operations at 212-299-2071.

NEW AMENDMENTS TO NYMEX RULE 6.05(A)

(Asterisks indicates additions; brackets indicate deletions.)


Rule 6.05.  TRANSACTIONS, BIDS AND OFFERS ON THE TRADING FLOOR


(A) Except as otherwise specifically provided in the Bylaws and Rules, all 
purchases, sales, bids and offers for futures and options contracts:

(1) shall be executed openly and competitively by open outcry in the 
appropriate trading ring during the authorized hours of trading;

(2) shall, for light sweet crude oil, heating oil, New York Harbor unleaded 
gasoline, natural gas, platinum and palladium futures contracts, be 
understood to be for [five] * ten * contracts where no quantity is specified, 
and, for all other futures contracts and all options contracts, be understood 
to be for one contract where no quantity is specified;

(3) shall be open to the first Member immediately accepting such bid or offer;

(4) shall be binding upon the first Member accepting such bid or offer or 
part of such bid or offer at the price named by the bidding or offering 
Member; and shall be deemed withdrawn if not accepted immediately.









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