Amendments to Rule 12.59 - with respect to the Settlement Value, Reporting Level and Speculative Position Limits for Spot Crude Oil Binary Contracts
Pursuant to Commission Regulation §40.6(a), the HedgeStreet Rule and Instrument Committees have approved amendments to the Spot Crude Oil Binary Contracts, represented by the single rule referenced above. HedgeStreet is increasing the Settlement Value for such Contracts to $100. As a result of the increase in the Settlement Value, HedgeStreet is amending i) both the reporting level and speculative position limits for these Contracts; and ii) delisting the Spot Crude Oil Binary Contracts that have a Settlement Value of $10 until further notice.
These rule amendments were made effective at the start of business on Wednesday, June 28, 2006. Click here to view the rule amendments.