Certain Changes to the Natural Gas Futures Contracts, Re-listing Effective on March 6, 2007
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(a), the HedgeStreet Rule and Instrument Committees have approved re-listing of the Weekly Natural Gas Variable Payout Contracts ("Contracts") as defined in HedgeStreet Rule 12.16. In addition, HedgeStreet is increasing the maximum Settlement Value for these Contracts to $100. As a result of the increase in the Settlement Value, HedgeStreet is also amending i) the Payout Criteria for the Contracts; and ii) both the reporting level and speculative position limit for these Contracts in order to accommodate the larger Settlement Value.
These additions/amendments were made effective at the start of business on Tuesday, March 6, 2007.
Click here to view the various rule additions/amendments.