SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-222

Organization: New York Mercantile Exchange, Inc. (“NYMEX”)

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 05/18/23 Filing Description: Additional Amendments to the 

Listing Schedule of Certain Argus Eurobob Oxy Gasoline Futures and Options Contracts

SPECIFY FILING TYPE 

Please note only ONE choice allowed per Submission.

Organization Rules and Rule Amendments

Certification § 40.6(a)

Approval § 40.5(a)

Notification § 40.6(d)

Advance Notice of SIDCO Rule Change § 40.10(a)

SIDCO Emergency Rule Change § 40.10(h)

Rule Numbers: 

New Product Please note only ONE product per Submission.

Certification § 40.2(a) 

Certification Security Futures § 41.23(a)

Certification Swap Class § 40.2(d)

Approval § 40.3(a)

Approval Security Futures § 41.23(b)

Novel Derivative Product Notification § 40.12(a)

Swap Submission § 39.5

Product Terms and Conditions (product related Rules and Rule Amendments)

Certification § 40.6(a) 

Certification Made Available to Trade Determination § 40.6(a)

Certification Security Futures § 41.24(a)

Delisting (No Open Interest) § 40.6(a) 

Approval § 40.5(a)

Approval Made Available to Trade Determination § 40.5(a)

Approval Security Futures § 41.24(c)

Approval Amendments to enumerated agricultural products § 40.4(a), § 40.5(a)

“Non-Material Agricultural Rule Change” § 40.4(b)(5)

Notification § 40.6(d)

Official Name(s) of Product(s) Affected: See filing

Rule Numbers: See filing
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

May 18, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Future Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Additional Amendments to the Listing 

Schedule of Certain Argus Eurobob Oxy Gasoline Futures and Options Contracts.

NYMEX Submission No. 23-222

Dear Mr. Kirkpatrick:

New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) is certifying to the Commodity Futures 

Trading Commission (“CFTC” or “Commission”) additional amendments to the listing schedule of certain 

Argus Eurobob oxy gasoline futures and options contracts noted in Table 1. below (the “Contracts”) to 

expand the listing schedule through December 2025 (collectively, the “Rule Amendments”) effective on 

Sunday, June 4, 2023 for trade date Monday, June 5, 2023.

Argus Media (“Argus”) initially advised the Exchange that due to a shift in the European gasoline market 

towards the region’s non-oxy E10 gasoline specification, Argus proposed to stop publishing its Eurobob 

oxy gasoline barge assessment after December 31, 2024. As a result, the Exchange amended the listing 

schedule of the Contracts effective March 20, 2023 (see NYMEX Submission No. 23-135 dated March 3, 

2023.

Argus subsequently advised that Argus shall continue to publish its Eurobob oxy gasoline assessment after 

December 31, 2024 following the closure of a market consultation process. Appendix A below provides the 

Argus circular dated May 3, 2023.

The additional related contracts listed in Table 2. further below are included herein for context but are not 

impacted. 

Table 1. 

Contract Title

CME Globex/

CME 

ClearPort 

Code

Rulebook 

Chapter

Current Listing 

Schedule

Up to December 

2024

Expanded 

Listing 

Schedule: All 

Contract 

Months 

Available for 

Trading and 

Clearing on 

June 5, 2023
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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Argus Gasoline Eurobob Oxy 

Barges NWE Crack Spread 

(1000mt) Futures

EOB 146

Monthly contracts 

listed for the 

current year and 

the next 4 

calendar years. 

List monthly 

contracts for a 

new calendar 

year following the 

termination of 

trading in the 

December 

contract of the 

current year

Contract 

months up to 

and including 

December 

2025

Gasoline Euro-bob Oxy NWE 

Barges (Argus) Crack 

Spread Average Price Option

GCE 530

Monthly contracts 

shall be listed for 

36 consecutive 

months

Contract 

months up to 

and including 

December 

2025

RBOB Gasoline vs. Euro-bob 

Oxy NWE Barges (Argus) 

(1000mt) Average Price 

Option

RGE 626

Monthly contracts 

listed for 36 

consecutive 

months

Contract 

months up to 

and including 

December 

2025

Gasoline Euro-bob Oxy NWE 

Barges (Argus) Futures B7H/7H 729

Monthly contracts 

shall be listed for 

36 consecutive 

months

Contract 

months up to 

and including 

December 

2025

Gasoline Euro-bob Oxy NWE 

Barges (Argus) Crack 

Spread Futures

T7K/7K 732

Monthly contracts 

shall be listed for 

36 consecutive 

months

Contract 

months up to 

and including 

December 

2025

Gasoline Eurobob Non-Oxy 

NWE Barges (Argus) vs 

Gasoline Eurobob Oxy NWE 

Barges (Argus) Futures*

GES 1031

Monthly contracts 

listed for the 

current year and 

the next 4 

calendar years. 

List monthly 

contracts for a 

new calendar 

year following the 

termination of 

trading in the 

December 

contract of the 

current year

Contract 

months up to 

and including 

December 

2025

RBOB Gasoline vs. Euro-bob 

Oxy NWE Barges (Argus) 

(350,000 gallons) Futures

EXR 1090

Monthly contracts 

shall be listed for 

36 consecutive 

months

Contract 

months up to 

and including 

December 

2025 
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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Mini Argus Gasoline Eurobob 

Oxy Barges NWE Crack 

Spread (100mt) Futures

MAC 1175

Monthly contracts 

listed for 36 

consecutive 

months

Contract 

months up to 

and including 

December 

2025 

Mini Gasoline Euro-bob Oxy 

NWE Barges (Argus) Futures MEO 1197

Monthly contracts 

shall be listed for 

36 consecutive 

months

Contract 

months up to 

and including 

December 

2025 

RBOB Gasoline vs. Euro-bob 

Oxy NWE Barges (Argus) 

Futures

XER 1206

Monthly contracts 

listed for 24 

consecutive 

months

Contract 

months up to 

May 2025 will 

be listed. New 

monthly 

contracts will 

continue to be 

added on 

expiry of the 

prior contract 

month until the 

end of 

December 

2025. 

East-West Gasoline Spread 

(Platts-Argus) Futures EWG 1235

Monthly contracts 

shall be listed for 

12 consecutive 

months

Contract 

months up to 

May 2024 will 

be listed. New 

monthly 

contracts will 

continue to be 

added on 

expiry of the 

prior contract 

month until the 

end of 

December 

2025

Gasoline Euro-bob Oxy NWE 

Barges (Argus) vs European 

Naphtha CIF NWE (Platts) 

Futures

EGN 1236

Monthly contracts 

listed for 36 

consecutive 

months

Contract 

months up to 

and including 

December 

2025 

Gasoline Euro-bob Oxy NWE 

Barges (Argus) Average 

Price Option

7HO 1238

Monthly contracts 

listed for 12 

consecutive 

months

Contract 

months up to 

May 2024 will 

be listed. New 

monthly 

contracts will 

continue to be 

added on 

expiry of the 

prior contract 

month until the 
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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end of 

December 

2025

Mini RBOB Gasoline vs. 

Gasoline Euro-bob Oxy NWE 

Barges (Argus) Futures

MXB 1243

Monthly contracts 

shall be listed for 

36 consecutive 

months

Contract 

months up to 

and including 

December 

2025 

Table 2.

Contract Title

CME Globex/

CME 

ClearPort 

Code

Rulebook 

Chapter Current Listing Schedule

Daily Gasoline Euro-bob Oxy 

NWE Barges (Argus) Futures GBR 238 Daily contracts listed for 2 

consecutive months

Gasoline Euro-bob Oxy NWE 

Barges (Argus) Crack Spread 

BALMO Futures

A7I/7I 733

Monthly BALMO contracts listed for 

3 consecutive months

Gasoline Euro-bob Oxy NWE 

Barges (Argus) vs European 

Naphtha CIF NWE (Platts) 

BALMO Futures

EGB 1237 Monthly BALMO contracts listed for 

3 consecutive months

Mini Gasoline Euro-bob Oxy 

NWE Barges (Argus) BALMO 

Futures

MEB 1239 Monthly BALMO contracts listed for

3 consecutive months

Mini RBOB Gasoline vs. 

Gasoline Euro-bob Oxy NWE 

Barges (Argus) BALMO 

Futures

MXR 1242 Monthly BALMO contracts listed for 

3 consecutive months
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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Note that in 2018, the Exchange initially listed six (6) European gasoline futures contracts noted in Table 

3. below for trading and clearing based on the Argus non-oxy E10 gasoline specification. (See NYMEX 

Submission No. 18-295 dated August 8, 2018.) However, the Gasoline Eurobob Non-Oxy NWE Barges 

(Argus) vs. Gasoline Eurobob Oxy NWE Barges (Argus) Futures contract (Commodity Code: GES; 

Rulebook Chapter 1031) which was launched at that time is impacted by Argus Media announcement and 

appears on Table 1. above. The remaining contracts listed in Table 3. shall continue to be available for 

trading and clearing as originally listed.

Table 3.

Contract Title

CME Globex/

CME 

ClearPort 

Code

Rulebook 

Chapter Listing Schedule

Gasoline Eurobob Non-Oxy 

NWE Barges (Argus) Futures GNO 1027

Monthly contracts listed for the current 

year and the next 3 calendar years. 

List monthly contracts for a new 

calendar year following the 

termination of trading in the December 

contract of the current year

Gasoline Eurobob Non-Oxy 

NWE Barges (Argus) BALMO 

Futures

GNB 1028

Monthly contracts listed for three (3) 

consecutive months. A new monthly 

contract will be listed for new contract 

month following the termination of 

trading in the previous monthly futures 

contract

Gasoline Eurobob Non-Oxy 

NWE Barges (Argus) Crack 

Spread Futures

GNS 1029

Monthly contracts listed for the current 

year and the next 3 calendar years. 

List monthly contracts for a new 

calendar year following the 

termination of trading in the December 

contract of the current year

RBOB Gasoline vs. Eurobob

Non-Oxy NWE Barges 

(Argus) (349,860 gallons) 

Futures

RGF 1030

Monthly contracts listed for the current 

year and the next 3 calendar years. 

List monthly contracts for a new 

calendar year following the 

termination of trading in the December 

contract of the current year

Singapore Gasoline 92 

Unleaded (Platts) vs. 

Gasoline Eurobob Non-Oxy 

NWE Barges (Argus) Futures

SGF 1032

Monthly contracts listed for the current 

year and the next 3 calendar years. 

List monthly contracts for a new 

calendar year following the 

termination of trading in the December 

contract of the current year

The Exchange reviewed the designated contract market core principles (“Core Principles”) as set forth in 

the Commodity Exchange Act (“CEA”) and staff identified that the Rule Amendments may have some 

bearing on the following Core Principles:

• Availability of General Information: The Exchange will make publicly available the details of the 

Rule Amendments by publishing a Special Executive Report (“SER”) to the marketplace. The SER 

will be available on CME Group’s website. 
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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• Prevention of Market Disruption: Trading in the Contracts will continue to be subject to the rules 

of the Exchange, which include prohibitions on manipulation, price distortion, and disruption to the 

cash settlement process. 

Pursuant to Section 5c(c) of the Act and CFTC Regulation 40.6(a), the Exchange hereby certifies that Rule 

Amendments comply with the Act, including all regulations under the Act. There were no substantive 

opposing views to the Rule Amendments. 

The Exchange certifies that this submission has been concurrently posted on the Exchange’s website at 

http://www.cmegroup.com/market-regulation/rule-filings.html. 

Should you have any questions concerning the above, please contact the undersigned at (212) 299-2200

or e-mail CMEGSubmissionInquiry@cmegroup.com.

Sincerely,

/s/Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachment: Appendix A – Argus Media Circular Dated May 3, 2023
7

Appendix A

London, 3 May (Argus) — Following industry consultation and effective 1 January 2024, Argus will assess the 

Eurobob oxy gasoline barge price as a differential to the Eurobob non-oxy barge price. There has been strong 

support from market participants for the change because E10 is now the primary grade in the northwest 

European gasoline market.

In addition, from 1 January 2024, Argus will use bids, offers and trades for Eurobob oxy and Eurobob non-oxy 

barges that are expressed as a differential to the Eurobob non-oxy futures price to assess the price of both 

gasoline grades.

New Eurobob oxy methodology from 1 January 2024

From 1 January 2024, the Eurobob oxy price will be constructed as follows:

• volume-weighted averages of the differentials at which Eurobob oxy and Eurobob non-oxy barges have 

traded against the floating Eurobob non-oxy derivative price will be calculated;

• then the difference between those volume-weighted averages will be subtracted from the final 

Eurobob non-oxy price assessment for that day to arrive at the Eurobob oxy barge price assessment.

Eurobob non-oxy derivatives are already available for trade

A full range of financial derivatives referencing Argus Eurobob non-oxy gasoline barge assessments are 

already listed on futures exchanges, and these assessments have been part of Argus' annual assurance review 

under the IOSCO principles since 2019.

Eurobob oxy prices to continue beyond the end of 2024

• Argus will continue to publish the Eurobob oxy barge price beyond 31 December 2024, assessed as a 

differential to the Eurobob non-oxy barge price as described above.

• A legacy volume-weighted-average price for Eurobob oxy barges, calculated as the volume-weighted 

average of the outright $/t prices of Eurobob oxy barge trades, will be published after 1 January 

2024, but with a new Argus code.