SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested

Registered Entity Identifier Code (optional): 20-308

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): July 13, 2020 Filing Description: Modifications to the 

International Coal Liquidity Provider Program

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: Not Applicable

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

Official Product Name: 

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: 

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

Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

July 13, 2020

VIA ELECTRONIC PORTAL

Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

RE: Modifications to the International Coal Liquidity Provider Program

NYMEX Submission No. 20-308

Dear Mr. Kirkpatrick: 

New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) hereby notifies the Commodity Futures Trading 

Commission (“CFTC” or “Commission”) that it plans to modify the International Coal Liquidity Provider Program 

(“Program”). The modifications to the Program will become effective on August 1, 2020.

Exhibit 1 sets forth the terms of this Program. Modifications appear below, with additions underlined and deletions 

overstruck.

The Exchange reviewed the designated contract market Core Principles as set forth in the Commodity Exchange Act 

(“CEA”). During the review, NYMEX staff identified the following Core Principles as potentially being impacted:

Monitoring of Trading, Execution of Transactions, Protection of Market Participants, Compliance with Rules, and 

Recordkeeping.

The Program does not impact the Exchange’s ability to perform its trade practice and market surveillance obligations 

under the CEA. The Exchange’s market regulation staff will monitor trading in the Program’s products to prevent 

manipulative trading and market abuse. Additionally, NYMEX has implemented systems to track Program 

participants’ volume to ensure proper distribution of earned incentives. The products included in this Program are 

listed for trading in the open and competitive market. Participants in the Program will be selected by Exchange staff 

using criteria as further stated in Exhibit 1. Chapter 4 of the NYMEX rules includes prohibitions against fraudulent, 

non-competitive, unfair or abusive practices. All participants must expressly agree to comply with and be subject to, 

applicable regulations and NYMEX rules. The Program is subject to the Exchange’s record retention policies which 

comply with the CEA. 

The Exchange certifies that the Program complies with the CEA and the regulations thereunder. There were no 

substantive opposing views to this Program.

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.

If you require any additional information regarding this submission, please e-mail 

CMEGSubmissionInquiry@cmegroup.com or contact Rachel Johnson at 312-466-4393 or via e-mail at 

Rachel.Johnson@cmegroup.com. Please reference our NYMEX Submission No. 20-308 in any related 

correspondence.

Sincerely,

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachment: Exhibit 1
EXHIBIT 1

International Coal Liquidity Provider Program

Program Purpose

The purpose of the Program is to incentivize higher levels of volume contribution in the NYMEX coal

products listed below. Higher levels of volume and liquidity in the products listed below benefits all 

participants in the marketplace. 

Product Scope 

Coal (API2) CIF ARA (ARGUS-McCloskey) Futures (“MTF”), and Coal (API4) FOB Richards Bay 

(ARGUS-McCloskey) Futures (“MFF”), Coal (API 2) cif ARA (Argus/McCloskey) Options (“MTO”), Coal 

(API 2) cif ARA (Argus/McCloskey) Calendar Option (“CLA”), Coal (API 4) fob Richards Bay 

(Argus/McCloskey) Calendar Option (“RLA”), Coal (API 4) fob Richards Bay (Argus/McCloskey) Quarterly

Option (“RQA”), Coal (API 2) cif ARA (Argus/McCloskey) Quarterly Option (“CQA”), Coal (API 4) fob 

Richards Bay (Argus/McCloskey) Options (“MFO”), Coal (API 2) cif ARA (Argus/McCloskey) Future-Style 

Margined Option on Calendar Futures Strips (“F2C”), Coal (API 2) cif ARA (Argus/McCloskey) FutureStyle Margined Option on Quarterly Futures Strips (“F2Q”), Coal (API 4) fob Richards Bay 

(Argus/McCloskey) Future-Style Margined Option on Calendar Futures Strips (“F4C”), and Coal (API 4) 

fob Richards Bay (Argus/McCloskey) Future-Style Margined Option on Quarterly Futures Strips (“F4Q”)

that are traded on the CME Globex Platform or cleared through CME ClearPort (“Products”).

Eligible Participants

There is no limit to the amount of participants that may participate in the Program. Participants may be 

NYMEX members or non-members.

Program Term

Start date is January 1, 2018. End date is July 31, 2020 January 31, 2021.

Hours

N/A

Incentives

Upon meeting all Program requirements, as determined by the Exchange, participants will be eligible to 

receive predetermined incentives.

Monitoring and Termination of Status

The Exchange shall monitor participants’ activity in the Products and retains the right to revoke Program 

participant status if it concludes from review that a Program participant no longer meets the requirements 

of the Program.