SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-135

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): 03/03/23 Filing Description: Amendments to the Listing Schedule 

of the Certain Argus Eurobob Oxy Gasoline Futures and Options Contracts and the 

Temporary Suspension of Trading and Clearing of the Previously Listed Contract Months 

of the 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

March 3, 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. Amendments to the Listing Schedule of the 

Certain Argus Eurobob Oxy Gasoline Futures and Options Contracts and the 

Temporary Suspension of Trading and Clearing of the Previously Listed Contract 

Months of the Contracts.

NYMEX Submission No. 23-135

Dear Mr. Kirkpatrick:

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

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

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

Exchange shall cease listing additional contract months beyond the December 2024 contract month

effective on Monday, March 20, 2023.

Effective immediately, the Exchange shall temporarily suspend trading and clearing of the contract months 

of the Contracts in Table 1. beyond December 2024 (collectively, the “Rule Amendments.”) There is no 

open interest in the impacted contract months. (Note: the additional related contracts listed in Table 2. 

further below are included herein for context, but are not impacted.)

Argus Media (“Argus”) has advised that due to a shift in the European gasoline market towards the region’s 

non-oxy E10 gasoline specification, Argus is proposing to stop publishing its Eurobob oxy gasoline barge 

assessment after December 31, 2024. Physical trading volumes in the Eurobob non oxy gasoline market 

have risen and represent a higher proportion of the total trade and for this reason, Argus propose to make 

this change. Argus’ related circular is set forth in Appendix A attached.
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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Table 1.

Contract Title

CME Globex/

CME 

ClearPort 

Code

Rulebook 

Chapter

Current Listing 

Schedule

Amended 

Listing 

Schedule

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 

2024

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 

2024

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 

2024

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 

2024 .

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 

2024

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 

Contract 

months up to 

and including 

December 

2024
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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December 

contract of the 

current year

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 

2024

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 

2024

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 

2024

RBOB Gasoline vs. Euro-bob 

Oxy NWE Barges (Argus) 

Futures

XER 1206

Monthly contracts 

listed for 24 

consecutive 

months

Contract 

months up to 

and including 

December 

2024

East-West Gasoline Spread 

(Platts-Argus) Futures EWG 1235

Monthly contracts 

shall be listed for 

12 consecutive 

months

Contract 

months up to 

and including 

December 

2024

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 

2024

Gasoline Euro-bob Oxy NWE 

Barges (Argus) Average 

Price Option

7HO 1238

Monthly contracts 

listed for 12 

consecutive 

months

Contract 

months up to 

and including 

December 

2024

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 

2024
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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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

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.) The 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
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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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

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 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. 

• 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. 
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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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

Appendix A: Argus Media Notification re Argus Gasoline Consultation
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Appendix A: Argus Gasoline consultation

Published in their daily market report for subscribers

London, 21 February (Argus) — Argus proposes to stop publishing its Eurobob oxy 

gasoline barge price assessment after 31 December 2024.

This reflects Europe's continuing shift towards the region's non-oxy E10 gasoline 

specification, which will increasingly create a mismatch between physical and 

derivatives trade.

A full range of financial derivatives referencing Argus Eurobob non-oxy gasoline barges 

is already listed on futures exchanges, and these derivatives have been part of Argus' 

annual assurance review under the IOSCO principles since 2019.

Argus also proposes to change its existing Eurobob oxy methodology effective 1 

January 2024. From that date, the grade will be assessed as a differential to the 

Eurobob non-oxy barge price. The change is intended to reduce volatility in the 

spread between the two grades and is made possible by rising liquidity in non-oxy 

barge trade.

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

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

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

calculated,

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

from the final, published Eurobob non-oxy price assessment to arrive at 

the Eurobob oxy price assessment.

Argus will accept comments on this proposal until 21 March. To discuss this proposal, 

please contact Elliot Radley at elliot.radley@argusmedia.com or on +44 20 7780 4205. 

Formal comments should be marked as such. Please note, formal comments will be 

published after the consultation period unless confidentiality is specifically requested.