SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 22-402

Organization: New York Mercantile Exchange ("NYMEX")

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 09/22/22 Filing Description: Administrative Amendments to Rules 

XXX101. (“Contract Specifications”) and XXXXX102.E. (“Termination of Trading”) of the 

WTI Midland (Argus) vs. WTI Trade Month BALMO and the WTI Houston (Argus) vs. 

WTI Trade Month BALMO Futures Contracts to Appropriately Reference the Term Trade 

Month

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: 383 & 1152
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

1

Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

September 22, 2022

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Administrative Amendments to Rules 

XXX101. (“Contract Specifications”) and XXXXX102.E. (“Termination of Trading”) of 

the WTI Midland (Argus) vs. WTI Trade Month BALMO and the WTI Houston (Argus) 

vs. WTI Trade Month BALMO Futures Contracts to Appropriately Reference the Term 

Trade Month.

NYMEX Submission No. 22-402

Dear Mr. Kirkpatrick:

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

Trading Commission (“CFTC” or “Commission”) amendments to Rules XXX101. (“Contract Specifications”) 

and XXX102.E. (“Termination of Trading”) of the WTI Midland (Argus) vs. WTI Trade Month BALMO Futures 

and WTI Houston (Argus) vs. WTI Trade Month BALMO Futures contracts noted in Table 1. below (“the 

Contracts”) to appropriately reference the term “trade month” effective on October 7, 2022 (collectively, the 

“Rule Amendments”).

Table 1.

Contract Title

Rulebook 

Chapter

Commodity 

Code

Related Full-Month 

Commodity Code

WTI Midland (Argus) vs. WTI Trade Month BALMO 

Futures 1152 WTB WTT

WTI Houston (Argus) vs. WTI Trade Month BALMO 

Futures 383 HTB HTT

Generally, the trade month for crude oil markets starts on the 26th day of the month one (1) month before 

expiry and ends on the 25th day of the month of expiry. NYMEX is amending the Contract Specifications 

rule of the Contracts to appropriately reference the term trade month. Corresponding amendments are 

being implemented to clarify the Termination of Trading rule of the Contracts to clarify that the last trade 

date is the last Exchange Business Day on or before the 25th calendar day of the trade month.

 

The Rule Amendments align the termination of trading language with the listing convention of the Contracts. 

Moreover, the Rule Amendments align the Exchange’s current practice with the rulebook. Therefore, the 

changes are administrative in nature as there is no change to the Exchange’s existing operational 

procedure associated with the Contracts.
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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The Rule Amendments are provided in Exhibit A below in blackline format.

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

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

bearing on the following Core Principles:

• Availability of General Information: The Exchange will publish on its website information 

regarding the Rule Amendments for the Contracts. A Special Executive Report (“SER”) will be 

published and posted to the CME website.

• Daily Publication of Trading Information: The Exchange will publish information contract trading 

volumes, open interest levels, and price information daily on its website and through quote vendors 

for the Contracts.

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

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

opposing views to the proposal.

The Exchange certifies that this submission has been concurrently posted on the CME Group 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 via e-mail at CMEGSubmissionInquiry@cmegroup.com.

Sincerely, 

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachment: Exhibit A: Amendments to NYMEX Rulebook Chapters 383 and 1152

 (blackline format)
3

EXHIBIT A

NYMEX Rulebook

(additions underscored; deletions struck through)

Chapter 1152

WTI Midland (Argus) vs. WTI Trade Month BALMO Futures

***

1152101. CONTRACT SPECIFICATIONS

The Floating Price for each contract month is equal to the balance-of-month arithmetic average of 

the WTI Midland Argus (1st month) differential weighted average (Diff wtd avg) price from Argus 

Media, which is based on the weighted average floating price of WTI Midland minus the "WTI Formula

Basis" price from Argus Media for the selected start date through the end of the trade month, 

inclusive.

The Trade month period begins with the first business day after the 25th calendar day two months 

prior to the contract month through the last business day that falls on or before the 25th calendar day 

of the month prior to the contract month. If the 25th calendar day is a weekend or holiday, the Trade 

month period shall end on the first Business Day prior to the 25th calendar day.

[End of Rule.]

1152102. TRADING SPECIFICATIONS

***

1152102.E. Termination of Trading

Trading shall cease at the close of trading on the last Bbusiness Dday that falls on or before the 25th 

calendar day of the trade month. prior to the contract month. If the 25th calendar day is not a Business 

Day a weekend or holiday, trading shall cease on the first Business Day prior to the 25th calendar

day.

[End of Rule.]

Chapter 383

WTI Houston (Argus) vs. WTI Trade Month BALMO Futures

***

383101. CONTRACT SPECIFICATIONS

The Floating Price for each contract month is equal to the balance-of-month arithmetic average of 

the WTI Houston Argus (1st month) differential weighted average (Diff weighted average) price from 

Argus Media, which is based on the weighted average floating price of WTI Houston minus the "WTI 

Formula Basis" price from Argus Media, for the selected start date through the end of the Trade

month period, inclusive.

The Trade month period begins with the first business day after the 25th calendar day two months 

prior to the contract month through the last business day that falls on or before the 25th calendar day 

of the month prior to the contract month. If the 25th calendar day is a weekend or holiday, the Trade 

month period shall end on the first business day prior to the 25th calendar day.

[End of Rule.]
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383102. TRADING SPECIFICATIONS

***

383102.E. Termination of Trading

Trading shall cease at the close of trading on the last Bbusiness Dday that falls on or before the 25th 

calendar day of the trade month. prior to the contract month. If the 25th calendar day is not a Business 

Day a weekend or holiday, trading shall cease on the first business day prior to the 25th calendar

day.

[End of Rule]