By a filing dated March 7, 2007, HedgeStreet certified with the CFTC its intent to commence using a random sampling of NYMEX®* prices executed through both pit trading as well as electronic trading by applying its proprietary algorithm to calculate the Expiration Values and Underlying for the Binary and Variable Contracts referenced above. HedgeStreet originally submitted the details of its proprietary algorithm to the Commission on January 3, 2005.
Accordingly, HedgeStreet amended the footnote as it relates to all of the aforementioned contracts in the Rulebook. All deletions are stricken out and the additions are underlined, as follows:
The term "Prices" does not include any settlement prices calculated or issued by NYMEX. HedgeStreet only uses the prices reported during both the electronic and pit trading sessions executed just prior to the close of the pit trading session in order to formulate its own expiration value. on the exchange during the last 30 minutes of trading in order to formulate its own settlement price.
*NYMEX® is a registered service mark of the New York Mercantile Exchange, Inc. HedgeStreet, Inc. is not affiliated with the New York Mercantile Exchange, Inc. and neither the New York Mercantile Exchange, nor its affiliates, sponsor or endorse HedgeStreet, Inc. in any way.
Should you have any questions or require further information, please contact the Compliance Department.