Amendments to the Payout Criteria, Reporting Level, and Speculative Position Limits for Various Weekly Futures contracts
Pursuant to Commission Regulation §40.6(a), the HedgeStreet Rule and Instrument Committees have approved the re-listing of certain Weekly Futures contracts, as represented by the following HedgeStreet Rules:
12.30 Currency Exchange EUR/USD Variable Payout Contracts
12.32 Currency Exchange USD/YEN Variable Payout Contracts
12.34 Gasoline Variable Payout Contracts
12.35 Gold Variable Payout Contracts
12.37 Silver Variable Payout Contracts
In addition, HedgeStreet is increasing the maximum Settlement Value for these contracts to $100. As a result of the increase in the maximum Settlement Value amount, HedgeStreet is amending i) the Payout Criteria for the Contracts; and ii) both the reporting level and, to the extent applicable, the speculative position limits for these Contracts in order to accommodate the larger maximum Settlement Value.
These rule amendments were made effective at the start of business on Wednesday, July 5, 2006. Click here to view the rule amendments.