Nymex delays Internet-based Access trading

Nymex delays Internet-based Access trading

The New York Mercantile Exchange is to delay the introduction of an Internet-based version of its Access electronic trading system as member firms struggle to improve security and get their operations ready for the switch-over.

Member firms still need to address issues raised by firewall protection and for individual traders to upgrade computer equipment, before they switch to the Web-based platform, says the Exchange.

The transition to an Internet-based platform for the system was scheduled to occur on September 3. The Exchange says it will announce a new implementation date shortly.

The Exchange has offered electronic trading on Nymex Access via a proprietary network since 1993.

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