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Nymex Access to migrate to CME Globex

14 July 2006  |  1900 views  |  0 Source: New York Mercantile Exchange

The New York Mercantile Exchange, Inc. announced today that it will migrate its after hours energy futures contracts from NYMEX ACCESS, the exchange's after-hours electronic trading system, to the CME Globex electronic trading platform, which operates virtually 24 hours each trading day, beginning on August 6 for trade date August 7.

The migration will include the physically delivered crude oil, natural gas, heating oil, gasoline and propane futures, as well as the platinum and palladium futures contracts, all of which will trade only prior to the opening and following the market close of the NYMEX floor.

James E. Newsome, NYMEX President and Chief Executive Officer, said, "NYMEX is continuing on-track with its phased plan to create a more liquid and robust energy trading model with the renowned CME Globex technology."

"Providing around the clock access and increasing global distribution of NYMEX products via CME Globex will benefit market participants seeking access to the world’s most recognizable energy contracts," said CME Chief Executive Office Craig Donohue. "CME Globex provides transparency, reliability and increased transaction speed to deliver the deep pools of liquidity that customers demand."

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