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New York Mercantile Exchange to migrate to CME Globex electronic trading platform.

TELECOMWORLDWIRE-17 July 2006-New York Mercantile Exchange to migrate to CME Globex electronic trading platform(C)1994-2006 M2 COMMUNICATIONS LTD

The New York Mercantile Exchange Inc has revealed it is to migrate its after hours energy futures contract to the CME Globex electronic trading platform, from NYMEX ACCESS, the exchange's after-hours electronic trading system.

The exchange said the CME Globex platform will operate virtually 24 hours a day on each trading day, starting on 6 August 2006, for trade date 7 August.

The migration to the new platform will include the platinum and palladium futures contracts, plus the physically delivered crude oil, natural gas, heating oil, gasoline and propane futures. All will trade just prior to the opening, and following the NYMEX floor's market close.

CME said the CME Globex platform will provide continuous access and increasing global distribution of NYMEX products, benefitting those seeking access to energy contracts. It claimed CME Globex technology offers reliability and transparency, with increased transaction speed, creating a more liquid and resilient trading model.

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Title Annotation:Chicago Mercantile Exchange Inc.
Article Type:Brief article
Geographic Code:1USA
Date:Jul 17, 2006
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