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 http://www.m2.com
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.
((Comments on this story may be sent to email@example.com))
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Chicago Mercantile Exchange Inc.|
|Article Type:||Brief article|
|Date:||Jul 17, 2006|
|Previous Article:||Telefonica Moviles to provide new mobile network in Peru through EIB loan.|
|Next Article:||Cingular Wireless launches super-charged wireless network in San Antonio.|