New York Mercantile Exchange: E-miNY(sm) Futures Daily Volume Crosses 10,000 For First Time

Records were set in e–miNY energy futures(sm) and e–miNY(sm) crude oil futures trading for the second day in a row yesterday on the New York Mercantile Exchange, Inc., when e–miNY(sm) volume of 10,953 contracts surpassed the previous record of 9,987 contracts on October 12, while e–miNY(sm) crude oil futures volume of 10,144 contracts exceeded the previous record of 9,196 contracts set on the same day.

Exchange President James E. Newsome said, "The e–miNY(sm) energy futures contracts are an increasingly utilized component of market participants' trading strategies as seen by the second set of back-to-back daily volume records in as many weeks, and the ninth volume record since August 11."

e–miNY(sm) futures are traded on the Chicago Mercantile Exchange GLOBEX® system and cleared through the New York Mercantile Exchange clearinghouse. They are 50% of the size of the standard–sized energy futures contracts and are traded from 3:15 PM, New York time, Mondays through Thursdays, and 7 PM, New York time, on Sundays until 2:30 PM the following day, with breaks between 9:30 AM and 10 AM, 2:30 PM and 3:15 PM, and 5:30 PM and 6:00 PM.