New York Mercantile Exchange To Extend Henry Hub Swap Contract To 72 Months

The board of directors of the New York Mercantile Exchange, Inc., last night voted to extend the listed months for its cleared over-the-counter (OTC) Henry Hub swap to 72 months from 36, beginning on November 11.

Exchange President J. Robert Collins, Jr., said, "This will parallel our benchmark Henry Hub futures contract, consistent with OTC trading activity, and will expand the utility of our most popular OTC clearing product."

The Exchange clears the widest range of products of any OTC clearing system, including pricing points for natural gas that account for distribution to every region of the continental United States.