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New York Mercantile Exchange Will Expand Electronic Trading Hours For Metals and Propane

Date 25/05/2004

The New York Mercantile Exchange announced today earlier openings for after–hours trading in its metals and propane futures contracts beginning on June 1.

Trading in the metals contracts will open at 2 PM and propane will open at 1:45 PM on Mondays through Thursdays instead of the current opening of 3:15 PM on the NYMEX ACCESS® electronic trading system. The closing times for the session will remain at 8:00 AM for gold, silver, copper, platinum, and palladium futures, 7:40 AM for aluminum futures, and 9:00 AM for propane futures. The Sunday evening opening time of 7 PM also will not be changed.

Exchange President J. Robert Collins, Jr., said, "By reducing the brief period that these markets are closed we are a step closer to offering market participants virtually `round the clock market access, transparency, and efficiency, which is particularly valuable in this time of heightened activity in metals and energy markets."