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FTSE Mondo Visione Exchanges Index:

Nymex Adds Options Contracts To Post-Close Trading

Date 03/06/2004

The New York Mercantile Exchange, Inc., said that beginning tomorrow, options contracts will be included in the post–close trading session for NYMEX Division energy and metals contracts.

Post–close trading is conducted for two minutes, Mondays through Thursdays and five minutes on Fridays (or the last day of the business week) shortly after the close of open outcry trading. Options contracts in the first 12 listed delivery months will be available for the session, the same as the underlying futures contracts.

Exchange President J. Robert Collins, Jr., said, "The inclusion of the options contracts in the post–close trading session will give market participants an additional opportunity to manage market risk which is particularly valuable in the current active trading environment."