As announced last week, in the initial phase of the launch, NYMEX will offer cash-settled energy futures contracts for all listed months. NYMEX miNYTM futures contracts will commence trading on CME Globex on that date as well. For the second phase of the launch, NYMEX will offer physically delivered energy futures contracts, no later than six months from the initial launch.
James E. Newsome, NYMEX president and chief executive officer, said, “NYMEX is pleased to provide the marketplace with this highly anticipated news. We look forward to offering our energy complex on the CME Globex global distribution network.”
