The transactions represented 115 trillion British thermal units (Btu) of natural gas, 186,000 megawatt hours of electricity, and 180,000 barrels of crude oil.
Since clearing services for bilateral off-Exchange transactions were launched on May 31, 2002, the equivalent of 3.46 quadrillion Btus of natural gas, 9.2 million megawatt hours of electricity and 906,000 barrels of crude oil in off-Exchange transactions have been cleared through the Exchange clearinghouse, with a notional value of approximately $13.8 billion.
Open interest in cleared off-exchange transactions as of the close of business on February 21 was the equivalent of 1.42 quadrillion Btus of natural gas, 4.8 million megawatt hours of electricity, and 24,000 barrels of crude oil.
Exchange President J. Robert Collins, Jr., said, "The growing volume of business transacted through the NYMEX ClearPortsm technology platform is an affirmation of a continuing flight to quality as market participants seek to conduct business under the Exchange's system of guarantees to mitigate credit risk."
