Nymex Announces Procedures For The Transition Of The e-miNY Futures Contracts To NYMEX ClearPort<SUP>sm</SUP>

New York Mercantile Exchange, Inc., will transition its e-miNY^sm crude oil and natural gas futures contracts to NYMEX ClearPort^sm from the Chicago Mercantile Exchange GLOBEX® system on June 20. After the transition, the contracts will be referred to as the NYMEX miNY^sm contracts. The transition and listing of the July and August contracts is explained below.

The August NYMEX miNY^sm crude oil and natural gas futures contracts will not be listed for trading on GLOBEX®. The July e-miNY^sm crude oil contract will expire on GLOBEX® at 2:30 PM Eastern standard time (EST) on June 20. The August contract will be listed for trading on NYMEX ClearPort^sm at 3:15 PM EST on June 20.

The July e-miNY^sm natural gas contract will be listed on GLOBEX® until 2:30 PM EST on June 20. The July contract will be listed on NYMEX ClearPort^sm and resume trading at 3:15 PM EST on June 20, the same time that the August contract is listed for trading.

Exchange President James E. Newsome said, "We are pleased to consolidate the NYMEX miNY^sm contracts on to the NYMEX ClearPort^sm clearing and trading platform, offering our customers the ability to manage their market risk from a single electronic venue."