New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX), today announced a complete trading and processing schedule for the Martin Luther King, Jr. holiday (all in Eastern time):
Friday January 18, 2008
-- Normal floor closing for all NYMEX and COMEX products. Not an early
closing day.
-- NYMEX and COMEX products on CME Globex®, NYMEX ClearPort®
(including DME Direct) will be open until 5:15 PM, for January 18
trade date.
-- large trader reporting for any clearing members holding DME positions
for the January 18 trade date are due by midnight on Friday.
Sunday January 20, 2008
-- NYMEX and COMEX products on CME Globex and NYMEX ClearPort
(including DME Direct) will open for trading/trade submission at 6:00
PM for the January 22 trade date.
-- Day/session orders entered on CME Globex or DME Direct are for the
January 22 trade date and will continue through Tuesday's close at
5:15 PM.
Monday January 21, 2008 (Martin Luther King Jr. Day)
-- NYMEX and COMEX trading floors will be closed.
-- The DME intraday settlement price (OSP) to be published at the normal
time of 3:30 AM for the January 21 calendar date. No post close
settlement to be published.
-- NYMEX and COMEX products on CME Globex and NYMEX ClearPort (including
DME Direct) will all open for trading/trade submission for the January
22 trade date until the trading halt at 5:15 PM
-- Day/session orders entered on CME Globex or DME Direct will be for the
January 22 trade date and will continue until Tuesday's close at 5:15
PM.
-- NYMEX trading at settlement (TAS) products on CME Globex will be
available for trading for the January 22 trade date.
-- NYMEX TMS will be available for trade management for the January 22
trade date.
-- NYMEX cleared trades API will be available
-- Markets will not be settled and settlements will not be published, as
January 21 is not a trade or processing date.
-- NYMEX intraday files will not be produced, no clearing will occur, and
no clearing functionality will be available.
-- Daily SPAN and erosion files will not be produced (an additional
erosion file will be produced on January 22).
-- Options cannot be exercised.
-- There will not be any allocation of energy or metal deliveries or
delivery notices, and related forms will not be accepted.
-- The first normal intraday file generated on calendar date January 22
will contain trades from calendar date January 21.
-- NYMEX and COMEX products on CME Globex and NYMEX ClearPort (including
DME Direct) all reopen for trading/trade submission at 6:00 PM
(January 22 trade date).
Tuesday January 22, 2008
-- Normal trading schedule resumes.
-- Banking for January 18 clearing cycle will occur.
-- Large trader reporting for NYMEX and COMEX for the January 18 trade
date for any clearing members not holding DME positions are due by
8:00 AM.
-- "Double erosion" will occur to account for the January 21 peak day.
Two erosion files will be produced.
The full NYMEX 2008 holiday schedule can be found at: http://www.nymex.com/holida_schedu.aspx
