The New York Mercantile Exchange, Inc. a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX), today announced a complete trading and processing schedule for the President's Day holiday (all in Eastern time):
Friday February 15, 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 February 15
trade date.
-- large trader reporting for any clearing members holding DME positions
for the February 15 trade date are due by midnight on Friday.
Sunday February 17, 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
February 19 trade date.
-- Day/session orders entered on CME Globex or on DME Direct are for the
February 19 trade date and will continue through Tuesday's close at
5:15 PM.
Monday February 18, 2008 (President's 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 February 18 calendar date. No post-close
settlement to be published.
-- NYMEX and COMEX products on CME Globex and NYMEX ClearPort (including
DME Direct) will open for trading/trade submission for the February 19
trade date until the trading halt at 5:15 PM.
-- Day/session orders entered on CME Globex or DME Direct will be for the
February 19 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 February 19 trade date.
-- NYMEX TMS will be available for trade management for February 19 trade
date.
-- NYMEX cleared trades API will be available.
-- Markets will not be settled and settlements will not be published, as
February 18 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 February 19).
-- Options cannot be exercised.
-- There will not be any allocation of energy and metal deliveries or
delivery notices, and related forms will not be accepted.
-- The first normal intraday file generated on calendar date February 19
will contain trades from calendar date February 18.
-- NYMEX and COMEX products on CME Globex and NYMEX ClearPort (including
DME Direct) all reopen for trading/trade submission at 6:00 PM
(February 19 Trade Date).
Tuesday February 19, 2008
-- Normal schedule resumes.
-- Banking for February 15th clearing cycle will occur.
-- Large trader reporting for NYMEX and COMEX for February 15th trade date
for any clearing members not holding DME positions are due by 8:00 AM.
-- "Double Erosion" will occur to account for the February 18 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
