New York Mercantile Exchange, Inc., today announced a complete trading and processing schedule for Thanksgiving, Christmas, and New Year's Eve 2007 and New Year's Day 2008 (all in Eastern time):
Thanksgiving Holiday Schedule
Wednesday, November 21
-- Normal floor closing for all NYMEX and COMEX products (Not an early
closing day).
-- NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® trading and
clearing, including DME Direct, will be open until 5:15 PM (for
November 21 trade date).
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct)
will re-open for trading/trade submission at 6:00 PM (for November 23
trade date).
-- Large trader reporting for DME for the November 21 trade date for any
clearing members holding DME positions will be due by midnight.
Thursday, November 22 (Thanksgiving Day)
-- DME intraday settlement price to be published at normal time of
4:30 AM for November 22 calendar date. No post-close settlement will
be published.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will be open for trading/trade submission until 5:15 PM (for November
23 trade date).
-- NYMEX Softs TAS products (CJT, KTT, TTT, YOT) will be unavailable for
trading on CME Globex. All other TAS products will follow the normal
schedule.
-- NYMEX/COMEX trading floors will be closed.
-- NYMEX cleared trades API will be available.
-- Markets will not be settled and final settlements will not be
published, as November 22 is not a trade date or processing date.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 (NERC Holiday) files will not be produced.
-- Options can not be exercised.
-- There will not be any allocation of energy and metal deliveries or
delivery notices and related forms will not be accepted.
-- First normal intraday file generated on calendar date November 23
will contain trades from calendar date November 22.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will re-open for trading/trade submission at 6:00 PM (for November 23
trade date).
Friday, November 23
-- Early floor closing for all products (NYMEX 1:30 PM/COMEX 12:30 PM).
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will open for trading/trade submission until 5:15 PM (for November 23
trade date).
-- NYMEX energy TAS products (CLT, NGT, RBT, HOT, RET, LUT, LRT) close
at 1:30 PM on CME Globex. NYMEX Softs TAS products (CJT, KTT, TTT,
YOT) will not be available for trading. NYMEX Brent TAS products
(BZT, BBT) will follow the normal schedule.
-- Banking for November 21 clearing cycle will occur.
-- Large trader reporting for November 21 trade date for any clearing
members not holding DME positions due by 8:00 AM.
-- Normal erosion for electricity products will occur. Since November
22 is a NERC holiday, "double erosion" is not necessary.
-- All normal clearing and trade management functionality will be
available.
Christmas Holiday Schedule
Monday, December 24 (Christmas Eve)
-- Early floor closing for all products (NYMEX 1:30 PM/COMEX 12:30 PM).
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will be open until 5:15 PM. Electronic markets will not reopen for
overnight session.
-- NYMEX energy TAS products (CLT, NGT, RBT, HOT, RET, LUT, LRT) close
at 1:30 PM on CME Globex. All other TAS products follow normal
schedule.
-- Large trader reporting for DME for the December 24 trade date will be
due by midnight for any clearing members holding DME positions.
Tuesday, December 25 (Christmas Day)
-- No DME intraday settlement price or post-close settlement will be
published.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will be closed.
-- NYMEX/COMEX trading floors will be closed.
-- No clearing functionality will be available.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will open for trading/trade submission at 6:00 PM (for December 26
trade date).
Wednesday, December 26, 2007
-- Normal schedule resumes for all systems and products.
-- Banking for December 24 clearing cycle will occur.
-- Large trader reporting (NYMEX/COMEX) for December 24 trade date will
be due by 8:00 AM for any clearing members not holding DME positions.
-- Normal erosion for electricity products will occur. Since December
25 is a NERC holiday, "double erosion" is not necessary.
New Years Holiday Schedule
Monday, December 31 (New Years Eve)
-- Normal floor closing for all NYMEX and COMEX products (Not an early
closing day).
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will be open until 5:15 PM. Electronic markets will not reopen for
overnight session.
-- NYMEX Brent TAS products (BZT, BBT) close at 1:00 PM on CME Globex.
All other TAS products will follow the normal schedule.
-- Large trader reporting for DME for the December 31 trade date will be
due by midnight for any clearing members holding DME positions.
Tuesday, January 1 (New Years Day)
-- No DME intraday settlement price or post-close settlement will be
published.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will be closed.
-- NYMEX/COMEX trading floors will be closed.
-- No clearing functionality will be available.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will open for trading/trade submission at 6:00 PM (for January 2
trade date).
Wednesday, January 2
-- Normal schedule resumes for all systems and products.
-- Banking for December 31 clearing cycle will occur.
-- Large trader reporting for December 31 trade date will be due by 8:00
AM for any clearing members not holding DME positions.
-- Normal erosion for electricity products will occur. Since January 1
is a NERC holiday, "double erosion" is not necessary.
Please note that the NYMEX and COMEX trading floors will close early on Friday, November 23 and Monday, December 24. The full schedule by contract is available on the NYMEX website at http://www.nymex.com/.
