The New York Mercantile Exchange, Inc. announced today that it traded more than 2 million futures and options contracts yesterday. In addition, it also reached daily volume records for total crude oil futures across all venues, as well as records on the CME Globex electronic trading platform for crude oil, natural gas, RBOB gasoline and COMEX miNYTM copper futures contracts.
Total NYMEX energy and metals futures and options traded a record 2,141,304 contracts, exceeding the previous record of 1,825,789 contracts traded on May 31, 2006. Total crude oil futures reached 657,549 contracts, surpassing the 598,155 contracts traded on November 16, 2006.
On CME Globex, total energy and metals volume reached 810,547 contracts, topping the 704,301 contracts traded on January 8. Crude oil futures totaled 503,023 contracts, exceeding the 436,151contracts traded on January 8. Natural gas futures reached 87,390 contracts beating the 69,261 contracts traded on January 8. RBOB gasoline futures traded 49,969 contracts, exceeding the 38,525 contracts traded on December 21, 2006. COMEX miNY copper futures contracts reached 32 contracts, surpassing the 22 contracts traded on January 8.
NYMEX Executive Chairman Richard Schaeffer said, "NYMEX is proud to be the first energy exchange to cross the 2 million contract mark in a single day of trading. We are delighted that our customers continue to view NYMEX as a reliable and transparent marketplace, using the hybrid of open outcry and electronic trading, to best manage their energy and metals risk. Our partnership with the CME has proven to revolutionize our business plan and greatly expand our global distribution."
CME Executive Chairman Terry Duffy said, "The recent record trading volumes of NYMEX products on the CME Globex platform supports the reliability of our electronic trading system and our ongoing commitment to deliver value to our joint customers around the world. Since the launch of these products in June 2006 to trade on CME Globex, NYMEX and CME have enjoyed a strong relationship, and we will continue to work together to meet the demands of the marketplace and add shareholder value."
NYMEX launched its physically settled futures contracts for trading on CME Globex during regular open outcry trading hours on September 5, following its initial offering of financially settled, standard-sized and NYMEX miNY energy futures contracts for trading on CME Globex on June 12. On December 4, NYMEX introduced full-sized and COMEX miNY metals futures contracts for side by side trading.
Access to electronic trading of NYMEX energy and metals products is available virtually 24 hours a day on CME Globex.
For more information, go to www.nymexoncmeglobex.com.
