Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Nymex: Extra Trading And Delivery Days To Be Added To Platinum And Palladium Futures Contracts

Date 14/04/2004

The New York Mercantile Exchange, Inc., will add a trading day and a delivery day to the schedule for its platinum and palladium futures contracts.

These changes will take effect on December 20 for the January 2005 contract for both commodities.

Trading will end on the third business day before the end of the delivery month instead of the fourth, and deliveries will commence on the first business day of the month instead of the second.

Exchange President J. Robert Collins, Jr., said, "These changes will result in uniform termination and delivery schedules across the Exchange's entire metals complex, creating greater efficiency for market paricipants."