Nymex Sets Daily Record In Crude Oil Calendar Spread Options Trading

Crude oil calendar spread options set a daily volume record on the New York Mercantile Exchange, Inc., yesterday when 1,770 contracts were traded, surpassing the volume of 1,100 contracts traded on June 19, 2002.

Exchange President Robert J. Collins, Jr., said, "Since the launch of our calendar spread options contracts on June 7, our customers have demonstrated growing interest in these sophisticated instruments. Overall energy options volume is up 87% this year.