Nymex Sets Records For e-miNY<SUP>sm</SUP> Futures On Consecutive Days

Back–to–back daily trading records were set in e-miNY energy futures^sm and e–miNY^sm crude oil futures contracts on the New York Mercantile Exchange, Inc., last week.

e–miNY^sm volume of 8,080 contracts on September 29 surpassed the previous record of 7,498 contracts set on the previous day, while e–miNY^sm crude oil futures volume of 7,393 contracts exceeded the previous record of 7,093 contracts also set on September 28.

Exchange President James E. Newsome said, "The strong growth in the e–miNY energy futures^sm contracts, which has set seven volume records since August 11, is a clear indication that the contracts are playing an important role for market participants under the current market conditions."

e–miNY^sm futures are traded on the Chicago Mercantile Exchange GLOBEX® system and cleared through the New York Mercantile Exchange clearinghouse. They are 50% of the size of the standard–sized energy futures contracts and are traded from 3:15 PM, New York time, Mondays through Thursdays, and 7 PM, New York time, on Sundays until 2:30 PM the following day, with breaks between 9:30 AM and 10 AM, 2:30 PM and 3:15 PM, and 5:30 PM and 6:00 PM.