The New York Mercantile Exchange, Inc. announced today that it will introduce NYMEX iPort, a suite of energy and metals index futures contracts.
NYMEX iPort products will allow investors to hedge in the NYMEX and COMEX markets using futures indexes. The index products will offer broad sector coverage in a single price and a single trading vehicle.
NYMEX iPort contracts will be available for trading on the NYMEX trading floor and the CME Globex® electronic trading platform and for clearing through NYMEX ClearPort® clearing.
NYMEX President and Chief Executive Officer James E. Newsome said, "NYMEX is pleased to launch this new brand of index portfolio contracts. We believe these contracts will serve as an additional risk management tool for our current customers and as an innovative way to enter the energy markets for new customers."
For more information go to www.nymex.com/iport.
