Electronic trading during open outcry hours is expected to launch during the second quarter of 2006.
Exchange President James E. Newsome said, “Last year, NYMEX committed to aggressive investments in technology with the intention of expanding its successful existing product lines. With the volume records we have seen on the NYMEX ClearPort® system, particularly in the NYMEX miNY® futures contracts, we believe that electronic trading of our full-sized, floor-traded contracts will be the perfect complement to our robust and liquid open outcry markets. We are confident that this will benefit not only our customers but also the entire energy marketplace.”
