Overnight Electronic Trading Sets Daily Volume Record On New York Mercantile Exchange

The New York Mercantile Exchange ACCESS® electronic trading system set a total volume and NYMEX Division futures volume record Tuesday night when 27,323 futures and options contracts were traded, surpassing the 26,425 contracts traded during the December 17, 1998, session, and 27,221 NYMEX Division futures contracts were traded, exceeding the 26,425 contrarts also traded during the December 17,1998 session. Exchange President R. Patrick Thompson said, "We are very pleased with the continued success of NYMEX ACCESS®, which gives traders around the clock access to the world's most transparent and liquid trading forum. We are looking forward to further expanding market use of the system when we introduce increased capabilities with the upgraded version of the system that will be launched on November 11.