The New York Mercantile Exchange metals futures and options markets and the New York Board of Trade coffee, Sugar No. 14, ethanol, cocoa, FCOJ, and financial markets will open on time and observe moments of silence at 8:46 AM, 9:03 AM, 9:59 AM, and 10:29 AM marking the times that each building was hit by a plane and that each of them collapsed. The markets will remain closed for an additional 30 minutes after the final minute of silence, in memory of each of the former members, staff and clerks affiliated with the two exchanges who died that day, and will reopen at 11:00 AM. Trading and clearing on the New York Mercantile Exchange electronic systems will be closed during the same periods.
Open outcry trading in the New York Mercantile Exchange energy futures and options markets and the New York Board of Trade cotton and Sugar No. 11 futures and options markets will not open at their regular times, but instead will have a delayed openings, energy at 11:00 AM, cotton pre-open at 11:00 AM (with the opening at 11:05 AM), and a Sugar No. 11 delayed opening until 9:05 AM.
The individuals who will be memorialized include:
Steven Furman (former member of the NYMEX Division of the New York Mercantile Exchange)
Dennis Foo (member of COMEX Division of the New York Mercantile Exchange and CSCE Division of the New York Board of Trade)
Doug Gardner (member of NYCE Divison)
Joseph Heller (COMEX Division Member)
Joseph Holland (NYMEX Division member)
Robert Hussa (former COMEX Division member)
Joseph Kellett (NYMEX Division Member)
Neil Leavy (former COMEX Division member)
James McAlary, Jr. (NYMEX Division member)
Thomas McGinnis (NYMEX Division member)
Mark Motroni (member of NYMEX and CSCE Divisions)
David Nelson (COMEX Division member)
Edward Oliver (NYMEX Division member)
Robert O’Shea (NYMEX Division member)
Patrick O’Shea (member of NYCE Division of the New York Board of Trade as well as COMEX and CSCE Divisions)
Mark Petrocelli (NYMEX Division Brent permit holder)
Edward Ryan (former member of NYMEX and COMEX Divisions)
Joseph Shea (NYCE Division member)
Paul Skrzypek (former NYMEX Division member)
Carlton Valvo (former NYMEX Division member)
Elkin Yuen (NYMEX Division member)
Michael Canty (Carr Futures employee)
Christopher Dincuff (Carr Futures employee)
Brendan Dolan (Carr Futures employee)
Karen Klitzman (former New York Mercantile Exchange vice president of research)
Damian Meehan (Carr Futures employee)
Lonny Stone (Carr Futures employee)
Scott Timmes (Carr Futures employee)
Christopher Traina (Carr Futures employee)
Alfred Vukosa (former New York Mercantile Exchange employee)
The New York Mercantile Exchange moved into its headquarters in July 1997. After September 11, the exchange was the first in New York to reopen trading when it launched its web-based NYMEX ACCESS® trading system on September 14, 2001, and the first business to reopen west of Ground Zero, when it resumed floor trading on September 17.
The New York Board of Trade’s trading facilities, back offices, and data center were completely destroyed in the September 11 attack. Because the exchange had established an emergency backup facility after the 1993 bombing of the World Trade Center, its trading floor was the first to re-open on September 17, 2001.
The New York Board of Trade has operated out of the New York Mercantile Exchange building, leasing trading floor and office space, since September 2003.
