New York Mercantile Exchange To Introduce NYMEX miNY™ Platinum, Palladium Futures Contracts On CME Globex®

The New York Mercantile Exchange, Inc. today announced that it will introduce two new NYMEX miNY futures contracts on the CME Globex electronic trading platform, beginning on August 6 for trade date August 7.

The new contracts and their commodity codes are: NYMEX miNY platinum futures (PQ) and NYMEX miNY palladium futures (LQ). The NYMEX miNY platinum futures contract will be 10 ounces with a minimum price fluctuation of $0.50; the NYMEX miNY palladium futures contract will be 25 ounces with a minimum price fluctuation of $0.25.

The contracts will be financially settled based upon the settlement prices of the underlying platinum or palladium futures contract. Fees will be $1.00 for non-members and $0.55 for members.