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New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX), today announced a complete trading and processing schedule for the Good Friday holiday (all in Eastern time):
Thursday, March 20, 2008
- Normal floor closing for all NYMEX and COMEX products. Not an early closing day.
- NYMEX and COMEX products on CME Globex® and NYMEX ClearPort®, including DME Direct, open until 5:15 PM for the March 20 trade date.
- The NYMEX trading systems and the NYMEX and COMEX products on CME Globex will not reopen at 6:00 PM and will remain closed until Sunday, March 23 for the March 24 trade date.
- Large trader reporting for any clearing members holding DME positions for the March 20 trade date are due by midnight on Friday.
Friday, March 21, 2008 (Good Friday)
- NYMEX and COMEX trading floors, NYMEX and COMEX on CME Globex, and NYMEX ClearPort, including DME Direct, will be closed.
- No clearing will occur; no clearing functionality will be available.
- Daily SPAN and erosion files will not be produced.
- Options cannot be exercised.
- There will not be any allocation of energy and metal deliveries or delivery notices, and related forms will not be accepted.
Sunday, March 23, 2008
- Normal trading schedule resumes.
- NYMEX and COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will re-open for trading and trade submission at 6:00 PM for the March 24 trade date.
Monday, March 24, 2008
- Banking for March 20 clearing cycle will occur.
- Large trader reporting for NYMEX and COMEX) for the March 20 trade date for any clearing members not holding DME positions are due by 8:00 AM.
- "Double erosion" will occur to account for the March 21 peak day (not a NERC holiday). Two erosion files will be produced.
The full NYMEX 2008 holiday schedule can be found at: http://www.nymex.com/holida_schedu.aspx
