NYMEX Europe Limited To Offer Full Electronic Trading

The board of directors of NYMEX Europe has voted to offer its Brent crude oil and Northwest gasoil futures contracts solely for electronic trading on CME Globex® beginning on June 11, for trade June 12. It is anticipated that the open outcry trading floor will close on June 9.

The final settlement price for the NYMEX Europe Brent crude oil futures contract will converge with the ICE Brent Index at the conclusion of trading. These changes are subject to final regulatory discussions with the Financial Services Authority.