The New York Mercantile Exchange, or Nymex, has announced plans to migrate its after-hours energy futures contracts from Nymex Access, the exchange’s after-hours electronic trading system, to the CME Globex electronic trading platform.
The move to the CME Globex system, which operates virtually 24 hours each trading day, will begin on August 6, ready for trade date August 7.
The migration will include the physically delivered crude oil, natural gas, heating oil, gasoline and propane futures, as well as the platinum and palladium futures contracts, all of which will trade only prior to the opening and following the market close of the Nymex floor.
Providing around the clock access and increasing global distribution of Nymex products via CME Globex will benefit market participants seeking access to the world’s most recognizable energy contracts, said CME chief executive office Craig Donohue. CME Globex provides transparency, reliability and increased transaction speed to deliver the deep pools of liquidity that customers demand.