NYMEX Announces Trading and Processing Schedule for Upcoming Holidays
November 13 2007 - 3:59PM
PR Newswire (US)
NEW YORK, Nov. 13 /PRNewswire/ -- New York Mercantile Exchange,
Inc., today announced a complete trading and processing schedule
for Thanksgiving, Christmas, and New Year's Eve 2007 and New Year's
Day 2008 (all in Eastern time): Thanksgiving Holiday Schedule
Wednesday, November 21 -- Normal floor closing for all NYMEX and
COMEX products (Not an early closing day). -- NYMEX/COMEX products
on CME Globex(R), NYMEX ClearPort(R) trading and clearing,
including DME Direct, will be open until 5:15 PM (for November 21
trade date). -- NYMEX/COMEX products on CME Globex, NYMEX
ClearPort, and DME Direct) will re-open for trading/trade
submission at 6:00 PM (for November 23 trade date). -- Large trader
reporting for DME for the November 21 trade date for any clearing
members holding DME positions will be due by midnight. Thursday,
November 22 (Thanksgiving Day) -- DME intraday settlement price to
be published at normal time of 4:30 AM for November 22 calendar
date. No post-close settlement will be published. -- NYMEX/COMEX
products on CME Globex, NYMEX ClearPort, and DME Direct will be
open for trading/trade submission until 5:15 PM (for November 23
trade date). -- NYMEX Softs TAS products (CJT, KTT, TTT, YOT) will
be unavailable for trading on CME Globex. All other TAS products
will follow the normal schedule. -- NYMEX/COMEX trading floors will
be closed. -- NYMEX cleared trades API will be available. --
Markets will not be settled and final settlements will not be
published, as November 22 is not a trade date or processing date.
-- NYMEX intraday files will not be produced, no clearing will
occur, and no clearing functionality will be available. -- Daily
SPAN and erosion (NERC Holiday) files will not be produced. --
Options can not be exercised. -- There will not be any allocation
of energy and metal deliveries or delivery notices and related
forms will not be accepted. -- First normal intraday file generated
on calendar date November 23 will contain trades from calendar date
November 22. -- NYMEX/COMEX products on CME Globex, NYMEX
ClearPort, and DME Direct will re-open for trading/trade submission
at 6:00 PM (for November 23 trade date). Friday, November 23 --
Early floor closing for all products (NYMEX 1:30 PM/COMEX 12:30
PM). -- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and
DME Direct will open for trading/trade submission until 5:15 PM
(for November 23 trade date). -- NYMEX energy TAS products (CLT,
NGT, RBT, HOT, RET, LUT, LRT) close at 1:30 PM on CME Globex. NYMEX
Softs TAS products (CJT, KTT, TTT, YOT) will not be available for
trading. NYMEX Brent TAS products (BZT, BBT) will follow the normal
schedule. -- Banking for November 21 clearing cycle will occur. --
Large trader reporting for November 21 trade date for any clearing
members not holding DME positions due by 8:00 AM. -- Normal erosion
for electricity products will occur. Since November 22 is a NERC
holiday, "double erosion" is not necessary. -- All normal clearing
and trade management functionality will be available. Christmas
Holiday Schedule Monday, December 24 (Christmas Eve) -- Early floor
closing for all products (NYMEX 1:30 PM/COMEX 12:30 PM). --
NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct
will be open until 5:15 PM. Electronic markets will not reopen for
overnight session. -- NYMEX energy TAS products (CLT, NGT, RBT,
HOT, RET, LUT, LRT) close at 1:30 PM on CME Globex. All other TAS
products follow normal schedule. -- Large trader reporting for DME
for the December 24 trade date will be due by midnight for any
clearing members holding DME positions. Tuesday, December 25
(Christmas Day) -- No DME intraday settlement price or post-close
settlement will be published. -- NYMEX/COMEX products on CME
Globex, NYMEX ClearPort, and DME Direct will be closed. --
NYMEX/COMEX trading floors will be closed. -- No clearing
functionality will be available. -- NYMEX/COMEX products on CME
Globex, NYMEX ClearPort, and DME Direct will open for trading/trade
submission at 6:00 PM (for December 26 trade date). Wednesday,
December 26, 2007 -- Normal schedule resumes for all systems and
products. -- Banking for December 24 clearing cycle will occur. --
Large trader reporting (NYMEX/COMEX) for December 24 trade date
will be due by 8:00 AM for any clearing members not holding DME
positions. -- Normal erosion for electricity products will occur.
Since December 25 is a NERC holiday, "double erosion" is not
necessary. New Years Holiday Schedule Monday, December 31 (New
Years Eve) -- Normal floor closing for all NYMEX and COMEX products
(Not an early closing day). -- NYMEX/COMEX products on CME Globex,
NYMEX ClearPort, and DME Direct will be open until 5:15 PM.
Electronic markets will not reopen for overnight session. -- NYMEX
Brent TAS products (BZT, BBT) close at 1:00 PM on CME Globex. All
other TAS products will follow the normal schedule. -- Large trader
reporting for DME for the December 31 trade date will be due by
midnight for any clearing members holding DME positions. Tuesday,
January 1 (New Years Day) -- No DME intraday settlement price or
post-close settlement will be published. -- NYMEX/COMEX products on
CME Globex, NYMEX ClearPort, and DME Direct will be closed. --
NYMEX/COMEX trading floors will be closed. -- No clearing
functionality will be available. -- NYMEX/COMEX products on CME
Globex, NYMEX ClearPort, and DME Direct will open for trading/trade
submission at 6:00 PM (for January 2 trade date). Wednesday,
January 2 -- Normal schedule resumes for all systems and products.
-- Banking for December 31 clearing cycle will occur. -- Large
trader reporting for December 31 trade date will be due by 8:00 AM
for any clearing members not holding DME positions. -- Normal
erosion for electricity products will occur. Since January 1 is a
NERC holiday, "double erosion" is not necessary. Please note that
the NYMEX and COMEX trading floors will close early on Friday,
November 23 and Monday, December 24. The full schedule by contract
is available on the NYMEX website at http://www.nymex.com/. Forward
Looking and Cautionary Statements This press release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act, with respect to our future
performance, operating results, strategy, and other future events.
Such statements generally include words such as could, can,
anticipate, believe, expect, seek, pursue, and similar words and
terms, in connection with any discussion of future results.
Forward-looking statements involve a number of assumptions, risks,
and uncertainties, any of which may cause actual results to differ
materially from the anticipated, estimated, or projected results
referenced in forward-looking statements. In particular, the
forward-looking statements of NYMEX Holdings, Inc., and its
subsidiaries are subject to the following risks and uncertainties:
the success and timing of new futures contracts and products;
changes in political, economic, or industry conditions; the
unfavorable resolution of material legal proceedings; the impact
and timing of technological changes and the adequacy of
intellectual property protection; the impact of legislative and
regulatory actions, including without limitation, actions by the
Commodity Futures Trading Commission; and terrorist activities and
international hostilities, which may affect the general economy as
well as oil and other commodity markets. We assume no obligation to
update or supplement our forward-looking statements. DATASOURCE:
NYMEX Holdings, Inc. CONTACT: Anu Ahluwalia, +1-212-299-2439, or
Keil Decker, +1-212-299-2209, both of NYMEX Holdings, Inc. Web
site: http://www.nymex.com/
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