The New York Mercantile Exchange Inc. (Nymex) announced that beginning on Monday it will expand block trading and exchange of futures for swaps (EFS) to include its core energy futures contracts. Additionally, trading at settlement (TAS) will be expanded on the floor and electronically. Block trades will be available with a minimum quantity of 200 contracts for crude oil futures, and 100 contracts for natural gas, heating oil and gasoline futures. Block trades may be submitted on the trading floor or by fax to the Nymex facilitation desk, if registered for Nymex ClearPort. An additional fee of $1.50 per lot per side will apply. EFS will be available for crude oil and heating oil futures, as is currently available for natural gas and gasoline futures contracts. Nymex said submission will be expanded beyond the trading floor to include Nymex ClearPort. A fee of $2.50 per lot per side will apply. TAS will expand to include the third nearby trading month for all eligible energy contracts on the Nymex trading floor and on the CME Globex electronic trading platform.
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