The New York Mercantile Exchange Inc. (Nymex) said Thursday that it is migrating its after-hours energy futures contracts from Nymex Access, the exchange’s after-hours electronic trading system, to the Chicago Mercantile Exchange’s (CME) Globex electronic trading platform, which operates virtually 24 hours each trading day, beginning on August 6 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. “Nymex is continuing on-track with its phased plan to create a more liquid and robust energy trading model with the renowned CME Globex technology,” said Nymex CEO James E. Newsome. The launch of Nymex products on the CME Globex platform took place early last month (see Daily GPI, June 12). “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 CEO Craig Donohue. “CME Globex provides transparency, reliability and increased transaction speed to deliver the deep pools of liquidity that customers demand.”

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