Nymex Holdings Inc., the parent company of the New York Mercantile Exchange Inc. (Nymex), said Tuesday that average daily volume for the first quarter 2007 was 1.512 million contracts per day, a 40% increase from the same period a year ago. Total volume was 92.210 million contracts for the first quarter. Nymex reported that volume of its contracts on the Chicago Mercantile Exchange‘s (CME) Globex electronic trading platform for the first quarter 2007 was 597,000 contracts per day and represented a 485% increase over the first quarter 2006 electronic volume on Nymex Access, which Globex ended up replacing. As another indicator that volume is migrating from the floor to Globex, Nymex floor-traded average daily volume was 330,000 contracts per day, a decrease of 39% from the first quarter 2006. March highlights for the company included average daily volume of 1.372 million contracts per day, a 44% increase from 956,000 per day in the same period of 2006. Nymex electronic volume during the month on the CME Globex electronic trading platform was 567,000 contracts per day and represented a 473% increase over the March 2006 electronic volume on Nymex Access. Nymex floor volume averaged 267,000 contracts per day, a decrease of 46% from March 2006.
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