Penultimate

The New York Mercantile Exchange Inc. (Nymex) said it plans to expand the listing of consecutive contract months for its natural gas (NG), natural gas swap (NN), and natural gas penultimate swap (NP) futures contracts to the current year plus the next 12 years through December 2020. The contracts are currently listed for the current contract year plus five additional years. “Nymex is providing market participants with unprecedented risk management opportunities,” said Nymex CEO James E. Newsome. “No other energy exchange gives their customers the ability to trade so far out on the curve. We are gratified to provide innovative solutions to help the industry hedge its risk more than a decade into the future.”