Currently, there are thirty-eight emissions products (the “Green products”) listed on the New York Mercantile Exchange, Inc. (“NYMEX”) Designated Contract Market (“DCM” or “Exchange”).
Recently, Green Exchange LLC (“GreenX”) received a license to operate as a DCM by the U.S. Commodity Futures Trading Commission (“CFTC”). As GreenX recently announced, on the trade date of Monday, January 24, 2011, the existing Green products will be de-listed from trading on the NYMEX Exchange and listed for trading on the GreenX Exchange (the “Transition”). (The GreenX press release regarding the Transition is available at http://www.thegreenx.com/news/articles/09-30-2010.html.)
Under the Transition, the Green products – which will continue to be listed on the NYMEX Exchange through the end of day on Friday, January 21 – will be listed on the new GreenX Exchange as of Sunday night, January 23, for trade date Monday, January 24. After this date, the Green products will only be available for trading on the GreenX Exchange.
Following the Transition, the Green products will, without interruption, continue to be available for trading via CME Globex and for submission for clearing via CME ClearPort services.
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