Globex Advisory Notice
From | John M. Restivo, Associate Director GLOBEX�2 Control Center
Subject | System Update #14 NYMEX Expanded End-Of-Week Post-Close Session
Effective Date | 02/15/01
Notice Number | SU#0114
On Friday, February 16, 2001, NYMEX is expanding their end-of week Post-Close Session for Crude Oil, Natural Gas, Heating Oil, and Unleaded Gasoline. The New York Mercantile Exchange, Inc is offering a ten minute Post-Close Trading Session 20 minutes after the normal close at the end of every week, with the same trading range that occurs during the day�s trading session. At this time Chicago Mercantile Exchange Inc. does not have the means to support this new Post-Close session. The CME stops order entry 5 minutes after a market closes. Any orders sent after the close have been and will remain to be considered (TLMC) Too Late Market Closed, and will NOT be eligible for the Post-Close Session. If you have customers that need to enter Post-Close orders, you will need to phone them into your NYMEX floor desk for execution. We will look into what would be needed for CME to support this change at the NYMEX. If you have any questions regarding this notice please call 312-648-TOPS.