Market Data Advisory Notices
To | Quote Vendors
From | Market Data Operations
Subject | NYMEX Trading and Processing Schedule for Labor Day Holiday
Notice Date | 2008-08-25
Notice Number | Q2008-170
Effective Date | 2008-08-27
NYMEX issued the following announcement on Monday, August 25, 2008:
To: All NYMEX Market Data Vendors From: Market Data Services Subject: Trading and Processing Schedule for Labor Day Holiday The complete trading and processing schedule for August 29 through September 2, 2008 is as follows (All Times Eastern): Friday August 29, 2008 Normal Floor Closing all products (NYMEX/COMEX); Not an early closing day. NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (incl. DME Direct) open until 5:15 PM (August 29 Trade Date.) Large Trader Reporting (DME) for the August 29 trade date for any Clearing Members holding DME positions due by Midnight Friday night/Saturday morning. Sunday August 31, 2008 NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (incl. DME Direct) all open for trading/trade submission at 6:00 PM (September 2 Trade Date.) Day/Session orders entered on CME Globex® or on DME Direct on NYMEX ClearPort® Trading are for the September 2 Trade Date and will continue working until Tuesday’s Close at 5:15 PM EST. Monday September 1, 2008 (Labor Day) DME Intraday Settlement Price (OSP) to be published at normal time of 4:30 AM Eastern for September 1 Calendar Date. No Post-close settlement to be published. NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (DME Direct) all open for trading/trade submission until trading halt at 5:15 PM (September 2 Trade Date.) Day/Session orders entered on CME Globex® or on DME Direct on NYMEX ClearPort® Trading are for the September 2 Trade Date and will continue working until Tuesday’s Close at 5:15 PM EST. NYMEX TAS products on CME Globex® will be available for trading for the September 2 Trade Date. NYMEX/COMEX Trading Floors closed. NYMEX TMS up/available for Trade Management for September 2 Trade Date. NYMEX Cleared Trades API will be available Markets will not be settled and settlements will not be published, as September 1 is not a Trade Date or Processing Date. NYMEX Intraday files will not be produced, no clearing will occur, no clearing functionality will be available. Daily SPAN and Erosion (NERC Holiday) files will not be produced. Options cannot be exercised. There will not be any allocation of Energy and Metal Deliveries or Delivery Notices and related forms will not be accepted. First normal intraday file generated on calendar date September 2 will contain trades from calendar date September 1 (as all trades are for September 2 trade date.) NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (DME Direct) all re-open for trading/trade submission at 6:00 PM (September 2 Trade Date.) Tuesday September 2, 2008 Normal schedule resumes. Banking for August 29rd clearing cycle will occur. Large Trader Reporting (NYMEX/COMEX) for August 29 trade date for any Clearing Members not holding DME positions due by 8:00 AM. Normal Erosion for Electricity products will occur. Since September 1 is a NERC holiday, “Double Erosion” is not necessary. If you experience any NYMEX issues, please contact NYMEX Customer Service at 1-800-438-8616 or custcare@nymex.com. If you experience any Globex® issues, please contact the CME Globex® Control Center at 318-456-2391. The full NYMEX 2008 Holiday Schedule can be found at: http://www.nymex.com/holida_schedu.aspx