Notice to Members
Notice No. 107 04/17/2002
Exchange President Commends EIA On Decision To Announce Storage Data During Open Outcry Trading Hours
J. Robert Collins, Jr., president of the New York Mercantile Exchange, today commended the Energy Information Administration (EIA) for its decision to release weekly natural gas storage data earlier on Thursdays at 10:30 AM, coinciding with open outcry trading hours. The American Gas Association (AGA) currently releases the weekly estimates of natural gas in underground storage for the United States and three regions of the country every Wednesday at approximately 2 PM. The EIA will assume responsibility for the surveys, beginning on May 9. The Exchange had previously expressed concern over indications that the EIA was considering releasing "this critical market information" outside of open outcry trading hours. Mr. Collins said, "We applaud this Administration's commitment to the highest standards of market transparency and efficiency. This decision enhances the current energy policy of fairness and equal access for all market participants."
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