03/31/2003
Under the terms of the program, any participant who makes a bid or offer that is subsequently accepted will receive payment in lieu of an Exchange fee. For the NYMEX CAPP Coal futures contract, liquidity providers will receive $1.00 and the participant on the other side of the trade will pay an all-inclusive fee of $2.50 per contract.
As The New York Mercantile Exchange, Inc. previously announced it will move its NYMEX Division coal futures contract from open outcry trading to its NYMEX ClearPortsm electronic trading platform starting the afternoon of April 3 for the April 4 trading session. Trading hours will be the same as all other commodities traded on NYMEX ClearPortsm, from 7:00 PM, Sunday, until 2:30 PM the following day and from 3:15 PM, Monday through Thursday, to 2:30 PM the following day. The contract is currently traded via open outcry from 10:30 AM to 2:00 PM Mondays through Fridays.