Notice to Members
Notice No. 369 10/07/2004
Exchange to move PJM monthly electricity futures to NYMEX ClearPort(sm)
The New York Mercantile Exchange, Inc., board of directors last night voted to move daytime trading of its financially settled PJM monthly electricity futures contract to its NYMEX ClearPortsm system from the trading floor on November 1. Currently, the contract is traded on the system overnight and during the contract month as the unit diminishes day-by-day as part of the expiration process. In addition, the Exchange’s weekly and daily PJM futures contracts are already traded during the same hours on NYMEX ClearPortsm. Three New York Independent System Operator (NYISO) electricity futures contracts and four Dow Jones electricity index futures contracts are also traded on NYMEX ClearPortsm. Physically delivered PJM, Palo Verde, and Mid-Columbia electricity futures are offered solely for clearing through NYMEX ClearPortsm.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com