08/17/2005
A recent Chairman's letter noted that the Board of Directors was studying strategic alternatives and set forth a timetable and process for review of the various possible strategic alternatives. In view of this strategic review, which includes a review of existing technology initiatives, the Exchange has determined that the appropriate course of action at this time is to maintain existing technology arrangements pending conclusion of the strategic initiatives review.
Therefore, the Exchange has determined to maintain the NYMEX miNYsm energy futures contracts on the CME® Globex® electronic trading platform and to defer any major CPT system changes or related migration of these products until further notice. Additional announcements regarding this subject are anticipated to follow in the near future.
On a practical note, the October contract month of the NYMEX miNY crude oil and natural gas contracts accordingly will be listed for trading on the CME® Globex® platform effective 6:00 PM (EST) today.