Notice to Members
Notice No. 258
06/28/2005
Shortened Trading Hours at NYMEX Europe Facility on July 1 and July 4; NYMEX Operational Details for July 4, 2005
Please be advised that Dublin trading floor will be open for business on Monday July 4, 2005.

However, the NYMEX Europe Facility will close earlier than usual at 1:00 PM New York time (6:00 PM Dublin time) on Friday, July 1 and on Monday, July 4, 2005.

The Brent Crude Oil Futures (SC) and NYMEX Northwest Europe Gasoil Futures (GR) will be available for trading on both days. However, because Monday is not otherwise a regular business day in New York, consistent with recent practice, the Exchange will not generate new settlement prices for that trade date but instead will use the Exchange's settlement prices for Friday, July 1, 2005.

Below please find NYMEX operational details for Monday, July 4, 2005:
  • The Light Sweet Crude ("WTI") Brent futures spread will not be available for trading.

  • NYMEX ACCESS® will not be open for Monday trade day. It will open at 7:00 PM Monday night for Tuesday, July 5th, business day.

  • The Exchange is not offering trading in any other markets.

  • Brent Crude Oil trades and Gasoil trades will be processed in the normal manner on Monday.

  • All pertinent trade files, SPAN files and Clearing Member Download Site reports will be made available at the normally scheduled times.

  • Intra-day trade transmissions will be run in the normal fashion.

  • CM download functionality will be available.

  • The Exchange will not perform any banking on Monday.

  • The Exchange will allow Clearing Members to perform adjustments for any commodity on Monday.

  • Open interest will be disseminated for NYMEX products only.

  • The usual fact sheets will be created on Monday.

  • Position Change Statements (PCSs) will be accepted on Monday up to 1 hour after the Dublin close (which will be at 1:00 PM NY time and 6:00 PM Dublin time.

  • Large trader submission also will be performed on Monday.

  • Trade transfers will be performed manually for each day that the CMs were not able to perform transfers during the holiday days. Clearing Members can either ask the Clearing House to perform their transfers OR they can perform position transfers in lieu of trade transfers.

  • Since Monday, July 4 is not a PJM PEAK day, PJM erosions will not occur.

  • MDR files will be transmitted in the normal fashion.

  • The NYMEX.com Corporate website will be updated daily with settlement prices, highs, lows and change values.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com