11/18/2005
The Brent Crude Oil Futures (SC) and NYMEX Northwest Europe Gasoil Futures (GR) will be available for trading on both days. However, because Thursday and Friday are not otherwise regular business days in New York, consistent with recent practice, the Exchange will not generate new settlement prices for these trade dates but instead will use the Exchange's settlement prices for Wednesday, November 23, 2005.
Below please find NYMEX operational details for Thursday, November 24 and Friday, November 25, 2005:
- NYMEX ACCESS® will not be open for Thursday and Friday trade days. It will open at 7:00 PM Sunday night for Monday, November 28th, business day.
- The extended COMEX-only trading session on NYMEX ACCESS® will occur on Wednesday, November 23, 2005 from 2:00 pm until 4:30 PM.
- 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 both days.
- 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 Thursday or Friday.
- The Exchange will allow Clearing Members to perform adjustments for any commodity.
- Open interest will be disseminated for NYMEX products only.
- The usual fact sheets will be created both days.
- Position Change Statements (PCSs) will be accepted both days up to 1 hour after the London close (which will be at 1:00 PM NY time and 6:00 PM London time.
- Large trader submission also will be performed both days.
- 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 Thursday, November 24 is not a PJM PEAK day, PJM erosions will not occur.
- Friday, November 25 is the PJM erosion processing day. NYMEX will supply the PJM erosion file on Friday.
- MDR files will be transmitted in the normal fashion.