11/13/2007
Holiday |
Date |
NYMEX/COMEX Trading Floors |
Electronic Markets (CME Globex®,
NYMEX ClearPort® Clearing, NYMEX ClearPort® Trading) |
| Thanksgiving | Wed., 11/21 |
Normal Hours |
Normal Hours. Markets open until 5:15 PM; resume trading at 6:00 PM. |
Thurs., 11/22 |
Closed |
Normal Hours. Markets open until 5:15 PM; resume trading at 6:00 PM (All for 11/23 trade date) | |
Fri., 11/23 |
Early Close: COMEX 12:30 PM; NYMEX 1:30 PM |
Normal Hours. Markets open until 5:15 PM; resume trading at 6:00 PM. | |
| Christmas | Mon., 12/24 |
Early Close: COMEX 12:30 PM; NYMEX 1:30 PM |
Electronic markets open until 5:15 PM. No overnight session. |
Tues., 12/25 |
Closed |
Electronic markets closed for the holidays; begin trading at 6:00 PM for the 12/26 trade date. | |
| New Year's | Mon., 12/31 |
Normal Hours |
Electronic markets open until 5:15 PM. No overnight session. |
Tues., 1/1 |
Closed |
Electronic markets closed for the holidays; begin trading at 6:00 PM for the 1/2 trade date. |
The complete trading and processing schedules for the Thanksgiving, Christmas, and New Years Holidays are as follows (All Times Eastern):
Thanksgiving Holiday Schedule
Wednesday, November 21, 2007
- Normal Floor Closing – all products (NYMEX/COMEX). Not an early closing day
- NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (incl. DME Direct) open until 5:15 PM (November 21 Trade Date)
- NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (DME Direct) all re-open for trading/trade submission at 6:00 PM (November 23 Trade Date.)
- Day/Session orders entered on CME Globex® or on DME Direct on NYMEX ClearPort® Trading are for the November 23 Trade Date and will continue working until Friday’s Close at 5:15 PM EST
- Large Trader Reporting (DME) for the November 21 Trade Date for any Clearing Members holding DME positions due by Midnight Wednesday night/Thursday morning.
- DME Intraday Settlement Price (OSP) to be published at normal time
of 3:30 AM Eastern for November 22nd Calendar Date. No Post-close settlement
will be published
- NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (DME Direct) all open for trading/trade submission until trading halt at 5:15 PM (November 23 Trade Date)
- Day/Session orders entered on CME Globex® or on DME Direct on NYMEX ClearPort® Trading are for the November 23 Trade Date and will continue working until Friday’s Close at 5:15 PM EST
- NYMEX Softs TAS Products (CJT, KTT, TTT, YOT) unavailable for trading on CME Globex®. All other TAS products follow normal schedule
- NYMEX/COMEX Trading Floors closed
- NYMEX TMS up/available for Trade Management for November 23 Trade Date
- NYMEX Cleared Trades API will be available
- Markets will not be settled and final settlements will not be published, as November 22 is not a Trade Date or Processing Date
- NYMEX Intraday files will not be produced, no clearing will occur, no clearing functionality will be available
- Daily SPAN and Erosion (NERC Holiday) files will not be produced
- Options can not be exercised
- There will not be any allocation of Energy and Metal Deliveries or Delivery Notices and related forms will not be accepted
- First normal intraday file generated on calendar date November 23
will contain trades from calendar date November 22 (as all trades are for November
23rd trade date)
- NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (DME Direct) all re-open for trading/trade submission at 6:00 PM (November 23 Trade Date)
- Early Floor Closing – all products (NYMEX 1:30 PM/COMEX 12:30 PM; See complete schedule below)
- NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (DME Direct) all open for trading/trade submission until close at 5:15 PM (November 23 Trade Date)
- NYMEX Energy TAS products (CLT, NGT, RBT, HOT, RET, LUT, LRT) close at 1:30 PM on CME Globex®. NYMEX Softs TAS Products (CJT, KTT, TTT, YOT) unavailable for trading. NYMEX Brent TAS products (BZT, BBT) follow normal schedule
- Banking for November 21st clearing cycle will occur
- Large Trader Reporting (NYMEX/COMEX) for November 21st trade date for any Clearing Members not holding DME positions due by 8:00 AM
- Normal Erosion for Electricity products will occur. Since November 22 is a NERC holiday, "Double Erosion" is not necessary
- All normal clearing and trade management functionality will be available
Monday, December 24, 2007 (Christmas Eve)
- Early Floor Closing all products (NYMEX 1:30 PM/COMEX 12:30 PM; See complete schedule below)
- NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (incl. DME Direct) open until 5:15 PM. Electronic markets will not reopen for overnight session
- NYMEX Energy TAS products (CLT, NGT, RBT, HOT, RET, LUT, LRT) close
at 1:30 PM on CME Globex®. All other TAS products follow normal schedule
- Large Trader Reporting (DME) for the December 24 Trade Date for any Clearing Members holding DME positions due by Midnight Monday night/Tuesday morning
- No DME Intraday Settlement Price (OSP) or Post-close settlement will
be published
- NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort® Trading (DME Direct) all closed during daytime trading hours
- NYMEX/COMEX Trading Floors closed
- No clearing functionality will be available
- NYMEX/COMEX products on CME Globex, NYMEX ClearPort Clearing, and NYMEX ClearPort Trading (DME Direct) all open for trading/trade submission at 6:00 PM (December 26 Trade Date)
- Normal schedule resumes for all systems and products
- Banking for December 24 clearing cycle will occur
- Large Trader Reporting (NYMEX/COMEX) for December 24 Trade Date for any Clearing Members not holding DME positions due by 8:00 AM
- Normal Erosion for Electricity products will occur. Since December 25 is a NERC holiday, "Double Erosion" is not necessary
Monday, December 31, 2007 (New Years Eve)
- Normal Floor Closing – all products (NYMEX/COMEX). Not an early closing day
- NYMEX/COMEX products on CME Globex, NYMEX ClearPort Clearing, and NYMEX ClearPort Trading (incl. DME Direct) open until 5:15 PM. Electronic markets will not reopen for overnight session
- NYMEX Brent TAS products (BZT, BBT) close at 1:00 PM on CME Globex.
All other TAS products follow normal schedule
- Large Trader Reporting (DME) for the December 31 Trade Date for any Clearing Members holding DME positions due by Midnight Monday night/Tuesday morning.
- No DME Intraday Settlement Price (OSP) or Post-close settlement will
be published.
- NYMEX/COMEX products on CME Globex, NYMEX ClearPort Clearing, and NYMEX ClearPort Trading (DME Direct) all closed during daytime trading hours
- NYMEX/COMEX Trading Floors closed
- No clearing functionality will be available
- NYMEX/COMEX products on CME Globex®, NYMEX ClearPort® Clearing, and NYMEX ClearPort Trading (DME Direct) all open for trading/trade submission at 6:00 PM (January 2 Trade Date)
- Normal schedule resumes for all systems and products
- Banking for December 31 clearing cycle will occur
- Large Trader Reporting (NYMEX/COMEX) for December 31 Trade Date for any Clearing Members not holding DME positions due by 8:00 AM
- Normal Erosion for Electricity products will occur. Since January 1 is a NERC holiday, "Double Erosion" is not necessary
Please be advised that the Exchange will close trading floor markets earlier on Friday, November 23rd (the business day after Thanksgiving) and Monday, December 24, 2007 (Christmas Eve). The following early contract closing schedule will be implemented:
NYMEX DIVISION
| Commodity | Closing Range |
Closing Range |
November 23, 2007 |
December 24, 2007 |
|
| Palladium Futures | 11:58 AM – 12:00 noon |
11:58 AM – 12:00 noon |
| Platinum Futures and Options | 12:03 PM – 12:05 PM |
12:03 PM – 12:05 PM |
| Propane Futures | 12:08 PM – 12:10 PM |
12:08 PM – 12:10 PM |
| Heating Oil Futures and Options | 1:28 PM – 1:30 PM |
1:28 PM – 1:30 PM |
| New York Harbor RBOB Gasoline Futures & Options | 1:28 PM – 1:30 PM |
1:28 PM – 1:30 PM |
| WTI Crude Oil Futures and Options | 1:28 PM – 1:30 PM |
1:28 PM – 1:30 PM |
| Henry Hub Natural Gas Futures and Options | 1:28 PM – 1:30 PM |
1:28 PM – 1:30 PM |
| New York Harbor RBOB Gasoline Futures & Options | 1:28 PM – 1:30 PM |
1:28 PM – 1:30 PM |
| Calendar Spread Options | 1:28 PM – 1:30 PM |
1:28 PM – 1:30 PM |
| Average Price Options (APO) | 1:28 PM – 1:30 PM |
1:28 PM – 1:30 PM |
COMEX DIVISION
| Commodity | Closing Range |
Closing Range |
November 23, 2007 |
December 24, 2007 |
|
| Aluminum Futures and Options | 12:14 AM – 12:15 PM |
12:14 AM – 12:15 PM |
| Copper Futures and Options | 11:59 AM – 12:00 noon |
11:59 AM – 12:00 noon |
| Silver Futures and Options | 12:24 PM – 12:25 PM |
12:24 PM – 12:25 PM |
| Gold Futures and Options | 12:29 PM – 12:30 PM |
12:29 PM – 12:30 PM |
The NYMEX and COMEX Trade Processing Areas will close at 3:30 PM. The COMEX Division will accept C.M. EFPs until 3:30 PM. The allocation system within TMS for both divisions will be available until 5:15 PM. For questions or issues with NYMEX electronic markets (including NYMEX ClearPort® Clearing), please contact NYMEX Customer Service at 1-800-438-8625 or custcare@nymex.com, or the NYMEX Marketing Hotline at 212-299-2301.
For issues with CME Globex®, please contact the CME Globex® Control Center at 312-456-2391.