06/20/2008
It is important to note for this holiday processing that any trade execution reports and market data sent from CME Globex® on July 4 will carry a trade date of July 4. However, since July 4 is not a NYMEX trade date, NYMEX will convert the trade date on those trades for clearing to July 7, as would be standard for NYMEX holidays in which electronic trading is available. Any attempt to reconcile trade reports from Globex with clearing data from NYMEX must take this into account.
The complete trading and processing schedule for July 3-7, 2008 is as follows below (All Times Eastern).
Thursday, July 3, 2008
- 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
- NYMEX/COMEX products on CME Globex, NYMEX ClearPort Clearing, and NYMEX ClearPort Trading (incl. DME Direct) all reopen for trading/trade submission at 6:00 PM (See July 4 below for trade date details.)
- Day/Session orders entered on CME Globex are for the July 4th calendar date and will only work until Friday’s Close at 5:15 PM EST. Day/Session orders desired for the for the July 7th trade date will need to be reentered on Sunday July 6.
- Day/Session orders entered on NYMEX ClearPort Trading are for the July 7 Trade Date.
- Large Trader Reporting (DME) for the July 3 trade date for any Clearing Members holding DME positions due by Midnight Thursday night/Friday morning.
- DME Intraday Settlement Price (OSP) to be published at normal time of 4:30 AM Eastern for the July 4 Calendar Date. No Post-close settlement to 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.
- Execution reports and market data (MDP and FIX/FAST) sent from CME Globex will carry a trade date of July 4th. However, NYMEX Clearing/TMS will override this date to clear those trades with a July 7 trade date.
- Day/Session orders entered on CME Globex are for the July 4th calendar date and will only work until Friday’s Close at 5:15 PM EST. Day/Session orders desired for the for the July 7th trade date will need to be reentered on Sunday July 6 or Monday July 7.
- Execution reports and market data (FIX/ITC 2.1) sent from NYMEX ClearPort® Trading (DME Direct) and Block trades price reported from NYMEX ClearPort Clearing will carry a trade date of July 7.
- Day/Session orders entered on NYMEX ClearPort Trading are for the July 7 Trade Date.
- NYMEX TAS products on CME Globex will be available for trading for the July 7 Trade Date.
- NYMEX/COMEX Trading Floors closed.
- NYMEX TMS up/available for Trade Management for July 7 Trade Date.
- NYMEX Cleared Trades API will be available
- Markets will not be settled and settlements, open interest, and volume messages will not be published, as July 4 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 cannot 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 July 7 will contain trades from calendar date July 4 (as all trades are for the July 7 trade date.)
- Normal schedule resumes.
- 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 (July 7 Trade Date.)
- Banking for July 3th clearing cycle will occur.
- First normal intraday file generated on calendar date July 7 will contain trades from calendar date July 4.
- Large Trader Reporting (NYMEX/COMEX) for July 3th trade date for any Clearing Members not holding DME positions due by 8:00 AM.
- Normal Erosion for Electricity products will occur. Since July 4 is a NERC holiday, "Double Erosion" is not necessary.
If you experience any Globex® issues, please contact the CME Globex® Control Center at 312-456-2391.
The full NYMEX 2008 Holiday Schedule can be found at: http://www.nymex.com/holida_schedu.aspx