• NYMEX and LCH.Clearnet Launching Global Energy Products on CME Globex- Coming This Summer--Updated Information

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      • Quote Vendors
      • From
      • Market Data Operations
      • #
      • Q2008-121
      • Notice Date
      • 19 June 2008
      • Effective Date
      • 19 June 2008
    •  
      This summer, NYMEX and LCH.Clearnet are launching a broad range of global energy products for trading on the CME Globex platform. These product offerings are comprised of OTC and futures products for clearing through LCH.Clearnet through two new exchanges: NYMEX ECM and NYMEX MTF. Initially, these offerings will include the global benchmark oil contracts, including WTI, Brent and Gasoil, as well as key natural gas and electricity contracts. These products will be cleared by LCH.Clearnet using existing and widely distributed clearing technology, thus optimizing operational efficiencies for market participants.
       
      This historic alliance will deliver improved capital and operational efficiencies through wider execution capabilities, broader credit intermediation and margining benefits for customers and market participants.
       
      Additional information is available at http://www.nymexonlchclearnet.com/
       
      Important note: The NYMEX ECM contracts require development to support trading of these unique products. Detailed development information is available in the NYMEX ECM and NYMEX MTF Products on CME Globex Client Impact Assessment document. The complete list of new NYMEX ECM and NYMEX MTF products is available in the Snapshot.
       
      Market Data Channel Information
       
      Market data for these products will be transmitted via Channel 27 for ITC 2.1 and via Channel 26 for RLC format market data.
       
      Ticker Testing and Mock Trading Updated Information
       
      The previously scheduled ticker test and mock trading have been postponed until further notice. Additional information will be forthcoming in future Market Data Notices.