Changes in the NYMEX emiNY's

Discussion in 'Financial Futures' started by janderson3, Dec 15, 2005.

  1. I just noticed that the NYMEX is reducing the size of the miNY Natural Gas as well as adding 2 new contracts: miNY Unleaded and miNY Heating Oil. This seems like a positive development from the NYMEX, maybe they are deciding to focus somewhat more on retail traders and their electronic offerings. Now if they would just offer more expirations than just the front month on these contracts as well as offering options, I would really be excited.

    Exchange to Reduce Size of NYMEX miNYTM Natural Gas Futures Contracts

    NEW YORK, N.Y., December 5, 2005 — The New York Mercantile Exchange, Inc., announced today that it will reduce the size of its NYMEX miNYTM natural gas futures, beginning with the February 2006 contract.

    The contract will be reduced from 5,000 million British thermal units (mmBtu) to 2,500 mmBtus. The January 2006 NYMEX miNYTM natural gas futures contract (5,000 mmBtus) will expire on December 27, at 2:30 PM New York time. The February 2006 contract (2,500 mmBtus) will be listed for trading on December 27, at 3:15 PM New York time, for the trade date of December 28.

    Exchange to Introduce Two New NYMEX miNYTM Contracts

    New York, N.Y., December 12, 2005 —The New York Mercantile Exchange, Inc., today announced that it will introduce two new NYMEX miNYTMfutures contracts on NYMEX ClearPort® trading, beginning on January 16,, 2006, for trade date January 17.

    The new contracts and their commodity codes are NYMEX miNYTMgasoline futures (QU) and NYMEX miNYTM heating oil futures (QH). The contracts will be one–half the size of the floor traded contracts or 21,000 gallons. The minimum price fluctuation will be $0.002 per gallon or $42.00 per tick.