Chicago Mercantile Exchange (CME) and New York Mercantile
Exchange (Nymex) announced an agreement last week that would
allow CME to host Nymex energy contracts on its Globex trading
The deal, which was expected to begin this quarter, would
see the listing of Nymex benchmark and E-miny energy contracts
on Globex. That would include crude oil, natural gas, heating
oil, gasoline and the availability of Nymex's floor-based
products during open outcry trading hours and when the floor is
In the third quarter, all products trading on Nymex Access,
the exchange's after hours electronic trading platform, were
expected to move to Globex. Also under the terms of the
agreement, Globex would be the exclusive electronic trading
platform for metals products currently listed on the Comex
division, with an anticipated third quarter launch. Clearing
was still to be handled at Nymex, according to the
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