The board of directors of New York Mercantile Exchange recently approved listing the second month of trading in the e-miNY crude oil and natural gas futures contracts ten days prior to expiration of the front month instead of four days. This change is effective with the November 2003 contracts.
New York Board of Trade's new Russell 2000 and Russell 3000 index contracts are being supported by a market maker programme to ensure bid/ask spreads no greater than 0.50 wide for a minimum of 10 contracts ($2.5m notional value). The programme is supported by LaBranche Structured Products for the Russell 2000 and Susquehanna Investment Group for Russell 3000. Futures on the indices began trading on 19 September, while options are due to start on 26 September.
Chicago Mercantile Exchange and Bloomberg are now providing Globex trading...