New York Mercantile Exchange (Nymex) has introduced four new nitrogen oxide emissions futures contracts on its electronic trading platform, ClearPort. The contracts were for ten tonnes of nitrogen oxide ozone season emissions allowances for delivery made by transfer through Nats. Contracts were listed through the current calendar year. A new year of months will be listed upon termination of the December 2005 contract.
In addition, Nymex has announced that its prior declaration of "force majeure" relating to all remaining delivery obligations in the September 2005 Nymex natural gas futures contract would continue (see FO Week Vol 10 No 35). The exchange also revealed that it was considering any appropriate decisions and actions pursuant to the rules regarding any upcoming obligations in the October 2005 natural gas futures contract as conditions at the Henry Hub were evaluated.
Nymex also announced changes to the trading hours and fees for its Nymex E-Miny...