New York Mercantile Exchange will launch a New York Harbor ethanol futures contract on March 30 for trade date March 31. The contract will trade on the Globex platform and clear through Nymex ClearPort. It will be listed for 36 consecutive months, beginning with the May 2008 contract. The last trading day will be the last business day of the month preceding the delivery month. The contract size will be 42,000 gallons in size with the minimum price fluctuation of $0.0001 per gallon.
Osaka Securities Exchange‘s board of directors has revised its earnings forecast for the fiscal year 2007 after what the exchange described as “a better-than-expected increase in income from participant fees resulting from recent active trading” in...