In response to concerns about Hurricane Gustav, CME Group has revised its Labor Day holiday trading schedule (all times are Eastern time) for NYMEX energy products.
On Sunday, 31 August all NYMEX energy products trading on the CME Globex electronic trading platform will open for trading at 2:30 p.m. (Eastern), with a 2:00 p.m. (Eastern) pre-opening, for a 2 September 2008, trade date. NYMEX ClearPort Clearing and NYMEX ClearPort Trading will also now re-open for trading on this schedule on Sunday, 31 August.
“We wanted to provide our customers with the opportunity to respond to the storm’s potential impact to energy markets as quickly as possible,” says CME Group chief operating officer Bryan Durkin. “The ability to trade both our exchange-listed and over-the-counter energy products during this period will be a significant benefit for global energy market participants.”