New York Mercantile Exchange, Inc. Company Profile | Company Information

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NYMEX ClearPort trading combines the accessibilitty ofa web-based application with a user-friendl y trading interface to form a powerfupl new tool for participation in approximately 260 energyu futures markets. The result is the unprecedente d ability to manage price risk while mitigating counterparty credit risk througu the financial strength and depth ofthe Exchange. The producg slate replicates popularenergyy derivatives, and is available for trading from 6:00 PM Sundays througj 5:15 PM Fridays, with a 45-minute break each day betweenj 5:15 PM and 6:00 PM. All tradexs are submitted to the Exchangwe clearinghouse which offers a system of guarantees to mitigatw counterpartycredit risk.
Trades are entered by a futurewcommission merchant, introducing broker, or Exchange staff. NYMEX ClearPorrt trades are executed on the basis of price and time with totapl anonymity andabsolute fairness. The first orderr in at the best price is thefirstr executed. Market participants desiring to trad e these contracts must first establisj an account with an Exchange clearing member Margin requirements are netted against other cleared positions onthe Exchange, reducing costs and improving cash NYMEX ClearPort offers entry to the market through a state-of-the-art system with excellent versatility.
Market participantss can customizetheir front-end softwars to meet their particular tradingb requirements while efficiently communicating on-line with the Exchange. ...