EmiNY energy switch to Clearport

To be more specific on volume.

On july 5th IPE august brent traded 54k contracts, september 43k.

On july 1st mini Crude traded 14k.
 
does anyone know how much of the daily volume for Brent Crude at the IPE is during US hours vs London hrs? ie. is it 80-20 London or 60-40 US or what.
thanks!
 
It depends, but eyeballing it, I'd say the US vs. London split is about 70-30, which most of the US action between 9AM-2PM EST.


Quote from Scec:

does anyone know how much of the daily volume for Brent Crude at the IPE is during US hours vs London hrs? ie. is it 80-20 London or 60-40 US or what.
thanks!
 
Exchange Revises Date of e-miNY Futures Contracts Migration

NEW YORK, N.Y., July 14, 2005 — The New York Mercantile Exchange, Inc., today announced that it will postpone the migration of its NYMEX miNYsm crude oil and natural gas futures contracts to NYMEX ClearPort® from the CME® Globex® electronic trading platform to August 22.

The September NYMEX miNYsm crude oil and natural gas futures contracts will be listed for trading on the CME Globex platform beginning today at 3:15 PM EST. The September NYMEX miNYsm crude oil futures contract will expire on the CME Globex platform at 2:30 PM EST on August 19.

The September NYMEX miNYsm natural gas futures contract be will delisted on the CME Globex platform at 2:20 PM EST on August 19 and will be listed for trading on NYMEX ClearPort® at 7 PM EST on August 21 for the trade date August 22.

The October NYMEX miNYsm crude oil and natural gas futures contracts will also be listed for trading on NYMEX ClearPort® at 7:00 PM EST on August 21 for the trade date August 22.

Exchange President James E. Newsome said, "We have been very gratified by the unprecedented growth in volumes we have seen in the e–miNY futures contracts in recent months. We are delaying the migration of these products onto NYMEX ClearPort® to ensure that all of our customers have sufficient time to establish connectivity and to review and execute the applicable user documentation."
 
Quote from proedge_joe:

The proposed migration of NYMEX emini crude oil and natural gas contracts from CME Globex to ClearPort will remain on Globex indefinitely.

The NYMEX is the worst exchnage in the world. I find it surprising that the Eurex or CME are unwiling to list the Cl/NG/QM/QG contracts - and list them on a cash-settled basis like QM/QG.
 
Exchange Postpones Migration of YMEX miNY Futures Contracts

NEW YORK, N.Y., August 17, 2005 — The New York Mercantile Exchange, Inc., announced today that it will postpone the migration of the NYMEX miNYsm crude oil and natural gas contracts from the Chicago Mercantile Exchange® Globex® platform to NYMEX ClearPort® as previously scheduled for August 22. As a result, the October contract month of the NYMEX miNYsm crude oil and natural gas contracts will be listed for trading on the Globex® platform effective 6:00 PM (EST) today.

Exchange President James E. Newsome said, "Testing has been successfully completed, and the Exchange systems are prepared and ready for this transition. In fact, as of today, more than 35 firms have signed up and certified for FIX connectivity to our electronic platform. However, as the Exchange continues to study its strategic alternatives, which includes a review of existing technology initiatives, it has determined that the appropriate course of action at this time is to maintain existing technology.
 
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