NEW YORK, March 14 /PRNewswire-FirstCall/ -- New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. , today announced a complete trading and processing schedule for the Good Friday holiday (all in Eastern time):
Thursday, March 20, 2008 -- Normal floor closing for all NYMEX and COMEX products. Not an early closing day. -- NYMEX and COMEX products on CME Globex(R) and NYMEX ClearPort(R), including DME Direct, open until 5:15 PM for the March 20 trade date. -- The NYMEX trading systems and the NYMEX and COMEX products on CME Globex will not reopen at 6:00 PM and will remain closed until Sunday, March 23 for the March 24 trade date. -- Large trader reporting for any clearing members holding DME positions for the March 20 trade date are due by midnight on Friday. Friday, March 21, 2008 (Good Friday) -- NYMEX and COMEX trading floors, NYMEX and COMEX on CME Globex, and NYMEX ClearPort, including DME Direct, will be closed. -- No clearing will occur; no clearing functionality will be available. -- Daily SPAN and erosion files will not be produced. -- Options cannot be exercised. -- There will not be any allocation of energy and metal deliveries or delivery notices, and related forms will not be accepted. Sunday, March 23, 2008 -- Normal trading schedule resumes. -- NYMEX and COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will re-open for trading and trade submission at 6:00 PM for the March 24 trade date. Monday, March 24, 2008 -- Banking for March 20 clearing cycle will occur. -- Large trader reporting for NYMEX and COMEX) for the March 20 trade date for any clearing members not holding DME positions are due by 8:00 AM. -- "Double erosion" will occur to account for the March 21 peak day (not a NERC holiday). Two erosion files will be produced.
The full NYMEX 2008 holiday schedule can be found at: http://www.nymex.com/holida_schedu.aspx
Forward Looking and Cautionary Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results. Forward-looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward-looking statements. In particular, the forward-looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets. We assume no obligation to update or supplement our forward-looking statements.
