The New York Mercantile Exchange, Inc., the world’s largest physical commodity exchange and a subsidiary of NYMEX Holdings, Inc. (NYSE: NMX), today announced that it will introduce the NYMEX Colombian Peso Futures ContactTM on the NYMEX ClearPort® electronic platform on February 24 for trade date February 25.
NYMEX has developed this contract in conjunction with Marco Polo Network Inc., the leading emerging markets electronic trading network providing access to securities in more than 50 countries. NYMEX may list this contract on the CME Globex® electronic trading platform at a later date.
The new contract, with commodity code VE, will be listed for 24 consecutive months, beginning with March 2008. The contract unit will be the number of Colombian Pesos per U.S. dollar, as determined by the daily settlement price of the Colombian Peso Index (TRM), published by the Superintendencia Financiera de Colombia.
The contract value will be $25.00 times the daily Colombian Peso Index value.The minimum price fluctuation will be 0.10 index points, equivalent to $2.50. The contract will be available for clearing and trading until the third Wednesday of the contract month.
NYMEX to Launch Colombian Peso Futures Contract
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