|
|
Enron Mail |
Enymex slowed by Access Internet launch 08/29/2001 Megawatt Daily © Copyright 2001 Pasha Publications, Inc. All Rights Reserved. It looks to be another four to six months before NYMEX launches its electronic trading platform enymex, designed to provide a neutral trading platform for traditionally over-the-counter products. The delay comes in part as NYMEX begins offering its after-hours Access electronic trading system via the Internet next week. The introduction of Access to the Internet poses some new questions for NYMEX, especially how it will integrate Access with enymex, NYMEX's Nachamah Jacobovits explained. The two platforms will remain separate, but the idea is to allow easy trading between the two, she noted. NYMEX had to delay an anticipated second-quarter launch for enymex this year after canceling a contract with a software provider that was developing the link between the order matching system and screen layout for the new platform. The exchange has been working with the remaining software vendors and staff to complete the platform. As it stands now, enymex would offer a variety of gas swap contracts related to the Henry Hub and other pricing points, as well as crude oil, heating oil and gasoline calendar swaps. Enymex promises to be a neutral, open trading platform without counterparty credit risk, offering standardized basis products tied to the exchange's most liquid benchmark products. Its development was first announced in May 2000. SGS Folder Name: E Nymex Relevance Score on Scale of 100: 99 ______________________________________________________________________ To review or revise your folder, visit http://www.djinteractive.com or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.) ______________________________________________________________________ Copyright © 2001 Dow Jones & Company, Inc. All Rights Reserved
|