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NYMEX ClearPort® trading combines the accessibility of a web-based
application with a user-friendly trading interface to form a powerful new
tool for participation in approximately 260 energy futures markets. The result
is the unprecedented ability to manage price risk while mitigating counterparty
credit risk through the financial strength and depth of the Exchange.
The product slate replicates popular energy derivatives, and is available
for trading from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute
break each day between 5:15 PM and 6:00 PM. All trades are submitted to
the Exchange clearinghouse which offers a system of guarantees to mitigate
counterparty credit risk. Trades are entered by a futures commission merchant,
introducing broker, or Exchange staff. NYMEX ClearPort trades are executed
on the basis of price and time with total anonymity and absolute fairness.
The first order in at the best price is the first executed.
Market participants desiring to trade these contracts must first establish
an account with an Exchange clearing member firm.
Margin requirements are netted against other cleared positions on the Exchange,
reducing costs and improving cash flow.
NYMEX ClearPort offers entry to the market through a state-of-the-art system
with excellent versatility. Market participants can customize their front-end
software to meet their particular trading requirements while efficiently
communicating on-line with the Exchange. NYMEX ClearPort also provides for
enterprise-wide credit checks to offer an effective risk management tool,
and the system is scaleable to allow for future growth.
For specific information on each jurisdiction, please visit NYMEX
Jurisdiction Limitations |
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