Nymex to launch two new coal swap futures

The Eastern Rail CSX and Western Rail Powder River Basin (PRB) contracts will be available for trading from 7pm Sunday to 2:30pm on Friday, with a daily 45-minute break from 2:30pm to 3:15pm. Off-exchange transactions can also be cleared through ClearPort.

January 2005 will be the first listed month, and the contract will be available for the current year and the next two years. It will be cash-settled against the corresponding Platts indexes published in Platts Coal Trader – the CSX Big Sand