DME Direct, developed by the New York Mercantile Exchange, will offer the usual array of order types – limits, stop limits, good till cancelled, etc, as well as futures contracts, calendar spreads, inter-commodity spreads and strips. It will also interface with Nymex post-trade processes. The platform’s “scalable architecture” will enable the DME to expand upon its current capacity for product offerings.
All trades executed on DME Direct will be cleared at the Nymex clearing house.
The week on Risk.net, December 2–8, 2017Receive this by email