Nymex to launch emissions futures on ClearPort

The New York Mercantile Exchange (Nymex) is to introduce sulphur dioxide (SO 2 ) and nitrogen oxide (NOx) futures contracts on Nymex ClearPort on June 19 for the June 20 trading session, the exchange said today.

The SO2 contract will be 100 metric tonnes and the NOx contract 10 metric tonnes in size. Both contracts will be listed for 36 consecutive months forward, starting with the August 2005 contract. They will be physically settled through the EPA Allowance Tracking System.

As part of the exchange's liquidity provider programme on Nymex ClearPort, any trader who makes a bid or offer that is accepted will receive $5.00 per contract, and the participant on the other side of the trade will pay an

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