Nymex to launch OTC trading platform

The New York Mercantile Exchange (Nymex) says it plans to introduce a trading platform designed for over-the-counter energy market participants in January and is currently at the beta testing stage.

Contracts to be made available through the system will include those designed by the exchange to replicate the most commonly traded OTC products, including electricity, crude oil and natural gas contracts. Trading will be available on the system from 7pm Sunday (Eastern Standard Time) and 3:15pm

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