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Non-Tech : Stock, Commodity and Option Exchange Industry

AX 79.32

+0.7%

Oct 30 3:59 PM EDT

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To: Glenn Petersen who wrote (32)	8/4/2008 11:25:48 AM
From: Sam Citron	Read Replies (1) of 45

And exchanges continue to attract relevant new listings... NYMEX to launch domestic hot Rolled Coil steel futures contract (NMX) 78.25 : Co announces that it plans to introduce a futures contract based on prevailing market prices for hot-rolled steel coil in the U.S. Midwest region (U.S. Midwest domestic hot-rolled coil steel) early in 4Q08. The contract will be financially settled against an index developed by C.R.U. Indices, a subsidiary of CRU International, a leading supplier of steel industry information. The contract size will be 20 short tons with a minimum price fluctuation of $0.50 per short ton and the contract will be listed for 18 consecutive months. Final settlement on the monthly contract will be the average price calculated for all available price assessments published for that given month. The steel futures contract will be available for trading on the CME Globex electronic trading platform, and off-exchange transactions can be submitted for clearing via NYMEX ClearPort. [briefing.com]

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