June 12th, 2008 - GFI Group Inc. and NYMEX Holdings have announced that NYMEX’s products will be distributed on Trayport’s Trading Gateway System

GFI's Trayport to distribute Nymex Products

Michael Gooch, Chairman & CEO, GFI Group: "One of GFI’s interests when it acquired Trayport was its capacity to offer trading in new asset classes and regions."

The Trayport facility, available in July 2008, can offer the complete slate of NYMEX listed products traded on CME Globex as well as OTC-based products listed on NYMEX’s ClearPort clearing system. The products include the upcoming NYMEX products cleared at LCH.Clearnet consisting of, among others, Brent Crude Oil, European Gasoil, Henry Hub OTC Swaps, and PJM Electricity. Also, European traders will have access to NYMEX’s U.S. benchmark products including physically settled WTI Crude Oil, RBOB Gasoline, N.Y. Harbor Heating Oil, and Henry Hub Natural Gas.

Michael Gooch, GFI Group’s chairman and chief executive officer said: "One of GFI’s interests when it acquired Trayport was its capacity to offer trading in new asset classes and regions. This development is a major step forward for the European and US commodity markets and we are delighted to be partnering with NYMEX in this. The benefits are mutual, providing the 9,000-plus European energy and commodity market participants who use Trayport technology with access to NYMEX’s European and U.S. oil markets, while providing NYMEX with a natural extension of its distribution in Europe."

NYMEX Chairman Richard Schaeffer said: “We are delighted that NYMEX products will be distributed on Trayport screens. The broad European reach of Trayport combined with NYMEX’s global benchmark product slate, including the upcoming NYMEX products cleared by LCH.Clearnet, will be the first time European users will be able to trade OTC contracts and globally listed futures on the same screen. It’s a significant development and will be extremely valuable to market participants.”

click here to return to the top of the page