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e-miNY futures
e-miNY futures definition - finance
A
type of futures contracts offered by the New York Mercantile Exchange for its
liquid crude oil and nat-ural gas futures contract. The contracts are 50
percent of the size of the standard futures contracts and are financially
settled, versus being settled by delivering the physical commodities. E-miNY
futures trade around the clock through electronic, after-hours exchanges such
as the Chicago Mercantile ExchangeÂ’s GLOBEX electronic trading platform. They
clear through the New York Mercantile Exchange clearinghouse.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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