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NYMEX ACCESS
NYMEX ACCESS definition - finance
Stands
for the New York Mercantile ExchangeÂ’s
ACCESS trading, which is an
internationally accessible after-hours trading system. ACCESS stands for American Computerized Commodity Exchange System
and Services. The system is accessible over the Internet and is
available after regular trading hours have ended for the day. NYMEX ACCESS
trading opens at 3:15 p.m. Eastern time, Monday through Thursday, and runs as
late as 9 a.m. the next morning, depending on the specific contract. Sunday
evening sessions open at 7 p.m. Trades are executed on the basis of price and
time submitted, with the first order at the best price taking priority in
execution. The system provides anonymity.
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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