Nymex ends open-outcry trading of PJM monthly power futures

Open interest lots in the contract stand at around 30,000, a relatively low figure compared against the more liquid contracts, such as light, sweet crude futures, for which there are currently 180,000 open interest lots.

The PJM monthly contract is already traded overnight on ClearPort, but at the start of November it will be traded exclusively on the internet system with the same trading hours as the weekly and daily PJM contracts. The PJM contract is based on the PJM (Pennsylvania-New Jers

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