NYMEX, WSD Introduce Futures Trading Contract

August 2007
Metal Center News;Aug2007, Vol. 47 Issue 9, p40
Trade Publication
The article reports that the New York Mercantile Exchange Inc. (NYMEX) has signed a licensing agreement with World Steel Dynamics Inc. (WSD) to introduce a steel future contract in the U.S. The contract will be offered on the NYMEX ClearPort electronic clearing and trading platforms in 2007, which is based on WSD's SteelBenchmarker pricing system. According to Richard Schaeffer of NYMEX, they are pleased to be the first exchange to offer a steel futures contract in the North American market.


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