CME switch to Globex settlement is long overdue, energy traders say

摘要

Energy traders said Tuesday that CME Group's announcement that the front six contract months of NYMEX WTI crude oil, natural gas, heating oil and RBOB futures will be settled exclusively on CME Globex activity is long overdue."I'm surprised it took them so long," said Ed Kennedy, vice president of energy trading at Hencorp. "Ninety percent is traded on Globex even on the last day. It's a perfectly logical pro-gression."