Definition of 'miNY'
The miNY futures offered by NYMEX are fractional versions of the Exchange's crude oil, natural gas, heating oil, gasoline, gold, copper, and silver futures contracts. The gold, copper, silver, crude oil, heating oil, and gasoline contracts are 50% of the size of their respective standard-sized contracts. The natural gas contracts are 25% of the size of their respective standard-sized natural gas contracts.
All are financially settled at the settlement price of their corresponding standard-sized contracts. The contracts trade around the clock on the CME Globex electronic trading platform and clear through the New York Mercantile Exchange clearinghouse.
See Also: E-mini (CME's equivalent) and mini sized (CBOT's equivalent).
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