Uranium Hits Another Record High – Futures Begin Trading Soon
May 7th, 2007 by Stephen RomanFrom Yahoo Finance:
The new NYMEX futures market will involve financially settled contracts that are separate from the physical uranium market. Traders won’t take possession of the commodity, but they can take title of it and receive exposure to its price.
“We are excited to introduce uranium futures contracts and to provide the industry with a transparent price discovery mechanism. We expect to create a benchmark contract for this important and underserved global market,” says Richard Schaeffer NYMEX Chairman.
Posted: May 7th, 2007 under General, uranium.
Comments: 1
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