By Robert Tuttle
Sept. 11 (Bloomberg) -- CME Group Inc., the world's biggest futures exchange, said it's extending New York Mercantile Exchange electronic trading hours this weekend because of Hurricane Ike.
The decision applies to energy trades on its ClearPort and Globex trading platforms, CME said in a release today. Trading will begin on Sept. 14 at 10 a.m. New York time with the session closing on Sept. 15. Trading would normally open at 7 p.m.
Ike's eye was 620 miles (998 kilometers) east of Brownsville, Texas, and moving west-northwest at 9 miles per hour toward the Texas Coast, the National Hurricane Center said in an advisory at 4 a.m. Houston time today. The storm is a Category 2 hurricane, with sustained winds of 100 miles per hour, and may strengthen further.
To contact the reporter on this story: Robert Tuttle in New York at rtuttle@bloomberg.net
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