BIG GAIN SEEN FOR GAS FUTURES TRADING ON NYMEX
Trading of natural gas futures contracts on the New York Mercantile Exchange could easily double in 2 years, says Nymex Pres. R. Patrick Thompson. Thompson said gas futures trading amounted to 2,500-3,000 contracts/day a year ago but now is about 12,000/day. He said the gas futures market, established only 18 months ago, could increase to 30,000-40,000 contracts/day in 2 years.