CME Group Announces the Launch of New Petroleum Products Contracts
09 Setembro 2009 - 1:42PM
PR Newswire (US)
CHICAGO, Sept. 9 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives marketplace, today announced
the launch of trading and clearing services for 12 new petroleum
products futures and options. Trading will be available on the New
York trading floor and clearing services will be available through
CME ClearPort , a set of flexible clearing services open to
over-the-counter (OTC) market participants to substantially
mitigate counterparty risk and provide neutral settlement prices
across asset classes. Trading and clearing are scheduled to begin
on September 20 for trade date September 21. These contracts are
listed by and subject to the rules and regulations of NYMEX. The
contracts and commodity codes will be: -- Singapore Mogas 95
unleaded (Platts) swap futures (V0) -- Singapore Mogas 95 unleaded
(Platts) BALMO swap futures (W0) -- Singapore Mogas 97 unleaded
(Platts) swap futures (X0) -- Singapore Mogas 97 unleaded (Platts)
BALMO swap futures Y0) -- Singapore jet kerosene vs. gasoil spread
(Platts) BALMO swap futures (Z0) -- Diesel 10 ppm Northwest Europe
Le Havre (Platts) CIF NWE swap futures (S1) -- Diesel 10 ppm NWE Le
Havre (Platts) CIF NWE vs. ICE gasoil swap futures (S3) -- Diesel
10 ppm NWE Le Havre (Platts) CIF NWE vs. ICE gasoil BALMO swap
futures (S5) -- Diesel 10 ppm UK (Platts) CIF NWE swap futures (S6)
-- Diesel 10 ppm UK (Platts) CIF NWE vs. ICE gasoil swap futures
(S8) -- Diesel 10 ppm UK (Platts) CIF NWE vs. ICE gasoil BALMO swap
futures (T1) -- Singapore fuel oil 380 cst swap (Platts) average
price options (8H) The Asian products will help mitigate risk in
the Singapore regional gasoline and fuel oil markets, while the
European products are being listed to address a new regulatory
specification that requires a lower sulfur content. The first
listed month will be the October 2009 contract. The BALMO contracts
will be listed for one month and the following month for 10
business days prior to the start of the contract month. All other
contracts will be listed for 36 consecutive months. The Singapore
fuel oil cst swap (Platts) average price options contract will be
$1,000 metric tons in size and will have a minimum price
fluctuation of $0.01 per metric ton. There will be 20 strike prices
in increments of $0.50 per barrel above and below the at-the-money
strike price. For more information please visit
http://www.cmegroup.com/clearport. As the world's largest and most
diverse derivatives marketplace, CME Group
(http://www.cmegroup.com/) is where the world comes to manage risk.
CME Group exchanges offer the widest range of global benchmark
products across all major asset classes, including futures and
options based on interest rates, equity indexes, foreign exchange,
energy, agricultural commodities, metals, weather and real estate.
CME Group brings buyers and sellers together through its CME Globex
electronic trading platform and its trading facilities in New York
and Chicago. CME Group also operates CME Clearing, one of the
largest central counterparty clearing services in the world, which
provides clearing and settlement services for exchange-traded
contracts, as well as for over-the-counter derivatives transactions
through CME ClearPort . These products and services ensure that
businesses everywhere can substantially mitigate counterparty
credit risk in both listed and over-the-counter derivatives
markets. The Globe logo, CME, Chicago Mercantile Exchange, CME
Group, Globex, E-mini and CME ClearPort are trademarks of Chicago
Mercantile Exchange Inc. CBOT and Chicago Board of Trade are
trademarks of the Board of Trade of the City of Chicago. NYMEX and
New York Mercantile Exchange are trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All
other trademarks are the property of their respective owners.
Further information about CME Group and its products can be found
at http://www.cmegroup.com/. CME-G DATASOURCE: CME Group CONTACT:
Media, Anu Ahluwalia, +1-212-299-2439, or Mary Haffenberg,
+1-312-930-3435, , or Investors, John Peschier, +1-312-930-8491,
all of CME Group Web Site: http://www.cmegroup.com/
Copyright