CME Group Announces the Launch of New Electricity Swaps Contracts
10 Setembro 2009 - 11:33AM
PR Newswire (US)
CHICAGO, Sept. 10 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives marketplace, today announced
the launch of trading and clearing services for 18 new ERCOT and
PJM peak and off-peak futures and options contracts. 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
for the swap futures will be: -- PJM DOM zone peak calendar month
day-ahead LMP (R5) -- PJM DOM zone off-peak calendar month
day-ahead LOM (U1) -- ERCOT Houston Zone MCPE 5 MW peak (I1) --
ERCOT Houston Zone MCPE 5 MW off-peak (I2) -- ERCOT Houston Zone
MCPE 5 MW peak calendar day (I3) -- ERCOT Houston Zone MCPE 5 MW
off-peak calendar day (I4) -- ERCOT North Zone MCPE 5 MW peak (I5)
-- ERCOT North Zone MCPE 5 MW off-peak (I6) -- ERCOT North Zone
MCPE 5 MW peak calendar day (I7) -- ERCOT North Zone MCPE 5 MW
off-peak calendar day (I8) -- ERCOT South Zone MCPE 5 MW peak (I9)
-- ERCOT South Zone MCPE 5 MW off-peak (J1) -- ERCOT South Zone
MCPE 5 MW peak calendar day (K1) -- ERCOT South Zone MCPE 5 MW
off-peak calendar day (M1) -- ERCOT West Zone MCPE 5 MW peak (N1)
-- ERCOT West Zone MCPE 5 MW off-peak (O1) -- ERCOT West Zone MCPE
5 MW peak calendar day (R1) -- ERCOT West Zone MCPE 5 MW off-peak
calendar day (R4) Utilities and marketers will use these products,
along with our other zonal products, to provide liquidity and
transparency as they hedge their risk. For the monthly contracts,
the first listed contract will be October 2009, and they will be
listed for the current year plus the next five calendar years. The
first day of trading for the daily contracts will be September 21,
and they will be listed for the current month plus the next month.
The peak contracts will be 80 megawatt hours in size, and the
off-peak contracts will be five megawatt hours. The PJM contracts
will have a minimum price fluctuation of $0.05 per megawatt hour,
while the ERCOT contracts will have a $0.01 per megawatt hour tick
size. 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, both at , or Investors, John Peschier,
+1-312-930-8491, all of CME Group Web Site:
http://www.cmegroup.com/
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