CME Group Announces the Launch of New Natural Gas Swing and Index Swap Futures Contracts
April 15 2009 - 12:49PM
PR Newswire (US)
CHICAGO, April 15 /PRNewswire-FirstCall/ -- CME Group Inc., the
world's largest and most diverse derivatives exchange, today
announced 44 new natural gas swing and index swap futures
contracts, scheduled to begin trading on April 26 for trade date
April 27. These contracts are listed with, and subject to, the
rules and regulations of NYMEX. They will be available through CME
ClearPort(R), a set of flexible clearing services open to
over-the-counter market participants to substantially mitigate
counterparty risk and provide capital efficiencies across asset
classes. The new swing swap futures contracts and their commodity
codes will be: -- SoCal City-Gate natural gas (Platts Gas Daily)
(T9) -- Southern Star, Tex-Okla.-Kan. natural gas (Platts Gas
Daily) (M4) -- OneOk ,Oklahoma natural gas (Platts Gas Daily) (M3)
-- Texas Eastern, WLA natural gas (Platts Gas Daily) (X8) --
Florida Gas, Zone 2 natural gas (Platts Gas Daily) (X5) -- Transco
Zone 1 natural gas (Platts Gas Daily) (X4) -- Transco Zone 2
natural gas (Platts Gas Daily) (X3) -- Columbia Gulf, Mainline
natural gas (Platts Gas Daily) (X2) -- Tennessee, 800 Leg natural
gas (Platts Gas Daily) (W5) -- Texas Gas, Zone 1 natural gas
(Platts Gas Daily) (Y9) -- Florida Gas, Zone 3 natural gas (Platts
Gas Daily) (J8) -- Transco Zone 4 natural gas (Platts Gas Daily)
(J3) -- Columbia Gulf, LA. natural gas (Platts Gas Daily) (J6) --
Texas Gas, Zone SL natural gas (Platts Gas Daily) (J7) -- Texas
Eastern, ELA natural gas (Platts Gas Daily) (K9) -- Southern
Natural, LA. natural gas (Platts Gas Daily) (K8) -- Trunkline ELA
natural gas (Platts Gas Daily) (K7) -- ANR, LA. natural gas (Platts
Gas Daily) (K6) -- NGPL STX natural gas (Platts Gas Daily) (Q7) --
Algonquin City-Gates natural gas (Platts Gas Daily) (C8) -- Questar
natural gas (Platts Gas Daily) (C6) -- Alberta natural gas (Platts
Gas Daily) (K5) The new index swap futures contracts and their
commodity codes will be: -- Southern Star, Tx.-Okla.-Kan. natural
gas (Platts Gas Daily/Platts IFERC) (C9) -- OneOk, Oklahoma natural
gas (Platts Gas Daily/Platts IFERC) (C7) -- Texas Eastern, WLA
natural gas (Platts Gas Daily/Platts IFERC) (C2) -- Florida Gas,
Zone 2 natural gas (Platts Gas Daily/Platts IFERC) (C3) -- Transco
Zone 1 natural gas (Platts Gas Daily/Platts IFERC) (C4) -- Transco
Zone 2 natural gas (Platts Gas Daily/Platts IFERC) (L7) -- Columbia
Gulf, Mainline natural gas (Platts Gas Daily/Platts IFERC) (L2) --
Tennessee, 800 Leg natural gas (Platts Gas Daily/Platts IFERC) (L4)
-- Texas Gas, Zone 1 natural gas (Platts Gas Daily/Platts IFERC)
(N4) -- Florida Gas, Zone 3 natural gas (Platts Gas Daily/Platts
IFERC) (Q9) -- Transco Zone 4 natural gas (Platts Gas Daily/Platts
IFERC) (B2) -- Columbia Gulf, LA. natural gas (Platts Gas
Daily/Platts IFERC) (S9) -- Texas Gas, Zone SL natural gas (Platts
Gas Daily/Platts IFERC) (S7) -- Texas Eastern, ELA natural gas
(Platts Gas Daily/Platts IFERC) (M9) -- Southern Natural, LA.
natural gas (Platts Gas Daily/Platts IFERC) (M8) -- Trunkline ELA
natural gas (Platts Gas Daily/Platts IFERC) (M7) -- ANR, LA.
natural gas (Platts Gas Daily/Platts IFERC) (M6) -- SoCal City-Gate
natural gas (Platts Gas Daily/Platts IFERC) (N5) -- NGPL STX
natural gas (Platts Gas Daily/Platts IFERC) (N6) -- Algonquin
City-Gates natural gas (Platts Gas Daily/Platts IFERC) (N7) --
Questar natural gas (Platts Gas Daily/Platts IFERC) (N8) -- Malin
natural gas (Platts Gas Daily/Platts IFERC) (V8) The first listed
month will be May 2009 for all of the contracts. The natural gas
swing swap futures contracts will be listed for two consecutive
months, and the natural gas index swap futures contracts will be
listed for 36 consecutive months. For more information, please
visit http://www.nymex.com/. CME Group (http://www.cmegroup.com/)
is the world's largest and most diverse derivatives exchange.
Building on the heritage of CME, CBOT and NYMEX, CME Group serves
the risk management needs of customers around the globe. As an
international marketplace, CME Group brings buyers and sellers
together on the CME Globex electronic trading platform and on
trading floors in Chicago and New York. By acting as the buyer to
every seller and the seller to every buyer, CME Clearing virtually
eliminates counterparty credit risk. CME Clearing also offers
financial safeguards to help mitigate systemic risk, providing the
security and confidence market participants need to operate, invest
and grow. CME Group offers the widest range of benchmark products
available across all major asset classes, including futures and
options based on interest rates, equity indexes, foreign exchange,
energy, agricultural commodities, metals, and alternative
investment products such as weather and real estate. CME Group is
listed on NASDAQ under the symbol "CME." 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 Allan Schoenberg, +1-312-930-8189, , or
Investors, John Peschier, +1-312-930-8491, all of CME Group Web
Site: http://www.cme.com/
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