CME Group to Offer Options on Ethanol Futures
September 17 2007 - 11:42AM
PR Newswire (US)
Also Offering Clearing Services for Cash-Settled Options and
Options on Forward Month Swaps CHICAGO, Sept. 17
/PRNewswire-FirstCall/ -- CME Group, the world's largest and most
diverse exchange, today announced the listing of options on Ethanol
futures, tools for customers to better manage risk in the energy
industry, scheduled to begin trading electronically on e-cbot(R)
October 5 and then on the CME Globex(R) platform in January. In
addition, clearing services will be offered for cash-settled
options on Ethanol futures, scheduled to begin October 5, as well
as for options on Ethanol Calendar Swaps, also know as forward
month swaps, to be offered this fall. Centralized clearing includes
the benefits of daily mark-to-market margining and reduced
counterparty risk. Ethanol futures have been trading at the CBOT,
now part of the CME Group, since March 2005. The Ethanol futures
prices will be used in the settlement of both the options on
Ethanol futures and the cash-settled options. Forward Month Ethanol
Swaps, launched in December 2006, will serve as the underlying
value for those options. CME Group (http://www.cmegroup.com/) is
the world's largest and most diverse exchange. Formed by the 2007
merger of the Chicago Mercantile Exchange (CME) and the Chicago
Board of Trade (CBOT), 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 its trading floors. 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, agricultural
commodities, and alternative investment products such as weather
and real estate. CME Group is traded on the New York Stock Exchange
and NASDAQ under the symbol "CME." The Globe logo, CME, Chicago
Mercantile Exchange, CME Group, Globex and E-mini, 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. These
trademarks are used herein under license. 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, Mary Haffenberg, +1-312-930-3435, or Allan Schoenberg,
+1-312-930-8189, both , or Investors, John Peschier,
+1-312-930-8491, all of CME Group Web site:
http://www.cmegroup.com/
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