New Average Price Options Contracts to Launch at CME Group on ClearPort and New York Trading Floor
December 15 2008 - 1:15PM
PR Newswire (US)
CHICAGO, Dec. 15 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives exchange, today announced that
average price options on the Singapore fuel oil 180 cst swap (C5),
Singapore gasoil calendar swap (M2), Singapore jet kerosene swap
(N2), and the fuel oil 3.5% Rotterdam barges swap (Q6) contracts
will be listed for trading. These four average price options
contracts will be listed on the NYMEX trading floor and
ClearPort(R), beginning December 21 for trade date December 22. All
four contracts will be listed for 36 consecutive months, beginning
with the January 2009 contract. There will be 20 strike prices in
increments of $0.50 per barrel above and below the at-the-money
strike price. The contract size for the Singapore fuel oil 180 cst
and fuel oil 3.5% Rotterdam barges average price options contracts
will be 1,000 metric tons. The minimum price fluctuation will be
$0.01 per metric ton. The contract size for the Singapore gasoil
and Singapore jet kerosene options contracts will be 1,000 barrels.
The minimum price fluctuation will be $0.01 per barrel. 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 $7 billion in 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 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. NYMEX,
New York Mercantile Exchange, and ClearPort 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 of NYMEX,
+1-212-299-2439; or Allan Schoenberg of CME, +1-312-930-8189, ; or
Investors, John Peschier of CME, +1-312-930-8491 Web site:
http://www.cmegroup.com/ http://www.cmegroup.mediaroom.com/
http://www.nymex.com/
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