CME Group Announces the Launch of New Petroleum Swap Futures Contracts
March 12 2009 - 12:03PM
PR Newswire (US)
CHICAGO, March 12 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives exchange, today announced 14
new petroleum swap futures contracts, scheduled to begin trading on
March 22 for trade date March 23. These contracts are listed with,
and subject to, the rules and regulations of NYMEX. The products
will be available through CME ClearPort(R), an open clearing
service for more than 600 OTC products. The new swap futures
contracts and their commodity codes will be: Argus biodiesel RME
Barges Rotterdam (1A); Brent CFD (Platts) vs. Brent front month
(Platts) (1C); group three unleaded gasoline (Platts) (A9); group
three unleaded gasoline (Platts) vs. RBOB spread swap (A8); group
three ULSD (Platts) (A7); group three ULSD (Platts) vs. heating oil
spread (A6); RBOB gasoline BALMO (1D); RBOB crack spread BALMO
(1E); heating oil BALMO calendar (1G); heating oil crack spread
BALMO (1H); Gulf Coast gasoline crack spread BALMO (1J); gasoline
up-down BALMO (1K); ULSD up-down BALMO (1L); and jet up-down BALMO
(1M). The first listed month will be April 2009 for all of the
contracts. The BALMO swap futures will be listed for two
consecutive months; the Brent CFD (Platts) vs. Brent front month
(Platts) swap futures contract will be listed for three consecutive
months; the Argus biodiesel RME Barges Rotterdam swap futures
contract will be listed for 24 consecutive months; and the Group
Three 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, http://www.cmegroup.mediaroom.com/ Web Site:
http://www.cmegroup.com/
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