CME Group Announces the Launch of New Electricity Swap Futures Contracts
April 15 2009 - 12:22PM
PR Newswire (US)
CHICAGO, April 15 /PRNewswire-FirstCall/ -- CME Group Inc., the
world's largest and most diverse derivatives exchange, today
announced eight new electricity 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 OTC
market participants to substantially mitigate counterparty risk and
provide capital efficiencies across asset classes. The new swap
futures contracts and their commodity codes will be: -- CAISO NP15
EZ Gen Hub 5 MW peak calendar-month real-time LMP (1Y) -- CAISO
SP15 EZ Gen Hub 5 MW peak calendar-month real-time LMP (1Z) --
CAISO NP15 EZ Gen Hub 5 MW off-peak calendar-month real-time LMP
(2D) -- CAISO SP15 EZ Gen Hub 5 MW off-peak calendar-month
real-time LMP (2E) -- CAISO NP15 EZ Gen Hub 5 MW peak calendar-day
real-time LMP (2F) -- CAISO SP15 EZ Gen Hub 5 MW peak calendar-day
real-time LMP (2H) -- CAISO NP15 EZ Gen Hub 5 MW off-peak
calendar-day real-time LMP (2J) -- CAISO SP15 EZ Gen Hub 5 MW
off-peak calendar-day real-time LMP (2K) The first listed month
will be June 2009 for all of the contracts. The monthly contracts
will be listed for the current year and the next five calendar
years. The new daily contracts will be listed for the current month
plus the next month. 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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