CME Group Announces the Launch of PJM Western Hub Swap Futures Contract
May 04 2009 - 12:04PM
PR Newswire (US)
CHICAGO, May 4 /PRNewswire-FirstCall/ -- CME Group Inc., the
world's largest and most diverse derivatives exchange, today
announced a new PJM Western Hub 50 MW peak calendar month real-time
LMP swap futures contract, scheduled to begin trading on May 17 for
trade date May 18. This contract is listed with, and subject to,
the rules and regulations of NYMEX. It will be available on the CME
Globex(R) electronic trading platform. The PJM Western Hub is one
of the most actively trading locations in the U.S. electricity
market. The PJM Interconnection LLC (PJM) is a regional
transmission organization regulated by the Federal Energy
Regulatory Commission that operates an electricity system which
includes 13 states and the District of Columbia. PJM is the world's
largest wholesale competitive electricity market and includes an
area with a population of 51 million. The commodity code will be
4SN, and the first listed month will be June 2009. The contract
will be listed for five consecutive calendar years with a new
calendar year added after the termination of the December contract
month of the current year. The contract will be 800 megawatt hours
in size, based on 50 megawatts for peak daily hours, with a minimum
price fluctuation of $0.05. For more information, please visit
http://www.cmegroup.com/clearport. 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, , http://www.cmegroup.mediaroom.com/, or
Investors, John Peschier, +1-312-930-8491, all of CME Group Inc.
Web Site: http://www.cme.com/
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