CME Group Announces the Launch of Six Minute-Marker Energy Contracts
June 05 2009 - 12:37PM
PR Newswire (US)
CHICAGO, June 5 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives exchange, today announced the
launch of six financially settled Minute-Marker Crude Oil, RBOB
Gasoline and Heating Oil futures contracts for trading and clearing
services available through CME ClearPort(R), a set of flexible
clearing services open to over the counter (OTC) market
participants to substantially mitigate counterparty risk and
provide capital efficiencies across asset classes, beginning June
14. These new futures contracts will be listed for trading on, and
subject to, the rules and regulations of NYMEX. In addition, the
NYMEX Crude Oil, RBOB Gasoline and Heating Oil Minute-Marker
futures contracts will also be listed for trading on the NYMEX
trading floor beginning June 15. The new Minute-Marker futures
contracts will be available during normal operating hours through
CME ClearPort, from 6:00 p.m. Sunday until 5:15 p.m. Friday New
York time, and via open outcry trading from 9:00 a.m. until 2:30
p.m. Monday through Friday. The first listed month for the six new
Minute-Marker futures contracts will be the July 2009 contract. The
three Minute-Marker futures contracts (6C, 6R, 6H) will be listed
for up to one month, and the second month will be listed ten
business days prior to the expiration of the front month contract.
The three Minute-Marker Calendar Month Swap futures contracts (4T,
5T, 7T) will be listed for up to 36 consecutive months. 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, Mary Haffenberg, +1-312-930-3435, or Allan Schoenberg,
+1-312-930-8189, both at , or Investors, John Peschier,
+1-312-930-8491, all of CME Group Web Site: http://www.cme.com/
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