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Industry: Email Alert RSS FeedCME Group Announces New Petroleum Swap Futures Contracts
Energy Resource, March 12, 2009
ENERGY RESOURCE-12 March 2009-CME Group Announces New Petroleum Swap Futures Contracts(C)2009 JeraOne - http://www.jeraone.com
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.
The contracts are listed with, and subject to, the rules and regulations of NYMEX. The products will be available through CME ClearPort, an open clearing service for more than 600 OTC products.
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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, visit www.nymex.com and the CME Group at www.cmegroup.com.
((Comments on this story may be sent to newsdesk@jeraone.com))
((Distributed via M2 Communications Ltd - http://www.m2.com))
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