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CME Group, the world's largest and most diverse derivatives marketplace, today announced the launch of trading and clearing services for eight new petroleum products and nine natural gas liquids futures contracts. Trading will be available on the New York trading floor and clearing services will be available through CME ClearPort(®), a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. Trading and clearing are scheduled to begin on September 20 for trade date September 21. These contracts will be listed by and subject to the rules and regulations of NYMEX.
The swap futures contracts and commodity codes will be:
- Gulf Coast gasoline (OPIS) (4E)
- Gulf Coast gasoline (OPIS) vs. RBOB gasoline spread (4F)
- Gulf Coast jet (OPIS) (R9)
- Gulf Coast jet (OPIS) vs. heating oil spread (W7)
- Gulf Coast ULSD (OPIS) (5P)
- Gulf Coast ULSD (OPIS) vs. heating oil spread (5Q)
- Gulf Coast heating oil (OPIS) (7O)
- Gulf Coast heating oil (OPIS) vs. heating oil spread (7W)
- Mont Belvieu natural gasoline five decimals (OPIS) (7Q)
- Mont Belvieu iso-butane five decimals (OPIS) (8I)
- Conway propane five decimals (OPIS) (8K)
- Conway natural gasoline (OPIS) (8L)
- Conway normal butane (OPIS) (8M)
- Mont Belvieu LDH propane (OPIS) BALMO (8O)
- Mont Belvieu natural gasoline (OPIS) BALMO (R0)
- Mont Belvieu ethane (OPIS) BALMO (8C)
- Mont Belvieu normal butane (OPIS) BALMO (8J)
Expanding our suite of NGL and petroleum products based on OPIS pricing will provide additional hedging opportunities for this marketplace.
The first listed month will be the October 2009 contract. The BALMO contracts will be listed for one month and the following month for 10 business days prior to the start of the contract month. All other contracts will be listed for 36 consecutive months.
For more information please visit www.cmegroup.com/clearport.
As the world's largest and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
