The Chicago Board of Trade (CBOT®) announced today that FCStone has become an electronic market maker for the CBOT’s Ethanol futures contract. FCStone will provide liquidity and continuous two-sided markets for the Ethanol futures trading on the CBOT’s electronic trading platform.
CBOT Senior Vice President of Business Development, Robert D. Ray said, “FCStone brings a wealth of experience and expertise to the CBOT’s Ethanol complex, which we believe has become the benchmark for domestic ethanol prices. Ethanol processors and investors have already noted the improved liquidity that FCStone has brought to our market, and we are committed to working with FCStone and the rest of the biofuels industry to create new and innovative trading opportunities for market participants.”
FCStone Senior Vice President, Eric Bowles said, "The decision to become a market maker was driven by FCStone’s desire to support the continued growth of the entire industry. A liquid ethanol futures contract provides a transparent pricing benchmark for managing production and marketing risks."
For more information, please visit www.cbot.com/ethanol.
