The New York Mercantile Exchange, Inc. today announced that it will launch a new Brent crude oil last day futures contract on CME Globex and for clearing on NYMEX ClearPort. The first listed month will be the September 2007 contract month, beginning on July 29 for trade date July 30.
The contract will be cashsettled, and the commodity code will be BZ. The minimum price fluctuation will be $0.01 per barrel. Trading will terminate at the close of business on the business day immediately preceding the 15th day prior to the first day of the delivery month.
The contract will be listed for up to 72 consecutive months on an annual basis (balance of current year plus five full years) and then June and December contracts for three additional years.
Brent calendar spreads and strips for all listed months as well as intercommodity spreads with NYMEX crude oil futures contracts will be available on CME Globex. TAS markets will be available as well in each of the first three months traded.
For more information, go to www.nymexoncmeglobex.com.
FTSE Mondo Visione Exchanges Index:
NYMEX To Launch New Brent Crude Oil Last Day Futures Contract On CME Globex® And NYMEX ClearPort®
Date 12/07/2007