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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®, 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 3:15 p.m. New York time Minute-Marker futures contracts will be the July 2009 contract. The three Minute-Marker futures contracts include NYMEX Crude Oil (6C), NYMEX RBOB Gasoline (6R) and NYMEX Heating Oil (6H), which 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 include NYMEX Crude Oil (4T), NYMEX RBOB Gasoline (5T) and NYMEX Heating Oil (7T), which will all be listed for up to 36 consecutive months.
For more information, please visit www.cmegroup.com/clearport.
