CME Group, the world's largest and most diverse derivatives exchange, today announced that it will launch 17 new petroleum product swaps futures contracts, including 12 balance of month (BALMO) swap futures contracts on ClearPort(R), beginning on October 26 for trade date October 27.
The new futures contracts and their commodity codes are: 1.5% fuel oil FOB Rotterdam swap (Z3); gasoil 0.1 CIF Med swap (Z4); gasoil 0.1 CIF Med vs. ICE gasoil swap (Z5); ULSD 10 ppm CIF Med swap (Z6); ULSD 10 ppm CIF Med vs ICE Gasoil swap (Z7); Brent crude oil BALMO swap (J9); ICE gasoil BALMO swap (U9); 1.5% fuel oil Rotterdam barges BALMO swap (J5); jet fuel cargoes CIF Northwest Europe BALMO swap (F3); jet fuel barges FOB Rotterdam BALMO swap (X9); gasoil 0.1 cargoes CIF Northwest Europe BALMO swap (B7); ULSD 10 ppm cargoes CIF Northwest Europe BALMO swap (B1); gasoil 0.1 barges FOB Rotterdam BALMO swap (B8); diesel 10ppm barges FOB Rotterdam BALMO swap (U7); gasoil 0.1 cargoes CIF Med BALMO swap (X6); ULSD 10 ppm cargoes CIF Med BALMO swap (X7); and Argus gasoline Northwest Europe BALMO swap (B9).
The BALMO swap futures contracts will be listed for two consecutive months, and the other contracts will be listed for 48 consecutive months. The first listed month for all contracts will be November 2008.
All of the contracts will be 1,000 metric tons in size, except for the Brent crude oil BALMO swap futures contract, which will be 1,000 barrels.
For more information, please visit http://www.nymex.com.
