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CME Group, the world's largest and most diverse exchange, today announced the listing of options on Ethanol futures, tools for customers to better manage risk in the energy industry, scheduled to begin trading electronically on e-cbot® October 5 and then on the CME Globex® platform in January.
In addition, clearing services will be offered for cash-settled options on Ethanol futures, scheduled to begin October 5, as well as for options on Ethanol Calendar Swaps, also know as forward month swaps, to be offered this fall. Centralized clearing includes the benefits of daily mark-to-market margining and reduced counterparty risk.
Ethanol futures have been trading at the CBOT, now part of the CME Group, since March 2005. The Ethanol futures prices will be used in the settlement of both the options on Ethanol futures and the cash-settled options. Forward Month Ethanol Swaps, launched in December 2006, will serve as the underlying value for those options.
CME Group (http://www.cmegroup.com/) is the world's largest and most diverse exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities, and alternative investment products such as weather and real estate. CME Group is traded on the New York Stock Exchange and NASDAQ under the symbol "CME."
