CME Group, the world's largest and most diverse derivatives exchange, today announced that average price options on the Singapore fuel oil 180 cst swap (C5), Singapore gasoil calendar swap (M2), Singapore jet kerosene swap (N2), and the fuel oil 3.5% Rotterdam barges swap (Q6) contracts will be listed for trading. These four average price options contracts will be listed on the NYMEX trading floor and ClearPort(R), beginning December 21 for trade date December 22.
All four contracts will be listed for 36 consecutive months, beginning with the January 2009 contract. There will be 20 strike prices in increments of $0.50 per barrel above and below the at-the-money strike price.
The contract size for the Singapore fuel oil 180 cst and fuel oil 3.5% Rotterdam barges average price options contracts will be 1,000 metric tons. The minimum price fluctuation will be $0.01 per metric ton.
The contract size for the Singapore gasoil and Singapore jet kerosene options contracts will be 1,000 barrels. The minimum price fluctuation will be $0.01 per barrel.
For more information, please visit http://www.nymex.com.
