CME Group, the world's largest and most diverse derivatives exchange, today announced 20 new petroleum product swaps futures contracts, including a Brent CFD contract, European premium gasoline contracts, fuel oil contracts, Asian propane contracts, and balance-of-month (BALMO) futures contracts on ClearPort(R), beginning on December 21 for trade date December 22.
The new futures contracts and their commodity codes are: Brent CFD swap (6W); New York fuel oil 0.3% HP swap (8N); premium unleaded gasoline 10ppm (Platts) CIF Med swap (2G); premium unleaded gasoline 10ppm (Platts) FOB Med swap (3G); premium unleaded gasoline 10ppm (Platts) cargoes CIF NW Europe Swap (4G); premium unleaded gasoline 10ppm (Platts) CIF Med BALMO swap (6G); premium unleaded gasoline 10ppm (Platts) FOB Med BALMO swap (8G); premium unleaded gasoline 10ppm (Platts) CIF NW Europe BALMO swap (6D); fuel oil 3.5% CIF Med swap (7D); fuel oil 3.5% CIF Med BALMO swap (8D); gasoil 0.1 CIF Med vs. ICE gasoil BALMO swap (8W); ULSD 10ppm CIF Med vs. ICE gasoil BALMO swap (7V); gasoil 0.1 barges FOB Rotterdam vs. ICE gasoil BALMO swap (6V); gasoil 0.1 cargoes CIF NW Europe vs. ICE gasoil BALMO swap (4V); gasoil 10ppm cargoes CIF NW Europe vs. ICE gasoil BALMO swap (3V); diesel 10ppm barges FOB Rotterdam vs. ICE gasoil BALMO swap (7X); jet fuel cargoes CIF NW Europe vs. ICE gasoil BALMO swap (6X); jet fuel barges FOB Rotterdam vs. ICE gasoil BALMO swap (9Q); Argus propane (Saudi Aramco) swap (9N); and Argus propane Far East index swap (7E). The first listed month for all contracts will be January 2009.
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