The New York Mercantile Exchange, Inc. today announced that it will introduce 24 new crude oil swap futures contacts on NYMEX ClearPort, beginning on September 20 for trade date October 1.
The new futures contracts and their commodity codes are: Light Louisiana sweet (Platts) calendar swap (XL); LLS (Platts) trade month swap (XT); LLS (Argus) calendar swap (XA); LLS (Argus) trade month swap (LI); Mars (Platts) calendar swap (MV); Mars (Platts) trade month swap (MZ); Mars (Argus) calendar swap (MX); Mars (Argus) trade month swap (MO); West Texas sour (Platts) calendar swap (PR); WTS (Platts) trade month swap (PV); WTS (Argus) calendar swap (XB); WTS (Argus) trade month swap (AY); LLS (Platts) vs. WTI spread calendar swap (WH); LLS (Platts) vs. WTI spread trade month swap (WI); LLS (Argus) vs. WTI spread calendar swap (WJ); LLS (Argus) vs. WTI spread trade month swap (WK); Mars (Platts) vs. WTI spread calendar swap (WL); Mars (Platts) vs. WTI spread trade month swap (WP); Mars (Argus) vs. WTI spread calendar swap (YX); Mars (Argus) vs. WTI spread trade month swap (YV); WTS (Platts) vs. WTI spread calendar swap (PZ); WTS (Platts) vs. WTI spread trade month swap (XE); WTS (Argus) vs. WTI spread calendar swap (FF); and WTS (Argus) vs. WTI spread trade month swap (FH).
The minimum price fluctuation will be $0.01 per barrel for contracts that are 1,000 barrels in size and will be listed for 36 consecutive months.
The trade month swap futures contracts will settle using the monthly average of prices beginning with the first business day after the 25th calendar day of the previous month through the last business day on or before the 25th calendar day of the contract month. The calendar swap futures contracts will settle based on the monthly average of prices for each business day during the contract month.
Information about fees is available on the NYMEX website at www.nymex.com.
FTSE Mondo Visione Exchanges Index:
.jpg)
NYMEX To Launch 24 New Crude Oil Swap Futures Contracts On NYMEX ClearPort®
Date 21/09/2007
