The New York Mercantile Exchange, Inc. today announced that it will introduce 21 new petroleum product swap futures contacts on NYMEX ClearPort, beginning on July 8 for trade date July 9.
The new futures contracts and their commodity codes are: Gulf Coast gasoline (Argus) calendar swap (AW); Gulf Coast ULSD (Argus) calendar swap (AJ); Gulf Coast jet (Argus) calendar swap (AF); Los Angeles CARB diesel (OPIS) outright swap (LX); Los Angeles jet (OPIS) outright swap (LL); Mt. Belvieu propane (OPIS) swap (PT); RBOB (Platts) calendar swap (RY); European gasoil bullet swap (BG); European propane CIF ARA (Argus) swap (PS); Japan C&F naphtha (Platts) swap (JA); gasoline up-down (Argus) swap (UZ); ULSD up-down (Argus) swap (US); jet up-down (Argus) swap (JU); RBOB (Platts) vs. NYMEX RBOB spread swap (RI); NY ULSD (Platts) vs. NYMEX heating oil spread swap (UY); Los Angeles CARBOB (OPIS) spread swap (JL); Los Angeles jet (OPIS) spread swap (JS); Los Angeles CARBOB (OPIS) spread swap (KL); Gulf Coast ULSD crack spread (Argus) swap (CF); Gulf Coast gasoline crack spread (Argus) swap (CK); and Japan C&F naphtha crack spread (Platts) swap (JB).
The first listed month will be the July 2007 contract month.
The minimum price fluctuation will be $0.0001 per gallon for contracts that are 42,000 gallons in size, including the Gulf Coast gasoline (Argus) calendar swap; Gulf Coast ULSD (Argus) calendar swap; Gulf Coast jet (Argus) calendar swap; Los Angeles CARB diesel (OPIS) outright swap; Los Angeles jet (OPIS) outright swap; Mt. Belvieu propane (OPIS) swap; RBOB (Platts) calendar swap; gasoline up-down (Argus) swap; ULSD up-down (Argus) swap; jet up-down (Argus) swap; RBOB (Platts) vs. NYMEX RBOB spread swap; NY ULSD (Platts) vs. NYMEX heating oil spread swap; Los Angeles CARBOB (OPIS) spread swap; Los Angeles jet (OPIS) spread swap; and Los Angeles CARBOB (OPIS) spread swap futures contracts.
The minimum price fluctuation will be $0.01 per barrel for contracts that are 1,000 barrels in size, including the Gulf Coast ULSD crack spread (Argus) swap; Gulf Coast gasoline crack spread (Argus) swap; and Japan C&F naphtha crack spread (Platts) swap futures contracts. The minimum price fluctuation will be $0.01 per metric ton for contracts that are 1,000 metric tons in size, including the European gasoil bullet swap; European propane CIF ARA (Argus) swap; Japan C&F naphtha (Platts) swap futures contracts
Information about fees is available on the NYMEX website at www.nymex.com.
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NYMEX To Launch New Petroleun Product Swap Futures Contracts On NYMEX ClearPort®
Date 02/07/2007