CME Group Announces the Launch of New Five Decimals Natural Gas Liquids Swap Futures Contracts
August 07 2009 - 4:25PM
PR Newswire (US)
CHICAGO, Aug. 7 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives marketplace, today announced
the launch of trading and clearing services for three new
financially settled five decimals natural gas liquids swap futures
contracts. Clearing services will be available through CME
ClearPort , a set of flexible clearing services open to
over-the-counter (OTC) market participants to substantially
mitigate counterparty risk and provide neutral settlement prices
across asset classes, beginning on August 16 for trade date August
17. These contracts are listed by NYMEX, and are subject to NYMEX
rules and regulations. These contracts offer our customers the
ability to price at an eighth of a cent, or five decimal places, as
they do in the physical and over the counter markets. The contracts
and commodity codes for the new swap futures will be: Mont Belvieu
LDH propane five decimals (OPIS) (B0); Mont Belvieu ethane five
decimals (OPIS) (C0); and Mont Belvieu normal butane five decimals
(OPIS) (D0). The first listed month will be the September 2009
contract. The propane contract will be listed for up to 48
consecutive months and the other contracts will be listed for 36
consecutive months. For more information please visit
http://www.cmegroup.com/clearport. As the world's largest and most
diverse derivatives marketplace, CME Group
(http://www.cmegroup.com/) is where the world comes to manage risk.
CME Group exchanges offer the widest range of global benchmark
products across all major asset classes, including futures and
options based on interest rates, equity indexes, foreign exchange,
energy, agricultural commodities, metals, weather and real estate.
CME Group brings buyers and sellers together through its CME Globex
electronic trading platform and its trading facilities in New York
and Chicago. CME Group also operates CME Clearing, one of the
largest central counterparty clearing services in the world, which
provides clearing and settlement services for exchange-traded
contracts, as well as for over-the-counter derivatives transactions
through CME ClearPort . These products and services ensure that
businesses everywhere can substantially mitigate counterparty
credit risk in both listed and over-the-counter derivatives
markets. The Globe logo, CME, Chicago Mercantile Exchange, CME
Group, Globex, E-mini and CME ClearPort are trademarks of Chicago
Mercantile Exchange Inc. CBOT and Chicago Board of Trade are
trademarks of the Board of Trade of the City of Chicago. NYMEX and
New York Mercantile Exchange are trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All
other trademarks are the property of their respective owners.
Further information about CME Group and its products can be found
at http://www.cmegroup.com/. CME-G DATASOURCE: CME Group CONTACT:
Media, Anu Ahluwalia, +1-212-299-2439, or Allan Schoenberg,
+1-312-930-8189, , or Investors, John Peschier, +1-312-930-8491,
all of CME Group Web Site: http://www.cme.com/
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