CHICAGO, Jan. 19, 2016 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the launch of six new West Texas Intermediate (WTI)
Houston (Argus) Crude Oil futures
contracts. These new cash-settled futures will be available
for trading on CME Globex and for submission for clearing via CME
ClearPort effective Feb. 8, 2016,
pending all relevant regulatory review periods. This contract will
be listed with and subject to the rules and regulations of
NYMEX.
"The recent lifting of the U.S. crude oil export ban, increased
market volatility, and infrastructure changes have stirred demand
for Gulf Coast products," said Peter
Keavey, CME Group Executive Director of Energy
Products. "Launching six new WTI Houston crude contracts
gives our clients greater ability to participate in the
rapidly-evolving WTI market and meet their global trading and risk
management needs."
These contracts will all be listed for the current year plus
three consecutive years. They are designed to complement CME
Group's existing benchmark North American Crude Grade contracts and
allow market participants to more accurately manage their risk
exposure with the increasing volume of WTI traded in Houston.
The contract size will be 1,000 barrels with minimum tick size
of $0.01 per barrel. For more
information on WTI Houston (Argus) Crude Oil futures, please visit
www.cmegroup.com/wti.
As the world's leading and most diverse derivatives marketplace,
CME Group (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, its trading
facilities in New York and
Chicago, and through its
London-based CME Europe
derivatives exchange. CME Group also operates one of the
world's leading central counterparty clearing providers through CME
Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded
contracts and over-the-counter derivatives transactions.
These products and services ensure that businesses everywhere can
substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. KCBOT, KCBT and Kansas
City Board of Trade are trademarks of The Board of Trade of
Kansas City, Missouri, Inc.
All other trademarks are the property of their respective owners.
Further information about CME Group (NASDAQ: CME) and its products
can be found at www.cmegroup.com.
CME-G
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SOURCE CME Group