CME Group Announces the Launch of New Natural Gas Liquids Average Price Options Contracts
2009年10月2日 - 5:35AM
PRニュース・ワイアー (英語)
CHICAGO, Oct. 1 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives marketplace, today announced
the launch of trading and clearing services for four new
five-decimal place natural gas liquids average price options
contracts. Trading will be available on the New York trading floor
and 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. Trading and
clearing are scheduled to begin on October 11 for trade date
October 12. These contracts will be listed by and subject to the
rules and regulations of NYMEX. The average price options contracts
and commodity codes will be: -- Mont Belvieu LDH propane five
decimals (OPIS) (4H) -- Mont Belvieu natural gasoline five decimals
(OPIS) (4I) -- Mont Belvieu ethane five decimals (OPIS) (4J) --
Mont Belvieu normal butane five decimals (OPIS) (4K) Expanding our
suite of natural gas liquids products based on OPIS pricing will
provide additional hedging opportunities for this marketplace.
These contracts will trade in the one-thousandth of a cent per
gallon as opposed to the standard one-hundredth of a cent per
gallon. The contracts will be listed for 36 consecutive months with
October 2009 the first listed month. The contracts will be 42,000
gallons in size and have a minimum price fluctuation of $0.00001
per gallon. There will be 20 strike prices in increments of $0.0001
per gallon above and below the at-the-money strike prices, for a
total of 41 strike prices. 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 Mary Haffenberg,
+1-312-930-3435, , or Investors, John Peschier, +1-312-930-8491,
all of CME Group Web Site: http://www.cme.com/
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