News Release

CME Group Announces the Launch of New PJM, ISO Electricity Futures Contracts

Fri Feb 13 2009

CHICAGO, Feb. 13 /PRNewswire-FirstCall/ -- CME Group Inc., the world's largest and most diverse derivatives exchange, today announced 34 new electricity swap futures contracts, scheduled to begin trading on February 22 for trade date February 23. These contracts are listed with, and subject to, the rules and regulations of NYMEX. The products will be available on the CME ClearPort® electronic clearing and trading systems.

 

The new swap futures contracts and their commodity codes will be: ISO New England Connecticut Zone 5 MW Peak calendar month day-ahead LMP (P2); ISO New England Connecticut Zone 5 MW off-peak calendar month day ahead LMP (P3); ISO New England South East Massachusetts Zone 5 MW peak calendar month day-ahead LMP (P4); ISO New England South East Massachusetts Zone 5 MW off-peak calendar month day-ahead LMP (P5); ISO New England North East Massachusetts Zone 5 MW peak calendar month day-ahead LMP (P7); ISO New England North East Massachusetts Zone 5 MW off-peak calendar month day-ahead LMP (P8); ISO New England Maine Zone 5 MW peak calendar month day-ahead LMP (P9); ISO New England Maine Zone 5 MW off-peak calendar month day-ahead LMP (W2); ISO New England West Central Massachusetts Zone 5 MW peak calendar month day-ahead LMP (R6); ISO New England West Central Massachusetts Zone 5 MW off-peak calendar month day-ahead LMP (L9); ISO New England New Hampshire Zone 5 MW peak calendar month day-ahead LMP (U2); ISO New England New Hampshire Zone 5 MW off-peak calendar month day-ahead LMP (U3); ISO New England Rhode Island Zone 5 MW peak calendar month day-ahead LMP (U4); ISO New England Rhode Island Zone 5 MW off-peak calendar month day-ahead LMP (U5); ISO New England Internal Hub 5 MW peak calendar month day-ahead LMP (U6); ISO New England Internal Hub 5 MW off-peak calendar month day-ahead LMP (H2); Midwest Independent Transmission System Operator Cinergy Hub 5 MW peak calendar month real-time (H3); Midwest Independent Transmission System Operator Cinergy Hub 5 MW peak calendar month day-ahead (H5); PJM Northern Illinois Hub 5 MW peak calendar month real-time LMP (B3); PJM Northern Illinois Hub 5 MW off-peak calendar month real-time LMP (B6); PJM AEP Dayton Hub 5MW peak calendar month real-time LMP (Z9); PJM AEP Dayton Hub 5 MW off-peak calendar month real-time LMP (V3); PJM ComEd Zone 5 MW peak calendar month day-ahead LMP (D8); PJM ComEd Zone 5 MW off-peak calendar month day-ahead LMP (D9); NYISO Zone A 5 MW peak calendar month day-ahead LBMP (K3); NYISO Zone A 5 MW off-peak calendar month day-ahead LBMP (K4); NYISO Zone C 5 MW peak calendar month day-ahead LBMP (Q5); NYISO Zone C 5 MW off-peak calendar month day-ahead LBMP (A3); NYISO Zone G 5 MW peak calendar month day-ahead LBMP (T3); NYISO Zone G 5 MW off-peak calendar month day-ahead LBMP (D2); NYISO Zone J 5 MW peak calendar month day-ahead LBMP (D3); NYISO Zone J 5 MW off-peak calendar month day-ahead LBMP (D4); PJM Duquesne Zone 5 MW peak calendar month day-ahead LMP (D5); and PJM Duquesne Zone 5 MW off-peak calendar month day-ahead LMP (D6).

 

The peak contracts will be 80 megawatt hours in size and the off-peak contracts will be five megawatt hours.

 

The electricity swaps futures contracts that were launched in December 2008 currently have open interest above 4.9 million contracts. The peak contracts are also 80 megawatt hours in size and the off-peak contracts are five megawatt hours.

 

For more information, please visit www.nymex.com.

 

CME Group (www.cmegroup.com) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."

 

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 www.cmegroup.com.

CME-G

SOURCE: CME Group

Web site: http://www.cme.com/

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