News Release

CME Group Announces the Launch of New Average Price Options Contracts

Wed Feb 25 2009

CHICAGO, Feb. 25 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced four new average price options contracts, scheduled to begin trading on March 8 for trade date March 9. These contracts are listed with, and subject to, the rules and regulations of NYMEX. The products will be available through the CME ClearPort®, an open clearing system, and the New York trading floor.

 

The new average price options contracts and their commodity codes will be: propane (OPIS) (G1); Mont Belvieu natural gasoline (OPIS) (E1); Mont Belvieu ethane (OPIS) (F1); and Mont Belvieu normal butane (OPIS) (D1).

 

There will be 20 strike prices in increments of $0.01 per gallon above and below the at-the-money strike price for a total of at least 41 strike prices. The contracts will expire on the last business day of the underlying calendar month.

 

The contracts will be 42,000 gallons in size with a minimum price fluctuation of $0.0001 per gallon. Consecutive monthly contracts will be listed for the balance of the current year plus three additional years, beginning with the March 2009 contract.

 

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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