News Release

CME Group Announces the Launch of New Electricity Swap Futures Contracts

Wed Mar 11 2009

CHICAGO, March 11 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced 10 new Midwest and California ISO electricity swap futures contracts, scheduled to begin trading on March 22 for trade date March 23. These contracts are listed with, and subject to, the rules and regulations of NYMEX. The products will be available through CME ClearPort®, an open clearing service for more than 600 OTC products.

 

The new swap futures contracts and their commodity codes will be: Midwest ISO Cinergy Hub 5 MW off-peak calendar month real-time (H4); Midwest ISO Cinergy Hub 5 MW off-peak calendar month day-ahead (K2); CAISO NP15 EZ Gen Hub 5 MW peak calendar month day-ahead LMP (4X); CAISO SP15 EZ Gen Hub 5 MW peak calendar month day-ahead LMP (9X); CAISO NP15 EZ Gen Hub 5 MW off-peak calendar month day-ahead LMP (3X); CAISO SP15 EZ Gen Hub 5 MW off-peak calendar month day-ahead LMP (5X); CAISO NP15 EZ Gen 5 MW peak calendar day day-ahead LMP (3Z); CAISO SP15 EZ GEN 5 MW peak calendar day day-ahead LMP (9Z); CAISO NP15 EZ Gen Hub 5 MW off-peak calendar day day-ahead LMP (2Z); and CAISO SP15 EZ Gen 5 MW off-peak calendar day day-ahead LMP (4Z).

 

These contracts will be listed for this year plus the next five calendar years, and the first contract month will be May 2009. Peak contracts will be 80 megawatt hours in size, and off-peak contracts will be five megawatt hours. All contracts will have a minimum price fluctuation of $0.05.

 

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.cmegroup.com/

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