News Release

CME Group Announces the Launch of Clearing Services for New Petroleum Swap Futures

Mon May 18 2009

CHICAGO, May 18 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced the launch of clearing services for eight new petroleum swap futures contracts, scheduled to launch on May 31 for trade date June 1. 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 capital efficiencies across asset classes. These contracts are listed for trading by NYMEX through CME ClearPort, and are subject to NYMEX rules and regulations.

 

The swap futures contracts and their commodity codes will be: New York jet fuel (Platts) (1Q); New York jet fuel (Platts) vs. heating oil (1U); propane non-LDH Mont Belvieu (OPIS) (1R); propane non-LDH Mont Belvieu (OPIS) BALMO (1S); jet aviation fuel (Platts) cargoes FOB Med (1T); jet aviation fuel (Platts) cargoes FOB Med vs. ICE gasoil (1V); 1% fuel oil (Platts) cargoes CIF Med (1W); and 1% fuel oil (Platts) cargoes CIF NWE (1X).

 

The contracts will appeal to both the domestic and European airline industry for hedging and to the domestic natural gas liquids marketplace.

 

The first listed month will be June 2009. All of the contracts will be listed for 36 consecutive months, with the exception of the propane non-LDH Mont Belvieu (OPIS) BALMO swap futures, which will be listed for up to two consecutive months, and the propane non-LDH Mont Belvieu (OPIS) Swap Futures, which will be listed for up to 48 consecutive months.

 

For more information, please visit www.cmegroup.com/clearport.

 

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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