News Release

CME Group Announces the Launch of Clearing Services for Ethylene Futures

Mon Jun 01 2009

CHICAGO, June 1 /PRNewswire-FirstCall/ -- CME Group Inc., the world's largest and most diverse derivatives exchange, today announced the launch of clearing services for a new Mont Belvieu ethylene futures contract, scheduled to launch on June 14 for trade date June 15. 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 commodity code for the new contract will be 1F. It will be listed for up to 24 consecutive months beginning with the July 2009 contract and will be settled against the PetroChem Wire (PCW). The contract will allow an important part of the petrochemical market to hedge their risk with this new physically settled contract.

 

For more information, please visit www.cmegroup.com/clearport. For more information about the index, please visit www.petrochemwire.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 Inc.

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

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