News Release

CME Group Announces Launch of U.S. Aluminum Swap Futures

Wed Apr 11 2012

CHICAGO, April 11, 2012 – CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of Aluminum MW U.S. Transaction Premium Platts (25MT) Swap Futures to begin trading on the trading floor and clearing through CME ClearPort on April 30. These contracts are listed by and subject to the rules of COMEX.

 “Increasing industrial demand from Asia and growing competition for resources have led to increased price volatility in some raw materials, like aluminum,” said Harriet Hunnable, CME Group Managing Director, Metals. “This new, innovative aluminum swap futures contract will enable commercial market participants in North America to better manage their price risk on an average basis throughout the month.”

 The introduction of aluminum swap futures for the North American market will enhance CME Group’s already broad range of hedging tools for the precious, ferrous and base metals markets.

 Additionally, the contract is based on the Platts Aluminum Midwest US Transaction based index for spot price transactions of aluminum in the Midwestern United States, where a significant number of North American aluminum transactions are executed.

 For more information on CME Group’s metals products, please visit www.cmegroup.com/metals.

                 As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing providers, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®.  These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets. 


                CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered 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 (NASDAQ: CME) and its products can be found at www.cmegroup.com

 

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