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NYMEX Brent 25-Day Futures Contract
Ideal Hedging Solution for the 25-Day Brent Forward Market
CME Group’s new NYMEX Brent 25-Day (Platts) futures contract based on the Platts Market on Close (MOC) assessment provides a critical hedging solution with true transparency that converges directly with the new 25-Day Brent forward market. This new slate of Brent 25-Day futures and options contracts accurately represents the underlying 25-Day
Brent cash market, and provides a superior convergence mechanism for the Brent
market. The new contracts offer an ideal hedge for Brent-related price risk, at a time
when the Brent market is undergoing a transformation. These Brent products
address the changing hedging needs of our customers, and offer a better
hedging solution than the existing Brent Futures contracts.
Key Benefits
- An ideal hedging solution for the new 25-Day Brent forward market, beginning with the February 2012 contract month
- Final settlement is based on the Platts 25-Day Brent cash assessment, using the Platts Market on Close (MOC) methodology: the industry standard for Brent pricing
- Dual listing for the full calendar year 2012 of the new NYMEX Brent 25-Day (Platts) futures contract, alongside the existing ICE Brent futures contract that has its expiry based on the 15-Day Brent market
- Direct convergence with the new 25-Day Brent cash market, based on the highly transparent Platts Market on Close methodology
- New standard of transparency in the convergence mechanism, based on the Platts 25-Day Brent forward assessment
- Full suite of new Brent 25-Day futures and options contracts provides all the hedging tools for managing the price risk in the new 25-Day Brent market
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CME Group Launches New NYMEX Brent Crude Contract |
