November 11, 2011

Video: Global Crude Benchmarks with Phil Flynn

Watch Fox News Contributor and PFG.com Vice President Phill Flynn discuss factors affecting global oil prices, as well as WTI and its importance as a global benchmark for global crude oil pricing.

WTI Benchmark News & Notes

Check out our new WTI news and notes section where you can view the latest news about WTI, including a Wall Street Journal article highlighting declining oil inventories putting a premium on Near-Term contracts.

Light Sweet Crude Oil (WTI) futures and options are the world's most actively traded energy product. Customers around the world have sought out WTI futures for price discovery and risk management for more than 25 years.

 View the News & Notes section

Update: Listing of NY ULSD Related Futures and Options Contracts Moved

Please be advised that the launch schedule for NY Ultra Low Sulfur Diesel (ULSD) futures and options will be revised, and will become effective Sunday, November 20, 2011, for trade date Monday, November 21, pending all relevant CFTC regulatory periods.

See SER-5998R.

For more information, please contact Dan Brusstar at 212 299 2604 or Robert Biolsi at 212 299 2610.

Postponement of Trade at Platts 3:15 p.m. ET Marker – NY Harbor Heating Oil and RBOB Gasoline

Please be advised that the introduction of Trading at Marker (TAM) based on the Platts 3:15 p.m. ET futures assessment for NYMEX New York Harbor No. 2 Heating Oil and RBOB Gasoline futures, previously scheduled for Monday, November 7, 2011, is postponed. A new effective date will be communicated as soon as it becomes available.

For more information, please contact Dan Brusstar, Director of energy research at 212 299 2604.

All Power Futures Fees Reduced 50% through Year-End

 See all Clearing & Trading Fees

OTC Global Holdings Joins CME ConfirmHub for Energy STP

CME Group is pleased to announce that OTC Global Holdings has joined our roster of leading interdealer brokers to offer energy traders a superior straight-through-processing (STP) solution for OTC Energy trading.

Supporting brokered, exchange-traded and bilateral transactions, CME ConfirmHub allows both voice and electronic trades to be received in a standard format and then routed directly into trade capture and processing systems. This virtually eliminates the need for manual-trade entry, reduces errors and decreases trade processing costs and timelines. Via one secure API connection to ConfirmHub, trading firms can receive trades from multiple brokers and exchanges, significantly reducing costs associated with establishing and managing STP connections to multiple trading venues.

CME ConfirmHub's real-time STP enables both brokers and trading firms to meet the trade reporting and swap data repository submission requirements mandated by the Dodd-Frank Act.

OTC Global Holdings trades should be available on ConfirmHub early in the New Year.

 Learn More

Webcast Now Available on-Demand: Energy and Commodities OTC Clearing and Execution under Dodd-Frank Regulation

The "Energy and Commodities OTC Clearing and Execution under Dodd-Frank Regulation" roundtable, hosted by Energy Risk in association with CME Group, SuperDerivatives and KPMG, is now available free to view. A reminder will be sent to all registrants as soon as the roundtable is made available.

Challenges continuously arise regarding energy and commodities OTC clearing, and changes in regulations. This roundtable offers the knowledge, experience and opinions of our elite speakers on some of the key issues the industry currently faces.

The industry expert speakers are:

• CME Group: Thomas LaSala, Managing Director, Chief Regulatory Officer and Tim Doar, Managing Director, Risk Management
• KPMG: John D'Agostino, Advisor, former hedge fund manager and Nymex VP
• CW&T: Gregory Mocek, former CFTC enforcer for 8 years
• ICAP: P Patrick J. McCarty, Managing Director, Government Relations and Regulatory Affairs in the United States, former General Counsel, CFTC
• SuperDerivatives Zohar Hod, VP - Head of Americas & Global Strategic Sales

Available now on-demand, online and FREE: Register to view!

Access the Monthly Energy Review
View a global trading summary of energy markets, including product highlights, average daily volume, open interest and historical volatility.

October Energy Trading Highlights

 For more information on Exchange energy products, please visit cmegroup.com/energy, or contact one of the following Exchange representatives:

Margin Erosion Opportunities for Energy Traders

If you trade financially settled energy contracts, your margin requirements decrease, or erode, as the contract month progresses. If the contracts you trade settle according to an average of daily prices during the settlement month, we ask for margin on only the remaining risk, as a service to you, so you can use that capital more efficiently in other ways. CME Group is the only exchange for energy trading and clearing that offers this feature. Visit CME Group's margins webpage to view full initial and eroded maintenance margins for individual contracts, and to learn more about this process.

Energy Unit Conversion Calculator Available on www.cmegroup.com

Need to know how to convert $/Barrel to $/MMBtu? Want to double-check a 3-2-1 crack spread calculation? Try our online Conversion Calculator, which features the most frequently used conversions for trading in crude oil, refined products, natural gas, coal, crack spreads, spark spreads, and more.

Professional Energy Market Commentary on www.cmegroup.com

Looking for energy market commentary, from the experts, updated throughout the day?

Be sure to check out the Energy Market Commentary, where you will find experienced perspectives to help you make smart energy trading decisions. Commentators include:

• Dominick Chirichella of the Energy Management Institute
• Stephen Schork of the Schork Report
• Dean Rogers and Cynthia Kase of Kase and Co.
• Experts from CME Group Energy

Daily commentaries provide a recap of each product's traded price activity, an analysis of the factors that influenced price activity, a recap of any reports released that day, and a pre-market look ahead at the next day's schedule.

Be sure to bookmark our market commentary section and take advantage of this convenient and comprehensive resource for a variety of asset classes - available at no cost!

 View Energy Market Commentary

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About CME Group

As the world's leading and most diverse derivatives marketplace, CME Group 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 the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

More information on CME Group Products:

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