June 29, 2011

Singapore Trading at Marker (TAM) to Launch

CME Group is pleased to announce that effective trade date Monday, Jul. 11, 2011, the Exchange will offer Trading at Marker (TAM) based on the Singapore market close at 4:30 p.m., Singapore time (3:30 a.m. CT during U.S. Daylight Savings Time). TAM is a hedging tool designed to link the U.S. and Asian markets more closely, particularly the CME Group Light Sweet Crude Oil (WTI) Futures and Brent Crude Oil Last Day Financial Futures contracts.

Like Trading at Settlement (TAS), TAM parties will be permitted to trade at a differential that represents a not-yet-known price. However, Singapore TAM trading uses the Exchange determined Singapore marker price as opposed to the Exchange determined settlement price. Additionally, Singapore TAM trading has been made available for the spot month on the last trading day of the underlying futures contract. This will enable a more perfect hedge with futures positions better aligned to their OTC-cleared counterparts.

TAM will have a staggered Sunday Pre-Open at 5:20 a.m. and 5:50 a.m. Singapore Time during U.S. Daylight Savings Time (4:20 p.m. and at 4:50 p.m. CT).

Further details on Singapore TAM are available in Special Executive Report 5794.

Please also note that London TAM is available as of Jun. 13, 2011. For details, please read Special Executive Report 5788.

For more information, please contact Daniel Brusstar, +1 212 299 2604; Bill Doherty, +1 212 299 2925; or Mike Cazakoff, +1 212 299 2934.

The World's Most Liquid Benchmark: Light Sweet Crude Oil (WTI) Futures and Options

Open interest in WTI Crude Oil futures (CL), the world's most liquid crude oil benchmark, continued to post double-digit increases compared to the previous year, growing 19.2 percent as of Jun. 27, 2011. Total weekly volume reached 3.35 million contracts last week and averaged 3.53 million contracts in the past four weeks.

The WTI Crude Oil Options Complex attained open interest of 7,123,743 contracts as of Jun. 27, 2011. Total weekly volume averaged 900,365 contracts in the last four weeks.

To learn more about global benchmark Light Sweet Crude Oil (WTI) futures and options, please be sure to visit www.cmegroup.com/wti, where you will find a wealth of educational resources and up-to-the minute quote information.

Crude Oil Contract Launch - Dated Brent (Platts) Average Price Options

Effective trade date Monday, Jul. 11, 2011, the Exchange will list a crude oil options contract, DBP: Dated Brent (Platts) Average Price Options, for open outcry trading on the New York trading floor and for clearing through CME ClearPort.

For rates and fees, please read Special Executive Report 5790

The contract is listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.

For more information, please contact Robert Biolsi, +1 212 299 2610.

Crude Oil and Natural Gas Contract Launch - NYMEX Short-Term Options

Effective trade date Monday, Jul. 18, 2011, the Exchange will list three new short-term options contracts on crude oil and natural gas trading on CME Globex and the New York trading floor, and for submission for clearing through CME ClearPort. On the evening preceding each trade date, a new contract with a one-week expiration will list with a ticker symbol coinciding with the expiration date. As each contract expires, a new one expiring seven calendar days thereafter will be listed in its place. A listing will be skipped if its expiration date coincides with that of an associated monthly option. The contracts are:

• C01-C31: NYMEX Short-Term Crude Oil Options
• U01-U31: NYMEX Short-Term Natural Gas Options

For rates and fees, please read Special Executive Report 5083.

The contract is listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.

For more information, please contact Robert Biolsi, +1 212 299 2610.

Natural Gas Records - Futures Volume Joins Open Interest Advance

NG: Henry Hub Natural Gas Futures volume reached its fifth record high for the year, with 553,738 contracts traded on Jun. 9, 2011. Open interest, meanwhile, continued its push beyond the million contract mark, setting records in close succession culminating in a high of 1,013,660 contracts as of Jun. 14, 2011.

Natural Gas Rule Change - Pine Prairie Natural Gas Futures to Expand Trading and Clearing Sessions

Effective trade date Monday, Jul. 11, 2011, the Exchange will expand the hours of trading and clearing for three Pine Prairie Energy Center (PPEC) physically delivered natural gas futures contracts. The contracts are:

• PPD: Pine Prairie Energy Center (PPEC) Physically Delivered Natural Gas Daily/Weekend Futures
• PPB: Pine Prairie Energy Center (PPEC) Physically Delivered Natural Gas BALMO Futures
• PPM: Pine Prairie Energy Center (PPEC) Physically Delivered Natural Gas Monthly Futures

For expanded trading and amended clearing hours, please read Special Executive Report 5795.

The contracts are listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.

For more information, please contact Patrick McKinnon, +1 713 658 9299.

Electricity Contract Launch - SoCal Swap (Platts IFERC) Futures

Effective trade date Monday, Jun. 27, 2011, the Exchange has listed a new natural gas swap contract, XN: SoCal Swap (Platts IFERC) Futures, for open outcry trading on the New York trading floor and for clearing through CME ClearPort.

For rates and fees, please read Special Executive Report 5802.

The contract is listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.

For more information, please contact Bradford Leach, +1 212 299 2609; or Patrick McKinnon, +1 713 658 9299.

Coal Contract Launch - Four New Options on Coal Swap Futures

Effective trade date Monday, July 11, 2011, the Exchange will list four new options contracts for open outcry trading on the New York trading floor and for submission for clearing through CME ClearPort. The Exchange will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort per Exchange Rule 538. The contracts are:

• CQA: Coal (API 2) cif ARA (ARGUS-McCloskey) Options on Quarterly Futures Strip
• CLA: Coal (API 2) cif ARA (ARGUS-McCloskey) Options on Calendar Futures Strip
• RQA: Coal (API 4) fob Richards Bay (ARGUS-McCloskey) Options on Quarterly Futures Strip
• RLA: Coal (API 4) fob Richards Bay (ARGUS-McCloskey) Options on Calendar Futures Strip

Please note in particular that these products have non-standard exercise procedures in which on exercise, each of these options will result in the delivery of a strip of swap NYMEX swap futures contracts. For exercise procedures, rates and fees, please read Special Executive Report 5817.

The contract is listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.

For more information, please contact Justin Bozzino, +44 20-7796-7132; or Richard Stevens, +44 20-7796-7129.

Events - Commodities and Energy Risk Management Seminar

Please join CME Group, the Arditti Center for Risk Management, and three leading energy market experts for a panel discussion on commodity investing, shifts in the U.S. regulatory environment, and strategies for hedging oil price risk. Topics will include the impact of the impending Dodd-Frank legislation on liquidity, commodity product innovations, and contrasting perspectives between commercial and non-commercial hedgers.

SPEAKERS
Hilary F. Till, Research Associate, EDHEC-Risk Institute; Principal, Premia Capital Management
Jeff Mantel, Ph.D., CEO, Mantel Group
Nedia Miller, Founder, MILLER CTA; CME GROUP

WHEN
Thursday, Jun. 30
5:30-7:30 p.m. CT

WHERE
CME Group Headquarters
Auditorium, 20 S. Wacker Dr.
Chicago, IL

To register today, contact the Arditti Center for Risk Management.

Events - Introducing the School of Futures

If you make your living in the business world, you owe it to yourself to gain a firm grasp of futures and options fundamentals. The CME Group School of Futures, a comprehensive, five-day program created by CME Group experts, is the perfect opportunity for students of all ages to master the concepts, mechanics, history and strategies that define today's derivatives markets. Interactive discussions and hands-on trading sessions will deepen and solidify your command of these crucial financial tools in all of the various asset classes and product complexes.

Space is limited. Enroll today.

DETAILS

New York: Jul. 18-22, 2011

Registration Fee: $750

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.

FirstCall Market Squawk - An Integrated, Vocal, Bespoke Media Service

Be sure to check out FirstCall Market Squawk, which provides traders, brokers and private clients with an up-to-the-second audio alert service. Market Squawk aggregates market news, sentiment and trends as they develop - helping you to react quickly and confidently to daily events as their expert analysts and broadcasters provide you with valuable insight.

 For more information please visit http://fcmarketsquawk.com/about.

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!

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