September 1, 2009

Topics include:

Delisting of Contract Months for Three Natural Gas Liquid Contracts
Listing of Contract Months for New York Harbor No. 2 Heating Oil Futures, Options, and Swaps
2009 Technology and Market Access Showcase – Wednesday, September 16
European Gasoil (ICE) Futures on CME Globex
Energy Update - Archive



Delisting of Contract Months for Three Natural Gas Liquid Contracts

As of August 28, 2009, the Exchange will delist the back contract months for three natural gas liquid (NGL) contracts as reflected below and will not list additional contract months beyond December 2012. These contracts are available through CME ClearPort. Please note that these NGL contracts only accommodate for a four-decimal point price and are being delisted as a result of the listing by the Exchange of similar contracts that accommodate for a five-decimal point price.

Contract

Code

Chapter

Contract Month
to be Delisted

Mont Belvieu Ethane (OPIS) Swap

W8

586

January 2013 – July 2013

Mont Belvieu Normal Butane (OPIS) Swap Contract

Z2

588

January 2013 – July 2013

Mont Belvieu Propane (OPIS) Swap

PT

581

January 2013 – July 2013


Should you have any questions, please contact Daniel Brusstar at (212) 299-2604.

Listing of Contract Months for New York Harbor No. 2 Heating Oil Futures, Options, and Swaps

Please be advised that the Exchange will not list additional contract months in the New York Harbor No. 2 Heating Oil Futures contract beyond the existing August 2012 contract month, due to upcoming, proposed regulatory changes related to the sulfur content of heating oil in the New York Harbor area. The proposed legislation, currently pending in New Jersey and New York State, intends to reduce the sulfur level in heating oil. The Exchange will continue to monitor these developments in the coming weeks.

The contracts listed below will continue to be listed for trading through August 2012:

Contracts

Code

Rule Chapters

Venue

New York Harbor No. 2 Heating Oil

HO

150

CME Globex, CME ClearPort & Trading Floor

Heating Oil Option Contract

OH

320

CME Globex, CME ClearPort & Trading Floor

Heating Oil Calendar Spread Options Contract

FA

392

CME ClearPort &
Trading Floor

Heating Oil Calendar Spread Options Contract

FB

392

CME ClearPort &
Trading Floor

Heating Oil Calendar Spread Options Contract

FC

392

CME ClearPort &
Trading Floor

Heating Oil–Crude Oil Spread Option Contract

CH

350

CME Globex &
Trading Floor

New York Harbor Heating Oil Look-Alike Option

LB

551

CME ClearPort &
Trading Floor


The Exchange will not list additional months beyond June 2012 for the following twenty-three Heating Oil-related swap futures contracts:

Contracts Listed Through June 2012

Code

Rule Chapters

Venue

Group Three ULSD (Platts) vs. Heating Oil Spread Swap

A6

325

CME ClearPort

Gulf Coast Heating Oil (Argus) vs. Heating Oil Spread Swap Futures

7U

244

CME ClearPort

Gulf Coast Heating Oil (Argus) Swap Futures

4U

243

CME ClearPort

Heating Oil Arb Swap: NYMEX Heating Oil v. Rdam
Gasoil Contract

HA

725

CME ClearPort

Jet Up-Down (Argus) Swap

JU

570

CME ClearPort

Gulf Coast Jet vs. New York Harbor No. 2 Heating Oil Spread Swap

ME

608

CME ClearPort

Los Angeles CARB Diesel (OPIS) Spread Swap

KL

575

CME ClearPort

Los Angeles Jet (OPIS) Spread Swap

JS

577

CME ClearPort

LA Jet Fuel vs. New York Harbor No. 2 Heating Oil
Spread Swap

MQ

609

CME ClearPort

New York Harbor Heating Oil Calendar Swap

MP

603

CME ClearPort

NYMEX New York Harbor Heating Oil Crack Calendar Swap

HK

523

CME ClearPort

New York Heating Oil (Platts) vs. NYMEX Heating Oil Swap

YH

541

CME ClearPort

New York Jet Fuel (Argus) vs. Heating Oil Spread Swap

5U

248

CME ClearPort

New York Jet Fuel (Platts) vs. Heating Oil Swap Futures

1U

413

CME ClearPort

New York ULSD (Argus) vs. Heating Oil Spread
Swap Futures

7Y

246

CME ClearPort

NYMEX No. 2 Up-Down Spread Calendar Swap (Platts)

UT

515

CME ClearPort

NY ULSD vs. NYMEX HO Spread Swap

UY

564

CME ClearPort

RBOB vs. Heating Oil Swap

RH

558

CME ClearPort

ULSD Up-Down (Argus) Swap

US

569

CME ClearPort

Up-Down Gulf Coast Low Sulfur Diesel (LSD) vs. NYMEX HO Spread Swap

YL

745

CME ClearPort

Heating Oil Financial Futures Contract

BH

825

CME ClearPort & Trading Floor

Heating Oil Crack Spread Average Price Option

3W

523a

CME ClearPort & Trading Floor

Heating Oil Average Price Option

AT

321

CME ClearPort & Trading Floor


Further, the Exchange will not list additional contract months beyond July 2012 for the following contract:

Contract Listed Through July 2012

Code

Rule Chapters

Venue

Up-Down Gulf Coast ULSD vs. NYMEX HO Spread Swap

LT

746

CME ClearPort


Should you have any questions concerning the above, please contact at Daniel Brusstar at (212) 299-2604.

2009 Technology and Market Access Showcase – Wednesday, September 16

Register now to join CME Group and our partners on the New York trading floor for a chance to learn more about innovative trading technology and market access options. Speak with industry experts and watch informative live demos covering a variety of topics, including:

  • OTC access and matching technology
  • Deal collaboration and liquidity management
  • Advanced options functionality

Hors d’oeuvres and beverages will be served.

 Go to www.cmegroup.com/techshowcase to register for this event.

European Gasoil (ICE) Futures on CME Globex

On Monday, August 24, 2009, the Exchange listed a European Gasoil (ICE) futures contract for trading on the CME Globex electronic trading platform and for submission for clearing through CME ClearPort.

BENEFITS:

  • Tick size of $5 ($0.05 per metric ton) allows for flexibility executing cracks and spreads
  • Gain margin and capital efficiencies by hedging your risk to both European gasoil and Brent crude oil futures, along with the benchmark WTI and heating oil futures (receive a 70 percent reduction in initial margin), on a single exchange
  • CME Globex code = GLI
  • CME ClearPort code = 7F
 To learn more about European Gasoil Futures, click here.
 To access FREE real-time quotes, click here.