October 27, 2011

WTI Benchmark News & Notes

Check out our new WTI news and notes section where you can view the latest news about WTI including the Financial Times article about the narrowing of the WTI-Brent price spread which highlights the effects of the proposed pipeline projects in and around Cushing. You will need to register at no cost on the FT website to read the complete article.

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 WTI Benchmark News & Notes

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

Pending regulatory approval, effective for trade date Monday, November 7, 2011, the Exchange will introduce Trading at Marker (TAM) based on the Platts 3:15 p.m. ET futures assessment, of the front three months, for NYMEX New York Harbor No. 2 Heating Oil and RBOB Gasoline futures, and in intra commodity spreads between the first and second, first and third, and second and third contract months in those products.

TAM trading on the Platts 3:15 p.m. ET futures assessment will be conducted pursuant to NYMEX Rule 524.

Pending regulatory approval, also effective for trade date November 7, 2011, TAM trading on the Platts 3:15 p.m. ET futures assessment in NYMEX Heating Oil and RBOB Gasoline futures will be eligible to be executed as block trades pursuant to the requirements of Rule 526.

Additional information on TAM block trades, including the minimum TAM block trade quantity thresholds, is set forth in the NYMEX & COMEX Market Regulation Advisory Notice RA1108-4.

 Read Special Executive Report 5983

Expansion of Listing Schedule for Midwest ISO Cinergy Hub Electricity

Effective for trade date Monday, October 24, 2011, the Exchange has expanded the listing schedule for Midwest ISO Cinergy Hub contracts.

The Midwest ISO Cinergy contracts, rule chapter, commodity codes, the current last listed contract month, and the new listing schedule are listed here.

For more information, please contact Brad Leach at 212 299 2609 or Adila Mchic at 212 299 2270.

Webcast Archive: 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, will be available on-demand soon and will be 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

On-demand, online and FREE: Register now!

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

September 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

Don't Miss a Minute of CME Group News!

Visit our Subscription Center and choose to receive the information you need most, including CME Globex updates, market data notices, product and partner subscriptions, advisories, newsletters and more. You choose, we deliver.

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:

Agriculture   |   Interest Rates   |   Energy   |   Equities   |   Metals   |   FX   |   Weather   |   CME ClearPort   |   Credit