News Release

CME Group Announces the Launch of Clearing Services for New Petroleum Swap Futures

Fri Jul 24 2009



CHICAGO, July 24 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, today announced the launch of clearing services for nine new petroleum swap futures contracts. Clearing will be available through CME ClearPort(®), a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes, beginning on August 2 for trade date August 3. These contracts are listed for trading by NYMEX through CME ClearPort, and are subject to NYMEX rules and regulations.


The new swap futures contracts and their commodity codes will be: dated Brent (Platts) daily (7G); premium unleaded gasoline 10 PPM (Platts) Rotterdam FOB barges (7L); premium unleaded gasoline 10 PPM (Platts) Rotterdam FOB barges BALMO (7N); EuroBob gasoline 10 PPM (Platts) Rotterdam FOB barges (7P); EuroBob gasoline 10 PPM Rotterdam FOB barges BALMO (7S); gasoline EuroBob Oxy (Argus) Northwest Europe (7H); gasoline EuroBob Oxy (Argus) NWE barges BALMO (7R); gasoline EuroBob Oxy (Argus) NEW barges crack spread (7K); and gasoline EuroBob Oxy (Argus) NWE barges crack spread BALMO (7I).


These contracts are being listed in response to customer demand, particularly as large European oil trading firms and over-the-counter brokers adjust to changes in environmental regulations in the European oil industry.


The first listed month for these contracts will be August 2009. The dated Brent swap futures contract will be listed for three consecutive months. The BALMO swap futures contracts will be listed for one month and the following month for 10 business days prior to the start of the contract month. All of the other contracts will be listed for 36 consecutive months.


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CME Group ( is the world's largest and most diverse derivatives marketplace. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."


The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at








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