CME Group has revised its previously-announced schedule for the introduction of clearing services for the following over-the-counter (OTC) Ethanol products:
- New York Harbor, Los Angeles and Gulf Coast Denatured Fuel Ethanol Basis Swaps;
- Cash-settled Denatured Fuel Ethanol Options.
Previously scheduled for October 5, 2007, the commencement date for clearing services in these products has been changed to Monday October 15, 2007.
In addition, CME Group clearing services will begin on October 15, 2007 for OTC Cash-settled Options on Denatured Fuel Ethanol Forward Month Calendar Swaps.
Another new CME Group Ethanol product, Chicago Board of Trade (CBOT®) Denatured Fuel Ethanol Options, will be launched on October 5, 2007 for electronic trading on e-cbot®, as previously announced.