CME Group delays clearing of ethanol futures options

October 3, 2007

BY Bryan Sims

Web exclusive posted Oct. 4, 2007, at 12:46 p.m. CDT

CME Group Inc., the parent company of the world's largest futures exchange, announced that it has delayed offering clearing services for two over-the-counter (OTC) ethanol products until Oct. 15. Originally, the group was going to begin offering clearing services for New York Harbor, Los Angeles and Gulf Coast denatured fuel ethanol basis swaps and cash-settled denatured fuel ethanol options on Oct. 5. The CME Group will begin clearing OTC cash-settled options on denatured ethanol forward month calendar swaps on Oct. 15. Additionally, the group will continue to launch CBOT denatured fuel ethanol options as scheduled on Oct. 5 for electronic trading as previously announced.

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