CME Group set to offer ethanol futures options
August 27, 2007
BY Bryan Sims
Posted Sept. 18, 2007, at 12:50 p.m. CDT
CME Group, the world's largest and most diverse exchange, announced the listing of options on ethanol futures, tools for customers to better manage risk in the energy industry, scheduled to begin trading electronically on e-CBOT Oct. 5 and then on the CME Globex platform in January.
In addition, clearing services will be offered for cash-settled options on ethanol futures, which is scheduled to begin Oct. 5 as well as for options on Ethanol Calendar Swaps, also known as forward month swaps that will be offered this fall. Centralized clearing includes the benefits of daily market-to-market margining and reduced counterparty risk.
Ethanol futures have been trading at the CBOT, now part of the CME Group, since March 2005. The ethanol futures prices will be used in the settlement of both the options on ethanol futures and the cash-settled options. Forward Month Ethanol Swaps, launched in Dec. 2006, will serve as the underlying value for those options.
To learn more about CME Group and its products visit www.cmegroup.com.
CME Group, the world's largest and most diverse exchange, announced the listing of options on ethanol futures, tools for customers to better manage risk in the energy industry, scheduled to begin trading electronically on e-CBOT Oct. 5 and then on the CME Globex platform in January.
In addition, clearing services will be offered for cash-settled options on ethanol futures, which is scheduled to begin Oct. 5 as well as for options on Ethanol Calendar Swaps, also known as forward month swaps that will be offered this fall. Centralized clearing includes the benefits of daily market-to-market margining and reduced counterparty risk.
Ethanol futures have been trading at the CBOT, now part of the CME Group, since March 2005. The ethanol futures prices will be used in the settlement of both the options on ethanol futures and the cash-settled options. Forward Month Ethanol Swaps, launched in Dec. 2006, will serve as the underlying value for those options.
To learn more about CME Group and its products visit www.cmegroup.com.
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