Rochester, NY 7/9/2009 11:50:39 PM
WhisperfromWallStreet.com Afternoon Shakers - CME - CME Group Announces the Launch of New Petroleum Average Price Options Contracts
CME Group Inc.,CME
WhisperfromWallStreet.com Afternoon Shakers - CME - CME Group Announces the Launch of New Petroleum Average Price Options Contracts
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CME Group Inc.,CME
Last Trade: 269.96
Day's Range: 263.38 - 272.33
52wk Range: 155.06 - 440.00
Volume: 945,484
CME Group, the world's largest and most diverse derivatives exchange, today announced the launch of trading and clearing services for three new financially settled petroleum crack spread average price options contracts. Trading will be available on the New York trading floor and clearing services will be available through CME ClearPort®, a set of flexible clearing services open to over the counter (OTC) market participants to significantly mitigate counterparty risk and provide capital efficiencies across asset classes, beginning on July 19 for trade date July 20. These contracts are listed by NYMEX, and are subject to NYMEX rules and regulations.
270.62 Up 6.72 (2.55%) 12:35PM ET
ABOUT THE COMPANY
CME Group Inc. operates two self-regulatory futures exchanges, CME and CBOT. The company offers an array of products available across various asset classes, including futures and options on futures based on interest rates, equity indexes, foreign exchange, agricultural commodities, and alternative investments, such as weather and real estate. It provides various products that provide a means for hedging, speculation, and asset allocation relating to the risks associated with interest rate sensitive instruments, equity ownership, changes in the value of foreign currency, and changes in the prices of commodities. The company also owns a clearing house, CME Clearing.
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