CME Group Inc. introduces ten new natural gas basis swap futures contracts, scheduled to begin trading on 22 February for trade date 23 February.
These contracts are listed with, and subject to, the rules and regulations of NYMEX. The products will trade on the CME ClearPort electronic clearing and trading system.
The new contracts and their commodity codes will be: Columbia Gulf Mainline (5Z); Florida Zone 2 (8A); OneOk, Oklahoma (8X); Southern Star, Texas, Oklahoma, Kansas (8Z); Tennessee 800 (6Z); Texas Eastern West LA (8B); Texas Gas Zone 1 (9F); Transco Zone 1 (8E); Transco Zone 2 (8F); and SoCal Citygate (9A).
The contracts will be 2,500 MMBtus in size with a minimum price fluctuation of $0.0025 per MMBtu. Trading will begin with the April 2009 contract and will be listed for the current year plus the next five years.
L.D.