CME Group announces 14 new petroleum swap futures contracts, scheduled to begin trading on 22 March for trade date 23 March. The products will be available through CME ClearPort(R).
The new swap futures contracts and their commodity codes will be: Argus biodiesel RME Barges Rotterdam (1A); Brent CFD (Platts) vs. Brent front month (Platts) (1C); group three unleaded gasoline (Platts) (A9); group three unleaded gasoline (Platts) vs. RBOB spread swap (A8); group three ULSD (Platts) (A7); group three ULSD (Platts) vs. heating oil spread (A6); RBOB gasoline BALMO (1D);
RBOB crack spread BALMO (1E); heating oil BALMO calendar (1G); heating oil crack spread BALMO (1H); Gulf Coast gasoline crack spread BALMO (1J); gasoline up-down BALMO (1K); ULSD up-down BALMO (1L); and jet up-down BALMO (1M).
The first listed month will be April 2009 for all of the contracts. The BALMO swap futures will be listed for two consecutive months; the Brent CFD (Platts) vs. Brent front month (Platts) swap futures contract will be listed for three consecutive months; the Argus biodiesel RME Barges Rotterdam swap futures contract will be listed for 24 consecutive months; and the Group Three contracts will be listed for 36 consecutive months.
L.D.