Chicago, 9 September 2009
CME Group, the world's largest and most diverse derivatives marketplace, today announced the launch of trading and clearing services for 12 new petroleum products futures and options.
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 substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. Trading and clearing are scheduled to begin on September 20 for trade date September 21. These contracts are listed by and subject to the rules and regulations of NYMEX.
The contracts and commodity codes will be:
– Singapore Mogas 95 unleaded ( Platts) swap futures (V0)
– Singapore Mogas 95 unleaded (Platts) BALMO swap futures (W0)
– Singapore Mogas 97 unleaded (Platts) swap futures (X0)
– Singapore Mogas 97 unleaded (Platts) BALMO swap futures Y0)
– Singapore jet kerosene vs. gasoil spread (Platts) BALMO swap futures (Z0)
– Diesel 10 ppm Northwest Europe Le Havre (Platts) CIF NWE swap futures (S1)
– Diesel 10 ppm NWE Le Havre (Platts) CIF NWE vs. ICE gasoil swap futures (S3)
– Diesel 10 ppm NWE Le Havre (Platts) CIF NWE vs. ICE gasoil BALMO swap futures (S5)
– Diesel 10 ppm UK (Platts) CIF NWE swap futures (S6)
– Diesel 10 ppm UK (Platts) CIF NWE vs. ICE gasoil swap futures (S8)
– Diesel 10 ppm UK (Platts) CIF NWE vs. ICE gasoil BALMO swap futures (T1)
– Singapore fuel oil 380 cst swap (Platts) average price options (8H)
The Asian products will help mitigate risk in the Singapore regional gasoline and fuel oil markets, while the European products are being listed to address a new regulatory specification that requires a lower sulfur content.
The first listed month will be the October 2009 contract. The BALMO contracts will be listed for one month and the following month for 10 business days prior to the start of the contract month. All other contracts will be listed for 36 consecutive months.
The Singapore fuel oil cst swap (Platts) average price options contract will be $1,000 metric tons in size and will have a minimum price fluctuation of $0.01 per metric ton. There will be 20 strike prices in increments of $0.50 per barrel above and below the at-the-money strike price.





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