Contracts based on Platts’ physical market price assessments in natural gas, fuel oil
CME Group, the Chicago-based derivatives marketplace, today introduced trading and clearing services for six new petroleum futures contracts based on Platts’ physical market price assessments in natural gas and fuel oil. Platts is a global energy and metals information provider and a publisher of global benchmark price references since 1909.
Visit the CME website or the link here for a listing of CME’s new swap futures contracts based on Platts’ published price assessments.
With this announcement, the total number of CME contracts settled on physical market price assessments published by Platts is about 370. The first trading and clearing date for these contracts is April 26.
“These contracts will serve our international customers, who look to CME Group to launch innovative new products that help them mitigate risk in specialized energy markets,” said Joe Raia, CME group managing director of energy products and services in an April 15 press release announcing the launch. “The ability to use the capital efficiencies of CME Group’s cross margining spread credits also adds financial savings that are beneficial to our customers.” CME said the first-listed month will be the May 2010 contract.