CME To Launch New Natural Gas Liquids Swaps, Plastics Futures Contracts

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CME Group, the world's largest and most diverse derivatives exchange, today announced that it will launch five new natural gas liquids swaps futures contracts and two plastics futures contracts on ClearPort, for trade date November 3.

The natural gas liquids swaps contracts and their commodity codes are: Conway propane (OPIS) (W1); Mont Belvieu natural gasoline (OPIS) (W3); Mont Belvieu ethane (OPIS) (W8); Mont Belvieu isobutene (OPIS) (Y2); and Mont Belvieu normal butane (OPIS) (Z2).

These contracts will be cash-settled using OPIS assessments. They will be listed for 36 consecutive months, beginning with the November 2008 contract, and will be 42,000 gallons in size.

The plastics futures contracts and their commodity codes are: polypropylene (P1) and polyethylene (P6). The contracts will be listed for 24 consecutive months, beginning with the January 2009 contract, and will be 47,000 pounds in size. They will feature physical delivery in Houston. -- www.cme.com

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Posted November 3rd, 2008 by ruzik_tuzik

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