By ruzik_tuzik on 2008-11-18 
CME Group, the world's largest and most diverse derivatives exchange, today announced that it will launch a Central Appalachian coal options contract, on ClearPort and the New York energy trading floor, beginning November 23 for trade date November 24.
The American style options contract (commodity code: C1) will be listed for the current year plus the next four years, beginning with the January 2009 contract. It will be 1,550 tons in size with a minimum price fluctuation of $0.01 per ton.
There will be five strike prices in increments of $2.50 per tons above and below the at-the-money strike price. -- www.cme.com
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
