Wednesday, September 19, 2007

Chicago Mercantile Exchange to List Options on Ethanol Futures

In a continuing sign that ethanol is taking root in the American economy, the CME, the parent company of the Chicago Mercantile Exchange, has said that it will start listing options on ethanol futures.

It will also begin to offer clearing services for cash-settled options and options on forward month swaps. Centralized clearing includes the benefits of daily mark-to-market margining and reduced counterparty risk.

Ethanol futures have been trading at the Chicago Board of Trade (CBOT) which is now part of the CME Group since March 2005.

The options are slated to begin trading on e-cbot Oct. 5 and on the CME Globex platform in January.

Source: CME

READ MOREAddThis Social Bookmark Button

Food and Fuel

Good and Balanced Food and Fuel News!

No comments: