CME Group, today announced that it will launch European style options on the European gasoil bullet swaps futures contract and average price options on the European gasoil calendar swaps futures contract, on ClearPort(R) and the New York energy trading floor, beginning November 2 for trade date November 3.

The European style gasoil options contract (commodity code: F8) will be listed for 36 consecutive months, beginning with the November 2008 contract. The bullet swap contract expires one day before the gasoil futures contract.

The average price gasoil options contract (commodity code: F7) will be listed for the balance of the current year, plus each calendar month for the following two years.

Both contracts will be 1,000 metric tons in size with a minimum price fluctuation of $0.01 per metric ton. There will be 20 strike prices in intervals of $5.00 per metric tons above and below the at-the-money strike price.

CME Group Announces Gas And Plastics Futures

CME Group, today announced that it will launch five new natural gas liquids swaps futures contracts and two plastics futures contracts on ClearPort(R), beginning November 2 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.

For more information, please visit http://www.nymex.com/.

CME Gas Trading

CME Group is launching 18 new natural gas basis, index and swing swaps futures contracts on ClearPort(R), beginning on October 19 for trade date October 20.

The new futures contracts and their commodity codes are: NGPL STX natural gas basis swap (T5); Algonquin Citygate natural gas basis swap (B4); TCO natural gas index swap (Q1); TETCO STX natural gas index swap (Q2); Tennessee Zone 0 natural gas index swap (Q4); Transco Zone 3 natural gas index swap (Y6); Tennessee 500 leg natural gas index swap (Y7); MichCon natural gas index swap (Y8); CIG Rockies natural gas index swap (Z8); TCO natural gas swing swap (A1); TETCO STX natural gas swing swap (T2); Tennessee Zone 0 natural gas swing swap (T4); Malin natural gas swing swap (W9); Stanfield natural gas swing swap (Q3); Transco Zone 3 natural gas swing swap (T6); Tennessee 500 leg natural gas swing swap (T7); MichCon natural gas swing swap (T8); and CIG Rockies natural gas swing swap (U8).

The basis and index swap futures contracts will be listed for 36 consecutive months, and the swing swap futures contracts will be listed for two consecutive months. The first listed month for all contracts will be November 2008.
The contract will be 2,500 mmBtus (10,000 million British thermal units) in size with a minimum price fluctuation of $0.0025 per mmBtu. For more information, please visit http://www.nymex.com/.