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 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/.

SuperDerivatives Chosen By A.P Moller Maersk

SuperDerivatives®, has been chosen by A.P. Moller Maersk Group to perform independent valuations for its energy options and swaps.

The A.P. Moller Maersk Group employs about 110,000 people in 130 countries. Beyond its worldwide container shipping operations and related activities, it is also involved in a wide range of activities within the oil and gas, tankers, offshore, shipbuilding, retail and manufacturing industries. Maersk Oil is a midsize international oil and gas company operating an oil production of more than 600,000 barrels per day and a sales gas production of up to 1,000 million cubic feet per day.

“With our unique position in the oil market as both producer and consumer, the A. P. Moller Maersk Group currently holds a portfolio of about 900 energy options and swaps. In order to achieve best practice standards and adhere to our corporate governance policies, we needed a third party valuation service we could depend on to complement our own in house systems. After reviewing the available valuation solutions, we came to the conclusion that the best product for the A. P. Moller Maersk Group was SuperDerivatives,” said Thomas Skytte, head of middle office & risk management, Maersk Oil Trading, which is responsible for hedging the Group’s oil price risk. “We found SuperDerivatives’ platform to be unique. It provides a one-stop-shop solution, including all market data and modelling. This not only facilitates valuation since we are not required to input our own data and curves, but also yields accurate valuations which corroborate our internal calculations.”

With energy prices reaching all time highs, the prudent use of energy derivatives is becoming more accepted by corporate treasuries, banks, hedge fund administrators and other financial participants. SuperDerivatives meets this challenge by supporting a wide range of vanilla and exotic instruments and underlying energy products with pricing, risk management and revaluation solutions. In addition to energy derivatives, SuperDerivatives supports foreign currency, interest rates, commodities, equities and credit. It can be leveraged as an automated independent portfolio revaluation service performed by SuperDerivatives Revaluation Center or as mark-to-market data including volatility surfaces, correlation data, yield curves and dividends that are easily integrated into internal systems.

SD-Revaluation is powered by SuperDerivatives’ award-winning benchmark pricing model and provides unmatched coverage and true market values for an extremely broad range of vanilla and exotic instruments.

“We are delighted that A.P. Moller Maersk, one of the world’s largest corporations, has chosen SuperDerivatives to value its energy derivatives portfolios after seeing that our revaluation service provides results that coincide with inter-bank prices,” said Dani Weigert, head of revaluation services, SuperDerivatives. ”In 2006 during a time of financial turmoil involving the energy markets, SuperDerivatives increased its expertise in this sector with many hedge funds and prime brokers turning to us for derivatives pricing and valuations. Our unique combination of award-winning, real-time derivatives data and a unique model that generates true inter-bank prices, while matching all market conventions has made SuperDerivatives a leading provider of independent revaluation services for the buy and sell side.”