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Tue 23 Dec 2008 08:02

NYMEX launches new fuel oil contracts


Singapore 180-cst swap amongst new average price option contracts to be listed.

CME Group, the world's largest and most diverse derivatives exchange, has this week listed a number of new average price options contracts on the NYMEX (New York Mercantile Exchange) trading floor and ClearPort®.

The Singapore fuel oil 180 cst swap (C5), Singapore gasoil calendar swap (M2) and the fuel oil 3.5% Rotterdam barges swap (Q6) contracts will be listed for 36 consecutive months, beginning with the January 2009 contract.

There will be 20 strike prices in increments of $0.50 per barrel above and below the at-the-money strike price.

The contract size for the Singapore fuel oil 180 cst and fuel oil 3.5% Rotterdam barges average price options contracts will be 1,000 metric tons. The minimum price fluctuation will be $0.01 per metric ton.

The contract size for the Singapore gasoil contract will be 1,000 barrels. The minimum price fluctuation will be $0.01 per barrel.

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

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