LONDON, Jan. 26, 2015
/PRNewswire/ -- CME Group, the world's leading and most diverse
derivatives market place, announced today the launch of six new
additional European Natural Gas cleared future contracts on CME
Europe, adding to the four physically delivered and eight
financially settled contracts which launched and began trading on
Monday 19 January 2015.
These additional European natural gas cleared futures contracts
are all financially settled. They are UK, Dutch and German Daily and Italian Calendar Month futures
as follows: UK NBP Natural Gas (ICIS Heren) Daily Future; Dutch TTF
Natural Gas (ICIS Heren) Daily Future; German NCG Natural Gas (ICIS
Heren) Daily Future; German Gaspool Natural Gas (ICIS Heren) Daily
Future; Italian PSV Natural Gas (ICIS Heren) Calendar Month Future;
Italian PSV Natural Gas (ICIS Heren) vs. Dutch TTF Natural Gas
(ICIS Heren) Spread Calendar Month Future. The contracts will be
listed on CME Group's European exchange, CME Europe, for first
trade date on Monday 2 February 2015
and are authorised and approved by the United Kingdom (UK) Financial Conduct
Authority. All our European natural gas contracts will be available
on Clearport, Globex and distributed via the Trayport platform
alongside other exchange products.
"Following the promising launch of European natural gas cleared
futures on CME Europe this week, these contracts further expand the
choice we now offer gas market participants to serve their risk
management needs as they show increased interest in using cleared
futures alongside their traditional over-the-counter positions,"
said Martin Fraenkel, Global Head of
Energy, CME Group.
Natural gas is a key component in Europe's energy supply chain and is widely
used across a number of different industrial sectors. The method of
delivery includes pipelines, liquefied natural gas vessels and
regasification terminals. The latter two are likely to play an
increasingly important role in the market as further infrastructure
is built to cope with expectations of rising supply. These
contracts will be based on the most liquid of the underlying
European Natural Gas markets.
CME Group offers cleared futures and options for the most
extensive and liquid energy complex in the world including: a suite
of natural gas led by our Henry Hub future that is recognised as
the most widely traded benchmark for natural gas in the world; all
three global crude oil benchmarks; refined products; biofuels; coal
and electricity contracts.
These contracts will be subject to the rules of CME Europe and
cleared via CME Clearing Europe, CME Group's European clearing
house. Details of the new contracts are set out below and full
contract specifications can be found at
http://www.cmegroup.com/europe/products. A complete list of
products, members and product specifications can be found at
http://www.cmegroup.com/europe.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural commodities, metals, weather
and real estate. CME Group brings buyers and sellers together
through its CME Globex® electronic trading platform, its trading
facilities in New York and
Chicago, and through its
London-based CME Europe
derivatives exchange. CME Group also operates one of the
world's leading central counterparty clearing providers through CME
Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded
contracts and over-the-counter derivatives transactions.
These products and services ensure that businesses everywhere can
substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. KCBOT, KCBT and Kansas
City Board of Trade are trademarks of The Board of Trade of
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All other trademarks are the property of their respective owners.
Further information about CME Group (NASDAQ: CME) and its products
can be found at www.cmegroup.com.
CME-G
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SOURCE CME Group