CHICAGO, Nov. 13 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that it will launch a Central Appalachian coal options contract, on ClearPort(R) and the New York energy trading floor, beginning November 23 for trade date November 24.
The American style options contract (commodity code: C1) will be listed for the current year plus the next four years, beginning with the January 2009 contract. It will be 1,550 tons in size with a minimum price fluctuation of $0.01 per ton. There will be five strike prices in increments of $2.50 per tons above and below the at-the-money strike price.
For more information, please visit http://www.nymex.com/.
CME Group (http://www.cmegroup.com/) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers $7 billion in financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."
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